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Serious
about money? Now is the time to think hard about
Asset Protection and Tax Management. Do you want to
increase your net wealth? And improve business
profitability? Think Offshore Legal /
Offshore Advisers ... and about
registering your business as a GLOBAL BUSINESS
COMPANY! Offshore Legal can attend to all the
requisites for your Offshore BUSINESS COMPANY in a
matter of a few days. ALL YOU NEED DO IS DECIDE ON A NAME for your new BUSINESS COMPANY & contact Offshore Legal. Offshore Legal can incorporate structure and provide management services for domestic and foreign companies, design and implement asset protection plans and help reduce tax both Onshore and Offshore. |
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Offshore Legal is an accredited corporate member of the International Law Society. |
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INTERNATIONAL INCORPORATION: There can be several reasons for wanting to form an Offshore Company - the most obvious and acceptable one being to engage in overseas business. 10 Major Reasons Other equally legitimate reasons for wanting to establish an offshore company are for Asset Protection, Privacy and Tax Planning. However if these are your objectives setting up an Offshore Company is not as simple as buying a shelf company. Since January 2001 and even more so after September of that year laws relating to Offshore Activities have become somewhat draconian. 1. Offshore Companies with bearer shares are no longer acceptable to mainstream financial institutions. Consequently if anyone suggests using bearer shares for any new incorporation it is the wrong way to go. 2. High Tax countries (e.g. USA, Australia, UK) have seriously tightened domestic laws to reign in what they see as an enormous leakage of money from their coffers. Laws relating to Controlled Foreign Corporations require reporting in your country of residence and/or citizenship. Thus you lose your privacy and jeopardize your Asset Protection plans. 3. Also CFC laws can require you to pay tax in respect of share holdings in offshore companies and even if you are not a shareholder - but only just a director. |
4. IRS and Courts in America frequently ignore trusts - claiming they are "abusive" and therefore trusts provide no protection once they are disclosed. 5. Lifting the Corporate veil has become common practice of Courts since Worldcom and Enron. Directors have been held personally liable for company failures and wrong-doings.
Knowing the law (note: laws change) and the ramifications of
offshore incorporating as it relates to your domestic situation
can help you to avoid many of the pitfalls that arise when
persons merely take a shelf company from an incorporation firm.
Don't take unnecessary risks by cutting corners or trying to
save a few dollars with a cheap and nasty quick fix when you
should be concerned with "Bulletproof" Asset Protection or
Iron-clad Tax Planning. |