It is important to be wise and invest in your Future or your Family's Future. Living in the 20th century, we have so many different opportunities in which we can invest. One of the best ways to invest is to go Offshore.
Why you need an offshore structure
Before making money, you should have a good Offshore Structure in place. As the twentieth-century approach the demand for Offshore services worldwide has increase significantly. Offshore Structure is a big business and today's competitive game is won by those who can get the job done most quickly and efficiently. We go Offshore for many reasons. One of the reasons is for your Privacy. Do not wait until you have wealth before you go Offshore. You should plan ahead and be wise. If not, you can or will become a victim of lawsuit battless and could lose everything. Therefore, by going Offshore, you can protect your assests and not be a liability. Secondly, FREE TAXATION! Taxes are increasing every year and it is getting increasingly difficult to cope with it. It is not the concern of the Government how much you save for your Future, however, they are also concerned about the tax percentage that they can get from you. Think about the loss in tax and the profit to invest Offshore in a non-tax haven.
International Business Company [IBC]
In The Bahamas, legislation has been created in the form of the International Business Company [IBC] Act to provide a vehicle for all of the above plus many more. The users of an IBC are only limited by your imagination and new ideas surface everyday. The Government of The Bahamas, the fourth largest financial center in the world, are at pains to perserve your privacy and, at the same time, the integrrity of the financial services industry here.
With more than 400 Banks and Trust Companies, all rigorously audited by the Central Bank, and with strict enforcement of money laundering regulations, it is the second largest industry in The Bahamas. Since its independence in 1973, The Bahamas is politically and economically stable and boasts an excellent professional infrastructure and stringent bank secrecy laws. The Bahamas has no tax treaties with any other nation and has no interest in the requests of other nation to do so. Also, since there are no personal or corporate taxes in The Bahamas, any request to a court in respect of a tax matter is not admissible.
We welcome your business provide the move offshore is fully respectful of the law.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Cayman's anglers and divers will be the key beneficiaries of a recent award received by the Department of Environment (DoE) and its partners, which will be used to promote the sustainable management of marine species that enhance Cayman's delicate, vibrant and economically vital reefs.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”