It’s advantage Singapore over Cayman Islands as RBI eases investment rules for offshore funds
The RBI has allowed Indians to invest in offshore funds even in jurisdictions where the fund manager is regulated, bringing Singapore on par with jurisdictions such as the Cayman Islands. (moneycontrol.com) Singapore is set to emerge as the preferred jurisdiction over the current favourite Cayman Islands for outward remittances following the recent relaxation in rules by…
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