Offshore Business Magazine - new FREE magazine..

[MrJohn]

ISSUE #03 of the Offshore Business Magazine has been launched. The
fastest growing financial and professional magazine for the offshore financial
industry and its clients.

Download it for free (PDF)..
[url=http://www.magverlag.com/offshore_magazine03.pdf]Offshore Business Magazine Issue3[url]

Regards,
Offshore Business Magazine

[MrJohn]

Dear Sirs,
ISSUE #05 of Offshore Business Magazine has been launched. The fastest
growing financial and professional magazine for the offshore financial
industry and its clients.

Download it for free (PDF)..
[url]http://www.magverlag.com[url]

Or click:
[url]http://www.magverlag.com/offshore/ccount/click.php?id=8[url]

Regards,
The Offshore Business Magazine

[jetway]

how many people does this magazine go out to?

[MrJohn]

10 000 readers through the website and mailing list in December..

[MrJohn]

ISSUE #05 of the Offshore Business Magazine has been launched. The
fastest growing financial and professional magazine for the offshore financial
industry.

Download it for free (PDF)..
Offshore Business Magazine Issue5
www.magverlag.com/offshore/ccount/click.php?id=8







Regards,
Offshore Business Magazine

[MrJohn]

Offshore Business Magazine (www.magverlag.com) is one of the largest and fastest growing free digital magazines for the offshore world. Reaching an audience of more than 10 000 readers worldwide, the magazine has now launched its sixth (6) issue.

Download it for free (PDF)..
http://www.magverlag.com

Or click:
http://www.magverlag.com/offshore/ccount/click.php?id=9





Magazine Cover (Image)
http://www.magverlag.com/pix/Urge_flash_1.jpg



#06 - In this issue:

THE MAURITIUS GLOBAL BUSINESS SECTOR Mauritius formally launched its Offshore Business Activities in 1992 when comprehensive legislation was introduced to allow Offshore Banking and Non-Offshore Banking activities to be undertaken on the Island. Since then several changes were made in order to keep pace with developments in the International Financial services industry. Offshore companies incorporated in Mauritius are now known as Global Business companies. Full story on page.15

JERSEY INTRODUCES ADVANCES TO CELL COMPANY INVESTMENT STRUCTURES New legislation in Jersey permits the creation of cell companies and includes innovative features which extend the scope of their use for investment purposes. Full story on page.17

CAYMAN CALLING - THE CONTINUING DRAW OF THE HEDGE FUND INDUSTRY IN THE CAYMAN ISLANDS With an estimated 75% of the world's hedge funds now domiciled in the jurisdiction, the Cayman Islands are continuing to strengthen their position as the world's number one offshore domicile for hedge funds. This comes as no great surprise given the Cayman Islands' well established and highly favourable regulatory and professional environment and the common perception in many quarters that it is now hard to justify why a hedge fund should be established elsewhere. It is certainly true that success breeds success. Full story on page.18

BERMUDA COLLECTIVE INVESTMENT SCHEMES AND THE EU DIRECTIVE The Minister of Finance of Bermuda recently announced that the Ministry of Finance had successfully concluded discussions with Swiss tax authorities concerning the application of the Swiss Guidelines for the European Union Directive on Taxation of Savings Income (the "EU Directive") on Bermuda domiciled funds offered exclusively to sophisticated investors. Full story on page.22

A REVIEW OF PROPOSED REFORM TO THE MUTUAL FUND REGULATORY REGIME IN THE CAYMAN ISLANDS The Cayman Islands Government is expected shortly to release proposals with the object of enhancing the island's mutual fund regulatory regime following further consideration of the 2004 Working Group Report (the "Report"). Full story on page.26

COLLATERALIZED DEBT OBLIGATIONS (CDOS) ARE BEING CREATED AT A RECORD PACE IN THE CAYMAN ISLANDS Walkers said today that collateralized debt obligations (CDOs) are being created at a record pace -- with more than 270 CDO transactions established in the Cayman Islands in 2005, representing approximately $125 billion in assets. The number of CDOs issued in the Cayman Islands has grown more than 100 percent in the past two years. Full story on page.29

