The rapid growth of Europe's leading offshore centres has additionally galvanised the smaller centres. This is in contrast to onshore markets, which are struggling under the burden of increasing EU legislation
Traditional offshore centres have had a good year, with more investors coming round to their flexible fund and tax rules. They are on a roll, pulling in property and alternative asset funds by the dozen, much to the consternation of some onshore centres. In recent research, Lipper Fitzrovia reported excellent growth for Europe's leading offshore centres. Fund assets serviced in Guernsey were up 32% in the year to end June 2006. Jersey coat-tailed on global demand for property investment, with funds serviced reaching $154.2bn (£81.4bn) in the same period. Some 5,000 funds now call Dublin...
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