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Hong Kong Gazettes Its First TIEA, with the US

Hong Kong Gazettes Its First TIEA, with the US

May 15, 2014 8:55 pm

On 25th April, an order was gazetted in Hong Kong on the implementation of the tax information exchange agreement (TIEA) with the US. This agreement was signed back on 25th March this year, as part of the preparations for the US Foreign Account Tax Compliance Act in Hong Kong. A government spokesman said, ‚ÄúThis is […]

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Seychelles New FSA to Regulate Offshore Financial Sector

Seychelles New FSA to Regulate Offshore Financial Sector

April 8, 2014 9:37 pm

On 1st March 2014, under The Financial Services Authority Act 2013 the Seychelles International Business Authority (SIBA) changed its name to the Financial Services Authority (FSA), thus becoming the regulator for offshore non-bank financial services in the Seychelles. In the past, SIBA was also a service provider and facilitated international business, but the FSA represents […]

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All EU Citizens To Get UAE Visa On Arrival From March 22 1

Dubai gets $20b debt rollover

April 8, 2014 9:36 pm

Abu Dhabi: The Abu Dhabi Department of Finance and UAE Central Bank of the UAE on Sunday signed two separate agreements with Dubai Government to refinance a total of $20 billion in loans and bonds. The government of Abu Dhabi has agreed to refinance the $10 billion loan while the UAE Central Bank has also […]

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New York Replaces London as Top Financial Center

New York Replaces London as Top Financial Center

April 8, 2014 9:35 pm

New York, London, Hong Kong and Singapore have yet again topped the latest GFCI (Global Financial Centers Index), compiled by Z/Yen, with New York taking the lead. New York is in the lead of 83 jurisdictions with 786 points, having overtaken London (784) for the first time in seven years. The reputation of London has […]

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