 |
|
|
 |
|
| |
|
| 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. |
|
|
| New Innovative Fund Establishes Operations In Guernsey |
by Jason Gorringe, Tax-News.com, London
Wednesday, November 25, 2009
Guernsey’s position as a jurisdiction of choice for new and innovative
funds has been strengthened with the launch of a new scheme that invests in
the collectables market, according to Guernsey Finance, the jurisdiction's investment promotion body.
Launched by investment advisory boutique Emotional Assets Management &
Research LLP (EAMR), the Guernsey-domiciled ‘Emotional Assets Fund 1 Limited’,
will invest in a diversified set of ‘Emotional Assets’ across some
15 sectors of the collectables market, from fine art and rare stamps to vintage
jewellery and rare manuscripts.
It is the first time that exposure to a broad and diversified range of 'emotional
assets' has been achievable via a single fund vehicle.
Kleinwort Benson has been appointed as the administrator and financial custodian
of the Guernsey Closed-Ended Authorised Fund, with Bedell Cristin as the Guernsey
legal advisor.
The Emotional Assets Fund 1 seeks to provide qualified investors with
an opportunity to achieve long-term capital appreciation. Its objective is to deliver a stable target growth rate
of 15% per annum, with predictable volatility – at the same time preserving
capital.
Bernard Duffy, Managing Director of EAMR, commented: “We chose to domicile
the fund in Guernsey as it is such a user-friendly jurisdiction; it has robust
legal system, a favourable tax neutral regime and excellent on-island administrators.
Kleinwort Benson has a good reputation within the alternatives market, with
specific experience in alternative asset classes, and has a hands-on approach
to bringing on clients which helps the whole process."
He added: “At a time when conventional investment wisdom is being challenged and
investors are questioning the investment merits of a range of assets, Emotional
Assets are emerging as a viable and mainstream asset class.”
A comprehensive report in our Intelligence Report series
giving a country-by-country analysis of offshore investment funds, stock exchanges
and trusts, with an analysis of the US QI regime, is available in the Lowtax
Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report9.asp
|
|
|
|
| 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
