Financial Planning 2016 – because you waited too long for Tax Haven Planning In 2015

Read more at http://www.youroffshoremoney.com

Tax Haven Checklist for 2016 : Why Go Offshore ?

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:

Reduce tax

Protect assets

Manage risk

Maintain privacy

Avoid bureaucracy

Reduce costs

Enhance assets

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

Banking privacy

Reduced taxation

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

jurisdiction

Personal and corporate tax planning

Step 2

Offshore Banking

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

activity.

Step 3

Asset Protection

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

banks.

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

(FLP).

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

action.

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.

 

Contact Information:

To learn more about offshore company formation and structure your business

interests overseas ( again- at no cost or obligation)

Email info@jackbassteam.com

all email answered within 24 hours

or

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.

VIDEO

JB offshore.mp4  The First Rule Is Safety

 

Linkedin  John Bass

Become The Keeper Of Your Own Future – Here’s Your Wealth Pathway

 

Thinking about taking action isn’t going to create wealth.

Reading this blog without taking action to create your International Business Corporation, using tax havens to reduce your tax burden – does not create wealth.

Government shutdowns, ridiculous breaches of privacy, massive debts…

All around, the news these days is bad. But I don’t need to remind you of that. You know as well as I the state of the world right now.

You also know you can’t rely on bungling politicians for help. What you may not realize is how to pull yourself out of this mess and take control of your own future.

How can you ensure that you and your family are ok, no matter what the rest of the world decides to do?

Become The Keeper Of Your Own Future

Not enough people realize this, but this is the key to establishing a secure financial future for you and your family.

This sounds like a simple change of mindset, but it’s not. We are all used to a lifetime of believing that the government is there to help, that no matter what happens, they’ll be there as a safety net.

In the 21st century, those days are over.

I can’t say it loudly enough: You are the one in the driver’s seat. You have the power to make the decisions that will shape your future, and that of your family.

And yes, it’s work. Managing your own destiny is harder than leaving it to others, but, when you recognize the consequences of not taking control of your own future, it’s a no-brainer. You’ve got to act. And you’ve got to act now.
This first critical step is really a personal commitment to yourself–a promise that you will take full responsibility for your own life.

I realize this can be a scary prospect. Some folks are so overwhelmed by this idea that they would rather leave things be.

In today’s world, nobody can afford to be dependent on any one economy…on any one government…or on any one currency.

The way to protect yourself is to diversify outside your home country’s borders. The reality of the world we’re living in is that this is the only effective strategy available to you…to me…to all of us.

It’s a simple insight. We all know about diversity when it comes to stocks and bonds. Yet few people realize the fundamental importance of taking this basic concept to the next level.

I’ve been in the room with educated, experienced investors, who’ve bragged of their diversified portfolios. They hold stocks, bonds, real estate…

But once I’ve probed a little deeper, I’ve often found that their portfolios all share one problem. All are “diversified” in U.S. dollars…their investments are all domiciled in the United States…and they’re all at the mercy of anyone’s lawsuit filed under the U.S. legal system, including suits after their retirement funds.

What happens to these “diversified” investors if the dollar radically declines in value?

What if an angry litigant attacks your assets with a frivolous lawsuit?

1) CONTACT Jack A. Bass and set up your corporation offshore.

2) Open a bank account offshore

3) open a trading account offshore

4) accumulate your wealth in a low tax jurisdiction.

To START –

email info@jackbassteam.com or

call Jack direct at 604-858-3202 ( no cost or obligation).

