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Tips To Find An Offshore Bank Account For Asset Protection Purposes

Marshall Islands comprises 29 atolls nd 5 islands situated n th Pacific Ocean. It n attractive business and financial center for international companies nd eeill popular amng maritime companies.

Marshall Islands IBC is a tax-free corporation designed fr engagement int ll forms of international business, wth no reporting nd record-keeping requirements and wth comprehensive confidentiality features.

opening f corporate bank account with internationally recognized banks suh a HSBC, Standard Chartered, Citibank, Citic International, DBS bank nd Loyal bank.

You an alo establish a brokerage account with Saxo Capital Markets in Singapore. With Saxo, yu cn trade over 160 currency n th OTC FOREX market, and ovr 13,000 stocks from 24 major exchanges around th world including US, Canada (and TSX-V), London nd Singapore.

Marshall Islands Company doe nt hav the tainted "tax haven" reputation tht i aoitd wth man othr offshore jurisdictions.

Marshall Islands i refusing t co-operative wth the OECD regrdng customer information exchange, thus making thi corporate jurisdiction secure, long term solution. A low cost corporate vehicle, tht provd confidentiality nd limited liability protection.

A Marshall Islands Company formation ma b usd to legitimately minimize tax by properly structuring financial nd business affairs.

A person working overseas ma b ble t limit hi tax burden by receiving, into th country n whih h i working, fixed level f remuneration and accumulate th balance n n offshore company. Similarly, designers, authors, consultants nd entertainers ma assign or contract wth an offshore company th rght t receive fees due undr contract fr services.

People wh travel th world and expatriates oftn find tht thir connections wth foreign countries create uncertainties nd undesirable consequences for ther wealth n ther death.

The transfer f wealth t n offshore company (again, ther ar n MI trusts) n avoid thse difficulties, the wealth protected n stable environment well aw from the unwanted attentions f th tax and inheritance laws f foreign jurisdictions.

Where person s domiciled utd territory nd owns assets located n tht territory (e.g., property), thn suh assets m be protected gnt inheritance tax nd higher rates f taxation by holding the assets through n offshore investment company.

Offshore Companies n offer u complete privacy. If the company shares r held by a Trust, th ownership i legally vested n th trustee, thus gaining th potential fr evn greater tax planning advantages.

You n set u Family nd Protective Trusts (possibly s n alternative t Will) wth n offshore company for accumulation f investment income nd long-term benefits fr beneficiaries wthout high income, inheritance r capital gains taxes.

Certain countries uh Marshall Island allw th formation f international companies wth no tax r reporting responsibilities. This meansyou save money nt nly frm zer corporate tax, but alo from reduced compliance nd thr regulatory costs.

High net worth individuals gain privacy nd save n professional fees by ung offshore companies s Personal Holding Companies. These entities my b suitable fr inheritance planning nd reducing the costs nd time delays n probate.

You n protect ur assets by setting u an offshore company n combination wth Trust. Choosing th rght country t incorporate n offshore company cn hel ou avoid unnecessary nd high taxes that would othrws b payable f th assets wer held directly. It an lo hl protect assets frm creditors, adverse claimants and othr parties; r hel ou secure aginst future claims uch bankruptcy, judgment creditors and thr litigants.

The offshore company investing in property, stocks nd shares, commodities nd ther assets, whil providing anonymity and tax savings. Funds accumulated cn b invested r deposited thrughout the world, althugh th funds m b subject to th tax regimes f th countries in whch th investments r located. There ar countries with tax free bonds r bank deposits whre interest paid gross.

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