/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/
|
|
- Christal Washington
- 8 years ago
- Views:
Transcription
1 FIRST HALF, 2012 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ INTRODUCTION [1] EXECUTIVE SUMMARY [2] THE COMPANY INCORPORATION ENVIRONMENT [3] GEOGRAPHIC TRENDS [4]
2 1 INTRODUCTION Welcome to this inaugural edition of Appleby s On the Register, a new report that provides data and insight about the company incorporation activity going on in the major offshore jurisdictions around the globe, where we do the majority of our business. This report looks primarily at data for the first six months of The data shows that markets have continued to recover since the lows of early Despite many potentially adverse circumstances still developing that could derail a recovery, some offshore jurisdictions should remain pretty optimistic that they have a strong value proposition and remain attractive destinations for registering offshore businesses. And with the likely resumption of strong growth in emerging markets, we expect that jurisdictions like the British Virgin Islands, Cayman Islands and Mauritius will continue to see increased interest. Offshore jurisdictions remain pretty optimistic that they have a strong value proposition and remain attractive destinations for registering businesses. Globally, offshore new company registrations are slowly returning to the levels that were seen before the global economic downturn. However, our report for the first half of 2012 indicates that there is still some volatility. For example, the number of new offshore company incorporations in the first half of 2012 was 41,556, representing a decrease of 4% on same period a year earlier, but an increase of 9% on the previous six months. We will watch the registries closely to see if the volumes continue to stay at or above the 2011 levels as we reach the end of the year. The offshore jurisdictions of the British Virgin Islands (BVI) and Cayman stand out in this recent upward trend with 10% and 13% increases in new company incorporations since the second half of Cayman in particular is showing a rapid return to the levels seen in 2009 and certainly seems to be a destination of choice for companies looking to incorporate offshore. Meanwhile, the BVI continued to record the largest number of new incorporations with 33,065 companies joining the register there in the first half of We hope you find the analysis on the following pages useful. Please don t hesitate to get in touch with your usual Appleby contact should you have any questions. Farah Ballands Global Head of Fiduciary & Administration
3 Loc Aggregate (mil ON THE REGISTER 2 EXECUTIVE SUMMARY There are a number of key themes that emerge from the statistics outlined on these pages. In particular: Volumes of offshore companies being registered were higher in H than the preceding six months, and show that there is still a reasonable amount of activity going on across the offshore world. A number of jurisdictions are showing a clear positive direction with year on year increases in registration activity since The Seychelles is the offshore economy witnessing the greatest growth in activity, albeit that this jurisdiction s data lags behind the other jurisdictions we are tracking for this report. Between 2010 and 2011 this offshore location grew its company registrations by 20%. The jurisdiction that is dominating offshore new company registration activity by volume is the British Virgin Islands, which has consistently maintained a six-fold lead ahead of its nearest comparator, the Cayman Islands. The Cayman Islands is the fastest growth jurisdiction for new registrations, with a 13% increase since the previous six months. The UK and Hong Kong as comparators are showing signs of continued recovery with both annual registrations and total active companies showing year on year improvement. The projected figures for the UK are looking to be 200,000 more active companies at the end of the year compared to 12 months previously. H1, 2012 SIX-MONTHLY NEW INCORPORATIONS British Virgin Islands 33,065 Isle of Man 1,214 Cayman Islands 4,794 Guernsey 814 UK/London 246,705 Hong Kong 72,746 App loca Bermuda 465 Jersey 1,204 Seychelles N/A No. of deals Cay Isla 1 19, Mauritius N/A
4 3 THE COMPANY INCORPORATION ENVIRONMENT In the first half of 2012 there were 41,556 new offshore company incorporations, representing a decrease of 4% on the same period a year earlier, but an increase of 9% on the preceding six months. ALL NEW INCORPORATIONS OFFSHORE H ,542 H ,364 H ,965 H ,159 H ,269 H ,115 H ,556 Whilst the number of new company registrations appears to be growing in the first half of 2012, the total number of active companies on the offshore registries at the end of June 2012 (801,168 2 ) was 4% (or 31,918) fewer than the end of December It is possible that continued uncertainty in some markets, and the shift in focus from China/Asia to Africa for jurisdictions like Mauritius and the Seychelles is affecting a universal return to the numbers of company formations recorded prior to the global economic crisis in That said, we can clearly see that the volume of offshore companies being registered was higher in the first half of 2012 than the preceding six months. This shows that there is still a reasonable amount of activity going on across the offshore world. Even without the figures