How Offshore "Asset Protection" Works
Protecting your assets offshore means controlling your assets through a business (corporate) instrument in a foreign jurisdiction (offshore) with more favorable laws. Just like a "tax haven" jurisdictions renown for favorable banking privacy laws, you can take advantage of asset protection jurisdictions. These offshore jurisdictions create a significant protective barrier between creditors and judgements, and your assets.
Offshore asset protection comes in many forms and we help choose your instrument(s), and structure, based on what you have to protect and it's value. It's very important to speak with a qualified offshore asset protection professional before choosing what's right for you. Protection vehicles range from watertight privacy, to bulletproof protection and in many cases a combination of jurisdictions are implemented to maximize both privacy and protection.
Reasons to Protect Your Assets:
- Business / Partner Lawsuit
- Personal Lawsuit
- Divorce
- Personal Injury
- Malpractice
- Product Liability
- Labor or Unemployment
- Intellectual Property/Patent Lawsuit
- Foreclosures
- Unfair / Unlawful Creditors
Protect Your Business, Home, Savings and Investments
We offer a number of asset protection services ranging from simple and secure to complex and bulletproof. Your consultation will result in you getting a custom solution that's right for your assets and personal risk, to review with legal counsel. There is nothing too small or too large to protect.
Here are the top three asset protection strategies:
- Create an Offshore Trust or Foundation
- Setup a secure, private international bank account
- Start an offshore corporation or limited liability company for maximum protection (owned by Trust)
We promise to work with you and find the best possible solutions to protect your assets from unwanted seizure.
Offshore Company Formation and Asset Protection
Placing assets into offshore companies and legal structures such as trusts, or foundations can offer a stronger layer of protection from future liabilities than setting up an offshore bank account alone. Some of the wealthiest and most legally shielded individuals in the world will say one thing: "Own nothing, control everything." Having bank accounts and other assets owned by the right legal tools makes them difficult to find through a professional asset search and virtually impossible to seize.
Offshore Company Incorporation and Legal Protection
If a legal opponent is pursing a lawsuit, this typically involves an asset search to make sure there will be a return should a judgement be awarded. Assets held in an individual's name can quickly be discovered through simple records searches. Forming offshore companies and titling assets to the company, means they are no longer tied to your name. Therefore your assets can be shielded from legal opponents, attorneys and court rulings simply by incorporating offshore or forming an international LLC. Another benefit you can take advantage of is simplicity. Most offshore jurisdictions make it simple for anyone who is interested in owning an international company.
Asset Protection Banking
When it comes to protecting your assets, one of the fundamental tools is a private bank account. We work with the safest and most secure offshore banks in the world and we are an eligible introducer for many of these banks. Typically your banking account will be opened in the name of a private offshore company, offering an additional layer of financial protection.
Problems with Pursuing Assets Offshore
When your assets are properly protected through offshore legal tools such as an LLC or trust, a creditor who pursues your wealth encounters a substantial legal hurdle. He tends to receive very little to no payoff. In the end even if he obtains a judgment against you he is left with little more than a stack of legal bills.
The most favorable jurisdictions for offshore limited liability companies and trusts offer unique legal barriers. Legislation requires your legal opponent to pursue your assets in the foreign jurisdiction, using overseas counsel. One of the most challenging legal hurdles to lay in your opponent’s path is placing your cash in an offshore trust so that the assets must be pursued abroad. Furthermore, in some jurisdictions, before going to a foreign court, your legal opponent must first post a non-refundable bond in excess of $25-50,000 to a review board who will decide whether or not the case will even see a courtroom. This is a sizable risk for any creditor.
The likelihood of a court case seeing the light of day in these jurisdictions is extremely low. This is because the rules by which review boards operate are written to intentionally frustrate creditors. Protecting your funds from business partner disputes, divorce, foreign judgments, and even foreclosure shortfall judgments are not recognized in the foreign jurisdiction. Therefore, one's legal opponent has very little chance of battling in court for his or her assets.
Legal provisions protect LLC assets. Laws exist that protect the assets held in the company in the event of a judgement against an LLC owner, especially if the LLC is owned by an offshore trust, or foundation. These features are what make offshore asset protection so popular. When a legal opponent discovers that your assets are protected within an offshore LLC and trust, then they realize what the roadmap to your assets includes. It includes hiring a foreign legal team and posting tens of thousands of dollars in a non-refundable bond for a case that has very little chance of seeing a judge. It forces your opponent to make a decision: pursue your assets at a massive cost, or move on to an easier target.
When you combine legal tools, you start to weave these offshore protective features together. Opening a bank account in the name of your offshore LLC offers substantial protection. You take advantage of a jurisdiction's financial privacy and banking laws and another jurisdiction's company asset protection laws. When you form an offshore asset protection trust, you are utilizing the strongest asset protection laws in the world.
Pursuing the assets in your offshore trust is equally difficult with an even bigger downside for your legal enemy. Even in the event that your opponent wins a judgment, your assets are locked inside your trust through custom provisions removing you from company control under legal duress. This means that you can comply with any court ruling that is within your control and your funds are remain behind a protective shield. Your assets are protected by trust law, which entrusts them to a reputable, licensed, insured, and bonded foreign trustee. The trustee, in turn, is not required to comply with any U.S. court rulings or judgments.
EuroWest Capital offers turn-key asset protection plans that offer the most privacy and protection available in the world. We form companies, trusts and open bank accounts in the most favorable jurisdictions for asset protection and financial privacy.
We will assist you in developing, and structuring an "Asset Protection Plan" to fit your specific needs.
Contact Us: EuroWestCapital@gmail.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.