USING OFFSHORE ASSET PROTECTION
Offshore Asset Protection Advantages
Offshore asset protection strategy has many advantages vs. asset protection utilizing your local structures. Main offshore asset protection advantages are:
- Possibility to use different flexible entities such as: international trusts and private interest foundations
- Offshore trusts and foundations legislation is settlor/founder oriented
- Offshore jurisdictions provide the highest possible level of confidentiality, that doesn't exist in local structures
- Offshore jurisdictions will minimize likelihood of litigation in comparison to onshore asset protection structures. As an example to file any suit against trust or foundation in Nevis, there is a minimum of 25,000 USD bond requirement.
Offshore Asset Protection structures such as an offshore trust or an offshore foundation can be packaged with an offshore company (Offshore LLC or Offshore IBC). Use the trust or the foundation to protect your assets offshore and use the offshore company to conduct business or investment activity, while the company is owned by the trust or the foundation. Our offshore asset protection packages are available with enhanced privacy and confidentiality features (nominee director, nominee shareholders - for companies; agent trustee - for trusts; agent council member services - for foundations).
Our offshore asset protection packages are flexible and allows you to choose an offshore company from five jurisdictions (Anguilla, Belize, Dominica, Nevis or Panama), while combining it with an Offshore Private Foundation from one of four jurisdictions (Anguilla, Belize, Nevis and Panama) or an International Trust from one of the two best jurisdictions for asset protection trusts (Belize or Nevis). All our asset protection packages can be ordered using our online Offshore Asset Protection Package Order Form.
Functionality of a Bulletproof Asset Protection Package
The best combination of offshore entities for bullet proof asset protection is an offshore asset protection structure (trust or foundation) from a jurisdiction that is different from the offshore company (IBC or LLC) jurisdiction, example, a Nevis Foundation holding the shares of a Dominica IBC or Belize Trust owning Nevis LLC*.
The functionality of the packages are most obvious when you need to carry on day to day business or investment activities. While the trust and the foundation are the vehicles used for asset protection and passive investments, they are not recommended for day to day business activities, and so the offshore company will be the entity used for all types of business and investment activities. Offshore accounts can be opened in the offshore company name and also can be opened in the name of the foundation. All income generated by the offshore company is 100% tax free.
How To Set Up an Offshore Asset Protection Package?
The process is simple and streamlined, with easy to follow instructions. Follow the steps in our easy to use online forms, and pay and submit your order. Once your order is confirmed, the asset protection package can be completely formed within 3-7 days, but may take more time depending on the jurisdictions involved. If you are ready to order, go to offshore asset protection package form now.
CCP makes formation of the offshore asset protection packages easy and fast, offering all the services required, trustee (for trusts), secretary, nominees (for offshore companies) or member services (for foundations).
If you are not comfortable forming companies and foundations using our online services, please contact us via email or phone so we can take your order offline.
*NOTE: While the settlor of a trust can be the trustee in Belize and Nevis Trusts, this set up is NOT recommended for asset protection. Further, asset protection is best provided by an irrevocable trust.