All You Need to Know About Moving Assets Offshore

Tuesday, October 13, 2015, 6:00 AM | Leave Comment

There are several advantages associated with moving your assets offshore. Internationalizing assets is a way to protect your Golden Egg from currency risk, lawsuits, and confiscatory high taxes that most conservatives are opposed to.

Just one war or the passage of new laws that take away from financial privacy can devastate your financial future if you keep your taxes with domestic banks.

Fortunately, there are ways for you to move your assets to offshore financial centers that can act as asset protection vehicles.

Read on to learn more about why more and more individuals are moving assets offshore as a sensible protective measure to keep their wealth intact.

All You Need to Know About Moving Assets Offshore

  1. What Types of Risks Exist When You Hold Your Assets in One Country?

    You might automatically assume that your money is safe when you do business with what you believe to be honest domestic banks.

    While most trustworthy banks are FDIC-insured, the money that is deposited into bank accounts, savings accounts and other investment vehicles may not necessarily be protected from political developments in America or in other countries that could lead to asset confiscation.

    You have no control over political risk or any of the factors that can lead to currency losses that can affect the values of your accounts.

  2. How is Offshoring and Internationalizing Your Assets a Protective Measure?

    When you move assets or retirement accounts offshore, you can hold more than one currency at once so that your assets are safeguarded against civil or political unrest in a single country.

    You need to realize that there is no way that you can make your assets completely immune from currency risk, but it is possible to hedge against the loss by holding foreign currency that is not directly influenced by the currency in your home country.

    Holding several foreign currencies is essentially like diversifying your portfolio by making it so that you can maximize your returns and still enjoy protection.

  3. How to Get the Maximum Privacy When Offshoring Assets

    While internationalizing your assets will most definitely keep your assets hidden from watchful eyes, not all assets are private in all scenarios.

    That is unless you take the proper steps to make assets more private.

    First you will need to form and International Business Corporation (IBC) so that your assets will be held in the name of a legal entity instead of your name.

    Then, once the legal entity holds the assets, you will need to create a trust which states who will own the IBC so that you are not directly connected to the accounts.

  4. Why Do Business with an Offshore Solutions Company

    Going offshore can be intimidating and confusing at first. You may recognize the benefits of working but have no clue how to allocate your assets for the best return and maximum protection.

    This is where experts with Harbor Financial Services or a similar offshore solutions company can come in handy. They have connections, experience and the know-how to help you choose the right jurisdictions and vehicles.

You are not hiding your money when you offshore your assets. This money has already been declared and taxed and you are simply protecting it from being touched in the future.

Make sure that you understand other territorial tax systems, do your homework, and try to internationalize your asset protection.

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