Scope Of Offshore Operations And Transactions
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Offshore Provision of International Services
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A large number of banks located in IOFCs offer trust services. In addition, there
are trust companies specifically offering trust services.
Services offered by banks and trust companies normally include a fairly wide range
of trusteeship, management, and related services. The trusteeship services involve
not merely acting as trustee of settlements but many other services such as acting
as trustee for debenture holders or as custodian trustee for pension funds, acting
as the executor or administrator of estates, including acting as the attorney for
foreign executors, etc.
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Headquarters, Administrative Offices, Management Companies
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Headquarters offices may be defined as offices that belong to an enterprise or an
international group of enterprises that are situated abroad and that exercise certain
management, co-ordination, and control functions for the sole or principal benefit
of the enterprise or group.
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Co-ordination Centers
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Co-ordination centers were originally developed in Belgium and are now found in
other jurisdictions such as the Netherlands and Luxembourg.
Operating through a co-ordination center allows multinational groups to carry out
a large variety of financial and management services on a virtually tax-free basis.
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Offshore Licensing
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Technology that can be the subject matter of licensing covers all forms of industrial
enterprise. It embraces industrial property that may be protected by patents, trademarks,
etc., as well as technology that cannot be patented.
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Offshore Insurance
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The term captive insurance company is used to refer to an insurance company that
is owned (directly or indirectly) by a non-insurance commercial company and exclusively
insures or reinsures the risks of the parent company and/or its affiliated companies.
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Offshore Funds and International Investment Trusts
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An offshore fund is generally an investment company, unit trust (a trust in which
the investing public are the beneficiaries), mutual fund, or other entity usually
incorporated and resident in an IOFC. The fund may be open-ended or closed.
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Offshore and Foreign IPO Strategies
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The surge in cross-border initial public offerings (“IPOs” or listings) on offshore
and foreign exchanges creates the opportunity to access hitherto untapped financial
markets.
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Prev - Offshore Banking Operations
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