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

Marshall Islands IBC i a tax-free corporation designed fr engagement int ll forms of international business, wth no reporting and 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 n alo establish a brokerage account wth Saxo Capital Markets in Singapore. With Saxo, yu cn trade ovr 160 currency n th OTC FOREX market, nd ovr 13,000 stocks from 24 major exchanges around th world including US, Canada (and TSX-V), London nd Singapore.

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

Marshall Islands i refusing t co-operative wth th 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 to limit h tax burden by receiving, nt 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 with n offshore company th rght to receive fees due undr contract fr services.

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

The transfer f wealth t n offshore company (again, ther ar n MI trusts) n avoid thse difficulties, th wealth is protected n stable environment wll 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 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 th company shares r held by Trust, th 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 n alternative t Will) wth n offshore company fr accumulation f investment income nd long-term benefits fr beneficiaries wthout high income, inheritance r capital gains taxes.

Certain countries uh a Marshall Island allow th formation f international companies wth no 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 ur assets by setting u n offshore company n combination wth a 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 n lso 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 n property, stocks and shares, commodities nd ther assets, whl 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 in whch th investments r located. There ar countries wth tax free bonds r bank deposits whre interest paid gross.

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