Offshore Investments

Don't Lose Your Wealth

There are many possibilities to how you can lose your wealth. You may lose a chunk of your wealth in a divorce. You may be slapped with an unexpected lawsuit because of a careless act. Or you are just simply paying more taxes than necessary. You can avoid such losses if you set up offshore companies and trusts. They are powerful but often overlooked instruments that will help you save and guard your money.

 
What are Offshore Companies and Trusts?

~ Offshore Financial Centres
  Countries with the common characteristic of having low or no taxes. They usually have less rigorous legal requirements but strict privacy laws as well.
~ Offshore Company
  A company set up to hold property, investments or income so as to benefit from the low or no tax regime of the chosen offshore country.
~ Offshore Trust
  A flexible and versatile vehicle for holding and managing assets. A trust transfers ownership of your assets to a trusted third party for the benefit of yourself or your family and loved ones.

Where Should You Set Up Your Offshore Company and Trust?

In selecting the country, you have to make an informed decision so as to be assured that your assets are fairly safe in the country of your choice.

Some of the factors that you should consider when selecting an offshore financial centre are:

~ Laws for the protection of assets
~ Cost as well as legal and other compliance requirements for forming and maintaining the offshore structure
~ Availability of reliable and experienced management
~ Political and economic stability of the country
~ Other considerations including facilities for communication, transportation, banking, foreign exchange controls and favourable treaty network.

 

Do You Need an Offshore Structure?

Before setting up an offshore structure, you should seek professional advice to help you carefully weigh the costs and benefits. The benefits have to justify the complexity of such a structure and the administration costs involved.

A financial adviser can partner with a lawyer to assess your needs and set up a plan to safeguard your assets. Start a partnership with your licensed adviser and you can better manage your finances to your advantage.

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