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Offshore

Vistra Fund Services launches new Hong Kong Operation
02/15/2012
The new operation, which is based in Hong Kong, will provide fund administration and associated services to fund managers throughout Asia.

Pubel Bedford Capital Under Investigation By Labuan FSA
02/03/2012
In a statement Friday, the Labuan FSA said Pubel was incorporated under the Labuan Companies Act 1990 to carry on trading and non-trading activities but not licensed under the LFSSA to provide credit facilities nor financial assistance to any person.

New crackdown on offshore tax evasion
01/30/2012
The Tax Office wants the new measures to stem tax evasion introduced before funding for Project Wickenby expires in 2013 and they are expected to be considered by the federal government this year.

Channel Islands Law Firm Launches In Hong Kong
01/30/2012
Established with three partners, the office will initially focus on investment funds, corporate and finance work.

Banks could send 1,000 jobs offshore: union
01/22/2012
Australia and New Zealand Banking Group (ANZ), Westpac Banking Corp and Ernst & Young's Australia office all this week announced job cuts, with more expected.

IBFS 2012 Set for The Bahamas
01/20/2012
The Bahamas Financial Services Board (BFSB) has announced the third annual International Business & Finance Summit (IBFS) will take place February 3-5, 2012 at the Abaco Beach Resort at Boat Harbour in Marsh Harbour, Abaco, The Bahamas

UK, HK partners to develop offshore yuan market
01/17/2012
The announcement by U.K. Chancellor of the Exchequer George Osborne and HKMA chief Norman Chan in Hong Kong marks another baby step forward for London as it vies for a slice of the offshore trade in the yuan, also known as renminbi, with other financial

Singapore 'may become largest offshore financial centre by 2015'
01/17/2012
The report says that, as of the end of last year, Singapore had just over 150,000 high-net-worth individuals (HNWIs), each worth more than US$1 million (S$1.29 million). That equates to about one in 30 Singaporeans, it says.

Most expats trust banks abroad, except in Spain
01/11/2012
However, people living abroad in Spain have far less faith in the local banking infrastructure.

Tax havens want DTAAs not just TIEAs
01/09/2012
Liechtenstein, Panama, Seychelles and Bahrain have asked India for a double taxation avoidance treaty instead of tax information exchange arrangement.

TIEA a landmark for Jersey in year of increasing marketing activity in India
01/06/2012
Jersey Finance undertook further promotional activity in India last month following the signing of the Tax Information Exchange Agreement (TIEA) with India in November, which was seen by Jersey as a landmark in helping develop closer commercial ties with

India, Cayman Islands tax info exchange pact operational
01/06/2012
The pact was signed at Cayman Islands on March 21, 2011. Indian and Cayman Islands would exchange tax related information relevant to enforcement and administration of their domestic laws, the CBDT said.

Rich seek offshore wealth management
12/23/2011
Chinese commercial banks should prepare to manage offshore wealth to meet the demands of the rich overseas, according to a report released on Thursday.

Offshore fund launches new segregated portfolio in Vietnam
12/16/2011
he investment model used by Equity Partners Fund SPC will be implemented to provide funding to qualifying listed companies.

OECD may tweak laws on bank information sharing for tax evasion
12/09/2011
"We have set up a group (to look into the changes in the international standard)," said Jeffery Owens, director, Centre For Tax Policy And Administration, Organization for Economic Cooperation and Development (OECD).

Asia is driving global growth in offshore industry - Research
12/07/2011
Asia is and will continue to be the biggest driver of new growth in the offshore industry

Jersey and Japan sign tax information exchange accord
12/07/2011
The agreement was signed by Chief Minister, Senator Ian Gorst, and the Japanese Ambassador, His Excellency Mr Keiichi Hayashi.

Ireland acts to expand Asia fund footprint
12/05/2011
Trained IDA staff will represent the IFIA in Tokyo and Singapore as part of an ongoing drive to promote Ireland as a fund domicile for Ucits and alternative investment funds.

Guernsey signs agreement with Chinese banking regulator
12/01/2011
The statement of cooperation provides the framework for enhanced cooperation between the two supervisory bodies.

Guernsey looks to future listings on Shenzhen Stock Exchange
11/23/2011
A delegation from Guernsey has visited Shenzhen as the first step along the road to having Guernsey companies listed on the local stock exchange.