 

The Death of Bitcoin – Better Asset Protection Available

• 

Bitcoin Will Bite the Dust

Kevin Dowd and Martin Hutchinson

Bitcoin is the most radical innovation in the monetary space for a very long time. It is an entirely private monetary system that runs itself and does not depend on trust in any central authority to honor its promises. Instead, it relies on trust in the Bitcoin community or network that verifies transactions and maintains the integrity of the system. This system of distributed trust creates bitcoins and produces an automatic, tamper-proof bitcoin money supply process. 1 As such, it avoids the dangers of discretionary monetary policy—namely, quantitative easing, manipulated interest rates, and the need to rely on wise men or women to withstand political pressure or successfully forecast the future. Indeed, under Bitcoin there is no monetary policy at all. There is just an automatic monetary rule dictated by the Bitcoin protocol designed in 2009 by an anonymous programmer using the alias Satoshi Nakamoto.

Bitcoin has been widely hailed as a success and has won a substantial following. Unfortunately, the underlying economics of Bitcoin mean that it is unsustainable and in all likelihood will be remembered as a failed experiment—at best a pointer to some superior successor. A first-pass intuition into Bitcoin can be obtained from a comparison with the stone money in Milton Friedman’s (1992) case study, “The Island of Stone Money.” In this story, the people of the island of Yap in Micronesia used as money large round limestone disks transported from the nearby island of Palau. These were too heavy to conveniently move around, so they were placed in prominent places. When ownership was to be transferred (e.g., as part of a dowry, inheritance, or ransom payment), the current owner would publicly announce the change in ownership but the stone would typically remain where it was and the islanders would maintain a collective memory of the ownership history of the stones. This collective memory ensured that there was no dispute over who owned which stones. Similarly, in Bitcoin, the record of all transactions, the “blockchain,” is also public knowledge and is regarded as the definitive record of who owns which bitcoins. Both the stone money and Bitcoin share a critical feature that is highly unusual for a monetary system: both systems operate via a decentralized collective memory. On February 11, 2009, Nakamoto gave an explanation of the thinking behind Bitcoin in an e-mail announcing its launch: “The root problem with conventional currency is all the trust that is required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. . . . With e-currency based on cryptographic proof, without the need to trust a third-party middleman, money can be secure and transactions complete.” Cryptocurrencies, however, face the problem of “double-spending.” As Nakamoto notes, “Any owner could try to re-spend an already spent coin by [digitally] signing it again to another owner. The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. . . . Bitcoin’s solution is to use a peer-to-peer network to check for double-spending.”  Consequently, “the result is a distributed system with no single point of failure.”

The fact that Bitcoin has no single point of failure is highly significant: it means that it cannot be brought down by knocking out any particular individual or organization.3 It can only be brought down by knocking out the whole network or one of the underlying building blocks on which the network depends.4 It can and does operate outside of government control: Bitcoin is a dream come true for anarchists, criminals, and proponents of private money.

Despite its success, the Bitcoin system is unsustainable due to a design flaw at the very heart of the system. The problem is that Bitcoin requires competition on the part of “bitcoin miners” who validate transactions blocks, but this competition is unsustainable in the long run because of economies of scale in the mining industry. Indeed, these economies of scale are so large that the bitcoin mining industry is a natural monopoly. Furthermore, there are signs that competition in this industry is already breaking down. Once that happens, the system will no longer be able to function as it hitherto has. Its key attractions (decentralization, absence of a single point of failure, and anonymity) will disappear; there will no longer be any reason for users to stay with it; and the system will collapse

 

How Will you Protect Your Assets ?

Going Offshore / Offshore Incorporation / Tax Havens : Frequently Asked Questions ( FAQ)

