Protect what is YOURS
- to the full extent possible
by National and International law!

Offshore Entities
- and what you can use them for




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Offshore Trusts

used to be the standard legal vehicle for "going offshore"; the base entity. They still are, no matter what your government wants you to believe...
Why you would want an Offshore Trust: Offshore Trusts allow you to
  • Obtain complete privacy in your financial affairs,
  • Protect your assets, both personal and business, from any future creditors, including your own government
  • Invest and "play the markets" with no tax consequences and no taxes payable
  • Run an offshore-based business tax-free
  • Create serious personal tax deductions for yourself
  • Secure your Estate 100% intact, for your chosen heir, no matter who it is.

The official players involved:

  • The Grantor/Settlor (= the person or entity who decides to establish the Trust)

  • The Domicile (= the country whose legislation is the reference base for the Trust)

  • The Trustee (= the administrator of the Trust's day-to-day affairs)

  • The Beneficiary (= the person, business, or institution for whom the Trust is established)

  • The Protector (= the person or business who is to oversee that the Trust is managed in accordance with its purpose, as defined by the Grantor/Settlor)

Main benefits of Trusts

  • Based on legal traditions that go 1,000 years back; very well-proved, tested financial institution, well recognized and acknowledged by courts in all "common-law" countries.

  • Ultimate management control lies with the Trustee, except when the Protector has powers to replace the Trustee.

  • Beneficiaries have no management authority.

  • Fast and cheap to create; in many countries, a Trust can be set up without filing any government documents.

  • Inexpensive in maintenance; only the Trustee and the Protector are to be paid on a default basis.

Main limitations of Trusts

  • You cannot assume any office for an Offshore Trust if you want any tax benefits from it.

  • The role of the Protector can cause management conflicts with the Trustee, if the authority is not defined very carefully.

  • Although the Beneficiary can be a complex set of persons/institution/interests, the Trustee is limited by his qualifications; for this reason, the appointment of Trustee should carefully reflect the intended purpose of the Trust.

  • Trusts are many governments' main target for catching tax evaders.

Free information on Trusts:

http://freedomfromtaxes.com/free/trustintro.php

Starting the process of getting to use an Offshore Trust:

http://freedomfromtaxes.com/OffshoreTrusts



Private Interest Foundations

are "the new kid on the block". They can truly replace Offshore Trusts in many regards, but also have their own unique features that result in both disadvantages and advantages.
Why you would want a Foundation: Private Interest Foundations allow you to
  • Obtain complete privacy in your financial affairs,
  • Protect your assets, both personal and business, from any future creditors, including your own government
  • Invest and "play the markets" with no tax consequences and no taxes payable
  • Run an offshore-based business tax-free
  • Create serious personal tax deductions for yourself
  • Secure your Estate 100% intact, for your chosen heir, no matter who it is.

The official players involved:

  • The Creator (= the person or entity who decides to establish the Foundation)

  • The Domicile (= the country, in which the Foundation is established and registered)

  • The Resident Agent (= the business/person, who receives official mail to the Foundation)

  • The Beneficiary (= the person, business, or institution for whom the Foundation is established)

  • The Council (= the executive committee for the Foundation, typically three Councilors)

  • The Protector (= the person who is elected secret leader by Council, and to whom the Council members submit their undated letters of resignation)

Main benefits of Foundations

  • Based on strict and exact legislation in several "civic-law" countries (Switzerland, Luxembourg, Liechtenstein, Panama are the most prominent ones), based on the legal principles developed during/after the French revolution. Well-tested and proven as a solid entity, like a corporation.

  • Clear "see-through" management structure that is easy to understand (very similar to a Corporation, except that management is appointed by the Protector instead of being elected).

  • Extremely flexible in regards to management and in regards to appointment of Beneficiaries or "beneficiary purpose".

  • Ultimate management control lies with the Protector.

  • Beneficiaries have no management authority.

Main limitations of Foundations

  • You cannot assume any office for a Foundation if you want any tax benefits from it (in some countries other than the USA, this might still be possible, though - but it could be only a matter of time before it changes, so it would be crazy to commit irrevocably to having your name on public file...).

  • It is tempting to assume the role of the Protector - but if you do, you are legally liable for reporting about it to your government if asked on your tax return; in the USA, the Protector will be deemed "owner" of the Foundation, in terms of tax liability.

  • Subject to government filing.

  • Because of the minimum of five nominee people being involved in the set-up, the yearly maintenance costs are correspondingly higher than for a Trust.

  • Set-up times are typically several weeks, because government filing is involved.

