If you incorporate in Florida, you could literally lose every asset you own (besides your house, which will be protected under a law called the homestead exemption) and pay high tax. And, they can also liquidate your assets to pay off creditors. The media confounds and exacerbates the problem by publishing misinformation. Note that using nominees make bank account opening on your own significantly harder, if not impossible. Companies formed in the most popular offshore... IBC – International Business Company. How many persons will be involved in the company? A Private Limited Company in Singapore, for instance, requires a local director which can cost $3000 per year, with a $10,000 deposit, and if you want to wind up a company (hey, it happens, not every business works out) it can easily cost you $5000 by the time you get done paying the secretary to get your accounts current with the tax man and you post the mandatory advertisement in the local papers. Offshore Company Selection. The two may still have uses but they are becoming niche jurisdictions. After you’ve done your due diligence, it’s possible to go through the whole incorporation process online in most jurisdictions, and you can often set up your offshore company in as little as a few days. A growing number of Americans have accepted that the US is unravelling rapidly and is headed for a social, economic, and political collapse of one form or another. Streber works as a consultant and director for a wide range of companies and has broad experience in offshore banking, offshore incorporation (formation and maintenance of offshore companies), taxation, privacy, ecommerce, merchant accounts, online payments, and all other things the privacy-minded entrepreneur might find interesting. Establishing yourself offshore has never been more popular, as many people are seeking alternative resources and ways to save money, protect their privacy and assets in times of uncertainty. You often start the process with registering a company name and sending in the right documentation. Editor’s Note: One expert on offshore companies whom we’d highly recommend is none other than Doug Casey, the original International Man. A Personalised Offshore Legal Strategy ensures your future. Doug Casey: “This is Going to be One for the Record Books”. 1996. Below we've outlined a few questions that are important to ask yourself as you begin to decide where to have your offshore company set up, the type of entity you would like to form and how you would like to structure your new company. Corporate directors can be used and one person can incorporate a S.A. in Panama with two or three other companies all belonging to the same person. Some legal entities can even lead to passports or citizenship – Singapore, for example, is one such jurisdiction which allows for residency and eventual citizenship for individuals who set up a company there. Private Limited Company. If you are an online eCommerce site or are a company that needs to take online credit payments then setting up a merchant account or a similar payment process application is another piece of the offshore puzzle that needs to fit. This category only includes cookies that ensures basic functionalities and security features of the website. international llc, There are no longer one-size-fits-all offshore solutions. Minimum of 1 director and 1 shareholder, which can be as few as one person or one legal entity in total. These companies are usually required to perform bookkeeping and prepare accounts, and may be subject to audits. Offshore company registration though simple, is not easy. © 1997 – 2020 Offshore-Protection.com. Setting up a company offshore while it can be completed in just a few steps does take some research and someone who has walked this path before. Free yourself from absolute dependence on any one country. Though often carelessly done, a company setup structure is especially important to properly secure assets and protect the privacy of the individuals in case of legal or financial duress.
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