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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 the Pacific Ocean. It n attractive business and financial center for international companies nd eeill popular amng maritime companies.

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

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

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

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

Marshall Islands i refusing t co-operative wth the OECD regrdng customer information exchange, thus making thi corporate jurisdiction a 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 his tax burden by receiving, into th country n whih h i working, a fixed level f remuneration nd 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 fr ther wealth on ther death.

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

Where person s domiciled utd territory nd owns assets located n that 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 yu complete privacy. If the company shares r held by a Trust, the 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 an 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 and save n professional fees by ung offshore companies s Personal Holding Companies. These entities m b suitable fr inheritance planning nd reducing th costs nd time delays n probate.

You n protect ur assets by setting u n offshore company n combination wth a Trust. Choosing th right country t incorporate n offshore company cn hel ou avoid unnecessary and high taxes that would othrws b payable f th assets wer held directly. It an also hl protect assets frm creditors, adverse claimants and thr parties; r hel ou secure aginst future claims uch bankruptcy, judgment creditors nd 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 t th tax regimes of th countries n whch th investments r located. There ar countries wth tax free bonds or bank deposits whre interest paid gross.

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