When it comes to the protection of your business assets how can ‘going offshore’ benefit you?
From protection against excessive taxation to asset value improvement through the utilisation of international investment opportunities - that’s how!
A few years ago the option to run an offshore business was only available to the select few, today setting up an offshore company can be a relatively cheap undertaking and many people find they can run their businesses legally from an offshore location and in so doing, protect and benefit themselves and their assets.
A good introduction to the theme of investing offshore for asset protection is the following book from Amazon: -
Investing Offshore: Secrets of Asset Protection
Robert Forbush
Are crushing taxes and suffocating government regulations cramping your style?
Consider escaping these twin enemies of free enterprise in the shelter of an offshore tax haven.
Investing offshore shows you how to take advantage of the freedom and confidentiality that offshore financial centers offer and explains how and where to set up your assets beyond the reach of money-hungry bureaucrats and tax collectors.
Author Robert Forbush runs a thriving consulting business that sets up and manages offshore companies for people just like you. Here he shares such insider tips on establishing your offshore structure, including deciding how much money to stow away, opening an office, appointing trusted third-party directors to manage the operation and much more.
He also covers setting up a trust to protect your hard-earned cash in case you kick off suddenly while enjoying the good life with your new-found wealth. This book is your ticket to the idyllic offshore tax haven - one that will keep Big Brother out of your business and put an end to the piracy of your profits.
Click here to order a copy directly from Amazon!
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Many people have seen that it may be beneficial for them to run their business from an international position, increasing both profits and security and some of the primary reasons they have for choosing to go offshore are:
Tax Reduction
This is probably the most commonly considered advantage of going offshore, every business and individual will always be looking for legal ways to reduce their tax liabilities.
Tax can eat away at assets.
A properly structured offshore company or trust arrangement can significantly reduce the levels of an individual’s or business’ tax liability and protect the company’s assets from being whittled down through excessive and restrictive taxation.
Straight Asset Protection
The act of positioning company or individual assets beyond the reach of an opponent or prospective creditors is straight asset protection.
Asset protection is achieved by making assets unattractive or legally unobtainable by third parties.
Society grows increasingly litigious and more and more business professionals are at greater risk of legal action, therefore protecting one’s assets offshore can be very effective.
International Investment Opportunities
Currently there are many high return investment opportunities that are only available offshore.
For example many of the world’s stocks are traded from outside your country of residence; therefore there could be a significant advantage in trading offshore.
Specialist offshore tax consultants will be able to keep you informed about the latest developments and benefits of investing your assets internationally.
Greater Privacy
As developed countries continue to increase the levels of surveillance that their citizens are under more people are becoming concerned about the lack of personal privacy.
Moving business activities and assets to an offshore jurisdiction can help with individual privacy.
The privacy afforded will not protect those engaged in criminal activity and terrorism.
Estate Planning
With the continued increase in individual wealth more and more of us are at risk of loosing a considerable amount of our estate in income and excise taxes.
With well managed financial planning it is possible to reduce these liabilities and hand your estate’s assets to those that you want to with minimal tax and liability problems.
And remember, when it comes to asset protection, there is definitely an ‘offshore’ advantage!
