Why form an Offshore Corporation?
The primary reasons individuals and companies employ offshore investment and offshore company structures are as follows:
- offshore asset protection
- financial privacy
- international business company creation
- international investment options
- to provide for the transfer of family wealth
There are a number of possible offshore entities, such as an offshore company, an offshore trust or another offshore investment, that both individuals and businesses can use. These offshore entities preserve and protect privacy, protect assets and make investments through a variety of high-yield vehicles. International Business Company (IBC) creation, Asset Protection Trusts (APT’s or offshore trust) and Foundations are the principal means utilized by various asset protection and privacy strategies.
Who Goes Offshore?
The vast majority of professionals and small businesses can now employ the advantages of offshore financial services in their asset protection. Moreover, those individuals who are concerned about the erosion of personal and business privacy can significantly enhance their ability to maintain confidentiality. Advances in communication technology (such as the internet) make the offshore industry accessible, convenient and affordable for:
- individuals and businesses seeking offshore/international investment vehicles
- anyone seeking to protect assets from court actions and creditors
- professionals, such as doctors, lawyers, engineers, architects and small business owners
- men or women considering marriage without a pre-nuptial agreement
