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Contrary to public perception, asset protection isn't about hiding property, defrauding creditors or evading income taxes. Asset protection is simply the positioning of assets in order to make them unattractive and legally unreachable by creditors, while remaining available to finance business and lifestyle needs.
Asset protection does not encourage nor necessitate illegal acts such as perjury or concealment. The law itself recognises asset protection as legitimate and there are numerous provisions that define and permit legitimate strategies. It is certainly possible to effect an asset protection plan that makes full use of an offshore company, that violates no law or regulation.
There are many ways you can inadvertently put your assets and financial security at risk. The following shortlist should be of particular concern:
- Business failure
- Defective partnerships
- Acting as an officer or director of a corporation
- Employee negligence
- Breach of contract
- Disputes with business partners
- Compensation claims
- Libel and slander actions
- Divorce
Other typical problems include:
- Errors and omissions
- Accidents and personal injury
- Contractual disputes
- Wrongful dismissal of employees
- Sexual harassment
- Product liability
- Personal guarantees
- Environmental and toxic waste liability
- Unpaid property, income, estate and gift taxes
- Marriage and living-together arrangements
Offshore Company Administration
Asset protection is all about having a suitable offshore company or trust to which you can pass ownership of assets. We can incorporate and manage companies for you, either in the Seychelles or British Virgin Islands. We can also assist in setting up banking arrangements in any worldwide offshore banking centre.
In providing these services, we can provide you with nominee directors and shareholders. We can also manage the day-to-day affairs of the company consistent with your requirements and policies. We can maintain the accounts and prepare annual financial statements for you. We provide this service for a variety of business activities including:
- Holding Companies
- Security and Commodity Trading
- Real Estate
- Insurance Operations
- Offshore Bank and Trust Operations and Services
- Shipping Companies
- Invoicing and Re-invoicing
- Import/Export Trading
- Consulting Companies
- Royalty and Patent Operations
- Offshore Mutual Funds and Unit Trusts
Offshore Company & Banking Specialists
Offshore estate and tax-planning should only ever be performed by competent, experienced professionals. Only this way can all of your goals be realised, whereas amateurish implementation will waste your time, energy and money.
If you require absolute protection and the strictest confidentiality in a jurisdiction which welcomes UK citizens, we can give you real peace of mind. At CloudOffshore.com, our team of professionals will assist you with all your estate and tax-planning needs, together with asset protection.
If you think we can be of any help to you, please contact us!
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