Offshore investing: Is the sun still shining?

Why do offshore asset management centres remain popular and can offshore investors thrive under renewed global regulatory pressure?

In conversation with a friend recently, I was surprised to hear him tell me that he was taking US citizenship. Nothing wrong with that of course, except that he has been a UK resident with non-domicile status for as long as I have known him. He has long enjoyed the ability to have investments held in offshore locations without any onshore tax consequences. But this is no longer the case, therefore moving his residency to the US, with all of its global earnings taxation is no longer a net loss. The collective countries of the EU are actively encouraging the movement of assets onshore usin...