Protecting your Assets through an Offshore Corporation
Incorporating offshore is the best way to protect your assets. Onshore asset protection techniques are not nearly as effective.
In fact, an onshore trust can be easily broken by a judge for many reasons.
Every day, in courts all across North America and Europe, onshore asset protection schemes are disregarded with the simple stroke of a judges pen.
An offshore corporation, on the other hand, provides bullet proof asset protection. No court or judge can order you to provide assets that you do not own.
There are two common offshore protection techniques. The first is a bearer share corporation, which is owned by whoever happens to be in possession of the share certificates. There is nothing more flexible and anonymous in the offshore banking world. The second option is an offshore company owned by an offshore foundation.
Since a foundation legally cannot be owned, it is a dead end for any onshore court. No court can order an illegal action, including ordering you to repatriate funds that belong to a foundation.
If you want to keep your assets secure, and protection yourself from frivolous lawsuits, you should consider incorporating offshore.
Today forming a company offshore is not expensive. In fact, the price tag is under $2000 and is a sound investment for even the average person with money to protect.
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If you are you may want to read an asset protection structure, consider reading other offshore corporation related articles at offshorelegal.org
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