There are a variety of advantages to using an IBC to move assets offshore, just a few of these are:
Asset Protection - To protect your real property and "liquid property" (CASH) against future legal claims arising from divorce proceedings, bankruptcy, aggressive creditors and other varieties of litigation. Estate Planning - IBCs, especially when combined with additional entities ( Foundations, Trusts and the like ) are the IDEAL vehicle for accumulation of wealth through investment income as well as oreserving wealth over the long-term for your beneficiaries/loved ones on a low or NO tax basis, thus potentially eliminating inheritance, income, and/or capital gains taxes; Privacy & Confidentiality - Keep your business affairs and assets away from prying eyes such as potential claimants, ex-spouse(s), aggressive creditors, business competitors, and any other parties; LEGAL Reduction of Tax Liability - Through the use of Legal International Tax Planning - many foreign jurisdictions can offer fully legal opportunities for reducing your potential tax liability.
What Can an IBC Actually "Do"?
An IBC can actually help you accomplish a variety of goals, in many different ways, i.e.:
Open and Hold Bank Accounts. Hold and Transfer Funds Globally. Engage in International Business and other related Transactions Globally. Hold and Manage a variety of offshore investments such as stocks, bonds, mutual funds, CFDs, CDs, etc. many of which may not be available to "individuals" depending on their location of residence. Hold Corporate Credit Cards and Debit Cards thereby allowing you convenient access to funds to potentially cover your legitimate expenses.
About the author:
Ron Z. Mendelson, Managing Partner at Offshore Secrets Network, is a
recognized leading expert in wealth management. Offshore asset
protection and international business.
His expertise covers various
fields including: wealth management & protection, international investment, foreign asset protection structures, international business corporations, international banking, offshore online gaming business services , and traditional e-commerce business services.
Ron Z. Mendelson