Reputable offshore financial centres play a legitimate and integral role in international finance and trade, offering a huge advantage in certain situations for both corporations and individuals. Offshore financial services handbook provides an informative and comprehensive survey of the legitimate uses of offshore financial services.
Based on his own wide-ranging experience in several offshore centres, Bill Penman Brown comprehensively reviews the development, practice and availability of financial services in the offshore environment. The result is a clearly written, practical guide which will continue to be essential reading for both professionals and their clients.
- Brand new edition including a new chapter on offshore banking services
- Designed for both financial services professionals and their clients
- Written by a practitioner with years of experience in many offshore centres
Reputable offshore financial centers play a legitimate role in international finance and trade, offering huge advantages in certain situations for both corporations and individuals. This book provides an informative and comprehensive survey of the legitimate uses of offshore financial services. It deals with both background and practice relating to offshore financial services, their provision and regulation, and assists prospective users by acting as a guide to the benefits and pitfalls they may encounter.
The second edition has been thoroughly revised and includes a new chapter on offshore banking services. The first chapters cover offshore financial centers (OFCs) and matters of general relevance. The following chapters describe the principal services commonly available in OFCs. The last chapter looks at the future for these centers. The use of offshore financial services is not exclusive to the UK or the USA, but is global in nature.
Selection of an offshore financial centre; Features of offshore
financial centres; Banking; Taxation and offshore centres; Regulation and
supervision; Money laundering; The need for asset protection; Asset
protection vehicles; Offshore trusts; Company management; The use of offshore
companies; Investment management services; Investment funds; Offshore pension
funds; Captive insurance companies; Tomorrow's offshore world.
Bill Penman Browns career has taken him around the world to a variety of offshore centres, including senior positions with the Bermuda National Bank, The Royal Trust Company of Canada, Grindlays Bank in Jersey, and Manufacturers Hanover (Guernsey) Bank. In September 1990 he accepted a post as the first Financial Services and banking Commissioner in Gibraltar, charged with setting up a new Financial Services Commission. From 1990-1995 he also served as the first Chief Examiner for the CIOBs Associateship exams in Offshore Practice and Administration.