being available from some jurisdictions, a number of the offshore jurisdictions covered in our report are showing a clear positive direction with year on year increases in registration activity since The British Virgin Islands and the Cayman Islands being good examples of jurisdictions that have shown a dramatic return to the levels of company formations seen prior to If we look to the total number of active companies in the major markets of Hong Kong and the United Kingdom as indicators of the strength of confidence, their growth figures for the first half of 2012 are both up a solid 4% compared to end HONG KONG & UK: TOTAL ACTIVE COMPANIES ON REGISTER Hong Kong UK ,174 2,339, ,937 2,417, ,957 2,556,356 Q ,286 2,609,998 Q ,006,444 2,647,802 1 These figures exclude Mauritius and Seychelles as these jurisdictions do not report detailed enough figures 2 Includes figures as at Dec 2011 for Mauritius and Seychelles
5 4 KEY GEOGRAPHIC TRENDS BERMUDA According to the data, Bermuda remains an attractive place to incorporate. The number of new company incorporations has been steadily returning to the figures last seen in In 2011, 983 new companies joined the register, of which 802 were exempted companies, and 20 overseas companies and 161 local companies. BERMUDA: NEW INCORPORATIONS , The data shows that the number of new company formations dipped in 2009 but has grown steadily since this time. While there are many potentially adverse circumstances still developing that could derail the recovery from the global economic crisis, we feel that Bermuda should be optimistic that it has a strong value proposition as a location for global businesses. For the first half of 2012, the number of new companies registered stands at 465, and based on prior years this suggests that by the end of 2012,we could see the total number of companies being registered increasing for the fourth year running. In particular over the last 12 months we have seen considerable interest in, and formation of, trusts and underlying companies for the financing of large asset and infrastructure transactions in Eastern Europe. There has also been a growing interest in Bermuda as a preferred domicile by Latin-American companies, particularly with the signing of Tax and Information Exchange Agreements (TIEAs) with Mexico and Argentina, and a TIEA with Brazil is well advanced. We expect Bermuda will continue to grow its share of company incorporations in It has always had a good reputation as a well-regulated location for international business, and in fact has taken a leadership role in working with international bodies to develop appropriate regulatory frameworks. There continues to be a strong emphasis on adapting Bermuda s legislation to keep pace with the evolution of our customers businesses, and a good example is Bermuda s drive for compliance with Solvency II. BERMUDA: NEW COMPANIES BY TYPE 2011 No. of deals Exempted companies Overseas companies Local
6 5 KEY GEOGRAPHIC TRENDS cont. BRITISH VIRGIN ISLANDS CAYMAN ISLANDS The BVI continues to dominate the offshore new company registration activity by volume. Since 2008, the jurisdiction has consistently maintained a six-fold lead ahead of its nearest comparator, the Cayman Islands. Our data shows that the Cayman Islands is currently the fastest growth jurisdiction for new registrations, with a 13% increase in companies joining the register since the previous six months. The number of new company incorporations registered in 2011 exceeded those of 2008 and looking at the figures for the first half of 2012 which already stand at 33,065, we see no reason to believe that this trend will not continue. In 2011, 9,064 new companies joined the register, of which 7,980 were exempted companies, 156 were classified as non-resident, 485 resident and 443 foreign companies. In particular we are seeing a trend in incorporations for companies in the information and technology sector, and the natural resources, mining and extraction sector, with particular interest in the buoyant markets of Africa, Latin America, Eastern Europe, Mongolia and Australia. We expect the BVI to continue to grow its share of company incorporations in The jurisdiction is well positioned, balancing cost effectiveness, product ubiquity and service quality. Sustained demand for the BVI business company from traditional sources of business, for example China and Hong Kong, is likely to be supplemented by new market sources looking for value and flexibility in an uncertain global economy. CAYMAN: NEW INCORPORATIONS , , , ,064 CAYMAN: NEW COMPANIES BY TYPE 2011 BVI: NEW INCORPORATIONS , , , ,729 Exempt Non-Res Res Foreign This dramatic outpacing of many other jurisdictions is for a variety of reasons. Broadly we attribute this to the contractual flexibility and legal certainty enjoyed by companies incorporated in the Cayman Islands. Cayman also has one of the deepest pools of sophisticated professionals offshore (lawyers, trust professionals, accountants and bankers.) 7, ,064 It is worth noting that Cayman is seeing an increase in the use of Cayman Companies to hold investments in North America in view of the increasing regulation in these markets. We are also seeing toxic and distressed assets placed in Cayman structures as part of the work-out strategies to deal with these assets. We expect this trend of fast growth to continue well into 2013 and beyond.
