Asset Protection through an Offshore Company (IBC) An offshore company (IBC) can protect assets far better than onshore asset protection trust. Shocking to most, is the fact that an onshore asset protection setup can be pierced for any number of reasons. Every day, in courts all across North America and Europe, onshore asset protection schemes are disregarded with the simple stroke of a judges pen. On the other hand an offshore corporation provides a secure place to keep money out of lawsuit prone hands because a judge cannot order you to provide assets you do not own. Most offshore companies are either bearer share corporations where the ownership is totally anonymous, or they are owned by a 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 want to keep your assets secure, and protection yourself from frivolous lawsuits, you should 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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Asset Protection through an Offshore Company (IBC)
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