|
Author: Rhiannon Williamson Article source: http://www.softlandings.com/. Used with author's permission.
There are a number of key reasons why individuals and businesses consider going offshore for asset protection purposes.
The asset protection advantages the offshore world offers extend from protecting a business from excessive taxation to opening doors to enable wealth and asset enrichment via the utilisation of offshore investment opportunities.
Until relatively recently creating and running a business offshore was something done only by the super wealthy or by large corporations, but today establishing an offshore company couldn't be easier and more and more people are beginning to see personal advantages in operating their business in this way.
Not only are there many cost effective offshore company solutions available nowadays but it is possible to purchase a fully functioning and legal off the shelf company in countries with low to no taxation and unrestrictive reporting requirements and begin your business trading the same day!
The result of making the offshore world far more accessible is that many more average people are finding that they can run their businesses legally from an offshore location and in so doing protect and benefit themselves and their assets.
Ideally the primary asset protection advantages of running a business from an international position result in increased profits and security and the advantages include: -
Tax Reduction
Tax eats away at assets and therefore tax reduction is the number one advantage people seek to gain by going offshore.
An offshore company or trust arrangement when properly structured may significantly reduce the levels of an individual's or business' tax liability and thus protect underlying assets from being eaten away through excessive and restrictive taxation.
Straight Asset Protection
Placing company or personal assets out of the reach of an opponent or prospective creditor is straight asset protection. By making assets unattractive or legally unobtainable by third parties you achieve straight asset protection.
Because of the nature of society today where litigation is par for the course, many more business professionals are at greater risk of legal action being taken against them, and many more individuals face losing out in acrimonious divorce battles - therefore protecting one's assets offshore can be a very effective way to ensure long term asset security.
Offshore Investment Opportunities
There are far more potentially high returning investment opportunities available offshore than domestically. Also, as many of the world's stocks are traded outside your country of residence there could be a significant advantage to trading offshore.
Greater Privacy
Developed countries are increasing the levels of surveillance we are all placed under; as a result many more people grow concerned about their growing lack of personal privacy. By moving business activities and assets offshore this can directly assist with increasing personal privacy and the confidentiality of business and financial transactions.
Of course, it goes without saying that the privacy available will not protect people who are engaged in serious criminal activity.
Estate or Inheritance Tax Planning
We are all at risk of loosing a considerable amount of our estate in income and excise taxes when we die. With carefully structured and well managed offshore solutions such as trusts it is possible for some people to reduce their estate's liabilities and therefore pass the estate's assets to their heirs with minimum tax and liability problems.
These are just the five main reasons people seek to exploit the world of offshore opportunities for asset protection purposes; there are many more potential advantages to going offshore but they all depend on an individual's personal situation and requirements. It is essential to seek professional advice before considering going offshore and this article does not constitute advice in that sense. Rhiannon Williamson is the publisher of ShelterOffshore.com - the online resource for offshore, expatriate and international investors.
For personalized investment and offshore advice, readers of Shelter Offshore benefit from the site's strategic alliance with deVere and Partners, the world's largest offshore financial advisory. Visit the deVere and Partners offshore advice service page to find out more.
Potty Training Techniques That Dont Work
Your attitude and actions have a huge impact on your child's potty training success. The following potty training techniques don't work and should never be done...
Should You Write Your Own Business Plan?
If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan...
Be Patient Screening Tenants
An iron constitution and enduring patience are critical to keeping up your landlord discipline when times are tough.
Natural Hormones for Treating Perimenopause and Menopause Symptoms
Alternative treatments based on natural hormones are becoming increasingly popular for treating perimenopause or menopause symptoms.
How Impressive is the Weight Loss Mantra with a Diary Diet?
Recent research on the importance of calcium in the form of milk in weight reduction has given health experts a new dimension to work on. Are we already seeing ...
Great Relatinship Advice: The Ability to Create a Vision for Your Relationship
Many of us stumble into marriage and then continue to make it up as we go along. But relationships need much more conscious planning in order to be successful. ...
Zone Diet Weight Loss Program
An overview of the zone diet.
Get Started Exercising Now, But Take It Easy!
So you're overweight, "fat"--to be honest--and you want to start exercising. Before you take off like an overlarge airplane and start preparing for the Olympics...
Puppy Basics: Potty-Training, Reprimanding, and Rewards...
Learn about basic puppy stuff like potty training, reprimanding, rewarding, toys and games, and more...
Why Be Great?
To be really great at anything, you must have passion!! Too many people work at the job that is most convenient for them, rather than focusing on what you love...
Lead Generation: What Is It worth?
Our business environment has changed dramatically. Companies must now be disciplined and market-driven if they want to stay alive. They must do more - much more...
Strapping a Ceiling
Prior to hanging sheetrock to ceiling joists it is important that strapping first be installed.
Sales Recruiting - How to Hire More Top Sales Performers - Part 2
Poor sales performance often results from relying too heavily on SUBJECTIVE information when hiring and managing salespeople. Adding OBJECTIVE information (gath...
Forget the Press Release - Heres How to Pitch Like Roger Clemens
A pitch letter is a brief business letter, almost never longer
than one page. It can accompany a press release, or it can stand
on its own. Pitch letters serve ...
Exercise The Right Way - Seated Pulley Rows
It is crucial that beginning bodybuilders are shown how to perform the core exercises correctly. This article provides step by step instructions for the Seated ...
Female Self Pleasuring Tips For The Adventurous Woman
These great female self pleasuring techniques will open up a whole new world of female self pleasuring ideas.
Value Investing: Selecting From The Bargain Bin
Picking a beaten-down stock requires a different kind of selection process. Normally, most companies beaten down this far have no earnings to speak of. Of cours...
Food - An Alternative to Emotions
Eat or feel, that seems to be the uncomfortable choice for many with a weight problem. It doesn't have to be that way...
Sending Samples With Your Press Release-- should you or shouldnt you? Heres a guide…
When you begin to send out your press releases, you will
start to get calls and emails from the editors requesting
samples of your product. What do you do? We...
Save Money By Getting A Term Life Insurance Quote Online
before getting a term life insurance quote online make sure you have found out exactly what type of life insurance you need.
Always Avoid Payment Holidays
Once you've been paying off a credit card for a while, you might be offered a 'payment holiday'. You'll get a letter, saying that since the company knows it's d...
Baxter Grabber - Advanced Landing Page Strategy
What you are about to read is the strategy for an advanced landing page concept called the Baxter Grabber. You will read what elements comprise the landing page...
Parasitic Relationship
Direct Answers - Column for the week of March 15, 2004 Something in my life is weighing heavily on my mind, and I don't talk to anyone about it. I married my h...
14 Ways Musicians Can Increase Their Tips
I was listening to NPR the other day when they did a report on tipping in the restaurant industry. One they had a list of tips on how wait staff can increase th...
|
Print this page