Posted on June 1, 2015by jackbassteam

Going Offshore / Offshore Incorporation / Tax Havens : Frequently Asked Questions ( FAQ) WHAT IS AN OFFSHORE CORPORATION?  A corporation is an entity recognized by law as a separate “person” with limited liability. A corporation has the option to sell shares, the right to sue and be sued, and has perpetual existence. HOW ARE OFFSHORE CORPORATIONS USED? Offshore corporations may be used to own and operate businesses, issue shares, bonds or otherwise raise capital, guarantee obligations, hire employees, buy goods and services, sell goods and services, make contracts, rent office space, maintain checking and saving accounts, and maintain retirement plans for employees. Although most offshore corporations are private and closely held, some are publicly traded on major stock exchanges. WHAT ARE ARTICLES OF INCORPORATION?  The Articles of Incorporation is the document which establishes the corporation and contains basic information such as the name, share structure, and purpose of the corporation. WHAT ARE BY-LAWS?  The By-laws, or in some jurisdictions “Articles of Association”, are rules the corporation creates for its shareholders, officers, and directors. By-laws are adopted by the Board of Directors as one of the first organizational steps in setting up a corporation. Upon instruction, we can adopt a standard set of By-laws for a new corporation. Unlike Articles of Association, By-laws are usually maintained internally but may be publicly filed if requested. WHAT DOES A CORPORATE SEARCH REVEAL?  A corporate search will reveal the name of the corporation, the date of existence, amendments, and any other publicly filed document. Under Panamanian law for example, there is no requirement that the names of corporate officers, directors or shareholders be filed in any public registry. Such information, therefore, remains confidential. WHAT ARE Shelf COMPANIES?  Shelf Companies are ready-made, never used corporations that have been created to meet a client’s immediate needs. WHAT IS A REGISTERED AGENT?  A Registered Agent is required to ensure that the corporation has an assigned representative at a known address to receive all service of process (legal notices) on its behalf. The Registered Agent forwards these documents to the address of record of the corporation. WHAT ARE BEARER SHARES? Bearer share certificates do not indicate the name of the owner. The certificate is endorsed in blank such that the person having physical possession of the document is the owner. Bearer shares facilitate the transfer of assets because transfer of ownership is accomplished simply by the transfer of the certificate. WHAT ARE REGISTERED SHARES?  Registered share certificates indicate the name of the owner on the document. The name of the shareholder is also recorded in the internal corporate records of the company. Although the registered owner is recorded in the corporation’s internal records, no public registry of shareholders is maintained. The share registry is an internal corporate document available only to directors, officers and shareholders, under conditions specified in the jurisdiction’s corporate statute. Isn’t moving assets offshore illegal? There is nothing illegal about moving assets offshore. It is when you move the assets into accounts offshore and do not declare their existence to the tax authorities that you break the law. Any assets over which you have control, domestic or offshore, are probably liable to taxes in your home jurisdiction. Why should I move offshore? Moving some of your assets offshore provides you access to modern (and ancient) methods of protecting your assets and reducing your taxes using trusts, international corporations, foundations and other legal entities. What is Asset Protection? Asset Protection is a term used to describe the concept of legally transferring your assets into a legal entity which will protect them from attack by frivolous litigation, seizing from government, attack from an estranged spouse – in fact anything which may threaten your hard earned wealth.

 

How do I start?

The best place to start is to contact us – at no cost / no fee or obligation

The Key : The Most Important Step: Take Action

• Information without action will produce nothing in the way of tax savings.
  

  Tax Haven Savings  – Contact Information

  Are you finally taking the step to tax freedom by incorporation and banking in a low tax jurisdiction? and if not why not ? You can incorporate and have bank and brokerage accounts in less than 30 days.

  Information must proceed action and that is why we offer a no cost / no obligation inquiry service.

  Email info@ jackbassteam.com

  or

  Call Jack direct at 604-858-3202 – Pacific Time 10:00 – 4;00 Monday to Friday

 

 

Banks still use accounting tricks to hide their true condition

 

Pacioli’s invention was the double-en

 

Pacioli’s invention was the double entry accounting

 system; in fact he’s known by bean counters today as the father of accounting.

This was a major and much needed innovation at the time.

In the 15th century, Italy was dominating global trade and commerce.

Yet unlike in the centuries before where merchants were primarily transporters and traders of exotic goods, 15th century merchants had essentially become proto-bankers whose primary business was extending and trading credit.

This was a major change in the way that business was done, and it absolutely demanded a new way to keep track of it all.

That’s exactly what Pacioli invented. And his system of accounting is still being used today, over 500 years later.