7 6 KEY GEOGRAPHIC TRENDS cont. MAURITIUS/SEYCHELLES In 2011 the number of companies added to the register in Mauritius and Seychelles was 2,332 and 16,485 respectively. Mauritius is experiencing a steady return to the number of company registrations recorded in 2009.The jurisdiction showed a slight fall (1%) in formations for 2011 but after enduring a major slow down during 2011, global prospects are steadily strengthening again especially in relation to private equity funds into Africa. For the past 20 years, Mauritius as a jurisdiction has been the preferred destination for inbound investment in India. As Africa is the new emerging market we expect that there will be a shift from inbound investment into Asian countries (China and India mainly) to outbound investment from the latter into Africa. We will watch the 2012 figures with interest to see if this prediction in a shift of growth plays out. MAURITIUS: NEW INCORPORATIONS , , ,348 The Seychelles is the offshore economy witnessing the greatest growth in activity, albeit that this jurisdiction s data lags behind the other jurisdictions we are tracking for this report. The jurisdiction only reports the cumulative total of companies and recorded 100,877 companies as being incorporated by the end of 2011 versus 84,392 in A growth of 20%. During the last 12 months we have seen a shift in origin from Asia (mainly India) to Africa. The sector focus is mostly in the telecommunications, mining and energy development. The types of companies that were incorporated were mostly investment holding companies but we have also noted some interest in Collective Investment Schemes (funds). The reason for the rapid growth of Seychelles as a preferred destination for company formation lies in the fact that the jurisdiction operates one of the fastest International Business Company registers in the world. It has developed an efficient system that facilitates the swift incorporation/engagement of this dynamic legal vehicle. Same-day incorporation and the registration process in Seychelles is simple and very straightforward and inexpensive. SEYCHELLES: NEW INCORPORATIONS , , , , ,485 RESEARCH METHODOLOGY The data for Appleby s On the Register has been collected from reported figures produced by the national registers of Bermuda, Cayman Islands, Guernsey, Hong Kong, Isle of Man and the UK, as well as Jersey Finance, The Central Bank of Seychelles and the Financial Services Commissions of Mauritius and the British Virgin Islands.
8 LOOKING FOR OFFSHORE COMPANY INCORPORATION ADVICE? Our Fiduciary and Administration group provides a broad range of offshore fiduciary services to high net worth individuals, private companies, funds and an enviable array of global corporations through our affiliated companies, all part of the Appleby group. The group consists of motivated individuals from disciplines including legal, administration, compliance, accountancy, chartered secretarial and banking. Clients gain an integrated solution across service areas, whether in a single location, or across multiple jurisdictions. As the structures we administer can often have a multijurisdictional footprint, we are accustomed to liaising with professional advisors from around the globe and in dealing with the communication complications that can arise in such circumstances. What sets us apart is our commitment to the delivery of service excellence; this underpins all that we do. Whilst technical expertise is a given, we maximise the value and effectiveness of our client structures by offering a highly personal, client-focused and proactive service, and a fresh perspective. With no ties to any banks or investment houses, our team of professional specialists can select the best solution available. Our independence, combined with our commercial acumen, attention to detail and responsiveness, ensures we meet our clients needs on time, every time. ABOUT APPLEBY Appleby is the world s largest provider of offshore legal, fiduciary and administration services. We have around 800 people, including 80 partners, operating from 12 offices around the globe. This includes the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius and the Seychelles, as well as the international financial centres of London, Hong Kong, Shanghai and Zurich. Together, our teams service clients based all over the world. We advise global public and private companies, financial institutions, and high net worth individuals, working with them and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions. For further information contact: Farah Ballands, Partner and Global Head of Fiduciary & Administration fballands@ Appleby Global Group Services Ltd Published in the Isle of Man. All Rights Reserved.
/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/
FIRST HALF, 2013 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ EXECUTIVE SUMMARY [2] THE COMPANY FORMATION ENVIRONMENT [4] GEOGRAPHIC TRENDS [6] 2 EXECUTIVE SUMMARY Welcome
More information/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/
FIRST HALF, 2014 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ EXECUTIVE SUMMARY [2] THE COMPANY FORMATION ENVIRONMENT [4] GEOGRAPHIC TRENDS [6] 2 EXECUTIVE SUMMARY Welcome
More information/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE TRANSACTIONS/
FOURTH QUARTER 2013 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE TRANSACTIONS/ CONTENTS/ INTRODUCTION [2] EXECUTIVE SUMMARY [4] THE M&A ENVIRONMENT [5] SECTOR ANALYSIS [8] DEAL TYPES [10] GEOGRAPHIC TRENDS
More informationCayman Islands Companies: The Asia Connection
BERMUDA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS CYPRUS DUBAI HONG KONG LONDON MAURITIUS MOSCOW SÃO PAULO SINGAPORE conyersdill.com December 2010 Cayman Islands Companies: The Asia Connection The Cayman Islands
More informationIndia. with Case Study
CORPORATE & COMMERCIAL India with Case Study OFFSHORE COUNSEL TO THE INDIAN MARKET Appleby advises a number of major Indian clients, ranging from banks to hi-tech firms, with a focus on inward and outward
More informationCayman and Singapore: Still an attractive combination
BERMUDA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS CYPRUS DUBAI HONG KONG LONDON MAURITIUS MOSCOW SÃO PAULO SINGAPORE conyersdill.com March 2012 Cayman and Singapore: Still an attractive combination Singapore
More informationBritish Virgin Islands
OFFICE OVERVIEW Jayla Place Wickhams Cay I PO Box 3190 Road Town Tortola VG 1110 Tel +1 284 494 4742 Fax +1 284 494 7279 info@ BRITISH VIRGIN ISLANDS OVERVIEW The have developed into one of the world s
More informationAn Introduction to the Isle of Man s Online Gambling Industry
ARTICLE An Introduction to the Isle of Man s Online Gambling Industry As originally appeared in Business Word February 2012 BY LAURA MONK Having tripled in size since 2006 and now employing over 400 people,
More informationGUIDE TO INSOLVENT LIQUIDATIONS IN BERMUDA
GUIDE TO INSOLVENT LIQUIDATIONS IN BERMUDA CONTENTS PREFACE 1 1. Introduction 2 2. Statutory Liquidation Procedures: an Overview 2 3. Compulsory Winding-up 2 4. Creditors Voluntary Winding-up 4 5. Related
More informationWEALTH MANAGEMENT SOLUTIONS
WEALTH MANAGEMENT SOLUTIONS Contents Wealth management 1 Boutique approach, global solutions 3 Traditonal values, innovative thinking 4 Working in partnership 4 Protecting wealth 6 Enhancing wealth 8 Distributing
More informationCayman Islands Financial Account Reporting for Investment Funds What Must Be Done, By When?
