Many people assume that the offshore world is accessible only to the super rich looking to increase their wealth, or to large multi national corporations looking to escape taxation.
But the truth of the matter is that the offshore world is accessible to everyone!
Placing money or assets offshore is a legal and often worthwhile undertaking and it is something that anyone living in, for example, the UK, Europe, Canada, Australia or America can do easily and with potentially great effect.
Before I continue it is imperative to point out that the suitability of entering the offshore world for saving, banking, asset protection or any other reason can only be determined on a case by case basis. While 'going offshore' might be the most effective way for one person to operate, it might be totally unsuitable for the next person because of their personal circumstances. It is essential that anyone considering going offshore seeks the advice of a professional financial adviser. This article does not constitute advice.
The potential benefits of saving money offshore, investing offshore or placing assets offshore are manifold, here are just 7 ways that you might be able to take advantage of all that's on offer?
1) If you're an expatriate living, working and paying taxes overseas, chances are you can secure your savings in a low to no tax offshore jurisdiction where they will grow tax free. Without the burden of taxation, savings will benefit from compound growth.
2) By placing money or assets offshore an individual can potentially protect their financial assets from domestic personal or business litigation.
3) The offshore world sometimes offers individuals a way to reduce or negate inheritance/death/estate tax that will become liable to be paid on their estate in the future. Certain offshore structures such as trusts can sometimes help in the struggle to legally avoid death duty.
4) Many offshore jurisdictions offer greater levels of personal privacy and also security which means a person's private or business transactions are dealt with confidentially and securely.
5) As offshore jurisdictions are less restricted by reporting requirements etc., people with a high risk tolerance who invest offshore often have access to more exciting and potentially better potential returning investment vehicles.
6) Domestic savings and investment policies are restrictive for some people; by investing offshore these people have access to the global investment market place which opens up many more opportunities to them.
7) Some offshore savings vehicles pay higher levels of interest than an individual could gain domestically.
Because the offshore world is so flexible and open and offers such a wealth of diverse opportunity for saving, investing and protecting isn't it time you seriously examined the options available to you?
Rhiannon Williamson is the publisher of shelteroffshore.com - the online resource for offshore, expatriate and international investors.
For personalized investment and offshore advice, readers of Shelter Offshore benefit from the site's strategic alliance with deVere and Partners, the world's largest offshore financial advisory. Visit the shelteroffshore.com page to find out more.
best cleaning company Lincolnshire ..Many of us do not consider the underlying belief system... Read More
When I was a student in London, I had a... Read More
It's no secret that the market goes UP...the market, goes... Read More
Bottom line. No exaggeration. No hype. If you want to... Read More
When Ben Franklin said "a penny saved is a penny... Read More
You may think you have to be an entrepreneur to... Read More
Feng shui coins can allow you, among other things, to... Read More
While you need to have a lot of positive-thought and... Read More
How many people search Google, Yahoo and MSN each day... Read More
OK, this article will start with the cheapest piece of... Read More
Simple tips on saving can very often make quite a... Read More
Wealth - an abundance of values. Each of us determines... Read More
Building wealth is as simple as saving a little bit... Read More
No matter what markets you serve; what products you sell;... Read More
You can learn the secrets of world monetary flow if... Read More
U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More
Every day you work is one day closer to your... Read More
Whether an established conglomerate or a fledgling company, a business... Read More
Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn... Read More
As a work at home Mother, I know the value... Read More
Imagine being able to steal untold millions of dollars in... Read More
No one has complete control over their thoughts. But with... Read More
Well, the New Year is around the corner and so... Read More
Want to be one of the lucky ones on the... Read More
In theory the idea of generating additional (and passive) business... Read More
on demand house cleaning Lake Forest ..Why not run a lucrative paper business? Paper businesses do... Read More
Is it hard to get rich? If you're young, not... Read More
You have probably heard other people say that "Money isn't... Read More
"It's the business of your life?and you're the CEO!" Gala... Read More
I want to share an experience I had in common... Read More
Building wealth is as simple as saving a little bit... Read More
This 4,000 acre sale (now a marina and resort town... Read More
What is the difference between wealthy people and poor (even... Read More
You know about compounding right? You understand what pyramiding your... Read More
Have you wondered why financial experts only tell you certain... Read More
Most people want to get to the end of their... Read More
To lose weight in the 80's, we went on low-calorie... Read More
This article focuses on generating cash as a full time... Read More
Have you ever had that feeling where you could not... Read More
I counsel a LOT of people about money. I see... Read More
Part of learning to become financially free is to begin... Read More
There are only 2 ways to grow your wealth -... Read More
Do you like so many others feel, that even if... Read More
As many people have observed, "Success leaves clues." If you... Read More
Any successful person, or any anyone interested in self improvement... Read More
Almost all of us go to work everyday and do... Read More
Have you ever asked yourself what your highest income producing... Read More
Let me ask you a very simple question. Do you... Read More
Articles on 'How to make money' come a dime-a-dozen. How... Read More
There are many forms of investing online. While I can... Read More
Wealth Building |