Put simply...an offshore company is the best tool you can buy in your lifetime to protect your assets. Its for keeping your private business private, and for doing your daily business privately as well as tax-free.
In summary:
* Asset protection
* Privacy / anonymity
* Global investing
* Minimising taxation
* Simpler business administration and less bureaucracy
Small and large international trading businesses are often based offshore, in order to minimise taxes and duties.
Savvy self-employed professionals own offshore companies through which they invoice their clients.
And for personal protection millions of people incorporate offshore companies with no desire to engage in any trading whatsoever, the offshore companies are set up to safeguard private assets from third parties.
An offshore company is able to own any assets that an individual can, including cash, securities, real estate and all varieties of financial instruments.
At the same time, however, the identity of the owner of the company itself can be protected by offshore legislation or even remain completely anonymous. This enables the individual to retain control over his/her assets yet makes it impossible for third parties to link the assets in question to the ultimate beneficial owner.
Assets held in an offshore jurisdiction, are more secure against predatory governments and unjustified lawsuits than assets held by the individual in his home jurisdiction. Professionals who work in fields such as medicine, find themselves much less stressed with their hard earned funds comfortably banked offshore out of reach of potential litigants.
Many different types of financial instruments including shares, bonds, commodities and others can be held through an offshore company.
Investments made through an offshore company usually avoid being subjected to tax on investment income. If a country's legislation prohibits the freedoms of certain types of overseas investment opportunities, then investing through the offshore company gives the owner back his freedom.
To avoid inheritance tax, capital gains tax and death duties buying overseas property through an offshore company is a powerful strategy. The sale is made through the transfer of shares within the offshore company, with further savings on legal and transfer fees.
Offshore companies are not only for wealthy companies and individuals these days, but for anyone seeking to reduce their taxation or protect their hard-earned assets.
Forming an offshore company and an offshore bank account is inexpensive and easy, with our friendly staff on hand to assist you with your application. Contact us at BankerTrust@gmail.com
We offer valuable information which includes obtaining a Passport, offshore accounts and company formation
Wednesday, January 14, 2009
Tuesday, January 13, 2009
If You Are a US Citizen, the Time to Get Your Dominican 2nd Passport is Now!
The Infamous "Expat Tax" Moves a Step Closer to Reality ... it appears 2009 could be the year when the Democrat controlled United States Congress imposes an "exit tax."
This official "exit tax" would apply to both U.S. citizens and long-time resident aliens who decide they want to leave America permanently.
Policymakers slipped this horrendous restriction into a popular military pension/pay bill, (without hearings or public notice, I might add), so insiders say President Bush may actually sign it into law.
This outrage is happening despite the protections in the U.S. Constitution. The Constitution guarantees the right to voluntarily end your U.S. citizenship. It also grants you the right to live and travel abroad freely and acquire and enjoy second citizenship from other nations.
Furthermore, the U.S. Supreme Court has confirmed every one of these basic rights. (Even the U.N. Charter affirms these rights and in 2004 the European Court of Justice overruled a similar French exit tax because it violated the EU treaty on human rights.)
Indeed this confiscatory exit tax harkens back to Adolf Hitler's notorious departure taxes that stripped Jews of their property before they were allowed to escape from Nazi Germany. It also brings to mind similar oppressive laws to those fleeing Stalin's Communist Soviet Union and apartheid-era South Africa.
Civil Liberties Be Damned
If the so-called Democrat Party "liberals," who supposedly advocate civil rights and liberties, can impose such an oppressive exit tax, what will happen when Democrats take control of both the presidency and Congress? (And are the Republicans much better?)
Could United States citizens and legal residents suddenly find their right to travel, their freedom to live in other countries restricted, or even forbidden? Could such a government also impose currency exit controls and other extreme measures?
Europeans Already Have Trouble Entering the U.S.
If you think travel restrictions on citizens leaving America are unlikely, check what's happening to Europeans trying to come into the United States.
