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3/8/2010
Monday morning
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| An offshore global investor can use both onshore and
offshore institutions to invest abroad. Consider two
problems for onshore investors. Fidelity Investments (the
giant mutual fund company founded in Boston) runs funds
based in Europe. Fidelity CANNOT legally advertise these
offshore funds in America, and Americans CANNOT directly
purchase these offshore Fidelity funds. As a second
example, British investors can buy superior offshore
hedge-funds, which are NOT available directly to
Americans. If an American writes an offshore fund for
information, the fund typically throws the request in the
trash can. If an American wants the same free choices as |
| The first step is do a little homework. Youll save
yourself a lot of time, frustration, and money by doing a
little research. My book, Computer Privacy Handbook
(Publisher at 800-283-9444), describes onshore dangers
and privacy solutions in our computer Surveillance Age.
You can find my book, plus several excellent books about
offshore investing, at better bookstores and via the
Internet at http://www.amazon.com. The second step is to
contact an offshore professional to be sure your actions
are legal and tax compliant. For specific referrals, you
can contact me at . |
| Leading International Financial Centers include the
Bahamas, Bermuda, British Virgin Islands, Cayman Islands,
Channel Islands, and the Isle of Man. These locales are
very investor-friendly. The geographically tiny Caymans
(south of Cuba) are, as measured by total bank deposits,
the fourth largest financial center, after New York,
London, and Tokyo. Multi-national banks, corporations,
and accounting firms maintain offices in these centers.
American Express is virtually everywhere. These offshore
havens are also popular for high net worth individuals,
who maintain bank, trust & securities accounts. |
| [This article offers an overview of offshore investing.
This educational document is not intended to provide
legal, tax, or investment advice. You may distribute this
FAQ (in unaltered form) for non-commercial purposes. You
may, also, link your web site to this FAQ, which is at
.] |
| Literally, offshore means off or away from the shore. The
Channel Islands are offshore from England and France;
while the Bahamas are offshore from the United States.
Offshore is also used to mean foreign. Swiss banks are
offshore relative to Americans residing in Chicago;
whereas American banks are offshore relative to Swiss
living in Zurich. |
|
