There are a number of key reasons why individuals and businesses consider going offshore for asset protection purposes. The asset protection advantages
offshore world offers extend from protecting a business from excessive taxation to opening doors to enable wealth and asset enrichment via utilisation of offshore investment opportunities.
Until relatively recently creating and running a business offshore was something done only by super wealthy or by large corporations, but today establishing an offshore company couldn’t be easier and more and more people are beginning to see personal advantages in operating their business in this way.
Not only are there many cost effective offshore company solutions available nowadays but it is possible to purchase a fully functioning and legal off shelf company in countries with low to no taxation and unrestrictive reporting requirements and begin your business trading same day!
The result of making offshore world far more accessible is that many more average people are finding that they can run their businesses legally from an offshore location and in so doing protect and benefit themselves and their assets.
Ideally primary asset protection advantages of running a business from an international position result in increased profits and security and advantages include: - Tax Reduction
Tax eats away at assets and therefore tax reduction is number one advantage people seek to gain by going offshore.
An offshore company or trust arrangement when properly structured may significantly reduce levels of an individual’s or business’ tax liability and thus protect underlying assets from being eaten away through excessive and restrictive taxation.
Straight Asset Protection
Placing company or personal assets out of reach of an opponent or prospective creditor is straight asset protection. By making assets unattractive or legally unobtainable by third parties you achieve straight asset protection.