ealert November 2014 Cayman Islands Financial Account Reporting for Investment Funds What Must Be Done, By When? The Cayman Islands currently has in place an intergovernmental agreement (IGA) with each
More informationPRIVATE EQUITY TRANSACTIONS OFFSHORE 2015 NOVEMBER 2015 SECTOR SNAPSHOT. applebyglobal.com
SECTOR SNAPSHOT NOVEMBER 2015 PRIVATE EQUITY TRANSACTIONS OFFSHORE 2015 Contents Introduction 2 The PE environment 3 Investment activity 5 Exit activity 9 2 INTRODUCTION Welcome to this spotlight edition
More informationGUIDE. Guide to the Legal System of the Cayman Islands
GUIDE Guide to the Legal System of the Cayman Islands TABLE OF CONTENTS Preface... 2 Introduction...3 The Cayman Islands Constitution... 3 The Governor......3 The Legislature... 3 The Executive...4 Sources
More informationPrivate Trust Companies
FUNDAMENTALS OF BVI PTC LEGISLATION INCLUDING ENHANCEMENTS IN MAY 2013 Over the past two decades the number of international high-net worth (IHNW) families has grown significantly with the increased pace
More informationBriefing. A Guide to Investment Funds in the British Virgin Islands. Client briefing. February 2007. Anti-Money Laundering. Choice of Jurisdiction
February 2007 Briefing A Guide to Investment Funds in the British Virgin Islands BVI/IF/13776284 The success of the final product is dependant on making many decisions. Whether they are; determining the
More informationPRACTICE DESCRIPTION. Insolvency & Restructuring
Insolvency & Restructuring OVERVIEW Appleby provides insolvency & restructuring services in all the offshore jurisdictions in which it operates, namely: Bermuda, the British Virgin Islands, the Cayman
More informationSOVEREIGN S CROSS BORDER PENSIONS
P E N S I O N S P E N S I O N S SOVEREIGN S CROSS BORDER PENSIONS If you have lived in the UK and moved overseas you may be considering your international retirement planning options, and specifically
More informationGUIDE. Guide to Winding Up of Solvent and Insolvent Jersey Companies
GUIDE Guide to Winding Up of Solvent and Insolvent Jersey Companies TABLE OF CONTENTS PREFACE...2 1. Summary Winding Up...3 2. Creditor s Winding Up...3 3. Bankruptcy...4 4. End of Period of Duration...5
More informationA Review of the Regime Governing the Dissolution and Restoration of Solvent Companies in BVI
ARTICLE A Review of the Regime Governing the Dissolution and Restoration of Solvent Companies in BVI As originally appeared in Resolution, Offshore Summer 2012 BY SARAH MASSON When the BVI Business Companies
More informationRelocating Businesses to Jersey. An introduction to working with us. www.ogier.com
Relocating Businesses to Jersey An introduction to working with us www.ogier.com Bahrain British Virgin Islands Cayman Islands Guernsey Hong Kong Ireland Jersey London Shanghai Tokyo Ogier is one of the
More informationOffshore Solutions for Hotel and Resort Investment
Offshore Solutions for Hotel and Resort Investment Establishing and administering efficient offshore and onshore holding vehicles used for Hotel and Resort: - investment funds - financing - development
More informationConsidering a London listing?
