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SECURE YOUR FUTURE - PROTECT YOUR ASSETS - GO OFFSHORE ! Each year, increasing numbers of investors are attracted by international financial centers to establish businesses in the form of an offshore company, offshore trust, offshore mutual fund, offshore insurance company, offshore bank account or to even start their own offshore bank. It is estimated that 60% of the world's wealth is held in offshore accounts through offshore companies or offshore trusts and that 50% of the world's trade in goods is transacted through various offshore jurisdictions. As the years have progressed, so has the application of offshore services and the number of offshore jurisdictions offering such benefits. Offshore companies or offshore trusts are not the illicit hideaways from tax authorities as sometimes presented. When set up and managed correctly, they in fact provide enormous tax savings and asset protection in a perfectly legal manner. In simple terms, an international business or offshore company is usually a normal limited liability company (LLC), which is used as a tool by corporations and individuals throughout the world to legally direct profits out of high tax countries into offshore jurisdictions or international offshore centers, thus taking advantage of low or zero taxation rates and various treaties prohibiting double taxation. PROFESSIONAL OFFSHORE SERVICES Our comprehensive range of services includes: - Offshore incorporations & management We are a one-stop facility for all our clients' investment, corporate, and tax planning needs. We have developed one of the largest offshore jurisdiction and tax knowledge databases in the world, which is a great help for the serious and professional investor. We offer offshore services and management in all offshore jurisdictions; our offshore companies and offshore trusts formation is fast and cost effective. If you need to register your yacht or private jet, or if you are a ship owner looking for convenient ship flag jurisdiction, simply contact us and we will perform all necessary formalities. If you need legal advice and representation or you are facing court proceedings against you or your company, our team of experienced lawyers will do their utmost to defend your assets, legal rights and commercial interests. Once we have registered your new offshore company or offshore trust, you'll need to organize your business operations, open bank account(s), design your logo and stationery, create your new web site and register your trademark- our professionals will facilitate all of these steps. Additionally, you may make use of our business facilities and accounting & tax services, so your business operations will run as smoothly as possible. Europe
What does it mean for a ship to be registered? Like human beings, ships have to have a legal name and address but the analogy ends there, because a ship needs much more. The principal purpose of the registration is to provide proof of ownership. Being a professional agent, this enables yacht and ship owners, managers and charterers to take advantage of the legislation of 35 offshore maritime jurisdictions with favorable fiscal regimes and universal support to the shipping industry. Many yacht and ship owners prefer to keep their ownership confidential, therefore the majority of yachts and ships are owned by companies and corporations rather than individuals. We can offer advice as to the flag of convenience that would best suit your individual needs and, of course, can register a specifically tailored corporate structure for holding and protecting a vessel. While selecting a suitable jurisdiction and a flag for the vessel, there are a number of factors to take into consideration. The major factors are: registration costs and annual fees, the flag and the jurisdiction, tax implications, nationality of the owner and the expected area of operation. Purchasing a yacht or a ship is a major acquisition which requires careful planning, and our offshore professional consultants can guide you through this process. WANT TO MAKE YOUR FORTUNE GROW? CONSIDER OFFSHORE BANKING! Offshore banking has increased rapidly around the world since the mid-1960s because of the growth and liquidity of world financial markets. The full spectrum of financial services from offshore banks include deposit taking, money transmissions, provision of foreign exchange, trade finance, credit facilities, investment custody, investment management, fund management, trustee services, and corporate administration. Offshore banks provide access to politically and economically stable offshore jurisdictions that may be of advantage for those living in areas where there is a risk of expropriation or where there is instability or corruption within the banking system. Many offshore banks offer services that may be unavailable in one's country of residence. The British Virgin and Cayman Islands, to name a few, prohibit the disclosure to any third-party of information pertaining to a client’s affairs without the client ’s explicit written permission under penalty of law. Some offshore banks may even provide higher interest rates than banks in the home country. The majority of offshore banks operate within highly regulated environments under national monetary bodies such as Central Banks, Financial Services Commissions, etc. These banks are required to maintain capital adequacy requirements in accordance with international standards, and they must submit financial reports at least quarterly to the regulator on the current state of their business. One common misconception about offshore banking and offshore accounts is that they can legally prevent assets from being subject to personal income tax or interest. This conception is usually not applicable because the personal income tax statutes of most countries makes no distinction between interest earned in local banks and those earned abroad. For instance, people subject to US income tax are required to declare any offshore bank earnings they may have. An offshore bank account will allow you to safely and privately explore, with few restrictions, the far reaches of the vast and diverse financial universe; from the bond markets of Korea to the stock exchanges of Eastern Europe; from ultra-private Liechtenstein trust arrangements to the most successful funds; from unique commodity investments to Caribbean corporations; from Israeli nanotech start-ups to age-old European blue-chips; from the mysterious and secretive world of offshore mutual funds to tax-free Swiss gold accounts; from Isle of Man Insurance contracts to Danish multi-currency investment accounts; from uniquely structured tax-free Austrian funds to Bulgarian mortgages; and much more beyond.
