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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 of international business, wth no reporting and 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 nd Loyal bank.

You n alo establish a brokerage account with Saxo Capital Markets in Singapore. With Saxo, yu cn trade ovr 160 currency n the OTC FOREX market, and ovr 13,000 stocks from 24 major exchanges arund th world including US, Canada (and TSX-V), London nd Singapore.

Marshall Islands Company does nt hv the tainted "tax haven" reputation that i aoitd with 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 t limit h tax burden by receiving, int th country in whih h i working, fixed level f remuneration nd 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 with foreign countries create uncertainties nd undesirable consequences for ther wealth on thr death.

The transfer of wealth t n offshore company (again, there ar n MI trusts) n avoid thse difficulties, the wealth i protected n stable environment wll 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 m be protected gnt inheritance tax nd higher rates f taxation by holding the assets thrugh n offshore investment company.

Offshore Companies n offer you complete privacy. If th company shares r held by Trust, th ownership 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 Marshall Island allow th formation f 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 my be suitable fr inheritance planning nd reducing the 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 t incorporate n offshore company n hel ou avoid unnecessary nd high taxes tht would othrws b payable f th assets wer held directly. It an lso hl protect assets frm creditors, adverse claimants and other 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, whil 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 f th countries n whch th investments r located. There ar countries with tax free bonds r bank deposits whre interest paid gross.

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