This was a seminal moment in business history—the near simultaneous birth and convergence of credit-based money, banking, and accounting that would eventually become the global financial system.

It revolutionized everything.

Back then, just as today, few people really understood it. And those who did were often clever enough to find loopholes in the system to hide their fraud. Especially banks.

There are some really stunning (and sometimes hilarious) examples of early banks who learned how to cook their books and misstate their capital using Pacioli’s system.

Curiously very little has changed. Banks still use accounting tricks to hide their true condition.

Bloomberg showcased one such technique last year, exposing the way that many US banks are rebooking their assets from “available for sale (AFS)” to HTM – Hold To Maturity

 

–  they’re called “available for sale,” because the bank has to sell these assets to pay their depositors back.

But here’s the problem—many of these investments have either lost money, or they soon will be. And banks don’t want to disclose those losses.

So instead, they simply redesignate assets as HTM.

It’s like saying “I don’t care that these bonds aren’t worth as much money as when I bought them because I intend to hold them forever.”

Thing is, this simply isn’t true. Banks don’t have the luxury of holding some government bond for the next 30-years.

This is money they might have to repay their customers tomorrow, which makes the entire charade intellectually dishonest.

That doesn’t stop them.

JP Morgan alone boosted its HTM mortgage bonds from less than $10 million to nearly $17 billion (1700x higher) in just one year. This is a huge shift.

Nearly every big bank is doing this, and is doing it deliberately. This is no accident. And there’s only one reason to do it—to use accounting minutia to conceal losses.

But the accounting tricks don’t stop there. And in many cases they’re fueled by the government.

One recent example is how federal regulators created a new ‘rule’ which allows banks to consciously reduce the risk-weighting it assigns its assets.

The Federal Financial Institution Examination Council recently told banks that, “if a particular asset . . . has features that could place it in more than one risk category, it is assigned to the category that has the lowest risk weight.”

This gives banks extraordinary latitude to underreport the risk levels of their investments.

Bankers can now arbitrarily decide that a risky asset ‘has features’ of a lower risk asset, and thus they can completely misrepresent their investments.

Bottom line, it’s becoming extremely difficult to have confidence in western banks’ financial health.

They employ every trick in the book to overstate their capital ratios and understate their risk levels.

This, backed by a central bank that is borderline insolvent and a federal government that is entirely insolvent.

It certainly begs the question—is it really worth keeping 100% of your savings in this system?

I would respectfully suggest finding a new home for at least a portion of your savings.

After all, it’s 2015. You no longer need to bank in the same place as you live and work.

It’s possible to establish an account offshore—at a safe, stable, well-capitalized bank overseas in a country with no debt.

You might even find that the bank will pay you a reasonable interest rate that actually exceeds inflation (shocking!).

And in many cases you may be able to do all of this without leaving your living room.

It’s hard to imagine anyone would be worse off.

The Bottom Line

 

Jack A. Bass, B.A., LL.B.an independent professional firm and with its affiliates provides a full range of offshore corporate services – registration and administration of IBCs and Special License Companies, Registered Agent and Registered Address services, directors` and company management, shareholding and custody of documents and bank account introduction.

When structured properly, history shows that a well-informed offshore strategy can have an immediate and  generational impact on your wealth.

Who Is Designing Your Offshore Strategy ? ( do you have a strategy?)

The most important thing that you MUST do is seek advice from a 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 action.

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.

Contact Information:

To learn more about asset protection, trusts ,offshore company formation and structure for your business interests (at no cost or obligation)

Email info@jackbassteam.com  OR

Telephone  Jack direct at 604-858-3202

Do You Have A Plan – or are you just planning to think about a plan ?