Considering a London listing? About us Over the last five years Capita Asset Services has been appointed to more Initial Public Offerings (IPO) than any other registrar. Our experience of flotation projects
More informationp r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e
p r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e Our Services Trident Fund Services a division of the Trident Trust Group offers fund sponsors an independent outsourced back office
More informationBermuda Public Companies Offshore Companies Onshore Exchanges
Bermuda Public Companies Offshore Companies Onshore Exchanges Foreword This memorandum has been prepared for the assistance of those who are considering the formation of public companies in Bermuda. It
More informationOffshore Company Formations
Offshore Company Formations Catalogue 2016 Index Overview about offshore company formation services..... 3 Available countries, rating and price overview... 4 Country Facts Bahamas Belize British Virgin
More informationGUIDE TO TRUSTS IN GUERNSEY
GUIDE TO TRUSTS IN GUERNSEY CONTENTS PREFACE 1 1. Guernsey as a Trust Jurisdiction 2 2. What is a Trust? 2 3. Regulation of Guernsey Trustees 3 4. Types of Trusts Commonly Used in Guernsey 3 5. Uses of
More informationI. World trade developments
I. World trade developments World merchandise exports grew by 2 per cent in value terms in 2013 while exports of commercial services increased by per cent. Key developments in 2013: a snapshot Trade data
More informationPRIVATE TRUST COMPANIES THEIR APPLICATION TO PRIVATE CLIENTS RESIDENT OF CHINA, HONG KONG, SINGAPORE, INDONESIA AND OTHER NATIONS
1 PRIVATE TRUST COMPANIES THEIR APPLICATION TO PRIVATE CLIENTS RESIDENT OF CHINA, HONG KONG, SINGAPORE, INDONESIA AND OTHER NATIONS A presentation delivered to delegates of Swiss-Asia Wealth Exchange Delivered
More informationHow To Get The Best From Butterfield Asset Management
Butterfield Asset Management Next Print Quit Individually crafted; for you. At Butterfield Asset Management protecting and growing the real value of your wealth is at the heart of our service. With over
More informationJersey: for Trusts. Jersey s finance industry provides the highest standards of administration for trust structure
Jersey: for Trusts Jersey s finance industry provides the highest standards of administration for trust structure Jersey for Trusts Jersey A leading international financial centre Jersey is a leading international
More informationTrust and Fiduciary Services. Professional Advisors: Enjoy an Enduring Relationship with RBC
Trust and Fiduciary Services Professional Advisors: Enjoy an Enduring Relationship with RBC Earning the Right to Become Your Clients First Choice As a professional advisor, not only will you identify
More informationA BUSINESS THAT S DEPENDENT ON TRUST
A BUSINESS THAT S DEPENDENT ON TRUST Heritage is an independent trust company, providing a full spectrum of corporate services. Located in Singapore and Hong Kong, we provide three core services: Establishing
More informationCERTAINTY INGENUITY ADVANTAGE. Computershare Offshore Local experience with global reach
CERTAINTY INGENUITY ADVANTAGE Computershare Offshore Local experience with global reach Local experience with global reach With over 20 years local experience, Computershare s offshore clients benefit
More informationHelping you meet your global objectives. Helping you grow PRECISE. PROVEN. PERFORMANCE.
Helping you meet your global objectives Helping you grow PRECISE. PROVEN. PERFORMANCE. Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge
More informationSECTORS & MARKETS INSURANCE & REINSURANCE
INSURANCE & REINSURANCE OVERVIEW The global (re)insurance industry is dynamic and ever-shifting, responding to emerging and existing challenges over the years including major catastrophe losses, varying
More informationPlease provide the geographical location of the proposed company s actual operations and day to day running of the company.
PROPOSED NAME Please list at least three (3) alternatives, in order of preference. The company name must end in the word Limited, Unlimited or Public Limited Company or their abbreviations. Please note
More informationare recognised as stable, international finance centres with top-tier reputations
April 2008 Briefing Listing Offshore Companies on the London Stock Exchange s Alternative Investment Market ( AIM ) PREFACE This briefing is intended to provide a summary of some of the legal requirements
More informationButterfield Asset Management. Next Print Quit
Butterfield Asset Management Next Print Quit Individually crafted; for you. At Butterfield Asset Management protecting and growing the real value of your wealth is at the heart of our service. With over
More informationGlobal Dispute Resolution Practice
Global Dispute Resolution Practice An introduction to working with us British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey Luxembourg Shanghai Tokyo About Ogier Ogier provides legal advice on
More informationprivate trust companies trusted to deliver...
private trust companies trusted to deliver... About SMP Partners The SMP Partners Group of Companies consists of six core operating businesses. The group companies hold where relevant, licenses issued
More informationA Paper on Limited Partnership for. Private Equity Funds
FSDC Paper No. 17 A Paper on Limited Partnership for Private Equity Funds December 2015 Index A) Executive Summary... 1 B) Background... 3 C) Developing Hong Kong as an Onshore Hub for Private Equity Funds...
