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By Scott Lines, LOM Securities Limited Located 640 miles east of the USA,   Bermuda is an Atlantic island that provides superb access to all of the West major cities.  With daily flights to the island from New York, Boston, Atlanta, and Miami in the US, Toronto in Canada and London in the UK, Bermuda is at the flight crossroads of the West and immensely accessible. Our infrastructure is first class. Bermuda is the giant among the offshore jurisdictions in the Caribbean. A full British colony, originally settled in 1609, it became self governing in regards to domestic matters in 1620...

SPONSORED CONTENT 2020

Private jets are highly taxable and overregulated, unlessyou find the right offshore jurisdiction In the 1950s, when air travel was still a rarity, the jet set were those people who could buy a ticket from New York to Monaco on a whim. But half a century later jet travel has become common place, it only those with the spare cash to have their own jet on standby that the term jet set really applies. Up until now those people had been primarily Westerners as recently as last year China and Hong Kong had only 125 business jets operating within their...

SPONSORED CONTENT 2020

Bermuda is an internationally acclaimed offshore jurisdiction of impeccable standard that has earned the respect of the business world. Bermuda is the United Kingdom oldest overseas territory.  Due to its stable economy and political climate Bermuda has attracted quality international commerce to its shores for decades.  At present Bermuda boasts a US $ 6 billion economy and is home to the top international companies in the Insurance, Re-Insurance, International Finance, Trust and Corporate, Banking, Legal and Accounting industries. International Business is the backbone of the Bermuda economy. In December 2010, the Government of Bermuda signed a bilateral tax treaty in the...

SPONSORED CONTENT 2020

By Baron Laudermilk. As more Chinese people transform their lives from rags to riches, the purchasing of a yacht or an aircraft is becoming more of a reality. But registering one of these vehicles is not easy and requires paperwork and some knowledge of tax systems, the rule of law, location, and confidentiality issues. There are pros and cons to registering an aircraft or yacht in China, but there are other options overseas. Before buying an aircraft or a yacht in China, one should understand some of the rules that accompany them, and the benefits of overseas registrations. Onshore Aircraft...

YACHT & AIRCRAFT REGISTRATION NEWS 2020

By Leo Zhang. Richard Hu, who last year spent several millions to buy a fancy yacht, is considering a new purchase. This time, the 29-year-old entrepreneur hopes he can have a jet for short-term flight with his friends. Hu just took over his family business, which mainly deals with printing and packaging in Zhejiang Province, from his father. The family currently owns two yachts, three supercars and a raft of luxury sedans for leisure and fun. "When I was a boy, my dream was to fly in my own plane," said Hu, who has dozens of aircraft models sitting in...

2020

A Special Report on China's Yachting Industry. By James Zhang. North America is the world's largest yacht market with a share of 55.9 per cent. The United States alone produces approximately 20,000 leisure yachts per annum. There are some 1,100 yacht manufactures and more than 50 companies making marine engines and other components for them in the US with a workforce of over 500,000 staff. The unit price of most yachts sold in the US and Canada ranges from US$ 15,000 to 50,000, and the unit sales of big luxury yachts only accounts for 2.5% there. The European share of...

2020

Private jets are highly taxable and overregulated, unless you find the right offshore jurisdiction. In the 1950s, when air travel was still a rarity, the jet set were those people who could buy a ticket from New York to Monaco on a whim. But half a century later jet travel has become common place, it's only those with the spare cash to have their own jet on standby that the term jet set really applies. Up until now those people had been primarily Westerners - as recently as last year China and Hong Kong had only 125 business jets operating...

2020

Competition among offshore registries is heating up, for some unexpected reasons By Mark Godfrey. After years of being dominated by just a few players the maritime services industry is now transforming into a competitive market place which each offshore provider competing for an advantage. This increasing competition among open registries has caused many to focus on Asia, and China in particular. The leading open registries have offices or are opening offices to service clients in China. Most notably, the International Shipping Bureau in Shanghai serves as the Far East regional service center for registration under the Panama, St. Kitts and...

2020