Archive | April, 2013

AbuDhabi CGI Sowwah Square by night

Abu Dhabi’s New Financial Center Competes With Dubai

The United Arab Emirates already boasts two airlines, two major international airports, three stock markets and two tourism hubs trying to attract wealthy holidaymakers. Now it seems the Arab Gulf country (population 7.9 million) will soon have two offshore financial centers – Abu Dhabi and Dubai. A brief decree issued two months ago – but […]

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Rio de Janeiro from Sugarloaf mountain, May 2004

Donald Trump Invests Offshore in Brazil

American property tycoon Donald Trump has revealed plans for a new office and residential complex in Rio de Janeiro. The project will lead to the construction of five 38-floor skyscrapers, each being 150 metres in height, worth between R$5 billion and R$6 billion Construction on the first two towers will begin during the second half […]

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Lijiang river, China

China’s Offshore Investment Portfolio

China added much less reserves last year via global investments, underlining an improvement in the country’s portfolio of offshore financial assets. The State Administration of Foreign Exchange said on Monday that only 30 percent of the newly added offshore financial assets last year were in the form of reserves, much lower than the average level […]

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Singapore new theater

Offshore money migrates from Switzerland to Singapore

Thanks in part to its generous tax regime, Singapore has been a millionaire haven for years. But a new report says the tiny island state may soon overtake Switzerland as the world’s largest offshore wealth hub. The report, by WealthInsight, a London-based research firm, says Singapore is the fastest growing wealth center in the world, […]

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Austria central bank chief defends privacy

The head of Austria’s central bank warned Saturday that debate about the country’s banking secrecy risks hurting the reputation of its financial system. “Austria is certainly not a tax haven,” Ewald Nowotny told reporters at the World Bank and International Monetary Fund annual spring meetings in Washington. “It’s important that others also see it this […]

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HNW individuals offshore investment research

At a global level over one third of HNW individuals invest their assets offshore because they expect more promising returns on their investments, or in general broader investment opportunities than they would otherwise get onshore. At the same time, tax efficiency was only the second most common reason for investing offshore. Datamonitor estimates that in […]

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Dutch Tax Haven to the Rock Stars

Dutch Tax Havens of the Rock Stars A Tax Haven For Rock Stars And Starbucks To Stash Earnings – Bono, Bowie, and the Rolling Stones, not to mention Apple, Google and Microsoft keep an address in the Netherlands, which doesn’t tax profits by foreigners. What do locals say? Holding companies for corporations like Apple, Microsoft, […]

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Monacao Penthouse

Monaco Penthouse ‘World’s Most Expensive’

This penthouse in Monaco could become the world’s most expensive property per square metre when it comes onto the market next year. The top floor penthouse could sell for £256m according to one estimate Renowned for its casinos and yacht-filled marinas, Monaco has become a magnet for the richest and most discerning property tycoons in […]

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The Eternal Gift of Trust

Establishing a Charitable Trust in New Zealand A charitable trust can easily be registered in New Zealand by non residents if the trust operates for charitable purposes outside of New Zealand. In that case as long as the trust has a charitable purpose it can simply be filed as a non resident charitable trust. In […]

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