More informationGUIDE TO CAPTIVE INSURANCE COMPANIES IN THE CAYMAN ISLANDS
GUIDE TO CAPTIVE INSURANCE COMPANIES IN THE CAYMAN ISLANDS CONTENTS PREFACE 1 1. Cayman Islands Jurisdiction of Choice 2 2. Reasons for Establishing an Insurance Captive 3 3. Establishment and Licensing
More informationMarketing and Sale of Securities to Cayman Islands Investors
Marketing and Sale of Securities to Cayman Islands Investors Author: Jonathan R. McLean, Associate The Cayman Islands is recognised as one of the world's premier financial and banking centers. The Cayman
More informationEMPLOYEE & EXECUTIVE SHARE PLANS
PERFORMANCE & REWARD MANAGEMENT EMPLOYEE & EXECUTIVE SHARE PLANS BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.COM 1 CONTENTS EMPLOYEE
More informationExecutive Summary. Traffic Trends
Executive Summary Few industries have experienced more wrenching changes than the international longdistance telecommunications market. Over the past 20 years, service providers have weathered market liberalization,
More informationBritish Virgin Islands Insurance Companies
British Virgin Islands Insurance Companies Foreword This memorandum has been prepared for the assistance of those who are considering the formation of insurance companies in the British Virgin Islands.
More informationGUIDE TO PUBLIC OFFERING OF COMPANIES IN GUERNSEY, ISLE OF MAN AND JERSEY
GUIDE TO PUBLIC OFFERING OF COMPANIES IN GUERNSEY, ISLE OF MAN AND JERSEY CONTENTS PREFACE 1 1. Introduction 2 2. Why Choose Guernsey, Isle of Man or Jersey? 2 3. Company Incorporations, Migrations and
More information360 o View of. Global Immigration
360 o View of Global Immigration In a fast moving global economy, remaining compliant with immigration laws, being informed and in control is more challenging than ever before. We are a globally linked
More informationApex Fund Services (Cayman) Ltd. Registered Office. Corporate Services. Directorships. Company Formation
Apex Fund Services (Cayman) Ltd. Registered Office Corporate Services Directorships Company Formation Services Registered Office: maintenance of a registered office for Cayman entities Directorships: providing
More informationTHE ALBERTA CAPITAL MARKET:
THE ALBERTA CAPITAL MARKET: A COMPARATIVE OVERVIEW MAY 214 REPORT TABLE OF CONTENTS Table of Contents Introduction 5 Executive Summary 6 Key Observations from 213 7 Provincial Comparisons 8 Charts and
More informationcapital market credentials trusted to deliver
capital market credentials trusted to deliver Contents About SMP Partners Introduction Breadth of Services The Isle of Man the preferred international jurisdiction Capital Market Credentials: International
More informationFurther Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges
Further Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges Zhang Ying, Senior Economist In recent years, as the internationalization of the RMB has been steadily carrying out,
More informationYour partner. in Hong Kong
Your partner in Hong Kong About our firm Midland Consult (Hong Kong) Limited, was set up in 2009 and it s a subsidiary which forms a part of Midland Group of companies a highly skilled professional corporate
More informationAUSTRALIA S EXPORTS OF EDUCATION SERVICES 1
AUSTRALIA S EXPORTS OF EDUCATION SERVICES 1 Introduction Australia s education services exports have continued to grow in importance this decade. Since 1982, education services exports have grown at an
More informationInsurance Market Outlook
Munich Re Economic Research May 2014 Premium growth is again slowly gathering momentum After a rather restrained 2013 (according to partly preliminary data), we expect growth in global primary insurance
More informationJordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts
Jordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts 1 Contents 3 Introduction 4 Jordans Trust Company in the UK 4 Benefits of forming a company in the UK
More informationWORLD. Geographic Trend Report for GMAT Examinees
2011 WORLD Geographic Trend Report for GMAT Examinees WORLD Geographic Trend Report for GMAT Examinees The World Geographic Trend Report for GMAT Examinees identifies mobility trends among GMAT examinees
More informationJLT Insurance Management Guernsey Ltd
JLT Insurance Management Guernsey Ltd Insurance Management and Advisory Services Distinctive. Choice. JLT INSURANCE MANAGEMENT Distinctive. Choice. JLT is an international group of Risk Specialists and
More informationManpower Employment Outlook Survey Singapore Q3 2014. A Manpower Research Report
Manpower Employment Outlook Survey Singapore Q3 14 A Manpower Research Report Contents Q3/14 Singapore Employment Outlook 2 Sector Comparisons Global Employment Outlook 6 International Comparisons - Asia
More informationAbout Titan. Strength comes from a single source, Titan. Titan is a fully licensed Trust and Company Service Provider based in Mauritius.
