Offshore Benefits

Privacy
Exchange of information is an important tool in fighting non-compliance with the tax laws in an increasingly borderless world. The Committee on Fiscal Affairs is working to improve exchange of information both from a legal and a practical perspective.
OECD Statement

In today’s shrinking world privacy is becoming harder and harder to maintain. The negative effects of the loss of personal privacy are increasing as information is more and more widely disseminated and available to a growing number of agencies and people.

One of the most significant benefits of a well established offshore structure is the preservation of individual privacy in a legal manner. The careful use of corporations, trusts, foundations and nominees can help you control all of your assets and yet maintain a discreet profile in the public eye and government records.

Tax Minimization
As the worlds governments extend their grasp for revenue, effective and legal tax minimization is a matter of ones economic self preservation.

As the European Union begins to expand its tax collection regime along the lines of the American tax collection regime ie. worldwide taxation on income, there has never been a stronger imperative for going offshore.

Asset Protection
Most offshore jurisdictions have a significantly enhanced view of the legitimacy of personal privacy. Likewise, most of these jurisdictions are nowhere near as litigious as the USA or even the UK. This translates into a significant narrowing of claimant remedies and options against resident trusts or corporations.

Most offshore jurisdictions provide for nominee directors, officers and shareholders under their internal laws. This option enhances the security of your assets immeasurably.

Offshore jurisdictions have traditionally been less than sympathetic to creditors “creative” claims and spurious allegations. If there is not solid evidence timely presented, the creditor has a very slim chance of going forward with its action.

By integrating offshore entities into a carefully considered and properly implemented asset protection program, you can indeed achieve the peace of mind sought after by so many and yet achieved by so few.

Estate Tax Reduction
By avoiding probate with inter vivos transfers you can minimize the impact or occurrence of the infamous “Death Tax”.

A good asset protection strategy will protect assets beyond the life of the initial beneficiary, fostering multi generational wealth preservation.

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