With the slow decline in the popularity of (&, post Covid, the practical challenges of using) traditional classroom based educational institutions, ever increasing amounts of students are looking for Online learning/educational opportunities.

As a result a new substrata of entrepreneurs has begun to emerge, ie persons & businesses offering direct education products/courses (eg Literacy programs, numeracy programs, financial educational products, online learning tools etc).

With such a business typically the services are offered Online (ie via a website and/or an active online direct marketing campaign) and delivered online (ie via download or via email) or via post/courier.

A business where goods or services are advertised for sale, and/or delivered, online lends itself (rather) well to an “Offshore” Corporate Structuring Plan.

Here’s how such a business will typically work from an “Offshore” Perspective:

• A nil tax offshore company (commonly an International Business Company “IBC”) is incorporated to own/operate the business
• You design/launch a website or Online Product/Sale portal which is owned by the Offshore Company
• The IBC owns all proprietary items (including also the/any Trademarks, Operating software/systems, soft products to be delivered to customers etc)
• Your website/landing page should ideally should be hosted in a nil tax/private Jurisdiction (Iceland is currently the most popular destination for such web hosting, Singapore is also often favoured)
• The clients find you and/or contact you via the web
• The IBC is seen to be managed and controlled from (and ideally beneficially owned from, see below) Offshore. This is achieved via the appointment of a (nil tax jurisdiction based) “Nominee” director.
• Your standard sale agreement/website terms and conditions should provide (a) that a contract is not formed until the customer’s offer is accepted by you (ie the Offshore Company) and (b) that the source of the income is the contract. Before the client clicks buy he/she clicks on a button acknowledging that he/she has read and agrees to be bound by your terms & conditions
• Acceptance of the buyer’s offer would be provided by the Company (which is seen to be managed from “Offshore” via a nil-tax-jurisdiction resident Nominee Director) sending an email or text to the buyer, after he/she has paid online; In simple terms what that means is that the situs of the Contract ie the place where the contract of sale (ie the agreement between you and the buyer for you to supply goods in consideration of the buyer paying), at law, is formed is the director’s location ie a nil tax environment…
• Hence the income – from which the contract of sale is the source – has been/is derived, prima facie, in a zero tax jurisdiction (every time a client buys and you send an email thanking him for payment that concludes as contract of sale at law)
• An Offshore account (which can/will also be set up to receive card payments via a merchant account) is opened in a nil tax banking centre
• Customers/clients contract with and pay the IBC; All such monies are banked free of tax in the first instance
• You or your local company would/could be contracted by the IBC to manage sales/delivery of product/website maintenance/whatever
• (If you need a regular income) You would invoice the IBC periodically (eg monthly) for this service which income would be assessable income in your home state – though a smart Tax Accountant should be able to assist you to claim a series of expenses against this income (eg home office, equipment, travel, phone/internet/utilities etc) to significantly reduce the amount of tax payable on this income
• Ideally once you start to grow you and to add substance you would be wise to set up your MD/Board and or a sales team to take orders and receive income in a low tax onshore environment (eg Hong Kong, Ireland, Singapore, Cyprus etc as per the Amazon/Google model).

As alluded to, in order to minimise the chances of the IBC being taxed onshore, ideally, the IBC should/would be (and be seen to be) managed and controlled from Offshore. How this can be achieved is by including a Nominee Director as part of the Corporate structure. For details of how that can work click on these links:

http://offshoreincorporate.com/faq/should-i-engage-nominees-or-should-i-direct-and-hold-the-shares-in-my-offshore-company/

http://offshoreincorporate.com/faq/how-can-i-protect-my-underlying-ownership-of-my-offshore-company-where-a-nominee-is-engaged-to-act-as-director-or-shareholder/

Ideally – so you can swear on oath in the event of a tax investigation, law suit or regulatory inquiry – I am not the beneficial owner of this Company, (which could get you around what might otherwise be a substantial tax or legal liability eg imprisonment for tax evasion) you will want to set up a Private Foundation to act as the shareholder of your IBC. (This should also assist you to get around CFC rules ie if you live in a country which has such regs).

With a bespoke legal/admin structure in place you should only be liable to declare and pay tax on income paid to you by the company (and/or on any distributions paid to you by the Foundation); The rest of your Online sales earnings you should be able to bank, and or invest, Offshore in a nil tax environment.

