Asset Protection with an offshore company, how is that possible?

I just read a lot about Offshore companies at the moment and all the up's / down's what hit me in the face was Asset Protection Offshore...

. now, I wonder how it is possible?

What is the meaning with asset protection and why is it more secure and save to have your assets in an Offshore Company rather than in a local company or keep them personal.

Since I'm in the process to incorporate a offshore company I would like if this is something I should option in for.

Well, there are many ways to protect your assets and equity in a Offshore company, even if you live in a country where it is prohibited to have your assets in an offshore jurisdictions without informing the local tax authorities.

However, the quick answer is, you will need to have a little company structure setup, beginning with an offshore company outside of the EU and US territory (last one only applicable for US citizens), like the Seychelles and Belize, make this company a Holding company, now register a Cyprus company which will be your second Holding company simply just in the EU (only applies if you are doing business / profits within the EU) now you will have your Cyprus Holding Company to register a trading company which will be the "face" towards your business partners and customers, additionally you can register a local company in your home country with the Cyprus trading company or Cyprus holding company if you like, now when you start making profits / doing business or investments, all your money will go to the companies behind the trading company, no one will be able to touch this money if done right. Further for your asset protection you can simply start selling your assets to the trading company and from there move the up in the top company, this can be copyrights, patents, physical goods and stuff, licenses, Royalties etc. once they are up in top level company, they are protected and your good.

Basically it is very simple to protect your assets and equity by a simple offshore structure, many are doing it in the way as described above, first have an offshore holding company and then a offshore trading company, the Seychelles is a common place to start building a offshore company structure as well as Belize and BVI are.

The most important to note is that you will need to have legal documents on the assets you move to the offshore companies, those documents should at a minimum be created by a lawyer and best would be also to have them notarized to prove stamp they are legit.

In regards to Cyprus, I would recommend to have you assets in a Cyprus holding company if you want your offshore structure build within the EU, since it gives a way better protection towards your assets and equity than any local holding company.

Read the entire thread on below link:

http://www.cclogic.com/forum/f5/asset-protection-offshore-company-how-possible-8895/

Asset Protection with an offshore company, how is that possible?

By: Silicia Winters

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