Asset Protection Articles

Offshore Bank Accounts the Ultimate Protection

Seeking to protect you money in an offshore bank account once someone has laid a claim to your assets just won't happen, its already too late. And even if you were successful the courts can claw it back as this is called "fraudulent conveyance" or concealment of assets" which is a crime in itself.

But if you quietly move your money to a private offshore bank, it will be out of reach of anyone wanting to seize your assets. It will be immune from lawsuit, and even a governing authority who may wish to freeze your assets.

An additional benefit of an offshore bank account is that if you are not willing to leave a high tax nation you can benefit by moving money to a tax free secure and private haven.

Asset security and privacy is what the offshore bank accounts and the financial world are designed to accommodate. You can facilitate protection of wealth, the operation of businesses, and minimize tax burdens through the setup of confidential offshore accounts, proper corporate formation and planning.

Safety may be one the issues you may have in regard to where you set up your offshore bank account. Consider these points:

1) Political and economic stability where your offshore bank is head quartered, located and regulated. Refer to Moody's, Standard & Poor's and Fitch rating reports to determine the offshore banks reputation and substance.
2) Inquire about the Quality of regulations and the access to deposit and investor protection and insurance.
3) Determine if the Parent Company or similar guarantees to make sure your offshore bank account is safe.

If it is an anonymous offshore bank account you want, while this is rapidly disappearing it is available at a premium. Banks using instructions by fax are able to establish coded systems with the banks to ensure both confidentiality and security.

Banks are not equal and depending on your needs certain countries might be more preferable than others. Some banks are strictly oriented to high wealth private banking (high minimum deposits).

If its for private reasons or strictly business check with credible sources to determine the most suitable high quality banks that can allow you mainstream commercial and retail banking services within an offshore privacy context.

Secured onshore credit cards & loadable offshore debit cards are convenient way to access funds but be careful as they are prone to scans, illegal products and fly by night operators.

Many banks understand the importance of carrying out instructions expeditiously and have online facilities for inter account and external electronic transfers. You can have Secure Encrypted Internet banking account opened quickly in the Caribbean and in Europe and Offshore Merchant Accounts with E-Commerce & Offshore Web Hosting not affected by Visa US/Canada region(s) rule changes canceling aggregation.

Offshore bank accounts are offered in the following jurisdictions. Consult with your Asset Protection Advisor or Estate Planning Attorney to determine which jurisdiction is best for you.

Antigua
Austria
Bahamas (Common Law Country)
Barbados
Belize
Bermuda
Cayman Islands
Dominica
Dubai
Gibraltar
Ireland (EU low tax country)
Latvia
Netherlands (zero tax holding company)
Nevis (Common Law Country)
Netherland Antilles (Common Law Country)
Panama ( Panama Foundations) (Common Law Country)
St. Vincent ( Companies and LLC's)
Switzerland (high quality banking solution when need for
deposit safety and banking flexibility that only the Swiss
provide)
UK ( flow through entities)