Similarly, if a product that you sell doesn’t perform and a customer tries to sue you the good news is your personal assets should not be at risk as the customer has contracted with a limited liability Company (ie the Company carries the legal risk, not you personally). Moreover, having your business incorporated Offshore in a foreign/strange land is of itself a deterrent. (Have you ever tried to sue/get money out of an “Offshore” Company? It’s the Litigation Lawyer’s equivalent of climbing Mount Everest!)

Local laws can have an impact. Hence you should seek local legal/tax/financial advice before committing to set up an IBC for such purposes.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

With the recent realigning of the world economy a proliferation of new start up businesses have begun to emerge.

This realignment presents business opportunities for entrepreneurs in the start up advisory service sector.

These types of business are generally subscription based with the adviser providing (hopefully useful!) information to the would be start-up business owner on a regular (commonly monthly) basis eg information/advice in regard to:

• How to get set up Online
• How to market your services
• Accounting systems
• What kind of legal structure to adopt
• Business pitfalls to be aware of
• Market trends
• Ongoing Financial mentoring/management
• Etc

Typically the customer is sourced/found, and all services are delivered, online.

A business where goods or services are advertised for sale, and delivered, online lends itself (incredibly) well to an “Offshore” Corporate Structuring Plan. Here’s how it usually works:

• A nil tax offshore company (commonly an International Business Company “IBC”) is incorporated to own/operate the business
• You design/launch a website or Online Product/Sale portal which is owned by the Offshore Company
• The IBC owns all proprietary items (including also the/any Trademarks, Operating software/systems, soft products to be delivered to customers etc)
• Your website/landing page should ideally should be hosted in a nil tax/private Jurisdiction (Iceland is currently the most popular destination for such web hosting, Singapore is also often favoured)
• The clients find you and/or contact you via the web
• The IBC is seen to be managed and controlled from (and ideally beneficially owned from, see below) Offshore. This is achieved via the appointment of a (nil tax jurisdiction based) “Nominee” director.
• Your standard sale agreement/website terms and conditions should provide (a) that a contract is not formed until the customer’s offer is accepted by you (ie the Offshore Company) and (b) that the source of the income is the contract. Before the client clicks buy he/she clicks on a button acknowledging that he/she has read and agrees to be bound by your terms & conditions
• Acceptance of the buyer’s offer would be provided by the Company (which is seen to be managed from “Offshore” via a nil-tax-jurisdiction resident Nominee Director) sending an email or text to the buyer, after he/she has paid online; In simple terms what that means is that the situs of the Contract ie the place where the contract of sale (ie the agreement between you and the buyer for you to supply goods in consideration of the buyer paying), at law, is formed is the director’s location ie a nil tax environment…
• Hence the income – from which the contract of sale is the source – has been/is derived, prima facie, in a zero tax jurisdiction (every time a client buys and you send an email thanking him for payment that concludes as contract of sale at law)
• An Offshore account (which can/will also be set up to receive card payments via a merchant account) is opened in a nil tax banking centre
• Customers/clients contract with and pay the IBC; All such monies are banked free of tax in the first instance
• You or your local company would/could be contracted by the IBC to manage sales/delivery of product/website maintenance/whatever
• (If you need a regular income) You would invoice the IBC periodically (eg monthly) for this service which income would be assessable income in your home state – though a smart Tax Accountant should be able to assist you to claim a series of expenses against this income (eg home office, equipment, travel, phone/internet/utilities etc) to significantly reduce the amount of tax payable on this income
• Ideally once you start to grow you and to add substance you would be wise to set up your MD/Board and or a sales team to take orders and receive income in a low tax onshore environment (eg Hong Kong, Ireland, Singapore, Cyprus etc as per the Amazon/Google model).

As alluded to, in order to minimise the chances of the IBC being taxed onshore, ideally, the IBC should/would be (and be seen to be) managed and controlled from Offshore. How this can be achieved is by including a Nominee Director as part of the Corporate structure. For details of how that can work click on these links:

http://offshoreincorporate.com/faq/should-i-engage-nominees-or-should-i-direct-and-hold-the-shares-in-my-offshore-company/

http://offshoreincorporate.com/faq/how-can-i-protect-my-underlying-ownership-of-my-offshore-company-where-a-nominee-is-engaged-to-act-as-director-or-shareholder/

Ideally – so you can swear on oath in the event of a tax investigation, law suit or regulatory inquiry – I am not the beneficial owner of this Company, (which could get you around what might otherwise be a substantial tax or legal liability eg imprisonment for tax evasion) you will want to set up a Private Foundation to act as the shareholder of your IBC. (This should also assist you to get around CFC rules ie if you live in a country which has such regs).

