China outbound investment

Chinese non-financial companies made direct investments valued at US$8.5 billion in 974 overseas enterprises in 98 countries and regions around the world in the first quarter of 2011, Yao Jian, spokesperson for the Ministry of Commerce, announced on April 19. With the cumulative outbound direct investments from non-financial companies reached…

Seychelles signs seven TIEAs

On March 30, Seychelles signed 7 tax information exchange agreements (TIEAs) in one swoop with members of the nordic alliance - Norway, Denmark, the Faroe Islands, Finland, Greenland, Iceland and Sweden. This brings the Seychelles considerably closer to reaching the total number to eight. This brings the island closer to…

Cayman Islands reform their Offshore laws

The Cayman Islands passed three pieces of offshore legislation yesterday, with a goal of modernizing the industry. The largest reform was 13 new provisions added to the Cayman Companies Law, as well as amendments to the companion legislation. The changes address issues ranging from uncertainty over mergers to the transfer…
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