Sun, Jul 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: EU Directive refugees - Bright lights of Singapore beckon

Monday, October 05, 2009

amb
This article was written by Christopher P. Wells and Linda L. Ng. – Christopher P. Wells is a partner and Linda L. Ng is a counsel with White & Case LLP’s Tokyo and Hong Kong/Singapore offices, respectively.

The bright lights and relaxed lifestyle of Singapore beckon to EU fund managers who are contemplating seeking shelter from the proposed EU Directive on Alternative Investment Fund Managers currently under consideration by the European Parliament and the Council of the European Union. If the Directive is finalized by the end of this year, Member States may be required to implement it into national legislation by 2011.

On the tropical island of Singapore, fund managers (like many prior generations of “traders”) can escape further persecution from their European homeland regulators and the 50 percent UK tax rate for top earners. Indeed, Singapore will roll out the red carpet for them. A simple, user-friendly regulatory framework allows qualifying fund managers to set up shop in a few weeks. Singapore also offers attractive tax incentives, including tax exemptions for both offshore and onshore funds, a 5 or 10 percent concessionary tax rate for qualifying fund management companies, and a top personal income tax rate of only 20 percent. Moreover, Singapore has been ranked one of the best cities in the world in terms of quality of living. Thus, if you are an EU fund manager thinking of leaving Europe, you may want to check out sunny Singapore.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe