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Dubai Woos North American Investors

Wednesday, March 10, 2010

The Dubai International Financial Centre (DIFC) on March 8 hosted a delegation from the American Chamber of Commerce Executives (ACCE), an association for chamber of commerce professionals in the United States and Canada, aimed at enhancing financial services synergies between the emirate and the two nations.

Abdulla Mohammed Al Awar, CEO of the DIFC Authority, received the delegation, which included Presidents, Chairmen and CEOs of Chambers of Commerce from across the US and Canada. DIFC officials made a presentation on the Dubai International Financial Centre and its offerings for the financial services industry, following which the delegation was led on a tour of the financial district.

Abdulla Mohammed Al Awar, said: “The United Arab Emirates has had a strong and enduring relationship with both the US and Canada based on mutual political, economic and financial interests. With the global economy undergoing a transformation, we have an opportunity to redefine and enhance this relationship. The visit of the ACCE delegation gave us an opportunity to discuss areas of potential new synergies in the economic domain especially in financial services and capital markets. The investments made by the Nasdaq OMX Group and the CME Group in Dubai’s capital market institutions and the presence of many leading North American financial services companies in the DIFC have already created strong linkages between our two regions. We eagerly look forward to further strengthening this relationship.”

Eng Hamad Buamim, Director General of Dubai’s Chamber of Commerce & Industry said that the Chamber is keen on showcasing the real picture of Dubai’s economy to the visitors who will get a first-hand account of the opportunities available in the active sectors of trade, exports, logistics and financial services as well as the supporting sectors of tourism and real estate. He said:

“Dubai’s economy is full of investment opportunities in many sectors and as the US investors are looking at emerging markets to expand their business activities, Dubai provides the ideal destination for their investments due to its geographic location, world class infrastructure and competitive advantage.”

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees




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