Virtually anyone with a net worth
can benefit from the use of an IBC. Imagine operating your business and
personal affairs with 100% confidentiality, with no restrictions on
your business or tax penalties on your profits in your chosen
jurisdiction. Imagine operating without the constant fear of law suits
or creditors waiting in the wings to attack your hard earned profits.
Currently banks automatically report to government agencies on the
activities of their clients, including you. What's worse, your hard
earned savings can now be legally garnished from your bank account by
government agencies and creditors who may believe they have a claim
against you. In fact, you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000.
Not a lot of money!
Listed below are some of the benefits of having an IBC:
Offshore banking -
Hold offshore bank accounts in an IBC name and bank in complete privacy while utilizing tax-free jurisdictions.
Hold assets confidentially -
Protect what you own. With the ever-increasing chances of litigation
being brought against you and your business, don't take any chances;
use an IBC to shield your assets. IBC's can protect you from product
liability, malpractice suits if you are in the medical field, creditors
and even divorce proceedings.
Hold titles to properties and other physical assets -
IBC's can be used to hold real estate, valuable collections, precious metals, and shares of any offshore company of your choice.
Preparing for retirement -
Take steps to protect your assets
for retirement. Place assets into an IBC where no tax is applicable.
Make sure your loved ones will gain the full benefit of your estate
without large death duties consuming their inheritance.
Lease equipment and Real Estate -
Equipment and real estate can be held in an IBC name and then
leased out to onshore companies with income directed offshore to any
tax-free jurisdiction of your choice.
Borrowing and lending -
Take out a loan from your offshore company and issue it to your onshore company.
Invest in international markets, commodities, options and bonds. -
Make stock trades through your IBC brokerage account allowing you
to trade in a tax-free jurisdiction and increase your profits
dramatically.
Operate shipping companies and owning boats/ships -
By registering your boat or shipping company offshore, your tax
and liability will be held to a minimum in your chosen IBC
jurisdiction.
Hold intellectual property -
Protect your ideals. Hold your Intellectual property in an IBC for a reduction in reporting and regulatory compliance.
Sell your products or services internationally -
Start selling
your products internationally in a jurisdiction that allows you maximum
tax saving with little to no government interference.
Consulting services -
Establishing your consulting service
offshore will increase your corporate exposure while keeping tax and
operating expenses to a minimum.
Draw up contracts under IBC -
If you are entering into a contract with a company but want to limit
your liability, have your nominee director of your IBC sign on your behalf.
About the author:
Peter Flowers is the owner of Liberty_Entreprises Inc., a resource for offshore banking services. For more
information about offshore banking, please visit the website http://www.confidentialbanking.com