With a bespoke legal/admin structure in place you should only be liable to declare and pay tax on income paid to you by the company (and/or on any distributions paid to you by the Foundation); The rest of your Online sales earnings you should be able to bank, and or invest, Offshore in a nil tax environment.

Similarly, if a product that you sell doesn’t perform and a customer tries to sue you the good news is your personal assets should not be at risk as the customer has contracted with a limited liability Company (ie the Company carries the legal risk, not you personally). Moreover, having your business incorporated Offshore in a foreign/strange land is of itself a deterrent. (Have you ever tried to sue/get money out of an “Offshore” Company? It’s the Litigation Lawyer’s equivalent of climbing Mount Everest!)

Local laws can have an impact. Hence you should seek local legal/tax/financial advice before committing to set up an IBC for such purposes.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

Whenever there is economic disruption on a major scale (such as we are experiencing presently thanks to the Corona pandemic), opportunity comes knocking.

People working from home and or with more time on their hands are starting to realize that valuable digital assets can be sold online and there is more demand for such products than ever before.

Examples of digital assets include:

• EBooks
• Original music (including beats, jingles, film music, ringtones etc)
• Videos (eg original films, tutorials etc)
• Photos (eg for website use, Look up tables, mock up images etc)
• Icon designs/artwork (eg business logos, business cards, website home pages etc)
• Software (eg add ons/plugins for video games, website templates etc)
• Knowledge (eg Coaching, teaching, financial, legal etc)
• Marketing services (eg Email campaign templates, add flyers etc)

What do all these products/services have in common?

They can be marketed and delivered online.

A business where goods or services are advertised for sale, and delivered, online lends itself (incredibly) well to an “Offshore” Corporate Structuring Plan. Here’s how it usually works:

• A nil tax offshore company (commonly an International Business Company “IBC”) is incorporated to own/operate the business
• You design/launch a website or Online Product/Sale portal which is owned by the Offshore Company
• The IBC owns all proprietary items (including also the/any Trademarks, Operating software/systems, soft products to be delivered to customers etc)
• Your website/landing page should ideally should be hosted in a nil tax/private Jurisdiction (Iceland is currently the most popular destination for such web hosting, Singapore is also often favoured)
• The clients find you and/or contact you via the web
• The IBC is seen to be managed and controlled from (and ideally beneficially owned from, see below) Offshore. This is achieved via the appointment of a (nil tax jurisdiction based) “Nominee” director.
• Your standard sale agreement/website terms and conditions should provide (a) that a contract is not formed until the customer’s offer is accepted by you (ie the Offshore Company) and (b) that the source of the income is the contract. Before the client clicks buy he/she clicks on a button acknowledging that he/she has read and agrees to be bound by your terms & conditions
• Acceptance of the buyer’s offer would be provided by the Company (which is seen to be managed from “Offshore” via a nil-tax-jurisdiction resident Nominee Director) sending an email or text to the buyer, after he/she has paid online; In simple terms what that means is that the situs of the Contract ie the place where the contract of sale (ie the agreement between you and the buyer for you to supply goods in consideration of the buyer paying), at law, is formed is the director’s location ie a nil tax environment…
• Hence the income – from which the contract of sale is the source – has been/is derived, prima facie, in a zero tax jurisdiction (every time a client buys and you send an email thanking him for payment that concludes as contract of sale at law)
• An Offshore account (which can/will also be set up to receive card payments via a merchant account) is opened in a nil tax banking centre
• Customers/clients contract with and pay the IBC; All such monies are banked free of tax in the first instance
• You or your local company would/could be contracted by the IBC to manage sales/delivery of product/website maintenance/whatever
• (If you need a regular income) You would invoice the IBC periodically (eg monthly) for this service which income would be assessable income in your home state – though a smart Tax Accountant should be able to assist you to claim a series of expenses against this income (eg home office, equipment, travel, phone/internet/utilities etc) to significantly reduce the amount of tax payable on this income
• Ideally once you start to grow you and to add substance you would be wise to set up your MD/Board and or a sales team to take orders and receive income in a low tax onshore environment (eg Hong Kong, Ireland, Singapore, Cyprus etc as per the Amazon/Google model).

