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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 is n attractive business nd financial center for 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 and 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 n Singapore. With Saxo, yu cn trade over 160 currency n th OTC FOREX market, nd ovr 13,000 stocks frm 24 major exchanges arund th world including US, Canada (and TSX-V), London nd Singapore.

Marshall Islands Company ds nt hv 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 to legitimately minimize tax by properly structuring financial nd business affairs.

A person working overseas ma b ble to limit his tax burden by receiving, int the country in 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 with n offshore company th rght to 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 ther death.

The transfer f wealth t n offshore company (again, there ar n MI trusts) n avoid thse difficulties, th wealth is protected n stable environment well aw frm th 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), 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 n offer yu complete privacy. If th 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 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 llw 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 the 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 to incorporate n offshore company can hel ou avoid unnecessary nd high taxes tht wuld othrws b payable f th assets wer held directly. It n lso hl protect assets frm creditors, adverse claimants nd othr parties; r hel ou secure aginst future claims uch bankruptcy, judgment creditors nd thr litigants.

The offshore company investing n property, stocks and 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 f th countries in whch th investments r located. There ar countries with tax free bonds r bank deposits whre interest paid gross.

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