How an Offshore Company Protect Your Assets and Privacy | FlyingColour
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

How an Offshore Company Protect Your Assets and Privacy

admin

In search of a way to protect one’s assets and privacy, you might have been advised to set up an offshore company which may assist you with any of its following characteristics:

    1. Tax Optimization.
    2. Protection of Assets and Funds.
    3. Invoice Offshore Clients by setting a base or branch of your company in a tax exempted Offshore Jurisdiction.
    4. Consolidation of Assets and Corporate Vehicles under one umbrella of the Trust/Holding Company.

Protection of Brand Image through IP (Intellectual Property) registration under the Offshore IBC.(International Business Company)

Significant Advantages:

Paramount of an Offshore Company is Tax Optimization, but now a day’s a salient feature of having an Offshore IBC is to secure or protect personal wealth and funds into a bank account.

One may also buy property or other physical assets under the Offshore Company to secure the assets from inheritance laws prevailing in the region where the asset is bought.

He may rent out or sell the same property and receive the funds in the Offshore Company Bank Account to re-invest into other properties or immovable assets.

Some of the Offshore Jurisdictions being 100% tax free helps an investor optimize his taxation and enjoy the profits or re-invest in other profitable ventures.

Another important question is that a human being may die or partners in Business or Family might have a dispute in Profit sharing, then what will happen to the assets owned under the personal name. Answer to it is again holding the assets under an Offshore Company which continues to exist and the shares can be distributed to the legal heirs or partners respectively as per the applicable Common Law (chosen by the shareholder of the company at the time of incorporation). Regulations for Common Law are set out in Standard Memorandum and Articles of the company.

In GCC, a big trend is seen recently to incorporate the license though corporate ownership of the offshore company to consolidate the assets and investments of the Ultimate Beneficial Owners under one Umbrella.

Also, Offshore Company is not only secure for protection of tangible assets but also intangible assets like IP (Intellectual property – Trade Mark or Copy Rights). Now, if an IP is registered under an individual name, the registration may be in risk again with any unfortunate incident which might happen to the individual down the line like bad health or death of the person. On the other hand, this intangible asset if secured under the Offshore Structure may result in passing on royalties to the legal heirs through transfer of shares as per the common law.

My words might fall short but an Offshore IBC can protect the assets and privacy of businessmen in so many different ways besides just being used for Tax Optimization.

For More information about the uses of offshore company, please contact flyingcolour business setup services +97144542366

This article written by Mr. Ali Usman (Senior Business Consultant).

2200+ Real Customer Reviews on Google. Click here to Read

    REQUEST A QUOTE