Free information on Foundations:

http://freedomfromtaxes.com/free/foundationintro.php

Starting the process of getting to use a Foundation:

http://freedomfromtaxes.com/Foundations



IBCs

are simple "offshore corporation"; they represent the common standard business vehicle for both Trusts and Foundations - and can, under certain circumstances, also be used alone.

Why you would want an IBC:

IBCs allow you to:

  • Conduct offshore, tax-free business with a Trust or Foundation
  • Protect the Trust/Foundation from business liability
  • Create an offshore (tax-free) profit center for your domestic business
  • Raise funds for a business venture that would be illegal in your own country
  • Create offshore joint-ventures
  • Get a personal corporate credit card in anonymity

The official players involved:

  • The Creator (= the person or entity who decides to establish the IBC)

  • The Domicile (= the country, in which the IBC is established and registered)

  • The Resident Agent (= the business/person, who receives official mail to the IBC)

  • The Board of Directors (= the executive committee for the IBC; the members can vary from one to a dozen or more; most jurisdictions demand a minimum of 1,2, or 3.)

  • The Shareholder(s) (= the owner(s) of the IBC.)

Main benefits of IBCs

  • Freedom from financial reporting and all income taxes and capital taxes, as long as the business in not conducted in the country of Domicile and the owner is not residing there either.

  • Clear "see-through" management structure that is easy to understand and test.

  • Extremely flexible in regards to management.

  • Ultimate management control lies with the Shareholder(s) (which are comparable to Beneficiaries for Trusts/Foundations).

  • Significant variation of relevant legislation from one jurisdiction to another.

Main limitations of IBCs

  • Cannot conduct business in its own Domicile.

  • Subject to government filing.

  • Significant variation of relevant legislation from one jurisdiction to another.

Free information on IBCs:

http://freedomfromtaxes.com/free/ibcintro.php

Starting the process of getting to use an IBC:

http://freedomfromtaxes.com/IBCs



Investment Incubators

are arrangements of temporary offshore ownership.
This is "offshore asset protection for people who are broke".

Why you would want an Investment Incubator:

Investment Incubators allow you to:

  • Obtain full offshore protection of the asset, with little or no cash down.
  • Legally transfer ownership and tax liability for an asset to an offshore tax-free entity.
  • Have this temporary owner set up an offshore entity for final ownership of the asset.
  • Have this offshore entity funded with money from the asset.
  • Have this offshore entity buy back the asset, with no tax consequences.

The official players involved:

  • The Seller (= the person who owns the asset and wants to protect it)

  • The Investor (= the offshore business who accepts the temporary ownership)

  • The Administrator (= the business/person, who oversees the deal)

  • The Escrow (= the law firm administrating the funds, during the temporary ownership)

Main benefits of Investment Incubators

  • Client instantly eliminates all personal tax liability for the asset by selling it.

  • Client gets an offshore entity established and funded out of proceeds from the asset.

  • Client can make this offshore entity buy back the asset, at a predetermined, typically very low (symbolic) price.

  • The initial set-up costs are only a small fraction of what establishment of an offshore entity will cost (generally less than 10%, for some assets even zero...).

  • All major costs, including the set-up of the protection structure, are deferred until the asset can pay for it itself....

Main limitations of Investment Incubators

  • The asset in question must be officially valueless at the time of the Incubator being established; Incubators cannot be set up for assets that have any significant proven value, unless the Client can produce a similar amount of cash as the asset officially is worth...

  • Quite complicated structure of several agreements that all must be in place in order to make the deal work as intended....

  • The total final costs are significantly higher than what a simpler solution would entail, particularly for assets that are considered "risky investments".

Free information on Investment Incubator:

http://freedomfromtaxes.com/InvestmentIncubator.php

Starting the process of getting to use an Investment Incubator:

http://freedomfromtaxes.com/InvestmentIncubator.php





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We educate "ordinary people" about the benefits they can achieve by organizing their financial affairs through offshore legal entities, such as Offshore Trusts, International Business Corporations, and/or a Private Interest Foundations. By setting up your offshore structure diligently and using it wisely, you can use it to protect your personal assets, your business assets, you financial privacy, and your estate.

You can further use offshore legal entities to obtain significant tax deductions for yourself and/or your business - to the point of completely eliminating tax liability on non-employment income, if you so desire.

Used diligently, an offshore presence provides you the ultimate protection of yourself, your loved ones, and your business against lawsuits, creditors (including your government's tax agency), black-mailing, accidents, and liability of all kinds.

The principles are completely legal and do not call for your hiding or falsifying any information you are legally obliged to divulge to your government. You can enjoy the benefits, completely legally - when you know how to do it!