As alluded to, in order to minimise the chances of the IBC being taxed onshore, ideally, the IBC should/would be (and be seen to be) managed and controlled from Offshore. How this can be achieved is by including a Nominee Director as part of the Corporate structure. For details of how that can work click on these links:

http://offshoreincorporate.com/faq/should-i-engage-nominees-or-should-i-direct-and-hold-the-shares-in-my-offshore-company/

http://offshoreincorporate.com/faq/how-can-i-protect-my-underlying-ownership-of-my-offshore-company-where-a-nominee-is-engaged-to-act-as-director-or-shareholder/

Ideally – so you can swear on oath in the event of a tax investigation, law suit or regulatory inquiry – I am not the beneficial owner of this Company, (which could get you around what might otherwise be a substantial tax or legal liability eg imprisonment for tax evasion) you will want to set up a Private Foundation to act as the shareholder of your IBC. (This should also assist you to get around CFC rules ie if you live in a country which has such regs).

With a bespoke legal/admin structure in place you should only be liable to declare and pay tax on income paid to you by the company (and/or on any distributions paid to you by the Foundation); The rest of your Online sales earnings you should be able to bank, and or invest, Offshore in a nil tax environment.

Similarly, if a product that you sell doesn’t perform and a customer tries to sue you the good news is your personal assets should not be at risk as the customer has contracted with a limited liability Company (ie the Company carries the legal risk, not you personally). Moreover, having your business incorporated Offshore in a foreign/strange land is of itself a deterrent. (Have you ever tried to sue/get money out of an “Offshore” Company? It’s the Litigation Lawyer’s equivalent of climbing Mount Everest!)

Local laws can have an impact. Hence you should seek local legal/tax/financial advice before committing to set up an IBC for such purposes.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

The impact of the Corona virus pandemic has sent markets into a state of turmoil the world over and has seen certain countries’ currencies weaken whilst others strengthen.

Such turbulence presents opportunities for professional currency (forex) traders.

If that’s your chosen field, you’ll be pleased to know that Currency Trading is an activity which lends itself well to an Offshore Corporate Structuring (Tax Minimization) Plan.

To summarise how it would work is:

• You set up a zero tax International Business Company (“IBC”)
• The Company is set up with a (nil tax jurisdiction based) “Nominee” director and with an Offshore “Office” (ie in a nil tax jurisdiction/the country of incorporation)
• The IBC opens an account with a Forex Broker
• You are appointed as the IBC’s authorised trader or Trading Manager (ie the Director delegates to you the power to place/responsibility for placing the buy and sell orders on behalf of the Company)
• All legal contracts/agreements (eg Brokerage Contracts) are signed, and all board meetings take place Offshore ie in a/the nil tax jurisdiction wherein the Company and or the Nominee Director is based.
• Ideally you would provide the Director with some kind of monthly Trading (ie buys and sell records) report.
• The Director ratifies/confirms all trades placed by you at the end of each Trading month
• (with this admin system in place) For source of income purposes the IBCs trading profits are seen to be generated by calls made ultimately by the Nominee Director ie in a nil tax environment, tax free/offshore
• When you need some living/spending money the IBC could pay you a wage, or consulting fees or a commission eg a percentage of trading profits generated (or could provide you with a tax free loan ie to assist with asset/investment purchases, see below)
• That living/spending money can be paid to your local bank account (which means it would be assessable income wherever you are ordinarily resident for tax purposes though you should also be able to claim a sizeable amount of allowable deductions eg for home office, car, equipment, insurances, travel, stationary etc etc to reduce the amount of your “taxable” income at home)
• If you don’t want the authorities to know how much money you are earning by way of wages potentially you could use an anonymous ATM or Debit/VISA card to withdraw your wages from an Auto Tele Machine (though technically – unless it’s documented as a draw down on an overdraft/loan from the Company – that would be classified as income for tax purposes ie reportable)
• You could also potentially draw down money from the Company tax free by way of loan or have the Offshore Company (or a subsidiary thereof) buy your investments (ie to avoid you having to receive money directly from the Company – which would likely have tax consequences).
• The majority of trading profits would be banked and or reinvested Offshore potentially tax free.