BERMUDA PARTNERSHIPS: ATTRACTIVE VEHICLE FOR VENTURE CAPITAL AND PRIVATE EQUITY "There have been recent changes to Legislation in respect of Bermuda partnerships which are typically used for venture capital private equity, real estate and other investment opportunities for institutional and high-net worth investors. The changes to the Partnership Legislation further enhance and simplify the operation of Bermuda partnerships, with their uncomplicated and sensible regulation which suits the needs of sophisticated investors. Full story on page.30

CAYMAN ISLANDS BANKERS' ASSOCIATION CONFERENCE 2006 `THE CHANGING FACE OF BANKING' WILL BE ANOTHER EXCITING AND VALUABLE EVENT The Cayman Islands Bankers' Association has announced the date for its 2006 biennial conference with the theme "The changing face of banking - the future of banking in the Cayman Islands" to be held on May 22-23. Full story on page.31

ANGUILLA, BWI: AN EFFECTIVE AND USER-FRIENDLY JURISDICTION FOR OFFSHORE HEDGE FUNDS. In 2004, Anguilla enacted its Mutual Funds Act ("the Act") which seeks to establish the jurisdiction as a domicile for offshore hedge funds. The Act provides for the recognition of private and professional funds, registration of public funds and licensing of fund managers and administrators. Full story on page.33

GLOBAL GUERNSEY LOOKS TO BRIGHT FUTURE Dedication and adaptability were highlighted as two of Guernsey's key strengths by a top London lawyer who addressed a capacity audience of 400 representatives of the island's financial services industry and politicians. Full story on page.38

Confidentiality IN BERMUDA ARBITRATIONS Bermuda has two separate and distinct systems of arbitration. The first, which applies to international commercial arbitration, is under the Bermuda International Conciliation and Arbitration Act 1993 and adopts the UNCITRAL Model Law. The second, under the Arbitration Act 1986, applies to all arbitrations which are not international commercial arbitrations and adopts the law which applied in England before the 1996 reforms. Full story on page.40

CAYMAN CAPTIVE INSURANCE SECTOR CONTINUES GROWTH Cayman's captive insurance sector continued to grow in 2005, with 733 Caymanlicensed captives active at 31 December. This represents a six percent increase from December 2004 when 693 captives were active. Full story on page.42

JERSEY BEGINS TO SEE BENEFITS OF ASIAN VISIT Jersey Finance believes that its Finance Industry can take advantage of opportunities to develop business links with China, particularly in the area of raising capital and supporting inward foreign investment in the country. Full story on page.43

ASSET MANAGEMENT IN LIECHTENSTEIN Liechtenstein will enact the new law on asset management (VVG) as at 1 January 2006. This makes Liechtenstein fully compliant with the EU Directives 2004/39/EG of the European Parliament and European Council dd. 21 April 2004 on markets for financial instruments (to amend earlier EU Directives 85/611/EWG and 93/6/EWG and 2000/12/EG and to cancel the EU Directives 93/22/EWG). Full story on page.44

LABUAN OFFSHORE FINANCIAL SERVICES AUTHORITY (LOFSA) CELEBRATING ITS 10TH ANNIVERSARY (14 Feb 2006) Labuan Offshore Financial Services Authority (LOFSA) celebrates its 10th Anniversary on 15 February 2006. LOFSA was established under the LOFSA Act 1996 on 15 February 1996 as the single regulator for Malaysia's International Offshore Financial Centre (IOFC) in Labuan. The establishment of LOFSA, which commenced operations in March of the same year, has propelled the growth and business development of the IOFC. Full story on page.51

[MrJohn]

ISSUE #07 of "Offshore Business Magazine" has been launched. The fastest growing financial and professional magazine for the offshore industry.


The magazine accentuates the positive aspects of international deal making, and provides the industry with news and in deep articles.

The following are all important motivations for using offshore jurisdictions: minimization of tax, protection and enhancement of assets, risk management,

cost reduction, confidentiality, avoidance of bureaucracy and excessive regulation.





