With Offshore Banking you have a more secure and private way of holding money and assets. The U.S. Banks tend to share clients information with telemarketers for their marketing purposes. Offshore Banks can have criminal action for giving away information. There is convenience with Offshore Banking, they are safe and secure. Your banking risk is minimal. With banking in the United States, it is tax free to foreigners with tax free to us if we bank offshore.
Tax returns are protected by law from discovery and for asset protection, which is a private document. Private Offshore Banking involves the following countries:
- Bahamas
- Luxembourg
- British Virgin Islands
- Cook Islands
- Singapore
- Cayman Islands
- Isle of Man
- Turks and Caicos Islands
All of these islands market tourism, banking and trust companies. You will also want to make a global portfolio. There is so much growth potential. You want to diversify your portfolio and buy global assets.
Set up an offshore account in a Corporation name- that will hold title of the account. You have complete control through signature control. You can have control to trade and pull funds. You want to also designate your payments to an offshore officer. The tax consequences are neutral and you can pay taxes as you go, prepare proper structures and make safe legal decisions for asset protection. There are many ways to access funds from offshore accounts.
Most important in case of a court order and all assets are offshore, everything is private. There are short statues of limitations. Until the lawsuit is won, they cannot find out the amount of assets that are associated with you. You always want to work with an experienced law office for legitimate transactions. There is a Flight clause which can Move the case to another jurisdiction and also a Duress clause for if you are being ordered to turn over the assets, you are going to be disassociated with those assets. You want to designate a committee of trust protectors to handle the trusts, which should be mostly offshore.
