Noting that the Territory is emerging as one of the world's leading offshore financial centres,

10. The Territory remains one of the most important and sought after offshore financial centres.

Noting also that the Territory has emerged as one of the world's leading offshore financial centres,

Noting that the Territory continues to emerge as one of the world's leading offshore financial centres,

Also noting that the Territory continues to emerge as one of the world's leading offshore financial centres,

Not much is known about the impact of outward FDI from developing countries in offshore financial centres.

Bermuda is one of the world's leading offshore financial and business centres and the third largest insurance market.

At the same time, a significant share of the overall FDI from the South is related to offshore financial centres.

Noting also that the Territory continues to emerge as one of the world's leading offshore financial centres, with unprecedented growth in its financial and tourism services sectors,

Offshore financial centres in the region are not covered because they do not provide geographical breakdown by source of inward FDI stock.

Indeed, in many offshore centres local residents are not allowed to make deposits.

Noting that the Territory continues to emerge as one of the world's leading offshore financial centres, and that the financial services sector is becoming the cornerstone of the Government's recurrent budget,

3. According to a report featured in the quot Offshore Financial Review quot , a publication of the Financial Times of London, Bermuda remains a solid, respectable offshore financial centre.

Offshore financial centres have long been the centre of attention in addressing money laundering problems, in view of their potential use as safe havens for money launderers.

Between LAC and South, East and Southeast Asia Offshore financial centres in the Caribbean account for about 15 per cent of the FDI stock in Asia (table 3).

Conversely, there is virtually no investment from African countries in the LAC region, apart for a small amount of outward FDI from South Africa into offshore financial centres.

However, thanks to concerted international efforts, many offshore financial centres have already improved their practices by revoking the licences of shell banks or strengthening customer identification requirements for corporations.

For example, offshore financial centres including the Bahamas, Bermuda and the British Virgin Islands were host to for about 70 per cent of Brazil's total FDI outward stock in 2003.

International financial institutions operate in Bahrain, both offshore and onshore, without impediments.

As one of the world's premier offshore banking centres, the Bahamas was also determined to ensure that its banks and financial entities were well regulated and in compliance with international norms.

It can facilitate immensely activities such as export processing, offshore financial services and tourism.

The conference addressed strategic issues facing the offshore financial business in the 1990s. 29

The bulk of these investments (56 per cent of regional outflows in 2003) emanate from offshore financial centres, such as the British Virgin Islands and the Cayman Islands. The main other LAC source countries

Public campaigns at the national, regional and international levels have had considerable success in raising public awareness about the risks of using offshore financial centres that are not transparent in their structure and operations.

Aware that the Territory has one of the highest per capita incomes in the region, a stable political climate and has emerged as one of the world's leading offshore financial centres with virtually no unemployment,

Those relevant details are held by a financial institution in a foreign country, frequently offshore.

56. The banking and trust industry has expanded considerably since its inception in the Territory in the early 1960s and has transformed the Cayman Islands into one of the world apos s leading offshore financial centres.

Noting that the Territory continues to emerge as one of the world's leading offshore financial centres, and that the financial services sector is becoming the cornerstone of the Government's recurrent budget, accounting for over 50 per cent of government revenue, and also noting the establishment of the Financial Services Commission,

The financial arrangements by which the centres will be funded are critical to the success of such centres.

Noting the efforts of the territorial Government to promote the Territory as an offshore financial services centre,

It would then be possible to get offshore financial centers to cooperate by threatening to isolate them.

20. The Government places a high priority on the development of offshore financial institutions in the Territory.

Bermuda considers the high level of education of its inhabitants to be a major component of its comparative advantage relative to other offshore centres.

These centres should be strengthened, with adequate financial and human resources.

This is offshore.

It wishes to receive statistical data, disaggregated by nationality and length of detention, relating to persons held under such detention, including in offshore detention centres.

Noting the efforts of the Government of the Territory to promote the Territory as an offshore financial services centre,

III. OFFSHORE COMPANY REGISTRATION

Noting further the efforts of the Government of the Territory to promote the Territory as an offshore financial services centre,

Noting further the efforts of the Government of the Territory to promote the Territory as an offshore financial services centre,

In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index.

In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index.

Offshore Group of Banking Supervisors

Offshore Group of Banking Supervisors

These funds are largely tax exempt, often because they are registered offshore, although they operate from the world s major onshore financial centers.