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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 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 a 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 th OTC FOREX market, nd ovr 13,000 stocks frm 24 major exchanges rund th world including US, Canada (and TSX-V), London nd Singapore.

Marshall Islands Company doe nt hv th 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 t legitimately minimize tax by properly structuring financial nd business affairs.

A person working overseas ma b ble to limit hi 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 r contract wth an offshore company th rght to receive fees due undr contract fr services.

People wh travel th world nd expatriates oftn find tht thir connections with 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, th wealth protected n stable environment well 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 that territory (e.g., property), thn suh assets my 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 the company shares r held by a Trust, the ownership 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 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 llw th formation of international companies wth no tax r reporting responsibilities. This meansyou save money nt nly frm zer corporate tax, but alo from reduced compliance nd 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 th costs and time delays n probate.

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

The offshore company investing n property, stocks nd 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 t th tax regimes f 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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