"Europeans traveling to America could face travel restrictions because of concerns about terrorism, the U.S. head of homeland security said." reports The Guardian. "Michael Chertoff told the BBC that the U.S. increasingly saw Europe as a 'platform' for a terrorist attack and he blamed the current visa waiver program for European citizens as a reason for America's vulnerability."
Under Chertoff's plan, Europeans and others who now can enter the U.S. for 90 days without a visa would be required to notify the U.S. government 72 to 48 hours before they board their flights.
The Chertoff idea, (which the Democrat Congress has already authorized), is to exclude people who pose a possible terrorist threat to its U.S. citizens. That's all well and good, but it would not take much to expand exclusion from the U.S. for "terrorism" to include a host of other supposedly dangerous and "preventable" alleged crimes - even financial crimes.
Then this exclusion principle could be turned around and used to forbid Americans to travel abroad for various official reasons.
Government Already Use Passports as Privileges - Not Rights
The U.S. government already uses your passport to restrict your right to travel, rather than to guarantee it. The government can restrict your passport use if you fall behind on paying your taxes, or if you fail to report worldwide income and assets.
Already the United States can deny a passport simply for being in debt to the Internal Revenue Service, due to problems with federal government agencies or because you may owe more than US$2,500 in back payments for court ordered child support.
All this means that you better get your financial house in order now and if you’ve been considering a second passport, start the process now, while you still can.
This official "exit tax" would apply to both U.S. citizens and long-time resident aliens who decide they want to leave America permanently.
Policymakers slipped this horrendous restriction into a popular military pension/pay bill, (without hearings or public notice, I might add), so insiders say President Bush may actually sign it into law.
This outrage is happening despite the protections in the U.S. Constitution. The Constitution guarantees the right to voluntarily end your U.S. citizenship. It also grants you the right to live and travel abroad freely and acquire and enjoy second citizenship from other nations.
Furthermore, the U.S. Supreme Court has confirmed every one of these basic rights. (Even the U.N. Charter affirms these rights and in 2004 the European Court of Justice overruled a similar French exit tax because it violated the EU treaty on human rights.)
Indeed this confiscatory exit tax harkens back to Adolf Hitler's notorious departure taxes that stripped Jews of their property before they were allowed to escape from Nazi Germany. It also brings to mind similar oppressive laws to those fleeing Stalin's Communist Soviet Union and apartheid-era South Africa.
Civil Liberties Be Damned
If the so-called Democrat Party "liberals," who supposedly advocate civil rights and liberties, can impose such an oppressive exit tax, what will happen when Democrats take control of both the presidency and Congress? (And are the Republicans much better?)
Could United States citizens and legal residents suddenly find their right to travel, their freedom to live in other countries restricted, or even forbidden? Could such a government also impose currency exit controls and other extreme measures?
Europeans Already Have Trouble Entering the U.S.
If you think travel restrictions on citizens leaving America are unlikely, check what's happening to Europeans trying to come into the United States.
"Europeans traveling to America could face travel restrictions because of concerns about terrorism, the U.S. head of homeland security said." reports The Guardian. "Michael Chertoff told the BBC that the U.S. increasingly saw Europe as a 'platform' for a terrorist attack and he blamed the current visa waiver program for European citizens as a reason for America's vulnerability."
Under Chertoff's plan, Europeans and others who now can enter the U.S. for 90 days without a visa would be required to notify the U.S. government 72 to 48 hours before they board their flights.
The Chertoff idea, (which the Democrat Congress has already authorized), is to exclude people who pose a possible terrorist threat to its U.S. citizens. That's all well and good, but it would not take much to expand exclusion from the U.S. for "terrorism" to include a host of other supposedly dangerous and "preventable" alleged crimes - even financial crimes.
Then this exclusion principle could be turned around and used to forbid Americans to travel abroad for various official reasons.
Government Already Use Passports as Privileges - Not Rights
The U.S. government already uses your passport to restrict your right to travel, rather than to guarantee it. The government can restrict your passport use if you fall behind on paying your taxes, or if you fail to report worldwide income and assets.