WHO CAN BENEFIT FROM OFFSHORE BANKING? The profile of a typical offshore bank account holder generally depends upon whether the account holder is an individual client or a corporate client, but both have one thing in common, offshore banking provides a series of advantages for both. Offshore banks provide access to politically and economically stable jurisdictions. This may be an advantage for those residents in areas where there is a risk of political or economic turmoil who fear their assets may be frozen, seized, or disappear - eg. during economic crisis, etc. Some offshore banks may operate with a lower cost base and can provide higher interest rates than the rate in your home country due to lower overheads and a lack of government interference. Interest is generally paid by offshore banks without tax deducted. This is an advantage to individuals who do not pay tax on worldwide income or who do not pay tax until a tax return is prepared. Some offshore banks offer banking services that may not be available from domestic banks such as anonymous offshore bank accounts, numbered accounts, higher or lower rate loans based on risk and investment opportunities not available Offshore banking is often linked to corporate structures such as offshore companies, offshore trusts or foundations which may have specific tax and asset protection advantages for some individuals. Offshore finance is one of the few industries, along with tourism, that geographically remote island nations can competitively engage in. Offshore banking and finance can thus help developing countries to source investments and create growth in their economies, and can help redistribute world finance from the developed to the developing world. Offshore banking creates additional tax and banking competition and is an advantage to the industry as tax competition allows people to choose an appropriate balance of services and taxes.
CORPORATE CLIENTS The majority of people who open an offshore bank account fall into one of the three following general categories:
The ‘type’ of person who falls into the above three categories range from those with inherited wealth to those who have earned it; all utilize offshore banking for the benefits of taxation planning, estate planning, privacy and asset protection. OFFSHORE BANKING FAQ Is it legal for me to have an offshore bank account? If I have to pay taxes, why should I bank offshore? Is it convenient to use offshore banks?
Over the last several years we have helped our clients to achieve effective, safe, confidential and affordable corporate structuring, tax planning and asset protection, guiding them every step of the way. If you need to open an offshore corporate bank account we can assist you to select the best structure and the most suitable banking institution. With one phone call, or even just the click of your mouse, an offshore bank account will allow you to:
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For a Private Consultation Asset Protection | Limited Liability | Financial Privacy The Firm of Adams, Ewing & Craft LLLP Asset Protection | Income Strategies | Tax Reduction | Resources | Company Profile | Contact © 2010 Bridgeway Financial Corporation™ | Website maintained by Lanski Marketing Asset Protection from Lawsuits, Wealth Preservation, Debt Elimination, Business Entity Formation, Investment Banking Consulting, Tax Reduction Consulting are based on sound principles of law, prudent forward planning, and compliance with the Internal Revenue Code. Tax evasion is illegal. Per IRS Circular 230, nothing herein may be used by any taxpayer to avoid penalties under the Internal Revenue Code for noncompliance or to support the promotion of any particular federal tax transaction. Taxpayers should confer with a Certified Public Accountant as to federal tax matters and timely file any applicable IRS forms or tax returns. DISCLAIMER: All information contained in this website is for education purposes only. Bridgeway Financial Corporation™, and its agents and affiliates, cannot and will not render any legal, investment, financial or tax advice of any kind, unless said agent or affiliate is duly licensed by the applicable state and/or federal authority to give said advice. |
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