AND if you live in a country where the trading of forex is heavily regulated (eg The USA)  an Offshore Company can get you access to Brokers outside the your home country which offer much better trading terms/conditions (particularly in regards to leverage) than what you can get at home.

AND because a high percentage of our client base are professional forex traders we know and can introduce you to a wide range of quality Brokers (including Brokers who will accept as customers Offshore Companies set up and or owned by US persons).

Note:- to ensure that your name isn’t recorded in the Company registers as “beneficial owner” (and to get around CFC rules, should you live in a country which has them) ideally you would also set up a Private Foundation to act as shareholder of the Company.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

With the extreme market volatility we are seeing right now, thanks to the Covid 19 inspired economic downturn, the chance exists to make a, potentially once in a lifetime, small fortune Trading Shares on the International Stock Exchanges/Stock Markets.

You’ll be pleased to know that Share Trading is an activity which lends itself well to an Offshore Corporate Structuring (Tax Minimization) Plan.

To summarise how it would work is:

• You set up a zero tax International Business Company (“IBC”)
• The Company is set up with a (nil tax jurisdiction based) “Nominee” director and with an Offshore “Office” (ie in a nil tax jurisdiction/the country of incorporation)
• The IBC opens an account with a Share Broker
• You are appointed as the IBC’s authorised trader or Trading Manager (ie the Director delegates to you the power to place/responsibility for placing the buy and sell orders on behalf of the company)
• All legal contracts/agreements (eg Brokerage Contracts) are signed, and all board meetings take place Offshore ie in a/the nil tax jurisdiction wherein the Company and or the Nominee Director is based.
• Ideally you would provide the Director with some kind of monthly Trading (ie buys and sell records) report.
• The Director ratifies/confirms all trades placed by you at the end of each Trading month
• (with this admin system in place) For source of income purposes the IBCs trading profits are seen to be generated by calls made ultimately by the Nominee Director ie in a nil tax environment, tax free/offshore
• When you need some living/spending money the IBC could pay you a wage, or consulting fees or a commission eg a percentage of trading profits generated (or could provide you with a tax free loan ie to assist with asset/investment purchases, see below)
• That living/spending money can be paid to your local bank account (which means it would be assessable income wherever you are ordinarily resident for tax purposes though you should also be able to claim a sizeable amount of allowable deductions eg for home office, car, equipment, insurances, travel, stationary etc etc to reduce the amount of your “taxable” income at home)
• If you don’t want the authorities to know how much money you are earning by way of wages potentially you could use an anonymous ATM or Debit/VISA card to withdraw your wages from an Auto Tele Machine (though technically – unless it’s documented as a draw down on an overdraft/loan from the Company – that would be classified as income for tax purposes ie reportable)
• You could also potentially draw down money from the Company tax free by way of loan or have the Offshore Company (or a subsidiary thereof) buy your investments (ie to avoid you having to receive money directly from the Company – which would likely have tax consequences).
• The majority of trading profits would be banked and or reinvested Offshore potentially tax free.

Note:- to ensure that your name isn’t recorded in the Company registers as “beneficial owner” (and to get around CFC rules, should you live in a country which has them) ideally you would also set up a Private Foundation to act as shareholder of the Company.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

The Corona Virus has seen a stampede of entrepreneurs rushing to get set up Online. If that’s you (ie if you’re looking to launch an Ecommerce Store Online) you’ll be pleased to hear/read that such a business lends itself (really) well to an “Offshore” Corporate Structuring Plan. Here’s how it usually works:

• A nil tax offshore company (commonly an International Business Company “IBC”) is incorporated to own/operate the business
• You design/launch a website which is owned by the Offshore Company
• The IBC owns all proprietary items (including also the/any Trademarks, Operating software/systems, soft products to be delivered to customers etc)
• The website ideally should be hosted in a nil tax/private Jurisdiction (Iceland is currently the most popular destination for such web hosting, Singapore is also often favoured)
• The customers find you and/or contact you via the web
• The IBC is seen to be managed and controlled from (and ideally beneficially owned from, see below) Offshore. This is achieved via the appointment of a (nil tax jurisdiction based) “Nominee” director.
• Your standard sale agreement/website terms and conditions should provide (a) that a contract is not formed until the customer’s offer is accepted by you (ie the Offshore Company) and (b) that the source of the income is the contract. Before the customer can click the “Buy”button  he/she must on a button acknowledging that he/she has read and agrees to be bound by your terms & conditions
• Acceptance of the buyer’s offer would be provided by the Company (which is seen to be managed from “Offshore” via a nil-tax-jurisdiction resident Nominee Director) sending an email to the buyer, after he/she has paid online; In simple terms what that means is that the situs of the Contract ie the place where the contract of sale (ie the agreement between you and the buyer for you to supply goods in consideration of the buyer paying), at law, is formed is the director’s location ie a nil tax environment…
• Hence the income – from which the contract of sale is the source – has been/is derived, prima facie, in a zero tax jurisdiction (every time a customer buys and you send an email thanking him for payment that concludes a contract of sale at law)
• An Offshore account (which can/will also be set up to receive card payments via a merchant account) is opened in a nil tax banking centre
• Customers contract with and pay the IBC; All such monies are banked free of tax in the first instance
• You or your local company would/could be contracted by the IBC to manage sales/delivery of product/website maintenance/whatever
• (If you need a regular income) You would invoice the IBC periodically (eg monthly) for this service which income would be assessable income in your home state – though a smart Tax Accountant should be able to assist you to claim a series of expenses against this income (eg home office, equipment, travel, phone/internet/utilities etc) to significantly reduce the amount of tax payable on this income
• Ideally once you start to grow you and to add substance you would be wise to set up your MD/Board and or a sales team to take orders and receive income in a low tax onshore environment (eg Hong Kong, Ireland, Singapore, Cyprus etc as per the Amazon/Google model).

As alluded to, in order to minimise the chances of the IBC being taxed onshore, ideally, the IBC should/would be (and be seen to be) managed and controlled from Offshore. How this can be achieved is by including a Nominee Director as part of the Corporate structure. For details of how that can work click on these links:

http://offshoreincorporate.com/faq/should-i-engage-nominees-or-should-i-direct-and-hold-the-shares-in-my-offshore-company/

http://offshoreincorporate.com/faq/how-can-i-protect-my-underlying-ownership-of-my-offshore-company-where-a-nominee-is-engaged-to-act-as-director-or-shareholder/

Ideally – so you can swear on oath in the event of a tax investigation, law suit or regulatory inquiry – I am not the beneficial owner of this Company, (which could get you around what might otherwise be a substantial tax or legal liability eg imprisonment for tax evasion) you will want to set up a Private Foundation to act as the shareholder of your IBC. (This should also assist you to get around CFC rules ie if you live in a country which has such regs).

With a bespoke legal/admin structure in place you should only be liable to declare and pay tax on income paid to you by the company (and/or on any distributions paid to you by the Foundation); The rest of your ECommerce store earnings you should be able to bank, and or invest, Offshore in a nil tax environment.

Similarly, if a product that you sell doesn’t perform and a customer tries to sue you, the good news is your personal assets should not be at risk as the customer has contracted with a Limited Liability Company (ie the Company carries the legal risk, not you personally). Moreover, having your business incorporated Offshore in a foreign/strange land is of itself a deterrent to law suits. (Have you ever tried to sue/get money out of an “Offshore” Company? It’s the Litigation Lawyer’s equivalent of climbing Mount Everest!)

Local laws can have an impact. Hence you should seek local legal/tax/financial advice before committing to set up an IBC for such purposes.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

If you’re wanting to set up a new Company – and have/make your existing Offshore Company the owner thereof – here are the procedures that, in our experience, would ordinarily need to be followed (ie assuming your existing Company has a Nominee Director).