 

 

Will Delaware Give Up Its Status as the #1 Corporate Tax Haven? Still #1 For Trusts .

 reblogged from Tax Haven Guru and commented:

Generally we avoid U.S. as the site for the initial incorporation of any client seeking a ” dutch sandwich ” low tax solution for IP or software or manufacturing tax reduction. It makes no sense to ” red flag ” your companies with an American address regardless of how exact our subsequent dividend routing is to comply with U.S. laws.We do favor Delaware for Trusts 

Delaware – A domestic ‘offshore’ haven

The state of Delaware has long been the corporate friendly haven for both U.S. and world business. It’s now fast becoming a center for the creation of asset protection trusts for Americans and for foreigners For several decades, U.S. corporations have set up operations in Delaware in order to take advantage of the state’s tax code, friendly business climate and sophisticated legal environment. Increasingly, families who are looking to protect their fortunes from onerous tax burdens and complicated trust law are following corporate America’s lead. The best news about Deleware is that non-Dupont families don’t have to move there in order to set up a trust. As long as the trustee has a base in Delaware, families can enjoy the financial benefits of the state from anywhere in the US and, in some circumstances, the world. “Delaware has enacted legislation to attract wealthy rich people and private-wealth banks to set up shop in the state,” says Jack a. Bass , wealth advisor for clients around the globe. The tax-free status in Delaware make it something of a duty-free zone between New York and Washington. But Mr Bass said the state holds many other attractions for family trusts. Hear are some examples. A Generation Skipping Trust (GST): This is also called a dynasty trust. This trust allows individuals, while they are alive, to pass part of their estate down to future generations while minimising the tax. In the majority of states, the trusts have a terminus point at which future generations will be taxed. They typically extend 21 years beyond the death of the last trust beneficiary alive when the trust was created. If the youngest beneficiary is 21 and lives to 90, the trust will run 90 years. It’s a great tool for wealthy families but the massive tax bill down the road is a punishment. A Delaware Dynasty Trust overcomes this issue because the state allows perpetual trusts without an end date. The trusts face no future estate, gift or generation-skipping taxes as long as the assets stay in trust. A JPMorgan report estimated that a $2 million investment in a standard dynaty trust, which is the most a married couple can give and still be exempt from gift tax, would yield $98 million after 90 years. A perpetual Delaware Dynasty trust would yield $266 million, based on projected investment returns. A Foreign Trust: Foreign trusts are useful tools for citizens of the world who reside outside the U.S. but want to pass on more of their estate to beneficiaries who are either residents or citizens of the U.S. A foreign trust is exempt from gift-estate and GST taxes and can be set up so that, while alive, the individual pays no taxes on it. It is a useful tool made even better with a Delaware-sited foreign trust. First, it can be a perpetual trust, as with a dynasty trust. Second, Delaware law prevents creditors from taking possession of the assets in the trust, similar to an offshore haven. Third, many countries have adopted anti-tax deferral legislation, and have drawn up “black lists” of countries that are tax havens. Trusts in a tax haven country may be taxable under these rules. But, Delaware foreign trusts are likely to avert anti-tax deferral legislation because the U.S. is unlikely to turn up on such black lists. Delaware Statutory Trust: Delaware statutory trusts are great tools for individuals who wish to set up a tax-advantaged trust with diverse objectives because they can be designed for multiple participants with different needs. For example, if an individual wanted to use a portion of the trust to provide income for himself, his portion of the trust can have an asset allocation heavy on cash and fixed-income instruments. His grandchildren’s portion of the trust can be directed towards stocks since they will not need the income for many years. As usual, Delaware statutory trusts enjoy all the benefits of the state’s tax laws. Total Return Trusts: A challenge with wealth management is that income-producing assets have become less fecund, with average dividend yields falling and fixed-income near low yield levels. In 2001, Delaware adopted a statute allowing for total return trusts. These trusts permit a trustee to convert a mandatory pay-out trust to deliver a combination of income and principal. So, if the trust with $50 million has a yield of only 1.5 per cent, the trust can be structured to pay out 4 per cent a year by taking a portion of the principal. Therefore, the beneficiary receives $2 million a year annually instead of $800,000. If you would like more information regarding asset protection, trusts, family limited partnerships or the subject of this article please call or email our office. Do something to help yourself             – contact Jack A. Bass now ! to engage us as your agent please use the following : Email info@ jackbassteam.com or Call Jack direct at 604-858-3202 – Pacific Time 10:00 – 5;00 Monday to Friday We will then discuss your goals and tailor the solution to meet your requirements.