About Titan Titan is a fully licensed Trust and Company Service Provider based in Mauritius. Our staff are highly experienced, and appropriately qualified and certified. Our knowledge is broad and it is
More informationGoing to Combat for Your International Client: Avoiding Landmines and Other Hot Topics in 2012/2013
Going to Combat for Your International Client: Avoiding Landmines and Other Hot Topics in 2012/2013 Presented to the Washington DC Estate Planning Council November 27, 2012 The City Club of Washington
More informationI. World trade developments
I. World trade developments World merchandise exports stagnated in value terms in 2012 while exports of commercial services increased by 2 per cent. Key developments in 2012: a snapshot Trade data List
More informationTailored Portfolio Management Service. Investing with purpose and insight
Tailored Portfolio Management Service Investing with purpose and insight Tailored Portfolio Management Service With a history of working closely with wealthy individuals, we take pride in the insight
More informationGuide to Jersey limited liability partnerships
Guide to Jersey limited liability partnerships applebyglobal.com L1115631.1 TABLE OF CONTENTS Preface... 1 1. What is an LLP and why has the introduction of LLPs in Jersey proved so controversial?... 2
More informationInternational group risk and retirement savings solutions. Supporting your employees around the world
International group risk and retirement savings solutions Supporting your employees around the world A business shaped by experience Over our 30 years in the international corporate benefits market, we
More informationComparison of Companies - Cayman Islands, British Virgin Islands and Jersey
Comparison of Companies - Cayman Islands, British Virgin Islands and Jersey Introduction The decision as to where to incorporate an offshore company can only be made based on the specific features of the
More informationp r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e
Hong Kong Services p r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e HOW TRIDENT TRUST CAN ASSIST YOU IN HONG KONG Trident Trust has had a multilingual presence in Hong Kong for
More informationInvestment Counselling Program
Investment Counselling Program To us there are no foreign markets. N19 70 56 W155 08 58 Golfing with friends, Hawaii Your life has a geography. Where you re from, where you re going, where you aspire to
More informationAsset Management Industry Development in Hong Kong, Singapore and China
Asset Management Industry Development in Hong Kong, Singapore and China by Terence Chong Vivian Wong Working Paper No. 7 March 2012 Institute of Global Economics and Finance The Chinese University of Hong
More informationProposals on Legal and Regulatory Framework for Open-ended Investment Companies in Hong Kong
Proposal on Legal a FSDC Research Paper No. 05 Proposals on Legal and Regulatory Framework for Open-ended Investment Companies in Hong Kong November 2013 Proposals on Legal and Regulatory Framework for
More informationThe Bermuda Stock Exchange
The Bermuda Stock Exchange Foreword This Memorandum has been prepared for the assistance of anyone who requires information about the Bermuda Stock Exchange. It deals in broad terms with the Bermuda Stock
More informationInvesting into India through Mauritius
BERMUDA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS CYPRUS DUBAI HONG KONG LONDON MAURITIUS MOSCOW SÃO PAULO SINGAPORE conyersdill.com July 2010 Investing into India through Mauritius Mauritius Funds Mauritius
More informationCarat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected
23 August 2012 Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected Carat, the world s leading independent media communications agency,
More informationZURICH MULTINATIONAL INSURANCE APPLICATION
ZURICH MULTINATIONAL INSURANCE APPLICATION Helping you take control in a constantly changing regulatory world Broker ZURICH MIA BROADENING HORIZONS Zurich Multinational Insurance Application (Zurich MIA)
More informationInternational Asset Recovery
International Asset Recovery March 2011 Update Hong Kong Steven Philippsohn Commercial Fraud Specialists PCB Litigation LLP Solicitors E-mail : snp@pcblitigation.com Web Site : www.pcblitigation.com PCB
More informationSeamless Corporate & Trust Services in China
Seamless Corporate & Trust in China About Vistra Group Ranked among the top four corporate service providers globally, Vistra Group is a versatile group of professionals, providing a uniquely broad range
More informationSetting up a Company in Offshore Jurisdiction
Setting up a Company in Offshore Jurisdiction Incorporating a company in an offshore jurisdiction will bring numerous benefits to its owner. Offshore organizations enjoy significant tax relief, complete
More informationThe rise of the cross-border transaction. Grant Thornton International Business Report 2013
The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting
More informationInvestment funds in Jersey
2011 Investment Funds Investment funds in Jersey Client Briefing www.ogier.com Bahrain British Virgin Islands Cayman Islands Guernsey Hong Kong Ireland Jersey London Tokyo Introduction The investment funds
More informationManpower Employment Outlook Survey Ireland
