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Asset Protection using an Offshore Corporation

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By: Doug Sitenal

Asset Protection through an Offshore Company (IBC)

Incorporating offshore is the best way to protect your assets. Onshore asset protection techniques are not nearly as effective.

Shocking to most, is the fact that an onshore asset protection setup can be pierced for any number of reasons.

It's an all too common scenario. In the heat of a lawsuit, a sympathetic judge simply sets aside your asset protection trust for one technicality or another.

An offshore corporation, on the other hand, provides bullet proof asset protection. No court or judge can order you to provide assets that you do not own.

Invariably, the best offshore asset protection techniques involve either a bearer share corporation which is owned by whoever happens to be holding the physical shares, or an offshore corporation owned by an offshore foundation.

Since a foundation legally cannot be owned, it is a dead end for any onshore court. No court can order an illegal action, including ordering you to repatriate funds that belong to a foundation.

If you are looking for a way to protect your assets from lawsuits and other financial invasions, consider incorporating offshore.

Offshore company formation is not expensive. An offshore corporation and bank account cost less than $2000. Well within the reach of most people looking for ways to protect their assets.




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About The Author
If you are thinking of an asset protection structure, consider reading more offshore corporation related articles from offshorelegal.org
Click here for other unique offshore articles.



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