1. You would need to firstly explain to the Nominee director why it’s in the current Company’s best interests to form this new Company – an email sent to your Offshore Corporate Service Provider (“CSP”) addressed to the Nominee Director should suffice in this regard
2. The Company Director should appoint (or should already have appointed) you as an “Authorised Representative” of the Company. This will give you the necessary authority to liaise with the Company formation agent to arrange for all the docs that need to be prepared for the new Company to be formed
3. You’ll need to the email to your existing CSP the Incorporation application docs re the new Company that need to be signed by the existing Company “Nominee” Director
4. You should confirm to your existing CSP/the Nominee Director that you’ve sought legal advice in relation to the Incorporation docs (or explain why you say outside legal advice won’t be necessary prior to the Director signing the docs)
5. Your existing CSP’s Compliance Manager (or In-house Lawyer as the case may be) should review the docs as submitted and advise the Nominee Director so that the Nominee knows what he/she is signing
6. The existing Company will call a board meeting
7. At that Board meeting a Board resolution will be passed authorising (a) the existing Company to form the new Company and (b) authorizing a certain person to sign the incorporation docs for/re the new Company
8. This resolution will be drafted/put in writing in the form of a meeting minute and will be printed and signed by the Nominee Director
9. The Nominee Director will then sign the docs authorizing the incorporation of the new Company

10.The docs as signed will be emailed to you (and/or couriered to an address as provided by you as/if requested by you)

If you follow the above procedures at all times you have acted as would an employee or contractor of the Company.

As such your Private situation, ie as the actual Founder of/the person behind the Company, should never be revealed/compromised (ie assuming your existing Offshore Company has been structured/administered in a certain way).

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

Given the economic upheaval caused by the Corona Virus (COVID 19) pandemic, we have been contacted by a number of clients of late looking to set up a (or continue a) business whilst at the same time setting in place a solid asset protection solution.

The ideal scenario for most would be to set in place a Combo structure ie a tax- free Offshore Company PLUS a Private Foundation.

How it would work is:

1. The Company would/own/operate your business and receive all income in the first instance.

1. The Foundation would own (ie hold all shares issued by) the Company.

1. As money is earned (a) the Company pays you a living wage and (b) left over profits/monies are diverted to the Foundation:- The Foundation would either hold those monies at bank or divert the monies into certain investments as you may prefer.

Anyone trying to sue you personally would not be able to touch any of this money, even if you’re named as a beneficiary of the Foundation (in most cases the client his/her spouse and children are named as Foundation beneficiaries).

Why is that so?

Unlike its English cousin the Trust (where the beneficiaries hold a legally recognizable “beneficial” interest in Trust Assets and in certain instances can compel the Trust to pay them distribution), in the case of a Private Foundation, the beneficiaries:

(a) at law have no legal or beneficial interest in assets owned by the Foundation; and

(b) are not entitled to receive a distribution from the Foundation unless or until such time as the Foundation Council actually resolves to pay the beneficiaries a distribution.

In simple terms (if a Private Foundation is the shareholder of your tax-free Offshore Company) you don’t own the Company or any assets owned by the Company or the Foundation.

The end result?

Any person that you owe money to cannot seek recovery from your Offshore Company (or the Foundation)!

You could even transfer ownership of other “at risk” assets to the Foundation comforted by the knowledge that in most cases the would be predator would have little, if any, ability to claw back the asset/s.

Why is that so?

Most Foundation jurisdictions:

(a) do not recognize the operation of foreign law/judgments (ie the predator/creditor, even if he/she has a judgment against you in the country where you or the asset are located, would have to start a separate legal action/suit in the country wherein the Foundation is registered); and

(b) place a time limit on the ability of a Creditor to sue the Foundation (in most jurisdictions any action seeking return of an asset must be commenced within 12 months of the asset being transferred to the Foundation).

The most popular Foundation jurisdictions include:

Seychelles: https://offshoreincorporate.com/seychelles-foundations/ &

Panama: https://offshoreincorporate.com/panama-tax-free-foundations/

If you wanted to make it even more difficult for the predatory creditor (and if your budget can stretch that far!), additionally, you could interpose an Offshore Trust between the Company and the Foundation. Trying to tap into assets held by such a structure would be the Litigation Lawyer’s equivalent of climbing Mount Everest! (Here is an example of such a structure: https://offshoreincorporate.com/how-to-create-the-ultimate-tax-effective-offshore-corp/).

In such a scenario Belize is usually the favoured Trust Jurisdiction because its law uniquely provides that once an asset is transferred to the (ie Belize) Trust the transfer can’t at any time be clawed back by a creditor.

(Most Trust jurisdictions say that a law suit seeking return of an asset by a creditor of the Trust Settlor/Creator can be brought against the Trust if commenced within 12 months of the asset being transferred to the Trust).

