New Issue of Offshore Business Magazine

Manila, Philippines, August 06, 2006 --(PR.com)-- With issue 8, Offshore Business Magazine continues to provide essential reading for business-people, investors, expatriates and professional service providers all over the world, thanks to its premium editorial content written by experts with detailed knowledge of the offshore financial industry.

Here are some of the highlights in Offshore Business Magazine No. 8:

How to Set Up Your Own Hedge Fund: Traders and money managers often dream about one day running their own hedge fund, managing large sums of money, and competing head to head with the world’s top traders. For many, though, this dream remains unfulfilled, because they do not know where to begin and do not want to squander their resources “reinventing the wheel.”

The word “offshore” has a certain mystique to many. Offshore hedge funds are investment vehicles organized in offshore financial centers (“OFC”). OFCs are countries that cater to the establishment and administration of mutual and hedge funds (“funds”). Offshore funds offer securities primarily to non-U.S. investors and to tax-exempt investors (e.g. retirement plans, pension plans, universities, hospitals, etc.).

Asset protection with solid foundations: Trusts can be used to protect your assets and protect your loved ones. Trusts are a popular asset protection tool but they do have limitations, meaning they are not the best asset protection solution for all investors. Using a foundation as part of your wealth management strategy can provide additional protection and peace of mind not available with trusts.

Anonymous US Companies Undermine OECD Transparency Drive: US states are undermining a controversial initiative by the Organisation for Cooperation and Development (OECD) to track global financial data. By continuing to incorporate anonymously-owned companies for foreigners, the states are ignoring new international "transparency" standards even while their government demands that other countries adopt them.

Financial Centre - A Year in Review: Over the period since the Qatar Financial Centre officially opened for business, on 1 May 2005, a full programme of business development, marketing, recruitment of key staff and licensing of firms has been carried out. In the space of a year the Qatar Financial Centre Authority (QFCA) has moved from an ambitious concept into a fully operational and goal oriented organization. It is setting itself stretching targets and standards which are the equal to those of any world class financial centre, and has already gained a record of (and a reputation for) achievement well ahead of expectations.

Offshore Business Magazine was media sponsor of Cayman Islands Bankers’ Association Conference 2006 (www.caymanbankersconference.ky). The conference attracted over 120 senior-level executives from leading banks, financial services firms and industry leaders both from the Cayman Islands and internationally. This year’s theme, The changing face of banking, captures the dynamic development of the international banking sector over the past decade. Consolidation of many of the world’s largest banks, further synergies between banking and other key sectors such as mutual funds and insurance, among others and technological and regulatory developments have all resulted in changes in the international banking environment. In addition to its position in the international banking arena, the Cayman Islands position as the worlds’ top hedge funds domicile and as the second largest captive insurance centre in the world made it the ideal jurisdiction to reflect on the changing face of banking.

###

Note to editors:  

About Offshore Business Magazine: Offshore Business Magazine is a leading FREE digital publication that provides an end-to-end perspective on the offshore financial industry with unique in-depth content and market coverage.

The magazine covers a wide range of topics within offshore business sectors like: Law, Tax, Incorporation, Trust, Banking, Insurance, Funds, Wealth Management and Licensing across many offshore jurisdictions.

Every issue brings essential reading to business-people, investors, expatriates and professional service providers all over the world, largely thanks to its premium editorial content written by experts with detailed knowledge of the offshore industry. Every story in the magazine provides some element of utility, some lesson, example, insight, or bit of information you can gain from.
(www.magverlag.com)

Publisher: Offshore Business Magazine is published by Strong Media Corp. (www.strongmediacorp.com), a Manila-based media company, owned by John Enar Karlsson and Cecilia Hernandez. The very first issue of Offshore Business Magazine was published in May 2005 and is now published bi-monthly, in English and distributed online (www.magverlag.com) free of charge to more than 10 00 readers . (www.strongmediacorp.com)

Download:
Photo Library: http://www.magverlag.com/offshore/photos.php
Logo: http://www.magverlag.com/offshore/logos.php

Contact: If at any times you shall have any concerns or inquiries, please feel free to contact us at.
STRONG MEDIA CORP.
c/o Offshore Business Magazine
Governor’s Place T4,u4B Shaw Boulevard
Mandaluyong City, 1552 Manila