The Steps to Your Offshore Success :What Is Your Tax Plan for 2016
First Step : Identify your Goals – Why Go Offshore?
WHY GO OFFSHORE?
The motivations for individuals and corporations to utilize offshore planning and offshore companies include the desire to:
THE BENEFITS OFFERED BY OFFSHORE COMPANIES
More specifically, the reasons for going offshore and utilizing offshore
companies for tax planning and offshore business include:
Free remittance of profits and capital
Access to top-rated debt history jurisdictions
Access to tax treaties
Security of property rights
Accessing low cost areas
The search for political stability
Your Investment Portfolio
Investment holding / wealth management
Professional services or consultancy
Patent, royalty and copyright – isolating payments to a no or low cost
Personal and corporate tax planning
Jack A. Bass and Associates has specialist expertise and knowledge of the
ever varying account opening and maintenance requirements of a wide variety
of reputable international and offshore banks.
Potential clients must understand that opening an offshore bank account is
not a simple matter and can be time consuming. Some offshore and
international banks may take longer than one month to open an offshore bank
account from receipt of a completed bank account opening package.
Consequently potential clients are encouraged to ensure that they provide
us with a complete picture of themselves and their intended business
The unexpected protective consequence of the LP structure is actually
what gave birth to Asset Protection. What the banks found out was that the
Limited Partners were unable to force distributions to pay their other
obligations. The big news was that neither were the banks, even when they
had valid judgments! They were only allowed the wimpy remedy of a “charging
order.” The net effect was that the banks were happy to settle for much
less than owed, rather than wait it out for an indefinite period with
General Partners that were friendly to their investor debtors, not to the
This was the birth of asset protection planning. Many of those investors
happened to be doctors. If it worked for banks, why wouldn’t it work for
malpractice suits or employee lawsuits? The answer was that it did!
Thus was born a new field of law: Asset Protection. Since the Limited
Partnership (LP) worked so well during the real estate crash, it became the
base of the new planning. However, instead of many different investors as
Limited Partners, the new Asset Protection planning used only the immediate
family members. Thus the LP became known as the Family Limited Partnership
Today, there are over two-dozen foreign jurisdictions that have enacted
specific asset protection legislation, including: The Bahamas, Belize, Cook
Islands, Bermuda, Nevis, Cayman Islands, Cyprus, Gibralter and the Turks &
Caicos Islands, to name just a few.
The Gold Standard is The Cook Islands Trust – note an asset protection trust is NOT a tax reduction plan – you still are responsible to pay taxes on the trust assets.
If you are serious about preserving your wealth, the Asset Protection Trust is the most serious, well-thought out plan ever devised.
I cannot encourage you enough to take the time to educate yourself about the options available to you and how you can truly protect what you have worked so hard to create.
NEED ADVICE? The MAGIC Bullet Steps of Offshore Success
Your Goals –Combined With Guide Our Expertise
If you’ve found your way to this page, chances are strong that you’re a
value creator and want to keep more of the money you get as a result of
creating value. You can only rely on yourself – you cannot rely on a
government agency for your financial future.
We’ve Done All the Research
We’ve done all the research and conveniently gathered all U.S. and
International regulations pertaining to Asset Protection,Tax Havens, Tax
Planning,Offshore Banking , Information Technology, Physical Security,
Records Management, Privacy, and Third Party Invoicing into one place
An overview of our assistance with your goals:
There are dozens of jurisdictions, such as Luxembourg, Hong Kong,
Singapore and the British Virgin Islands that offer a great business
environment with fully legal tax benefits.We have to match your goals to
the right jurisdictions.
The Magic Bullet Step Number 1
The most important thing that you MUST do is seek advice from qualified
advisor – Jack A. Bass, B.A. LL.B. (someone who understands international
tax jurisdictions and tax law) . Your advisor must understand the benefits
of particular offshore jurisdictions. It is your responsibility to take
In most jurisdictions you can set up your offshore company in as little as
a few weeks. We most often start the process with registering a company
name and sending in the right documentation and supporting documents for
the incorporation and a bank account(s) or merchant account for you and
your business. All of this can be conducted by internet on in rare cases we
will attend in person – for you.
The Magic Bullet Step Number 2
Specific Action – Move Your Assets To A Low / No Tax Jurisdiction
The key is in the planning and design. Clearly the most tested and solid
plans begin with an offshore jurisdiction.
Second to jurisdiction is the structure of your accounts – incorporation,
design, layering and bank accounts.
The Magic Bullet Step 3
Thirdly (more important for some clients than others) is what we call the
Asset Protection via Limited Partnership or Trust. This tool creates the
initial legal barrier between you and your money and whoever may want to
get at it. It is designed to hold “Safe Assets,” such as Stocks, Bonds,
Mutual Funds, Notes Receivable and other Liquid Assets. The LP may also own
membership interests in Limited Liability Companies (LLCs) that may have
been created to hold “Risky Assets” such as real estate, income producing
properties, boats, airplanes, etc. Once these risky assets have been
sanitized by placing them in an LLC, you can now safely hold those
interests. Importantly, LLC owners like the shareholders of a corporation
generally cannot be held liable for the acts of an LLC.
To learn more about offshore company formation and structure your business
interests overseas ( again- at no cost or obligation)
all email answered within 24 hours
call Jack direct at 604-858-3202 for a one half hour no fee consultation.
10:00 – 4:00 Monday to Friday ( same time zone as Los Angeles).
A business based overseas, coupled with an offshore bank account, is the perfect medium to build your wealth in a low tax jurisdiction. YOU CAN DO THIS and Jack A. Bass can help !
IF YOU WANT SOME HELP ON LOWERING YOUR TAX BURDEN there is no cost or obligation to enquire and there is no benefit to inaction.
JB offshore.mp4 The First Rule Is Safety
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