Offshore asset protection has turned out to be a hotbed among global investors that provides them with the flexibility to safeguard their assets for their future generations. Along with gaining tax exemption, business investors also experience numerous benefits like offshore bank accounts or even conducting business operations online, which turns out to be much more flexible.
Now, with the growth of the offshore industry, the government of various nations across the globe have been trying to convert the onshore locations as profitable offshore destinations to attract global investors.
However, before proceeding forward and investing, one needs to be aware of the available options. If you are also looking forward to investing in asset protection, this treatise is a must-read for you.
- Belize
Belize, one of the famous offshore business destinations, is a perfect business destination when it comes to asset protection.
The ground provides numerous benefits to the business investors, along with an offshore bank account. Also, the flexible laws of the business ground attract business investors massively.
Setting up a trusted company in Belize is a smart move; however, before proceeding ahead, one must have a clear idea regarding the Top 10 Benefits of Offshore Company Registration in Belize.
- Seychelles
The next option that you can proceed ahead with is Seychelles, a country located in East Africa. Investors hold the following options to proceed ahead with when it comes to the incorporation of a trusted company to deal with asset protection:
- Private Foundations
- Offshore Companies
- Offshore Trusts
Here’s a guide on the Seychelles Asset Protection Provision, which will help you get a hold of the groundwork before investing.
- Cook Islands
The next option you can proceed ahead with is the Cook Islands, located in the South Pacific Ocean. Incorporation of the offshore companies in the Cook Islands needs to comply with the Cook Islands International Companies Act 1981.
The establishment of an offshore company for asset protection can be completed in a hassle-free way in the region if followed with the guidance of certified business experts.
Have a look at the process of How to Set Up Cook Islands Offshore Company that will give a complete idea regarding the steps that are to be followed.
- Nevis
Next on the list is Nevis, another popular offshore destination to carry out the offshore business process. Also known as the Caribbean of Nevis, the location has turned out to be one of the top ten offshore business destinations that provide high-end security and confidentiality to the business investors, which provokes them to set up an offshore company in the ground.
Before you decide to invest, have a look at the Benefits of Offshore Company Formation in Nevis.
- Cayman Islands
An ideal location that serves out to be an excellent ground for investments, traders, and e-commerce business, Cayman Islands is a profitable business destination widely opted by business investors when it comes to asset protection. Offshore company incorporation in the Cayman Islands is one of the feasible moves to proceed ahead when it comes to asset protection. The process can be completed within a few days, provided and the guidance of a certified expert.
- The British Virgin Islands
Finally, you can proceed with the British Virgin Islands (BVI), which turns out to be an ideal ground for asset protection investment. Located at almost 60km from Puerto Rico, the destination turns out to be a good ground for wealth management and asset protection.
To protect the assets held by an individual or by a business entity, one can incorporate a trusted company. One can proceed ahead with the following options:
- Fixed Interest in Possession Trust
- Accumulation and Maintenance Trust
- Discretionary Trust
- Revocable Trust
- Charitable Trust
- Non-Charitable Trust
- VISTA Trust
Here’s a guide on the offshore company incorporation in the British Virgin Islands (BVI), which will help you understand the grounds.
Thus, by now, you have got a wide range of choices that you can rely on when it comes to setting up an offshore company intending to protect the relevant assets held by a business entity or by an individual.
Now, when it comes to implementation, it becomes essential for the business investors to comply with the relevant legal proceedings, which must turn out to be error-free. Now, being a foreigner, it might turn out to be way difficult to understand the compliances and act accordingly. So, one of the recommended ways through which you can get the quality output is to seek the advice of a professional business consultant who has been dealing with offshore company incorporation for years.
Business Setup Worldwide, one of the best business consultants in Dubai, has been dealing with the company incorporation process for numerous years. Since its inception, it has been helping the business investors to start their offshore business across numerous global locations
Our business experts are well-versed with the company incorporation process and can help you deal with it accordingly by providing tailored solutions accordingly.
In case you hold any queries or want to initiate further steps, feel free to have a word with our business experts. Contact us today-we’d be glad to assist!
