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Tips To Find An Offshore Bank Account For Asset Protection Purposes

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

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

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

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

Marshall Islands Company does nt hav the tainted "tax haven" reputation that 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 t legitimately minimize tax by properly structuring financial nd business affairs.

A person working overseas ma b ble to limit h tax burden by receiving, int th country in whih h i working, a fixed level f remuneration nd accumulate the balance n n offshore company. Similarly, designers, authors, consultants nd entertainers ma assign r contract wth an offshore company th rght to receive fees due under contract fr services.

People who travel th world nd expatriates oftn find tht thir connections with foreign countries create uncertainties nd undesirable consequences for ther wealth n thr death.

The transfer f wealth t n offshore company (again, there ar n MI trusts) an avoid thse difficulties, the wealth i protected n stable environment wll aw frm th unwanted attentions f th tax nd inheritance laws f foreign jurisdictions.

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

Offshore Companies n offer yu complete privacy. If the company shares r held by a Trust, the ownership 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 n tax r reporting responsibilities. This meansyou save money nt nly frm zer corporate tax, but alo from reduced compliance and thr regulatory costs.

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

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

The offshore company investing in property, stocks and shares, commodities nd ther assets, while 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 wth tax free bonds r bank deposits whre interest paid gross.

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