If it’s pure asset protection you’re looking for what you might want to do is set up an Offshore Trust or Private Foundation at the base of the tree as the ultimate holding vehicle.
Commonly the Trust or Foundation owns a tax advantaged or tax free Offshore Company or Companies. The Offshore Company is typically deployed to own/operate a business ie particularly if your business fits one of these categories (as all such businesses lend themselves well to an “Offshore” Corporate Structuring Plan)
- Import/export
- Online trading (eg forex/commodities/shares/derivatives/precious metals etc trading)
- Software development
- Buying and selling Petroleum products
- Working abroad as an expat (eg in a Profession or the Oil/Gas Industry etc)
- Ecommerce
- Online marketing
- Cryptocurrency Trading/Investment etc
- ICOs
- Bitcoin/Cryptocurrency Exchange
- General consulting/contracting to an international clientele
- And more
Depending on your business model, what we sometimes do ie where the client has a current business which is owned by an Onshore Company (and it’s impractical to shift ownership of that Company/business to a tax free Offshore Company) is we interpose a low tax Holding Company between the Onshore Company and the nil tax Offshore Company/Holding vehicle. (Check this link which explains in detail what a Holding Company is: https://www.dropbox.com/scl/fi/27x81ebqsn2huxxx4ks58/What-is-a-LOW-TAX-Holding-Company-and-How-Are-Holding-Companies-Used.docx?rlkey=qmy29g1zbazubxf8fpzujrhkg&st=6vrjr1up&dl=0 ).
For clients looking for supercharged Asset Protection Options we commonly deploy a triple Structure ie a nil tax Offshore Company + a nil tax Offshore Asset Protection Trust + a Private Foundation. Here’s one such example: http://offshoreincorporate.com/how-to-create-the-ultimate-tax-effective-offshore-corp/
Also check this article “Why set up a Triple structure”: https://www.dropbox.com/scl/fi/p2n5zzmu8wiw4jy28jcvr/Why-Set-up-a-Triple-Structure.docx?rlkey=718dl6gp1xfr3rmqzu0cfyzsy&st=v5pkyhxe&dl=0
In essence we can build as many layers into the structure as you like and bury ownership details so far from view that no one should ever be able to discover who set up or who is behind the Company/structure. The only limit is your imagination (and your budget!).
Offshore Asset Protection Trusts
For information on what an Offshore Trust is, how a Trust can be used and the different kinds of Trusts you might/could form please click on these links: http://offshoreincorporate.com/offshore-trusts/
We can assist you to set up an Offshore Trust in Belize, Seychelles, Nevis, the BVI, Mauritius and The Cook Islands.
For detailed information on the features and benefits of the Belize Trust click on this link: http://offshoreincorporate.com/international-trusts/belize-tax-free-trusts/
For detailed information on the features and benefits of the Seychelles Trust please click on these links: http://offshoreincorporate.com/seychelles-international-trusts/ & http://offshoreincorporate.com/seychelles-international-trusts-fact-sheet-2/
For detailed information on the features and benefits of the Nevis Trust please click on this Link: https://www.dropbox.com/scl/fi/vzzui9kxzd571lduoxs65/Nevis-Trusts-Overview.pdf?rlkey=d4ei03ox3kqkagjyi4vol4qah&st=12cawey4&dl=0
For detailed information on the features and benefits of the BVI Trust please click on this Link: https://www.dropbox.com/scl/fi/klfs8v2ovjy4iqlc6vimq/BVI-REGULAR-TRUSTS.docx?rlkey=c7lzemcl49g1bdlutknsmbsxn&st=kem8goqm&dl=0
For detailed information on the features and benefits of the Mauritius Trust please click on this Link: https://www.dropbox.com/scl/fi/dlyoxsi1m40di6box7cth/Mauritius-Trusts.pdf?rlkey=gn3otgnd7zauurwtxeuv9yvlv&st=3k4ufeza&dl=0
For detailed information on the features and benefits of the Cook Islands Trust please click on this Link: https://www.dropbox.com/scl/fi/8tfclpp49xofuwiphmjxo/Cook-Islands-Trusts-Info-Sheet-CURRENT.pdf?rlkey=m9mc4gygo614ue12ki86uyljd&st=jpa1p29u&dl=0
(You may be interested to know the most popular jurisdictions with clients looking to set up Asset Protection Trusts are:
1. Belize
2. The Cook Islands
To register a Seychelles or Nevis Trust or Panama will cost $US3,500. In 2nd and subsequent years the maintenance/service fee is $2,500.