Manpower Employment Outlook Survey Ireland Q1 215 Country Name Employment Outlook The Manpower Employment Outlook Survey for the first quarter 215 was conducted by interviewing a representative sample
More informationShip finance leasing in China
Ship finance leasing in China FINANCIAL INSTITUTIONS ENERGY INFRASTRUCTURE, MINING AND COMMODITIES TRANSPORT TECHNOLOGY AND INNOVATION PHARMACEUTICALS AND LIFE SCIENCES Jonathan Silver Of Counsel, Norton
More information2015 Growth in data center employment continues but the workforce is changing
Published in Conjunction with MARKET BRIEFING GLOBAL DATA CENTER EMPLOYMENT 2015 2015 Growth in data center employment continues but the workforce is changing Globally, the number of people working in
More informationOpen-ended Fund Companies New Initiative to Further Develop HK s Asset Management Industry
Open-ended Fund Companies New Initiative to Further Develop HK s Asset Management Industry Introduction Asset management has become increasingly prominent in the international financial landscape, and
More informationGUIDE TO MUTUAL FUNDS IN THE BRITISH VIRGIN ISLANDS
GUIDE TO MUTUAL FUNDS IN THE BRITISH VIRGIN ISLANDS CONTENTS PREFACE 1 1. Introduction 2 2. Definition of a Mutual Fund 2 3. Investment Fund Vehicles 3 4. Application of the SIBA 3 5. Types of Funds 3
More informationPrivate Equity - Jersey LBO/MBO Acquisition Structures
Corporate & Commercial May 2012 Private Equity - Jersey LBO/MBO Acquisition Structures Key Structuring Issues Complex tax, accounting and employment matters are amongst those which drive the choice of
More informationSingapore Company Registration Statistics
Singapore Company Registration Statistics Q1, 2012 16 Raffles Quay, Suite 33-03 Singapore, 048581 www.guidemesingapore.com +65 6222 7445 Singapore Company Registration Statistics Report About the Report
More informationGUIDE TO INVESTMENT FUNDS IN THE CAYMAN ISLANDS
GUIDE TO INVESTMENT FUNDS IN THE CAYMAN ISLANDS CONTENTS PREFACE 1 1. Cayman Islands - Jurisdiction of Choice 2 2. Investment Funds 3 3. Investment Fund Structures 4 4. Investment Fund Vehicles 5 5. Director
More informationglobal ENTERPRISE SURVEY REPORT 2011 asia-pacific
global ENTERPRISE SURVEY REPORT 2011 asia-pacific A UNIQUE AnnuAL insight into the competitiveness of ASIA-PAcific businesses And developments in GLOBALisAtion business with confidence icaew.com/smeresearch
More informationA passion to perform. Fiduciary Solutions
A passion to perform Fiduciary Solutions Opportunities multiply as they are seized. Sun Tzu (6th century BC) Chinese General, Military Strategist Your wealth Managing your wealth presents serious issues
More informationOgier Legal Services. ogier.com. An introduction to working with us
An introduction to working with us British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey Luxembourg Shanghai Tokyo An introduction to Ogier provides legal advice on BVI, Cayman, Guernsey, Jersey
More informationBlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy
BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy INTRODUCTION This policy document outlines BlueBay Asset Management LLP s ( BlueBay ) approach to integrating
More informationMining Law: Hong Kong chapter
hong kong june 2013 Slaughter and May Benita Yu 1. INTRODUCTION 1.1 Please briefly describe the capital market for mining activities in your jurisdiction. The Hong Kong Stock Exchange is one of the largest
More informationCommBank Accounting Market Pulse. Conducted by Beaton Research + Consulting November 2014
CommBank Accounting Market Pulse. Conducted by Beaton Research + Consulting November 2014 Contents Increasing confidence underpinned by strong economic outlook 2 Australian economic outlook 3 November
More informationLegal Services Cayman Islands Private Equity
Legal Services Cayman Islands Private Equity Contents Why choose Ogier? 3 Supporting the full fund lifecycle 4 Representative private equity clients 5 A flavor of our experience 7 Your key contacts 8 Our
More informationCrossing Borders Creating Solutions. Presentation Vistra Group April 2015
Crossing Borders Creating Solutions Presentation Vistra Group April 2015 Contents 1.About Vistra 2.Vistra Milestones 3.Vistra s presence 4.Creating Solutions 5.Vistra s key strengths 6.Vistra Luxembourg
More informationGlobal payments trends: Challenges amid rebounding revenues
34 McKinsey on Payments September 2013 Global payments trends: Challenges amid rebounding revenues Global payments revenue rebounded to $1.34 trillion in 2011, a steep increase from 2009 s $1.1 trillion.
More informationEstablishing an Investment Management Company in Bermuda
BERMUDA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBAI HONG KONG LONDON MAURITIUS SINGAPORE conyersdill.com May 2013 Establishing an Investment Management Company in Bermuda The process involved in establishing
More informationAMICORP INSURANCE COMPANY (AIC)
AMICORP INSURANCE COMPANY (AIC) AMICORP INSURANCE COMPANY (AIC) INTRODUCTION Amicorp Insurance Company provides all the one-stop expertise you need to set up and manage your captive. Once the structure
More informationInsurance management services
Insurance management services Global vision, local view About us Heritage Insurance Management is the leading independent insurance manager in the European time zone. We are part of the Heritage Group,
More information