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Offshore companies are entities such as corporations or limited liability companies (LLCs) that have been filed outside of ones country of residence. Offshore company incorporation is utilized, among other things, by those interested in asset protection, business expansion and financial privacy. Listed below is information summarizing the reasons for which these entities are formed:
Offshore Company Formation Strategies We have listed several levels of offshore strategies, their costs and benefits. This section discusses the major aspects of offshore planning, including companies, bank accounts and trusts, how they are structured and why.
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Many offshore jurisdictions have much advantageous different legal systems for those seeking asset protection and financial privacy. Consider these offshore company formation benefits and facts. The US has 5% of the worlds population, yet 70% of the worlds lawyers. Moreover, unlike other countries in the world, we do not have a loser pays legal system. In other countries, the loser of a lawsuit has to pay both his attorney fees and his opponents, making lawsuits much less frequent. In the US if you are involved in a lawsuit and win, youre still out your own legal expenses, so you still lose. Suing offshore companies is more difficult. If a legal opponent chose to sue your offshore company, he or she may have to post a $25,000 bond to have the case sent through a review board to determine whether or not the case would even make it to a court the bond is non refundable that is a strong layer of lawsuit protection, just by taking advantage of an offshore jurisdictions legal statutes. The money saved by keeping your finances away from prying eyes, thus, preventing lawsuits, safeguarding your assets from litigation and the increased financial privacy are some of the many reasons for going offshore.
Offshore companies offer much greater financial privacy than domestic entities, such as corporations, Limited Liability Companies or an international business companies (IBC). There are many offshore jurisdictions that have favorable laws that the US, Canada and the UK do not extend. These jurisdictions compete for international clientele by favoring privacy of ownership, privacy granted to officers and directors and non-recognition of foreign judgments.
In todays business world, litigious attorneys make the chances of a lawsuit for American business owners a real world fact, some attorneys litigate just to survive and never see the inside of a courtroom. You can learn more about how offshore company incorporation can help with your protection needs by calling OffshoreCompany.com. We form thousands of business structures every year, helping thousands of Americans with their protection and privacy needs and offering guidance through all of the offshore company formalities.
“Using offshore company business tools, I protected my business income and some personal assets from a potentially devastating divorce battle.”
I created the financial privacy and business model that was right for my financial goals with Offshore Company, Inc. Im private, protected and invested in my familys future.
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Offshore Company Formation, Worldwide Business Incorporation