 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| DIFC Attracts Major Insurance Firm |
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, March 02, 2011
The insurance company Royal Shield has received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). The company, by virtue of its positioning, now has access to the Lloyds and regional reinsurance markets in the Middle East and Africa.
The DIFC, set up in 2004, has managed to persuade a large number of international banks and financial institutions to use the tax-free centre as a launching pad for operations across the Gulf. Clients currently include 16 of the world’s top 20 banks, eight of the world’s top 20 largest asset managers, four of the world’s five largest insurance companies and six of the top 10 global law firms.
Commenting on the newly formed office, Ravi Naidu, Royal Shield's Chief Executive Officer, said: "There are tremendous opportunities for a DIFC-based broker to enter the Middle Eastern and African insurance markets backed up three dimensional reinsurance support.
“I have spent the last 20 years listening to insurers in these regions telling me that they are not being properly served by insurance intermediaries and I am delighted that Royal Shield is now firmly established in the DIFC and able to assist these insurers."
Marwan Ahmad Lutfi, Deputy CEO and Head of Business Development at the DIFC, commented: "The economies of the region are rapidly developing, becoming increasingly sophisticated and interconnected with the rest of the world. This has given rise to the need for insurance and reinsurance services which conform to international standards of regulation and best practice. I am delighted that Royal Shield has identified DIFC as the ideal platform from which to operate their business and we look forward to supporting their business to develop and grow within the region."
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