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

Whenever there is a sudden downturn in the world economy (such as is occurring now thanks to the Corona virus) there is the potential to make a fortune on the Futures market.

If you’re a dedicated Futures Trader (or if you are looking to get in to the field) you’ll be pleased to know Futures and Options Trading are activities which lend themselves well to an Offshore Corporate Structuring Plan.

To summarise how it would work is:

• You set up a zero tax International Business Company (“IBC”)
• The IBC opens an account with a Broker
• The Company is set up with a (nil tax jurisdiction based) “Nominee” director
• You are appointed as the IBC’s authorised trader or Trading Manager (ie you are given the 100% authority to place the buy and sell orders on behalf of the company)
• All legal contracts/agreements are signed, and all board meetings take place Offshore ie in the nil tax jurisdiction wherein the Nominee Director is based. The director ratifies all trades placed by you on a monthly basis.
• For all intents and purposes the IBCs trading profits are generated by calls made ultimately by the Nominee Director in a nil tax environment tax free/offshore
• When you need some living/spending money the IBC pays you a wage, or consulting fees or a commission (eg a percentage of trading profits generated)
• That living/spending money can be paid to your local bank account (which means it would be assessable income wherever you are ordinarily resident for tax purposes though you should also be able to claim a sizeable amount of allowable deductions eg for home office, car, equipment, insurances, travel, stationary etc etc to reduce the amount of your “taxable” income at home)
• If you don’t want the authorities to know how much money you are earning by way of wages you could use an anonymous ATM or Debit/VISA card to withdraw your wages from an Auto Tele Machine
• You could also potentially draw down money from the Company tax free by way of loan or have the Offshore Company (or a subsidiary thereof) buy your investments (ie to avoid you having to receive money directly from the Company – which would likely have tax consequences).
• The majority of trading profits would be banked and or reinvested Offshore potentially tax free.

Note:- to ensure that your name isn’t recorded in the Company registers as “beneficial owner” (and to get around CFC rules, should you live in a country which has them) ideally you would also set up a Private Foundation to act as shareholder of the Company.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

Acting as a Yacht Broker is a line of business which lends itself well to an Offshore Corporate Structuring Plan.

In this model structure (ie as set out below) it’s assumed that you will be acting as a middleman between a buyer and seller and if the buyer and seller do business you get paid a commission ie typically a percentage of the sale/deal proceeds.

To summarise how it would work is:

• You set up a zero tax Offshore Company eg an International Business Company (“IBC”) with a nil tax jurisdiction based Nominee Director and a Nominee Shareholder (or a Private Foundation/Shareholder ie if you live in a country which has a CFC law)
• You are appointed as the IBC’s Authorised Representative
• On behalf of the IBC you negotiate terms with the Seller and or Buyer to pay your IBC a Commission if/when the Buyer and Seller do business
• The Broker agreement/contract is signed Offshore by the Nominee Director
• The source of the income is the contract.
• Because the contract was signed offshore in a nil tax environment there should be no tax payable on income generated by the contract (a) where the Company is incorporated and (b) where you live (assuming you structure and administer the Company in a certain way).
• When you need some living/spending money the IBC pays you a wage, or consulting fees or a commission (eg a percentage of trading profits generated)
• That living/spending money can be paid to your local bank account (which means it would be assessable income wherever you are tax resident though you should also be able to claim a sizeable amount of allowable deductions eg for home office, car, equipment, insurances, travel, stationary etc etc to reduce the amount of your “taxable” income at home). More sizeable amounts could be accessed by way of loan or a 2nd Offshore Company could be formed to buy your onshore investments
• If you don’t want the authorities to know how much money you are earning eg by way of wages you could convert your hard currency into Bitcoin and/ or you could use an anonymous ATM or Debit/VISA card to withdraw $ from an Auto Tele Machine (though technically that receipt would be assessable income for local tax purposes)

The majority of trading profits would be banked and or reinvested Offshore potentially tax free.

Would you like to know more? Then please Contact Us:

www.offshoreincorporate.com

info@offshorecompaniesinternational.com

ocil@protonmail.com

oci@tutanota.com

oci@safe-mail.net

ociceo@hushmail.com

For maximum speed and to minimise the chance of mistake we use tailor made software to produce Incorporation packs: