Offshore Asset Protection II
-
Upload
robertgirga -
Category
News & Politics
-
view
339 -
download
2
Transcript of Offshore Asset Protection II
Offshore Asset Protection II
http://robertgirga.com/RobertGirga/
This article is a continuation of our thoughts on offshore asset
protection.
http://robertgirga.com/RobertGirga/
For the first part visit Offshore Asset Protection II at the link
below.
http://robertgirga.com/RobertGirga/
The very wealthy know that a good way to protect wealth is
to store it and grow it in discrete offshore banking
centers.
http://robertgirga.com/RobertGirga/
They use a variety of legal vehicles to preserve privacy and guard their hard earned
assets.
http://robertgirga.com/RobertGirga/
As government intrusiveness, invasion of privacy, and the
threat of losing all due to some else’s neglect increase
in this world consider an offshore solution to asset protection and read on.
http://robertgirga.com/RobertGirga/
Tax Havens: Put Your Money in Tax Advantaged
Jurisdictions
http://robertgirga.com/RobertGirga/
Virtually all offshore jurisdictions do not tax income
that is derived from outside sources and do not tax
interest income from offshore bank accounts.
http://robertgirga.com/RobertGirga/
There are many tax havens and each has its advantages.
http://robertgirga.com/RobertGirga/
Bank by Means of an Offshore Corporation
http://robertgirga.com/RobertGirga/
Form an offshore corporation, with or without bearer shares and with or without nominee
shareholders.
http://robertgirga.com/RobertGirga/
Then open a corporate bank account.
http://robertgirga.com/RobertGirga/
This is an excellent means of providing personal privacy
and offshore asset protection.
http://robertgirga.com/RobertGirga/
. Both individuals can corporations can do this.
http://robertgirga.com/RobertGirga/
Do Your Banking via a Foundation
http://robertgirga.com/RobertGirga/
Many who choose to protect their assets offshore use a Panama Private Interest
Foundation.
http://robertgirga.com/RobertGirga/
This vehicle can hold any number of assets for its
beneficiaries, including a bank account.
http://robertgirga.com/RobertGirga/
A beneficiary of such a corporation can have access
to bank account assets worldwide with credit or debit
cards.
http://robertgirga.com/RobertGirga/
For extra protection the foundation can own a
corporation that owns the bank account.
http://robertgirga.com/RobertGirga/
Use a Trust to Own a Bank Account
http://robertgirga.com/RobertGirga/
It is possible to set up a trust to control and guard offshore
assets.
http://robertgirga.com/RobertGirga/
These assets can include a bank account. Just like with
corporations and foundations the trust will be set up for the
sole benefit for its beneficiaries.
http://robertgirga.com/RobertGirga/
The Layered Offshore Approach
http://robertgirga.com/RobertGirga/
Depending upon the degree of offshore asset protection that
you require it is entirely possible and very common, to combine a number of offshore
solutions, from different jurisdictions.
http://robertgirga.com/RobertGirga/
A foundation or trust can hold a corporation. The corporation can do business anywhere in the world and not pay taxes in
the offshore jurisdiction.
http://robertgirga.com/RobertGirga/
The same corporation can have bank accounts it its
name.
http://robertgirga.com/RobertGirga/
Beneficiaries of a trust or foundation receive payments, use the bank credit card, and receive benefits such as the
use of a house, car, or boat all in the name of a subsidiary
corporation or subsidiary bank account.
http://robertgirga.com/RobertGirga/
Choosing the right jurisdictions and vehicles is
important and should be done with the advice of competent
and reliable counsel.
http://robertgirga.com/RobertGirga/
Be Discrete
http://robertgirga.com/RobertGirga/
The old rich know this.
http://robertgirga.com/RobertGirga/
Present yourself to the world in such a way as not to attract undue attention or become a
target.
http://robertgirga.com/RobertGirga/
. Unfortunately the new rich often need to learn this fact.
http://robertgirga.com/RobertGirga/
Having wealth is great but flaunting it can be
problematic.
http://robertgirga.com/RobertGirga/
The more attention you call to yourself the more trouble you
will have trying to preserve your privacy and guard your
wealth.
http://robertgirga.com/RobertGirga/
Be discrete.
http://robertgirga.com/RobertGirga/
It goes a long way at home and offshore in protecting your
hard earned assets.
http://robertgirga.com/RobertGirga/