At
one point or another, individuals and business owners start to think seriously
about ways to
reduce their tax liabilities or protect
their hard earned assets. Many people think such an idea
is only for the very wealthy or only for
criminals. Nothing could be more distant from the truth.
Smart business owners and individuals
have been using Offshore Trusts, Foundations and
International Business Companies (IBC)
very successfully for years. They have found a way
to securely protect themselves and gain
important tax beneifts in the process.
Part
of the problem is a lack of information. Your local account, attorney
or financial advisor
probably has no familiarity with such
structures. When you search the Internet, you find a number
of offshore services firms offering a
laundry list of service prices and often not much else.
In addition to that, you are naturally
concerned about the safety of your money and the firm you are
working with. You should be concerned
~ After all, it is your money.
If
you own a home, own a business or simply have accumulated liquid assets
over time, you probably
would benefit from an offshore foundation
or incorporated company. The key is to undertstand certain
terms and what the differences are between
structures and jurisdictions. You also need to compare
the firms or law offices that are advertising
offshore services. Many offer what we call a laundry list of
prices and services, and not much else.
Some will not be able to answer legitimate tax questions.
Some will try and convince you to use
their in house nominee directors completely, with the argument
that this is the only way to obtain true
protection. Many of these firms want you to place all of your money
into their own in house and unregulated
mutual funds or investments. Be interested, but be very careful.
We do
not act as nominee directors
~ We believe it is much better
to act as an advisor ~ Monitoring the
process for our client instead.
We do
not offer our own Offshore Mutual Funds
~ We believe
there are plenty of well known and well
run mutual fund companies in
the market today. Companies like
Fidelity Investments, GT Global,
Invesco, Baring Asset Management and many
more..........All offering
quality Offshore Mutal Funds.
We do
not act as signatories on a client's bank account.
It is your money ~ you should control
it. We will help you with a bank or
investment account ~ but the relationship
is between you and the bank
or investment firm. We believe this
is the way it should be.
|
|
|
About
the Use of Nominee Directors
Bahamas
~ Is it truly better in the Bahamas?
Forming
an IBC or International Business Company in the Bahamas
Forming
a Panama Company for Tax Benefits & Asset Protection
Forming
a Panama Foundation ~ Why this is the best alternative today to the Common
Law Trust
Investing
~ OffShore Mutual Funds
Offshore Banking ~ Today's Banking Environment