Recently in Caribbean Category
Which offshore jurisdiction is the best for setting up a company to conduct business in the burgeoning I-Gaming Industry? This was the topic of a conversation recently in Barcelona, amongst a group of foreign entrepreneurs attending conferences related to Internet Gambling.
At a glance the I-Gaming Industry is over $10 Billion USD per year in gross revenues, probably just in Poker and Casino because Sportsbetting is more difficult to properly quantify, as much of it happens over the telephone and is so globally pervasive as to be in a category all of it's own.
Remittances to Latin America and the Caribbean will continue to grow in coming years and will surpass $100 billion a year by 2010, according to the Inter-American Development Bank’s Multilateral Investment Fund (MIF).
“Given present economic and demographic trends in Latin America and the Caribbean and in industrialized countries, remittances will continue to grow in volume over the next few years to more than $100 billion a year by 2010,”MIF Manager Donald F. Terry told a news conference on the eve of the annual meeting of the IDB Board of Governors.
A Massachusetts-based St. Maarten website, everythingstmaarten.com, is giving away nine one-week St. Maarten vacations and many other prizes (including a month-long vacation to the top winner) to celebrate reaching two million site visits this year.
Not only has the Cayman Islands continued to maintain its leadership position in international financial services and national economic performance, but it is also moving ahead of competitors, the government has claimed, pointing to a new credit rating report.
by Thomas Crown
Offshore banking has often been associated with the underground economy and organized crime, via tax evasion and money laundering; however, legally, offshore banking does not prevent assets from being subject to personal income tax on interest. Except for certain persons who meet fairly complex requirements, the personal income tax of most countries makes no distinction between interest earned in local banks and those earned abroad.
PORT-OF-SPAIN, Trinidad and Tobago, Feb. 9 /PRNewswire/ -- Just days after the start of the Single Domestic Space on February 1, 2007, news has come that in just one month, 7,000 applications were received for the Special CARICOM Visa, which is required by nationals of certain countries to visit 10 Caribbean countries as the world prepares to flock to the region for the ICC Cricket World Cup (CWC) 2007.
On 1 January 2007 the British Virgin Islands Business Companies Act 2004 (the BVI BC Act) became the sole Business Companies Act in the jurisdiction, creating positive changes for financial institutions and corporations undertaking a wide range of structured, asset, and project finance transactions in the BVI, according to Walkers, the global offshore law firm of choice for leading investment managers, prime brokers and international law firms, banks, and corporations.
The US has suffered a setback in a World Trade Organisation case that accuses the country of protectionism against international online gambling companies.
The US admitted on Friday that the WTO had ruled against it in the latest stage of a long-running dispute with the tiny Caribbean island of Antigua over whether US laws allow online gambling on horse racing, but unfairly forbid international companies from competing in the market.
Continue reading "WTO Rules Against US in Internet Gambling Case"
Just over a week on from the 5th anniversary of the first transfers to the US prison camp at Guantánamo, over 5,000 people from more than 90 countries have set off on a virtual voyage to the US detention centre.
The travellers are taking part in AI’s latest online campaign to persuade the US government to close Guantánamo. The campaign will run until 26 June, International Day for the Protection of Victims of Torture.
Yesterday, I responded to the first half of Ed’s question:
I'm interested in the Netherlands Antilles and Austria as offshore jurisdictions. Do you have any info?
Answer Part 2: Austria
Austria’s appeal is limited to a few people with very particular needs—if you had asked me about quality of life I could have waxed eloquent for hours. But you didn’t, you asked about offshore.
"Happy Thanksgiving to All! May you have fair winds and find your way safely to your home port!"
Ed asks this question:
I'm interested in the Netherlands Antilles and Austria as offshore jurisdictions. do you have any info?
Answer Part 1: The Netherlands Antilles
The first thing to note about the Netherlands Antilles (NA) is that it is in the process of ceasing to exist.
Nowadays both Lenin and Lennon are commemorated in statue in Havana. It's perhaps not surprising; after all, music and politics are synonymous with Cuba and its famous capital. Cuba may be one of the last bastions of Communism, but Castro's twilight years have seen the Caribbean island adopt a more friendly face after its long, lonely years as a Cold War warrior.
Walkers, the global offshore law firm, has reported that their Dubai office has seen an increase in the use of sukuk, Shari'ah-compliant bonds, with the Cayman Islands emerging as one of the world's most favoured domiciles for the vehicles.
Political agreement has been reached between Commissioners of Constitutional Affairs of Curaçao and St. Maarten on one Central Bank and monetary system for the two islands after they obtain their desired country status within the Kingdom.
Continue reading "Curacao, St. Maarten Opt for Joint Central Bank".