Already the United States can deny a passport simply for being in debt to the Internal Revenue Service, due to problems with federal government agencies or because you may owe more than US$2,500 in back payments for court ordered child support.
All this means that you better get your financial house in order now and if you’ve been considering a second passport, start the process now, while you still can.
- Secrets of a Second Passport -
If you are concerned about the troubles facing the United States right now, you must read this message now.
It's clear the U.S. has gone from a great country to one suffocating under its own excess. Corrupt politicians … burdensome social welfare … financial crisis … costly wars … debt. It seems the problems are insurmountable.
And the only real question left is – are these problems going to bury you too? Or are you going to ensure a bright and safe future for you and your family?
We don’t bring this up to scare you. Instead, the reason we are writing this is to call your attention to something that can be of enormous benefit to you … a second passport.
The reason why we recommend a second passport is because it gives you OPTIONS. Options when your home government robs you of your rights and freedoms. Options if financial crisis threatens the standard of living you’ve worked so hard for. And – in the worst case scenario – options for ensuring the physical safety and well being of your family.
History is filled with stories of very wealthy and important people who have used a second passport as an Utimate Escape plan. Albert Einstein escaped Germany and retained his Swiss citizenship until his death in 1955. And seven of the current Iraqi ruling party have second passports. (Why do you think they need one?)
And now you can join them.
This was an outstanding decision to get a 2nd passport in every way. I now have a concrete plan to set up the long-term framework for my family’s future. I appreciate the opportunities now open beyond the U.S. borders.
- Mark Collins. Ct.
This 2nd passport is very valuable to me. It presents me with viable solutions to a future of uncertain events. It has helped my family to re-assess our goals going forward.
- Pat Jones. Orlando, FL
If you act now, you won’t pay anywhere near the $100,000 price tag for this valuable tool. We can secure you a 2nd Passport from the Dominican Republic economically. This is an important credential for travel, financial security or as a first step to a residence outside of the U.S.
If you are serious about protecting yourself and your family from the threats faced today, we urge you NOT take this blog lightly.
Email us: BankerTrust@gmail.com
P.S. A second passport can also keep you safe during international travel in “unfriendly” countries. Over the Thanksgiving holiday, terrorists attacked the Taj Mahal Hotel in Mumbai, India singling out people with American passports. What would a second passport be worth to you in that situation?
If you are concerned about the troubles facing the United States right now, you must read this message now.
It's clear the U.S. has gone from a great country to one suffocating under its own excess. Corrupt politicians … burdensome social welfare … financial crisis … costly wars … debt. It seems the problems are insurmountable.
And the only real question left is – are these problems going to bury you too? Or are you going to ensure a bright and safe future for you and your family?
We don’t bring this up to scare you. Instead, the reason we are writing this is to call your attention to something that can be of enormous benefit to you … a second passport.
The reason why we recommend a second passport is because it gives you OPTIONS. Options when your home government robs you of your rights and freedoms. Options if financial crisis threatens the standard of living you’ve worked so hard for. And – in the worst case scenario – options for ensuring the physical safety and well being of your family.
History is filled with stories of very wealthy and important people who have used a second passport as an Utimate Escape plan. Albert Einstein escaped Germany and retained his Swiss citizenship until his death in 1955. And seven of the current Iraqi ruling party have second passports. (Why do you think they need one?)
And now you can join them.
This was an outstanding decision to get a 2nd passport in every way. I now have a concrete plan to set up the long-term framework for my family’s future. I appreciate the opportunities now open beyond the U.S. borders.
- Mark Collins. Ct.
This 2nd passport is very valuable to me. It presents me with viable solutions to a future of uncertain events. It has helped my family to re-assess our goals going forward.
- Pat Jones. Orlando, FL
If you act now, you won’t pay anywhere near the $100,000 price tag for this valuable tool. We can secure you a 2nd Passport from the Dominican Republic economically. This is an important credential for travel, financial security or as a first step to a residence outside of the U.S.