Download it for free (PDF)..
http://www.magverlag.com
Or click:
http://www.magverlag.com/offshore/cc...lick.php?id=10


Regards,
Offshore Business Magazine
www.magverlag.com









#07 - In this issue:


SEYCHELLES MUTUAL FUNDS
An act providing for the regulation of mutual funds was passed in 1997. The regulations made under this Act provide for a modern regulatory system aimed at

attracting international mutual funds promoters from around the world. A fund which may be in the form of an investment company or unit trust enjoys complete

exemption from taxes and can take advantage of an emerging network of tax treaties. New legislation and regulations thereof now allows for the licensing of

Mutual Funds administrators and funds by the Central Bank of Seychelles. Funds may be established either as investment companies or unit trusts. In the case

of investment companies, a wide choice of vehicles are available. All funds must have a registered office and a licensed administrator in Seychelles. Full

story on page.14



OFFSHORE INVESTMENT AND BANKING BECOMES MORE ATTRACTIVE IN UNCERTAIN ECONOMY
"Nearly anyone has the opportunity to benefit financially from the higher returns being offered by offshore investment opportunities these days.” Said global

banking specialist Ron Z. Mendelson of Xplorer Offshore Services. Full story on page.16



MAURITIUS PROTECTED CELL COMPANY (PCC)
A GBC 1 may be structured as a PCC. The PCC is a special legal structure made up of cellular and non-cellular assets. It provides legal segregation of assets

attributable to each cell of the company whether owned by individuals or body corporate. The PCC offers a wide range of applications namely insurance

(general, long term, reinsurance, captive) and collective investment schemes. Full story on page.16




SPEEDY ADOPTION OF NEW REGULATORY REGIME KEY TO IRELAND ENHANCING ITS POSITION AS A MAJOR INTERNATIONAL REINSURANCE CENTRE
Ireland’s “light touch” supervision of reinsurance businesses is out of step with best international practice, but the rapid implementation of a new EU

regulatory regime will send a strong signal that we want to remain as a major centre for the reinsurance sector. Ambrose Loughlin, Partner in McCann

FitzGerald’s Banking & Financial Services Department comments that the EU Reinsurance Directive will increase capital costs for reinsurance companies, but

such businesses based in Ireland will benefit from plans by the authorities here to transpose the Directive into Irish law well ahead of the 2007 deadline.

Full story on page.18



INVESTMENT FUNDS - LISTING ON THE CAYMAN ISLANDS STOCK EXCHNAGE
The Cayman Islands Stock Exchange (the “CSX”) commenced operations in July 1997 and currently lists more than 1,000 issues with aggregate capitalisation in

excess of US$80bn, including investment funds, specialist debt and derivative warrants. Investment funds represent some 85% of all listings and this

memorandum highlights the principal features that have attracted so many fund operators to the CSX. Full story on page.20



CAPTIVE INSURANCE BASICS - WHAT IS A CAPTIVE, AND WHY DO YOU WANT ONE?
Captive Insurance is a significant component of the financial industry of many offshore jurisdictions. Captive insurance companies are receiving increased

attention as insurance and finance industries turn to new alternatives for risk financing. Although captives are a relatively mature risk solution, many

businessmen have little understanding of how they operate or the knowledge necessary to evaluate the benefits for a particular situation. Even those who have

looked into them previously may not be aware of all the factors that affect the decision about whether or not to establish a captive. This article will

explore those factors, and provide a new perspective on evaluating this risk management solution. Full story on page.23



HONG KONG - MR JOSEPH YAM PROPOSES STRATEGY FOR MAINTENANCE OF THE STATUS OF HONG KONG AS AN INTERNATIONAL FINANCIAL CENTRE
In a speech titled “A financial development strategy for Hong Kong” delivered at the Pan-Pearl River Delta Financial Services Forum today (Thursday), Mr

Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, proposed a five-pronged financial development strategy for the maintenance of the status of

Hong Kong as an international financial centre: Full story on page.27



LABUAN IOFC RECORDS ANOTHER YEAR OF STRONG PERFORMANCE
Labuan International Offshore Financial Centre (IOFC), put up another strong performance last year, with expansion in all sectors, Bank Negara Malaysia (BNM)

