Why Go Offshore
As an individual's commercial and personal affairs vary from person to person, so do the reasons for going offshore. More and more people are realizing the benefits to internationalizing one's affairs for both profit and security.
Some of the myriad reasons for moving offshore are:
ASSET PROTECTION
Asset protection is the proactive positioning of one's assets beyond the immediate reach of future potential creditors and/or adversaries. This objective is achieved by simply making one's assets unattractive and legally unreachable by such parties. This is the primary objective of offshore asset protection planning.
This is a primary reason for like-minded individuals and corporations to go offshore due to the litigious nature of our society and the ever-increasing use of civil forfeiture at all levels by Governments of most industrialized nations. And this is the primary reason for US citizens to go offshore due to the litigious nature of US society and the ever-increasing use of civil forfeiture at all levels.
TAX REDUCTION
It is in everyone's rational self-interest to seek ways in which you can lawfully reduce tax liabilities. One's tax burden can be significantly reduced by proper structuring of both personal and commercial activities in other jurisdictions, especially those that are know as "tax havens" due to their low-tax/no-tax laws.
INTERNATIONAL INVESTMENT OPPORTUNITIES
There are many exciting, dynamic investment opportunities are not currently available "ON-SHORE" and are only available offshore. Most of the stocks traded around the world are outside your home country, indicating significant investment potential abroad. Thus, an international component may actually increase your portfolio returns, reduce overall portfolio volatility over the long term through diversification and take advantage of market capitalization outside your home country. Clearly, if your portfolio is not invested in foreign markets, you may well be missing out on significant investment opportunities from around the world. Furthermore, if you look overseas for investment opportunities, you can invariably discover that you have a vastly greater basket of funds, markets and interest earning, tax-deferred possibilities than those on offer to the domestic investor.
Other important reasons for moving assets and activities offshore include:
FINANCIAL DIVERSIFICATION
For individuals who live in economically and/or politically unstable countries, having assets abroad can be the difference between financial security and financial ruin. In a similar vein www.Finor-Group.com advocates global investing for any client based on the grounds that, for the long-term investor, focusing all of one's investment eggs in his domestic market is an unnecessary portfolio risk.
GREATER FINANCIAL PRIVACY
“Big Brother” is an ever-increasing reality in most all of the developed countries of the world. As a result, many individuals seek the greater privacy they require by moving assets and activities to the offshore world. Confidentiality of one's personal affairs is an obtainable objective.
ESTATE PLANNING
Considering the combined forces of estate, income and excise taxes, it is easy for a considerable estate to be eaten up by government alone. With proper estate planning one's investment income and assets can be eventually passed on to designated beneficiaries with minimal tax liability and hassles.
If you have decided that a portion of your asset base and activities could benefit from a move offshore, we invite you to examine the multiple options available to you, by contacting the professionals at www.Finor-Group.com
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