Comments on: Asia’s best kept secret

By: Stefan

Stefan — Sat, 12 Dec 2009 14:02:05 +0000

Mahesh,

I got an account at DBS but they do not give any information about bankruptcy protection. Do you know about it? Do you prefer other Sing banks? Any idea for a safe deposite box in Sing?
Stefan

By: Alexander

Alexander — Sun, 27 Sep 2009 00:50:12 +0000

Hi have you tried dong business with some one in a tax free haven like the Bahamas. The process is very different. Hit me up on the email.

By: tws

tws — Sun, 20 Sep 2009 08:41:29 +0000

Prospects in Labuan appear to be very interesting at the very least. It does sound like a few other unknown places around the globe. Send any and all information to me and in return let me know what you would like to advertise.

Best regards,

By: santosh

santosh — Tue, 15 Sep 2009 10:02:51 +0000

try mauritius island.similar facilities to labuan.
see mcb.co.mu

By: CaribFinance

CaribFinance — Tue, 15 Sep 2009 04:03:13 +0000

actually mr. black i agree with your opinion entirely; Cayman is just a pawn of the US government and its bankers simply instruments of the interna l revenue svc. i jumped from DR to cayman to bvi and now looking into lauban very seriously. Can you recommend a good trust co?

By: NHB

NHB — Mon, 14 Sep 2009 17:39:17 +0000

Amazing your comment on the Cayman Islands those people are competent and professional and we don’t consider them ninnies in suits, what a unfair piece of reporting you are doing

By: Mahesh

Mahesh — Mon, 14 Sep 2009 13:29:27 +0000

Hi Larry, I figure we could talk

By: Mahesh

Mahesh — Mon, 14 Sep 2009 13:27:31 +0000

Michael,

Singapore is far better option than the other ones you mentioned. Being a Singaporean and well travelled in the world, I reckon I have earned it to draw a comparison.

So far, I have worked in the USA, Mexico, Chile, Netherlands, Switzerland, Saudi Arabia, India, China, Thailand, Hong Kong and of course, Singapore.

The maturity of legal system here is comparable to USA. There is no other place in Asia you can claim to come even close of 50% of it.

Mahesh

By: Chumbawamba

Chumbawamba — Sun, 13 Sep 2009 06:37:17 +0000

Ditto what freedomoffshore-dot-com asked ;)

By: TEH

TEH — Sat, 12 Sep 2009 05:47:33 +0000

Sounds like we need a Black Paper on Labuan too. I’d like to hear more about trust companies and banking/brokerage.

By: freedomoffshore-dot-com

freedomoffshore-dot-com — Fri, 11 Sep 2009 21:25:55 +0000

Simon:

Did you come across any bank in Labuan that would allow a person or company abroad to open up an account by correspondence without a personal visit?

I already have a thoroughly checked out offshore services provider in Labuan but if you knew of a bank there that would not require a personal visit to open up a personal or company account then I believe that is something your subscribers could benefit from.

In much prosperity, FREEDOM

By: Larry Ortega

Larry Ortega — Fri, 11 Sep 2009 02:52:48 +0000

Dear Simon:

I’ve got an offshore hedge fund that is formed around Peak Oil. Do you think that you and Christine might have contacts that would be interested in deep value energy investments?

We are looking for someone to team with us in Asia. Would you be interested?

Feel free to contact me anytime.

By: offshore biz

offshore biz — Fri, 11 Sep 2009 01:50:06 +0000

Hi Simon. Definitely interested in service providers. Labuan sounds very offshore business friendly. I would be particularly interested in any local brokerages that offer decent online futures trading platforms. It can be frustrating as a US citizen when I want to partner with non-US partners. If we look at a US LLC structure or something similar, the non-US folks are often dragged into the American tax net even if they are not US persons and live in jurisdictions that have no tax. The joy of effectively connected income.
Thanks for scoping out Asia for all of us. I look forward to my “Simon” update every day. Please feel free to email me any info you feel appropriate. Best regards!

By: francesco

francesco — Thu, 10 Sep 2009 21:53:20 +0000

Yes, it is interesting. Hasn’t Malaysia blocked all foreign money inside the country a few years ago? It was after the Asian crisis. Did that block affect Labuan as well?

It would be a major problem to use a banking center that blocks your money when you most need it.

By: Michael

Michael — Thu, 10 Sep 2009 19:34:21 +0000

Hi Simon,
Yes, I am interested in service providers in Labuan, Singapore, and Hong Kong.
Regards

By: T Crown

T Crown — Thu, 10 Sep 2009 18:58:09 +0000

Simon,

I have been hearing a lot lately about Labuan – but no one has delivered any contacts on it in regards to banking, entities, contacts, etc.

Would be nice if you could put some together.

T Crown