subject: Asset Protection Using Offshore Companies [print this page] The popularity of offshore companies is on the rise mainly because of the benefits arising from it. These benefits include reduced taxes or no taxes at all, less company registration procedures and friendly business environment. Other than these benefits, offshore companies help investors to safeguard their properties by using the services of asset protection agencies. The main objective behind asset protection is to enable investors restructure to their assets in a way that keeps them away from the hands of potential future litigations and creditors. Protecting your assets allows your offshore company to maintain a low financial profile making it less attractive and thus reduce the chances of it being sued.
One of the methods that have been used for years as an asset protection strategy is the formation of trusts. Using trusts, you can safeguard and keep your property from others by naming beneficiaries to it. The beneficiaries will be the ones responsible for amending, revoking or invading the principal of the trust. However, if the trust is local or domestic the properties included in the trust are not completely protected from creditors. On the other hand, offshore asset protection involves the use of offshore trusts and though there are issues of tax and security, the use of reliable and qualified asset protection provider such as Carlo Scevola & Partners will help you solve these issues.
It is important to know that asset protection does not involve keeping the assets away from tax authorities and thus it cannot be used as a way of evading tax. Furthermore, protecting your assets does not involve participating in fraudulent or deceptive agreements. On the contrary, protecting your assets is a smart and simple way of financial planning. It involves the use of advanced financial strategies that keeps your assets away from unauthorized people. For your assets protection strategy to succeed, you need to use the services of a professional company such as Carlo Scevola & Partners.
Carlo Scevola & Partners realize that the needs and requirements of companies are different and thus they will adopt a personalized asset protection strategy to ensure your goals are met. An asset protection plan especially for properties located in foreign countries, is more vulnerable compared to those of local entities. This is the main reason why hiring the services of asset protection experts is vital as they are committed to protect their clients assets at all costs.