IF it is more convenient to send your inquiry by mail:

J.A. Bass and Associates

18 Fisher Road

Harrow, Middlesex

England,HA3 7JP

 

Opting Out Of Paying Taxes : The Tax Haven System : Introduction

How to Open a Bank Account in the Cayman Islands
Posted  by jackbassteam

The Tax Haven System : Introduction
A system for tax minimization is how my mentor amassed his first fortune.

THE SYSTEM was domestic – I have now expanded that to concentrate on offshore tax havens as a system to minimize taxes to allow for wealth retention and creation.

Our system involves the multi-layered use of incorporation, trusts, foundations and bank accounts as reflected in client needs for security and tax minimization.

THE BOTTOM LINE We can assist you at saving tax dollars – IF you will stop ” thinking it over” and take action.

Opting Out Of Paying Taxes – shifting to low tax jurisdictions is increasing . What are you doing?

Proceed – but with caution . We provide a no cost or obligation overview service Email info@jackbassteam.com or call Jack direct at 604-858-3202 ( same time zone as Los Angeles .

The differences between an offshore account and an investment account.

Having a bank account and an investment account are two different things, each having distinct tax implications.

Offshore bank accounts are administered by banks and offer traditional services associated with holding a bank account: spending, receiving, and transferring funds, along with earning some forms of interest. If you just want to hold money in an offshore account, a bank account is probably your way to go.
Offshore investment accounts are administered by investors and can hold money in different currencies, as well as stocks, bonds, and mutual funds. They provide greater flexibility than bank accounts, but may come with higher fees. If you want to hold assets in addition to cash overseas, an investment account may be your best bet You can name Jack A. Bass as a portfolio manager as well as yourself. Please email info@jackbassteam.com with any questions.
You don’t need to go to the Cayman Islands to open the account. Accounts can be opened by mail / email/ fax , precluding the need for you to visit Cayman in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts.

Cayman private banks are more about investment and portfolio management than normal banking.

Fees are associated with setting up a bank account. We shop around for competitive pricing. These fees may not be insignificant. It may cost somewhere in the area of $500 to $1,000 to set up an offshore account.

.If you are required to show an apostilles stamp, you will need to visit your governmental office to obtain a state or national version of that stamp or use Jack A. Bass to obtain same as part of the application process.

Requirements needed to set up an account.

Jack A. Bass and Associates has a list of the required documents . These may include

Proof of identity.
Copy of your passport. (May be distinct from proof of identity.)
Proof of residence.
Description of the expected uses of the money.
Increasingly banks will ask for information to verify you are not a criminal and to identify the source and purpose of your money.

Learn how to deposit funds into your account. Most modern offshore bank accounts effect transfers by electronic wire transfer. Many offshore banks do not accept foreign checks.

Learn how to withdraw funds from your account. Although most banks will issue a debit card associated with your account, you may need to pay fees in order to withdraw funds from your bank account.

Make sure your chosen bank has internet banking facilities.
Account officers can be appointed speaking English, French, Spanish, German, Italian, Russian and Arabic and the service can be customised to your needs
To start –

Tax Haven Savings – Contact Information

Are you finally taking the step to tax freedom by incorporation and banking in a low tax jurisdiction? and if not why not ?

Information must proceed action and that is We provide a no cost or obligation overview service

Email info@jackbassteam.com or call Jack direct at 604-858-3202 ( same time zone as Los Angeles -Monday – Friday 9:00-5:00

Cook Islands – ” Bullet Proof” Tax Haven

Cook Islands – ” Bullet Proof” Tax Haven.

 

apparently you can run AND hide ( your money ).