If you are serious about protecting yourself and your family from the threats faced today, we urge you NOT take this blog lightly.
Email us: BankerTrust@gmail.com
P.S. A second passport can also keep you safe during international travel in “unfriendly” countries. Over the Thanksgiving holiday, terrorists attacked the Taj Mahal Hotel in Mumbai, India singling out people with American passports. What would a second passport be worth to you in that situation?
Friday, January 9, 2009
Dual Citizenship is one of the many steps you can take to increase your own sovereignty and security in an uncertain world.
There's a new U.S. "citizenship test" and it focuses on the concept of democracy.
Any non-citizen submitting a U.S. citizenship application on or after October 1, 2008 will have to answer questions such as:
"What are two ways that Americans can participate in their democracy?"
"What does the Constitution do?"
Anyone who wants to apply for naturalization will have to answer 10 of a possible 100 questions. To pass, they must correctly answer at least six. We're told that CIS bureaucrats revamped the test to emphasize American democracy concepts, rather than just facts about history and government.
What Does Your Citizenship Really Mean?
It's not something most of us think about much, but let's examine the elements of citizenship and also what your passport really means. (Less than 30% of Americans have passports, a fairly low number.)
Citizenship can be loosely defined as the legal relationship between you and the sovereign nation in which you live. That status is defined by the law of each nation, conferring or limiting your duties and rights.
Usually, you acquire your citizenship just by being born in a specific nation, or from your parent(s) citizenship. Only through the formal process of citizenship acquisition, called naturalization, can you legally acquire the right to a second or alternative citizenship.
Second Passports: Your Travel Contingency Plan
The English political philosopher Edmund Burke (1729-97) observed in another time: "Early and provident fear is the mother of safety." His words of caution are still good advice for world travelers today.
Safety means travel using a national passport that keeps the bearer as far away as possible from controversy. This can be difficult if you carry a U.S. passport. Travel in the Middle East, the Balkans, parts of Russia or Asia using a U.S. passport may mean you're a target for terrorism.
But there are even more attractive reasons to obtain a second passport. Holding a passport from any of the 27 European Union nations gives you the valuable right to live, work and do business in every one of those EU nations.
You can secure a second passport based on your ancestry, particularly if your parents or grandparents were born in nations such as Ireland, Italy, Poland or even the United Kingdom. If you can afford it, you can also secure a second citizenship at a price from the Dominican Republic.
Contrary to popular belief, you don't have to give up your current U.S. passport if you do acquire a second passport. U.S. law supports your right as an American to enjoy dual citizenship.
Why Passports Are Now Traveling in Two Different Directions
Today, the world's passport requirements are moving in opposite directions. Some are becoming more liberal and others more rigorous.
With the advent of the European Union, national borders of 27 nations have fallen. Over 400 million people within the EU are able to travel freely without having to show individual national passports.
On the other hand, the 9/11 attacks have caused the U.S. government - and many other nations - to tighten formerly easy visa rules for foreign visitors. Eventually most visitors to America will be forced to have digital, biometric passports with detailed personal and physical information readable by computers. The EU and the UK are adopting similar passport standards.
Another restrictive development is the denial of passports for a host of civil and other wrongs. In the U.S. any parent in arrears for US$2500 or more in child support loses his or her passport. Then too, the U.S. government keeps a computerized record of every exit and entry a U.S. passport holder makes, together with the nations visited.
In an unsettled world, acquiring a second citizenship is a wise decision. It's an investment in your future. Your second citizenship will last a lifetime, and that protective shield can be extended to your spouse and children as well.
Please contact us at BankerTrust@gmail.com where we can assist you in obtaining a second passport from the Dominican Republic.
Any non-citizen submitting a U.S. citizenship application on or after October 1, 2008 will have to answer questions such as:
"What are two ways that Americans can participate in their democracy?"
"What does the Constitution do?"
Anyone who wants to apply for naturalization will have to answer 10 of a possible 100 questions. To pass, they must correctly answer at least six. We're told that CIS bureaucrats revamped the test to emphasize American democracy concepts, rather than just facts about history and government.
What Does Your Citizenship Really Mean?
It's not something most of us think about much, but let's examine the elements of citizenship and also what your passport really means. (Less than 30% of Americans have passports, a fairly low number.)
Citizenship can be loosely defined as the legal relationship between you and the sovereign nation in which you live. That status is defined by the law of each nation, conferring or limiting your duties and rights.
Usually, you acquire your citizenship just by being born in a specific nation, or from your parent(s) citizenship. Only through the formal process of citizenship acquisition, called naturalization, can you legally acquire the right to a second or alternative citizenship.
Second Passports: Your Travel Contingency Plan
The English political philosopher Edmund Burke (1729-97) observed in another time: "Early and provident fear is the mother of safety." His words of caution are still good advice for world travelers today.
Safety means travel using a national passport that keeps the bearer as far away as possible from controversy. This can be difficult if you carry a U.S. passport. Travel in the Middle East, the Balkans, parts of Russia or Asia using a U.S. passport may mean you're a target for terrorism.
But there are even more attractive reasons to obtain a second passport. Holding a passport from any of the 27 European Union nations gives you the valuable right to live, work and do business in every one of those EU nations.
You can secure a second passport based on your ancestry, particularly if your parents or grandparents were born in nations such as Ireland, Italy, Poland or even the United Kingdom. If you can afford it, you can also secure a second citizenship at a price from the Dominican Republic.
Contrary to popular belief, you don't have to give up your current U.S. passport if you do acquire a second passport. U.S. law supports your right as an American to enjoy dual citizenship.
Why Passports Are Now Traveling in Two Different Directions
Today, the world's passport requirements are moving in opposite directions. Some are becoming more liberal and others more rigorous.
With the advent of the European Union, national borders of 27 nations have fallen. Over 400 million people within the EU are able to travel freely without having to show individual national passports.
On the other hand, the 9/11 attacks have caused the U.S. government - and many other nations - to tighten formerly easy visa rules for foreign visitors. Eventually most visitors to America will be forced to have digital, biometric passports with detailed personal and physical information readable by computers. The EU and the UK are adopting similar passport standards.
Another restrictive development is the denial of passports for a host of civil and other wrongs. In the U.S. any parent in arrears for US$2500 or more in child support loses his or her passport. Then too, the U.S. government keeps a computerized record of every exit and entry a U.S. passport holder makes, together with the nations visited.
In an unsettled world, acquiring a second citizenship is a wise decision. It's an investment in your future. Your second citizenship will last a lifetime, and that protective shield can be extended to your spouse and children as well.
Please contact us at BankerTrust@gmail.com where we can assist you in obtaining a second passport from the Dominican Republic.
How you would react if the country you live in now became a war zone? Would the authorities allow you to leave your own country? Or, as in Gaza, would you become a virtual prisoner? Further, what would you do if your own country – or an authority controlling access to it – wouldn't allow you to return home?”
The easiest way to get your ‘travel insurance, “The least expensive option is to obtain citizenship from Dominican Republic. Under this country's citizenship program, you can acquire citizenship and passport simply and easily. Total costs, including all fees for a single applicant, come to about US$24,900. Dominican passport holders can travel without a visa, or obtain a visa upon entry, to many countries and territories.
Other than giving you an "exit strategy" in case of domestic unrest, having a second passport and dual citizenship has numerous additional benefits: It can expand your travel possibilities, reduce your profile to terrorists, give you the right to reside in other countries, and give you a way to cross international borders if your primary passport is lost or stolen. For Americans, a second passport has another benefit: It is an essential prerequisite to expatriation; i.e., giving up U.S. citizenship in order to permanently disconnect from U.S. taxing authority.”
Contact us at BankerTrust@gmail.com if you which us to secure a Dominican Citizenship and Passport on your behalf.
The easiest way to get your ‘travel insurance, “The least expensive option is to obtain citizenship from Dominican Republic. Under this country's citizenship program, you can acquire citizenship and passport simply and easily. Total costs, including all fees for a single applicant, come to about US$24,900. Dominican passport holders can travel without a visa, or obtain a visa upon entry, to many countries and territories.
Other than giving you an "exit strategy" in case of domestic unrest, having a second passport and dual citizenship has numerous additional benefits: It can expand your travel possibilities, reduce your profile to terrorists, give you the right to reside in other countries, and give you a way to cross international borders if your primary passport is lost or stolen. For Americans, a second passport has another benefit: It is an essential prerequisite to expatriation; i.e., giving up U.S. citizenship in order to permanently disconnect from U.S. taxing authority.”
Contact us at BankerTrust@gmail.com if you which us to secure a Dominican Citizenship and Passport on your behalf.
Tuesday, January 6, 2009
Moving to the Dominican Republic
When moving to a new place, always remember to carry all your important papers personally with you, including medical records, passports, license, your resume (CV) and photographs for applications. Also, if you expect to mail gifts home, bring a supply of padded envelopes.
Imported items can cost more in the Dominican Republic, so if you already have the essentials for setting up a home, bring them with you.
If you are limited by space or cost, bring only what you feel is most important to your lifestyle. Keep in mind that although it may cost a little more, you can buy, have made, or have sent, almost anything you need.
The electric current in the Dominican Republic is the same as in the United States, 110-120 volts. Though you should bring surge protectors or a UPS (uninterrupted power supply) unit to protect your electronic equipment from sudden changes in the power supply. If you’re coming from Europe you will need converters to be able to use your electrical equipment here.
Unless you have a tax exemption, or your employer is paying for the customs charges, seriously consider buying your home appliances here.
Keep in mind that the guarantee on items purchased abroad will probably not be honored by a local distributor. Also, consider a gas range to an electrical one, so that you can use it during power outages. And avoid state-of-the-art electronic devices that may be difficult to repair here. Electrical tools can be important, so bring them, especially if they are rechargeable, since they are expensive in the DR.
Air-conditioners will make you more comfortable, and will protect your clothes, furniture, and books from mildew or other damage. This appliance can be expensive here so if possible, have yours sent. Standing or ceiling fans keep the air circulating, and they might be an economic alternative to air conditioners. A dehumidifier may also be helpful, particularly for people with sinus trouble.
Food is an important variable when moving, but don’t expect to bring much with you. City supermarkets stock a large variety of imports, and these days almost everything can be found in the Dominican Republic. Even gourmet and ethnic foods are becoming readily available.
It is a good idea to stock up on any medicines or pharmaceutical supplies that you use regularly, since they may not be available here. At a later point you may consult with a local physician, and you may find a locally-sold substitute. If you are traveling with pets, bring a supply of any medications they take regularly, until you find a local vet.
An automobile is an important thing to consider when moving. If you bring a vehicle, the best choice is an SUV/Pick up that rides high above the ground. Streets flood during heavy rains, and there are often large holes and bumps that can do serious damage to a small car. Four wheel drive will also give you access to hard to reach areas in the countryside. Also, these vehicles have a high resale value.
Clothes are also very important. The clothes you bring should be lightweight and made of natural fabrics that breathe. Don’t forget your jeans, a quality pair of sandals, and a hat. However, you should also pack light jackets, light sweaters, and a strong umbrella, just in case. You will also need a light blanket/comforter during the winter months. The Dominican Republic, in particular Santo Domingo and Santiago has a very good nightlife so bring dressy clothes for going out.
Don’t bother bringing any athletic gear, unless it’s really important to you. Tennis shoes or basketball shoes are readily available, and all sporting materials can be found at sporting goods stores.
If you are moving here with children bring some of the things that will make the move for them easier, other than that you’ll be able to find things for them here.
It is impossible to anticipate all your needs when moving to a new country. What you bring or leave behind depends on your current lifestyle, and on whether you’re planning to continue that lifestyle here.
Please let us know if we can help with your move. Contact us at BankerTrust@gmail.com
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