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W

Warrant
A special kind of option given by the company to holders of a particular security giving them the right to subscribe for future issues, either of the same or of some other security.

White Knight
A company which rescues another which is in financial difficulty, especially one which saves a company from an unwelcome takeover bid.

Withhholding Tax
Tax required to be deducted at source by companies paying interest, dividends or royalties, but which may in certain circumstances be reclaimed by the recipient or be reduced under a double taxation agreement/tax treaties.

World Bank
Formed to be the bank lender and technical advisor to the developing countries, utilizing funds and technical resources from the member nations.

Wirtschaftlich Beguenstigter
Person who is the ultimate beneficiary of a company or trust. This term is used in Switzerland and Liechtenstein.

Y

Yield
The return earned on an investment taking into account the annual income and its present capital value.  There are a number of different types of yield and in some cases different methods of calculating each type.


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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

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Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

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