Achieving Privacy Protection Through Offshore Planning
Privacy should be the birth right of every individual and as such it should be respected at virtually all costs. This is one of the driving forces behind offshore planning. Offshore planning is growing at an unprecedented rate because the number of lawsuits against professionals and wealthy individuals is also growing at an unprecedented rate, especially in United States of America.
Offshore Planning is essentially the structuring of one’s affairs (business and personal) to the extent possible in a low tax / tax free jurisdiction which respects privacy and is located outside one’s home country. There are many types of structures one can utilize which protect privacy and confidentiality.
1. Offshore Foundations: Establishment of an offshore foundation is by far the most effective option. Firstly the ownership is vested in the foundation so one’s assets can remain completely safe. Secondly there are no taxes on income earned by a foundation so the foundation is free to earn with complete privacy.
2. Offshore Company Formation: Most of the people who incorporate in an offshore jurisdiction do so to protect their privacy An offshore company is a separate legal entity which can operate independently, buy and sell assets, hold investments, etc. In almost all cases, the real identity of owner is protected. The individual may control the assets all the while protecting them from predatory creditors and the like.
There are of course many ways to further enhance these few examples provided above through combinations of entities, jurisdictions, accounts, etc further protecting one’s privacy for the ultimate in asset protection.
About Offshore Secrets Network SA:
Established in 1997, privately held OffshoreSecrets.com serves large and small organizations throughout North America, Latin America, Europe and Asia with incorporation services, establishing private interest foundations, as well as creating offshore companies aimed at protecting assets to legally reducing annual taxes. The company’s primary function is to assist businesses and individuals benefit by taking advantage of what the world’s offshore financial centers have to offer.
Ron Z. Mendelson, Managing Partner at Offshore Secrets Network, is a recognized leading expert in wealth management. Offshore asset protection and international business. His expertise covers various fields including: wealth management & protection, international investment, foreign asset protection structures, international business corporations, international banking, offshore online gaming business services , and traditional e-commerce business services.
Ron Z. Mendelson
Offshore Secrets Network SA
1 888 249 9430
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