IIp3_0909.qxd 26/8/09 17:43 Page 3
September 2009
03
I nves tme nt
I NTE RNATI ONAL
Comment
Contents
Jonathan Ball, editor
4 News
T
his month’s issue of the magazine features the first in what
will be a series of supplements focusing on the international
Now is widely
7 Letter from America
property market. The first area to be covered is the Turkish
perceived as
The magazine’s north
Republic of Northern Cyprus, which recently celebrated its 35th
year of independence.
being a propitious
American correspondent
continues with his regular
This relatively unspoilt area boasts the highest growth rate in
moment to buy
series
the EU. The climate of North Cyprus is typically Mediterranean
with long dry summers and short rainy winters. Both the
property as prices
9 UK/USA tax comparison
President of the TRNC Mehmet Ali Talat and the Greek Cypriot
have declined
Leading investment law
Leader Dimitris Christofias have reaffirmed their commitment to
firm Withers LLP
a bi-zonal, bi-communal federation with political equality. This
recently, though
undertakes a comparison
partnership will have a Federal Government with a Turkish
as ever it is
of the UK and the US tax
Cypriot Constituent State and a Greek Cypriot Constituent State,
treatment of investments
which will enjoy equal status. almost impossible
Now is widely perceived as being a propitious moment to buy
property as prices have declined recently, though as ever it is
to accurately
12 International finance
How the high street banks
almost impossible to accurately predict if the market has reached predict if the
are putting the squeeze on
its nadir.
For up-to-the-minute information about all property issues
market has
overseas investors
please see one of Investment International’s sister publications
reached its nadir
15 Bupa International
www.propertywire.com.
Dr Sneh Khemka, Medical
The September issue of the magazine also includes the first of a
Director at Bupa
series of articles focusing on the Labuan International Business
International, continues
and Financial Centre in Malaysia. Clear legislation concerning
with the organisation’s
trusts and progressive regulation ensure that funds and assets are
articles on the medical
properly secured with a minimum of risk. The section of the
facts of life
magazine focusing on this important contributor to the
international investment community begins on page 25.
18 Property Focus on
On the domestic front, uncertainty continues with regard to
Northern Cyprus
employment levels, the housing market and the economy in
An in-depth analysis of the
general. No pundit or politician has been rash enough to predict
potential in what may
an end to the economic malaise, though some have sighted the
become a global property
first indications of the green shoots of recovery. My own view is
hot spot
that there is little indication of light at the end of the tunnel, and
there is every prospect of a further decline in economic prospects
25 Labuan IBFC
both domestically and internationally.
The first in a series from
Labuan International
Editor Issue 228: September 2009
Business and Financial
Jonathan Ball, 0207 490 0739
Centre
Jonathan@thepublishinggroup.co.uk
ADVICE TO READERS
Information carried in Investment International is
I nves tme nt
Head of PR & Events
checked for accuracy, but we recommend that you make
I NTE RNATI ONAL
Charlotte Sayer, 0207 490 0693
enquiries and, if necessary, take legal advice before
29 Comment and analysis
Charlotte@thepublishinggroup.co.uk
entering into any transactions. Any views or opinions
expressed in this magazine are solely those of the author
from Internaxx/Fortis
Publisher
and do not necessarily represent those of The Publishing
Group Ltd.
Marco Callegari, 0207 490 0703
Marco@thepublishinggroup.co.uk
All rights reserved in respect of all articles, drawings, pho-
tographs etc published in Investment International any- Printed in England by The Magazine Printing Company
31 Offshore Funds Tables
Managing Director
where in the world. Reproduction or imitations of these are Distributed by Norwood Mailing
Ramesh Sharma, 0207 490 0719
expressly forbidden without permission of the publishers.
Ramesh@thepublishinggroup.co.uk
Editorial contributions requiring an answer should be The text and
accompanied by a stamped self-addressed envelope. No cover papers
responsibility can be taken for contributions lost or dam- used in this
Subscriptions
aged in the post. Conditions of sale and supply: this period- publication are
Andrew Goldsmith, 0207 490 0622 ical is sold subject to the following conditions, namely that
sourced from
Andrew@thepublishinggroup.co.uk
it shall not without the prior written consent of the publish- sustainable forest products and are fully recyclable.
ers be lent, resold, hired out or otherwise disposed of in a
Head of Production
mutilated condition or in any unauthorised cover by way of
Melanie Jones, 020 8290 4999
trade or affixed to any advertising, literary or pictorial mat-
ter whatsoever. All advertising is subject to the terms of
melanie@em-jays.co.uk
our current rate card.
www.investmentinternational.com September 2009 Investment International
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36