Governor Tan Sri Dr Zeti Akhtar Aziz said. It recorded total income of RM18.5 million for the year ended Dec 31, 2005 compared with RM17.7 million in 2004

and a surplus of RM3.3 million versus RM3.8 million previously, she said when releasing the Labuan Offshore Financial Services Authority (LOFSA)'s 2005

Annual Report at a press conference here, Friday. Full story on page.29



NEW LAWS FOR COLLECTIVE INVESTMENT FUNDS IN DIFC
Legislation to regulate the managed funds industry within the DIFC has been enacted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai.The

Collective Investment Law 2006 was sponsored by the Dubai Financial Services Authority which has also issued detailed Collective Investment Rules. This Law

sets out the framework for regulating funds and permits the operation of various types and categories of collective investment funds in the DIFC including

property funds, Islamic funds, hedge funds, fund of funds and private equity funds. Full story on page.30



BAKER & MCKENZIE EXPANDS TRANSFER PRICING TEAM WITH THREE NEW SENIOR ADVISERS
Baker & McKenzie LLP announced that a team of three senior transfer pricing advisers have joined the Firm's Transfer Pricing Practice. Stephanie Pantelidaki,

Martin Zetter and Andrew Boyle have joined the Firm's London office alongside Richard Fletcher, the recently appointed Head of UK Transfer Pricing. Full

story on page.36



MOURANT NAMED CHANNEL ISLANDS FUND ADMINISTRATOR OF THE YEAR
Mourant has been named ‘Channel Islands Fund Administrator of the Year’ at the International Custody and Fund Administration awards in London. Mourant

becomes the inaugural winner of the award which was introduced for the first time at this year’s ceremony. The event took place at the Grosvenor House Hotel,

Park Lane on 22 February. Full story on page.37



FORTIS ACQUIRES HEDGE FUNDS SERVICES (BVI)LTD, BVI’S LEADING FUND ADMINISTRATOR
Fortis Merchant Banking announced that its fund servicing arm, Fortis Prime Fund Solutions, has acquired Hedge Funds Services (HFS), the largest fund

administrator in the British Virgin Islands (BVI). HFS is BVI’s largest independent full-service fund administrator. At the end of 2005 it had approximately

EUR 2 billion in Assets under Administration in 104 funds from 53 different fund managers, 90% of which are based in the US. These funds represent a variety

of investment strategies, including long/short equities, convertible arbitrage, event-driven and funds-of-funds Full story on page.38



CAYMAN CAPTIVE INSURANCE SECTOR CONTINUES GROWTHT
Cayman's captive insurance sector continued to grow in 2005, with 733 Cayman-licensed captives active at 31 December. This represents a six percent increase

from December 2004 when 693 captives were active. Captives are entities licensed to write non-domestic insurance business. During 2005, the Cayman Islands

Monetary Authority licensed 59 new captives, while 19 were cancelled. Full story on page.41



NEW CORPORATE ADMINISTRATION CERTIFICATION PROGRAMME TO SUPPORT BRITISH VIRGIN ISLANDS FINANCIAL SERVICES
The British Virgin Islands branch (‘Group’) of the UK Institute of Chartered Secretaries and Administrators (ICSA) announces the launch of the first ever

on-island certification programme for corporate administration. The programme, working with the Financial Services Institute at H. Lavity Stoutt Community

College (HLSCC), will offer both current and prospective ISCA members a course of lectures and examinations initially in the certificate areas of Offshore

Business Environment and Trust and Company Principles. Full story on page.43



OZANNES - FIRST GUERNSEY LAW FIRM TO OPEN IN JERSEY
One of the Island’s oldest established practices, has today announced that it will be opening a legal practice in Jersey and will be the first Guernsey law

firm to do so. The office, which will open in the autumn, will be headed by new partner and Jersey Advocate, Marcus Stone, who brings to the practice

extensive experience in commercial work. Full story on page.45

[TWD-Tony]

Although I am sure that the Offshore Business Magazine is a perfectly good read - please don't use this forum to index the editions.

THREAD CLOSED.