Means to place assets outside of one’s home country, this
is accomplished through taking several steps. These steps are the same irrespective
of the reason for going offshore.
Step 1. International Business Corporation (IBC)
The first step in forming an offshore Entity is to
form a corporation (IBC) in an offshore jurisdiction. Don’t be confused by the
word “corporation”. There is no requirement to start an actual, running
business or to travel to where the IBC is formed. An IBC is established so that
the client has a legal entity that can own assets such as property, investments
and bank accounts in its name rather than the client’s personal name. Moving
assets into the IBC will keep them out of the reach of praying eyes.
Step 2. Offshore Trust
Once the IBC is established, an additional layer of
protection is added. An offshore trust is created which becomes the owner of
the IBC. This further removes any connection between the client’s personal name
and his or her assets.
Step 3. Offshore Accounts
After the IBC and offshore trust have been formed,
the founder may then move assets under the protective umbrella of these
offshore entities. This is accomplished via offshore bank accounts, offshore
brokerage accounts and offshore precious metals accounts. Or this account
can be opened straight away after forming IBC. (In case offshore trust is not
required)
Step 4. Offshore Correspondence address
The last step in going offshore is to establish an
offshore mail forwarding address. An offshore address will insure that the
wrong eyes never view sensitive information. This normally is the address of
the registered agent through whom this IBC was registered
Step 5. Security
Assets are now secure. You can breathe easier
knowing that your assets are private, safe, and secure, out of harm’s way and
will remain in their rightful hands: yours.
Famous offshore jurisdictions globally
Belize, British Virgin
Islands, Hong Kong, Nevis, Panama, Seychelles, Cyprus, Dubai (UAE) , Ras Ul
Khaimah (UAE)
