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Investment opportunities in money-market, bond and equity assets are available through offshore companies. [ 2 ] One may also charter an offshore corporation to provide a legal personality , limited liability , transferable shares , a centralized management, and shared ownership.
In 1983 Citi's International Personal Bank (IPB) Singapore was established to meet the offshore banking needs of affluent individuals who reside outside of Singapore. [3] In 1999 Citibank was among the first four foreign banks to be awarded the Qualifying Full Bank (QFB) license by the Monetary Authority of Singapore (MAS) in 1999. [4]
The definition of an offshore financial centre dates back to academic papers by Dufry & McGiddy (1978), and McCarthy (1979) regarding locations that are: Cities, areas or countries which have made a conscious effort to attract offshore banking business, i.e., non-resident foreign currency denominated business, by allowing relatively free entry ...
Here's what you need to know about offshore investments for your portfolio. If … Continue reading → The post Offshore Investments: Guide appeared first on SmartAsset Blog.
Key Tips for Tax-Free Investing. Look for investments that offer tax benefits. Understand the difference between tax-efficient and tax-free investing. Consider retirement accounts for tax-deferred ...
Quantedge Capital is an alternative investment asset manager based in Singapore and New York City. It manages over US$3 billion under its flagship Quantedge Global Master Fund primarily on behalf of high-net-worth individuals , family offices and institutions.
Similarly, although the reference to fund can be taken to include any sort of collective investment, within offshore jurisdictions themselves, the term offshore fund is often limited to purely open-ended investment funds (i.e. a fund where the investor can redeem his investment during the life of the fund) where the investment is by way of ...
The government also has encouraged firms to invest outside Singapore, with the country's total direct investments abroad reaching $39 billion by the end of 1998. The People's Republic of China was the top destination, accounting for 14% of total overseas investments, followed by Malaysia (10%), Hong Kong (9%), Indonesia (8%) and US (4%).