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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 i n attractive business nd financial center for international companies nd eeill popular amng maritime companies.

Marshall Islands IBC i a tax-free corporation designed fr engagement int ll forms f international business, wth n reporting nd record-keeping requirements nd wth comprehensive confidentiality features.

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

You an alo establish brokerage account with 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 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 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 to legitimately minimize tax by properly structuring financial nd business affairs.

A person working overseas ma b ble t limit his tax burden by receiving, int th country n whih h i working, a 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 to receive fees due under 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 on ther death.

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

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

Offshore Companies an offer u complete privacy. If the company shares r held by a Trust, the ownership is 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 allow th formation of international companies wth n tax r reporting responsibilities. This meansyou save money nt nly frm zer corporate tax, but alo frm 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 the costs and time delays n probate.

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

The offshore company investing in property, stocks and shares, commodities nd ther assets, whil providing anonymity and tax savings. Funds accumulated cn b invested r deposited thrughout th 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 r bank deposits whre interest paid gross.

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