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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 i n attractive business and financial center fr international companies nd eeill popular amng maritime companies.
Marshall Islands IBC i tax-free corporation designed fr engagement int ll forms f international business, wth no reporting nd 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 n alo establish a brokerage account wth Saxo Capital Markets n 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 have th 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 t 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 who travel th world and expatriates oftn find tht thir connections wth foreign countries create uncertainties nd undesirable consequences fr ther wealth n their death.
The transfer f wealth t n offshore company (again, thr ar n MI trusts) an avoid thse difficulties, th wealth is protected n stable environment well 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 an offer yu complete privacy. If the company shares r held by Trust, the ownership is legally vested n the 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 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 and save n professional fees by ung offshore companies s Personal Holding Companies. These entities m be suitable fr inheritance planning nd reducing th costs nd time delays n probate.
You n protect our assets by setting u an offshore company n combination wth a Trust. Choosing th right country to incorporate n offshore company cn hel ou avoid unnecessary nd high taxes that wuld othrws b payable f th assets wer held directly. It an lso hl protect assets frm creditors, adverse claimants and othr 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 of th countries in whch th investments r located. There ar countries with tax free bonds or bank deposits whre interest paid gross.
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