What are the possible advantages of an offshore pension fund, Accounting Basics

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Question 1:

‘A pension fund is an arrangement under which an organization makes financial provisions for its employees as well as its senior executives.'

(a) What are the roles of the various parties involved in an offshore pension fund?

(b) What are the possible advantages of an offshore pension fund?

Question 2:

(a) Elaborate on the usual structure of an offshore discretionary trust deed.

(b) Discuss the five trust accounting principles for offshore trusts.

(c) Explain the duties of the trustees in investment.

(d) Why the service of a trust protector may be required and what are the usual powers given to the protector?

Question 3:

(a) Distinguish between the benefits and problems of offshore ship registration.

(b) Elaborate on the registration procedures for a ship in an offshore centre.

(c) What do you understand by offshore limited partnerships? Elaborate on limited partnership as investment vehicles, protection vehicles and as a type of trust.

Question 4:

‘A captive insurance company is a corporate entity, which is created and controlled by a parent company, a professional association or a group of businesses.'

(a) Discuss the purposes of a captive insurance company.

(b) Differentiate between the possible advantages and disadvantages of an offshore captive insurance company.

(c) Elaborate on the regulation and supervision of an offshore captive insurance company.


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