Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- Preface
- List of abbreviations
- PART I The past
- 1 Linkages
- 2 The ‘Offshore’ environment
- 3 The service providers and the consumer (1)
- 4 The service providers and the consumer (2)
- 5 The significance of taxation
- 6 A description of regulatory and supervisory processes
- 7 The regulator and the regulatory authority
- 8 Money laundering
- 9 Some international organisations and groupings
- PART II The present
- PART III The future
- Appendix 1
- Appendix 2
- Index
4 - The service providers and the consumer (2)
from PART I - The past
Published online by Cambridge University Press: 21 August 2009
- Frontmatter
- Contents
- List of figures
- List of tables
- Preface
- List of abbreviations
- PART I The past
- 1 Linkages
- 2 The ‘Offshore’ environment
- 3 The service providers and the consumer (1)
- 4 The service providers and the consumer (2)
- 5 The significance of taxation
- 6 A description of regulatory and supervisory processes
- 7 The regulator and the regulatory authority
- 8 Money laundering
- 9 Some international organisations and groupings
- PART II The present
- PART III The future
- Appendix 1
- Appendix 2
- Index
Summary
The only certain means of success is to render more and better service than is expected of you, no matter what your task may be.
Introduction
The previous chapter introduced three interest groups – the ‘Offshore Centre’ itself, the service providers and the consumers.
The focus of the last chapter was on the ‘marketplace’, while this chapter considers the service providers and the consumers.
It might be useful to distinguish between ‘Offshore Services’ – meaning the services provided to non-residents of the ‘Offshore Centre’ – and the ‘Offshore Centre’ itself – that is, a jurisdiction characterised by (inter alia) a predominance of business that is non-resident. Financial centres like London and New York provide a vast range of services to non-residents – and therefore might be described as ‘Offshore’ finance centres. It is unlikely that either London or New York would refer to itself or regard itself as an ‘Offshore Centre’ – although it has been acknowledged in London that the City transacts substantial amounts of non-resident business (see section 17.1 below). This distinction impinges upon other parts of the text, in particular in sections 17.2 and 18.2 with respect to the UK and the USA.
The service providers
‘Offshore Centres’ need to attract service providers to establish a real presence in the jurisdiction and to process as much business as possible through that location.
- Type
- Chapter
- Information
- Offshore Finance , pp. 58 - 81Publisher: Cambridge University PressPrint publication year: 2006