To register a Belize or Mauritius Trust will cost $US2,990. In 2nd and subsequent years the maintenance/service fee is $2,500.
To register a Cook Islands Trust will cost $US7,000. In 2nd and subsequent years the maintenance/service fee is $4,500.
To register a BVI Trust will cost from $7,850. In 2nd and subsequent years the maintenance/service fee is $3,500.
Private Interest Foundations
A lot of Lawyers (myself included) believe that a Foundation is a better option than a Trust. Check this article “Why a Foundation is Superior to a Trust FAQ” which explains why: https://www.dropbox.com/scl/fi/g03hztpck7s05kmnhd0d6/Why-a-Foundation-is-Superior-to-a-Trust-FAQ.docx?rlkey=wiiae4507e5lbw00unsh0sb3m&st=bti3bc6f&dl=0
For information on what a Private Interest Foundation is and how one can be used please click on this link: http://offshoreincorporate.com/private-interest-foundations/
We can assist you to set up a Private Interest Foundation in either Panama, The Bahamas, Belize, Seychelles, Mauritius & Nevis.
For detailed information on the features and benefits of the Panama Foundation please click on this link: http://offshoreincorporate.com/panama-tax-free-foundations/
For detailed information on the features and benefits of the Seychelles Foundation please click on this link: http://offshoreincorporate.com/seychelles-foundations/
For detailed information on the features and benefits of the Belize Foundation Check this Link: https://www.dropbox.com/scl/fi/m0e13cs0y0v0rurujm56c/Belize-Private-Interest-Foundations-Page.docx?rlkey=xqb8k9d89n34xfpckn7x1t9q6&st=xzdib1fw&dl=0
For detailed information on the features and benefits of the Nevis Foundation Check this Link: https://www.dropbox.com/scl/fi/jlrn97qzks2i2co64zakb/Nevis-Foundations-Info-Brochure.docx?rlkey=xqv34xec4a8bjcslzh2amwwoj&st=prfa76ll&dl=0
For detailed information on the features and benefits of the Mauritius Foundation Check this Link: https://www.dropbox.com/scl/fi/98zo2znk2vmrsz8rn0nm8/Mauritius-Foundations-Fact-Sheet.docx?rlkey=809q6zqupd0msn9f0037kxlof&st=kxkgmzw7&dl=0
For detailed information on the features and benefits of the Bahamas Foundation Check this Link: https://www.dropbox.com/scl/fi/dvd91uko2sfo7zguth10f/BAHAMAS-FOUNDATIONS-FACT-SHEET.docx?rlkey=xg74yhoiqrzncjtc099vpt8g7&st=32ehbj0r&dl=0
Given its superior tax planning and asset protection features historically most of our clients (90% +) have chosen to register their Foundation/s in Seychelles. For detailed information on the unique benefits a Seychelles Foundation can deliver please see click on this link: http://offshoreincorporate.com/seychelles-foundations-fact-sheet/
To register a Foundation will cost from $US1,900 (and to maintain from 2nd year, from $1,600 p/a). For those who have tax planning and pr privacy needs we can also supply a Nominee Founder + a Nominee Councillor (and even a Nominee beneficiary) as/if required
Nil & Low Tax Offshore Companies
We can assist you to incorporate nil tax or low tax Companies in a wide range of jurisdictions including:
- Seychelles
- Belize
- BVI
- Hong Kong
- Panama
- Nevis
- Anguilla
- Cyprus
- Gibraltar
- USA
- Australia
- UK
- Samoa
- St Vincent & The Grenadines
- Marshall Islands
- RAK (UAE)
- Ireland
- Vanuatu
- Mauritius
- Malta
- The Cook Islands
- Estonia
Would you like to know more? Then please Contact Us:
info@offshorecompaniesinternational.com
DISCLAIMER: OCI is a Company/Trust/LLC/LP/Foundation Formation Agency. We are not tax advisers or legal advisers. You are advised to seek local legal/tax/financial advice in regards to your local reporting/tax requirements before committing to set up or use an Offshore Company or other entity.
