Wednesday, January 14, 2009

Offshore Company Formation

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