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Our little-known loopholes in offshore structures help our members to increase their profits by 30% per year

How much would a 30% increase in your annual profits mean to you and your company?
$10,000?
$100,000?
or maybe even $1,000,000 or more!

The difference between a company that increases their profits 30% and a company that loses out on that profit is the information they have available to them.

The famous saying “Knowledge is power” is extremely evident in the setting up and maintaining of offshore companies and bank accounts. Having access to the right knowledge can not only dramatically increase your profits but it can also help you to maintain 100% privacy and can protect your assets from any external threat.

Failure to have access to the right information will leave your company’s assets exposed to law suit and other threats, will cause your company to pay excessive taxes and will cause your privacy to be exposed. This is something you want to avoid no matter what!

Our team of professional legal and tax advisers are ready to help you create a strategy to protect your privacy and your profits. All you have to do is ask.

Want to learn more how you may Join the Mentor Group? The please visit our
Offshore company Forum which can be found here.

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January 2011 – Offshore Company’s, Trusts and Foundations for Asset Protection, Money Laundering or Tax Savings – this is the picture drawn up by the government’s all around the world, offshore jurisdictions like Panama, Belize, Nevis, Cook Islands, Bahamas/Nassau and many others gave up on the pressure from the major EU countries and the USA – It is almost no longer possible to hide any money transaction if it is done electronically by Bank to Bank transfer or Credit / Debit card transfers, nor is it possible any longer to hide behind a Offshore corporation if the company has a bank account, also not if it is a so called offshore bank account, why not?  – The answer is pretty simple and straight forward, in the so called old days (about 2 – 3 years ago) and before the financial recession which hit the world economy the procedure to open a bank account in an offshore jurisdiction like Panama, Belize, Bahamas, Cyprus and beyond many other jurisdictions were simple, just provide some sort of corporate documents and have a nominee to sign on behalf of the company, the banks didn’t asked for a clear and transparent company structure which shows the beneficial owners (real owners of a company) not did they care much about if the passport, utility bill or any other document provided was real and up to date! – This was a kind of a loop hole for many also sadly enough for criminals who were able to finance there activities through offshore corporations and accounts worldwide.

Now what has changed?
Actually today it is very clear, if the purpose of an Offshore company and a connected offshore bank account is money laundering, tax hiding or financing of any sort of criminal activity one won’t be able to go any further with it, the entire process will be stopped at the latest by the bank’s around since today it is required to provide proper prove of company and account holder, this has to be able to be verified one way or another.

But there are still Offshore company Agents who offer 100% bullet proof corporations and bank accounts, so it is not true what you say?
This is 100% nonsense and nothing “bullet proof” today as already mentioned above no Offshore Trust, no Offshore company, No Foundation, No Fund will ever provide anything that is “bullet proof” as known from the past, actually, providers / companies that claim they have such an solution simply lie and want to pick up the money from your pockets and nothing else, or they are not used to keep know how the world looks today and tomorrow they still offer solutions which were possible for 4 or even 10 years ago, this to the great negative personal impact it can have to the people who buy from such companies / offshore providers.

Of course there will always be options out there to hide money, there will also always be options around who may be tools to finance any criminal activities but today’s governments and their Intelligence services will catch people sooner or later, don’t be naive!

So why do you still sell Offshore corporations?
Actually there are many reasons for why one will incorporate a offshore company, one of them is privacy and anonymity another is reducing tax and then we have finally creditor protection in special circumstances.  What do we mean with “Special Circumstances” – this is one of the most overlooked items a offshore corporation can be used for, for a brief explanation read on, while it is very easy for any creditor to get a court order to access the assets of a resident/local company if they are unable to pay their bills because they are close to file bankruptcy then it is very expansive and in most cases impossible to access assets of an offshore company!  This can be a key factor if the entrepreneur behind a new company maybe just had to little knowledge about the companies activity but want to start again just without the mistakes that forced the first company to file bankruptcy.  Or companies that have been in business for ages but hit by the financial recession or other circumstances that force the company to file bankruptcy, there are many reasons and incidents  that can describe ” Special Circumstances” for an entrepreneurs starting a new venture it is crucial to protect the personal future and not spoil it because an idea which simply not will work. While some only look in the direction of Offshore companies and offshore bank accounts because they want to hide from the tax authorities or because they have any sort of criminal activities going, then we are glad to tell the reader that we have many who are incorporating an Offshore company for the above mentioned reasons and as well not mentioned reasons.

What are the best offshore jurisdictions to incorporate?
There is no “best” offshore jurisdiction, for the time (2011) we recommend the incorporation of Seychelles companies because they are still very protected and almost untraceable in regards to owner ship, also for asset protection they are the perfect tool, most often we recommend a Seychelles company in combination with a Cyprus company if the business activity will take place as well in Europe or if the purpose is a Holding Structure.

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A) The concept of trusts generally

The various types of trust vary in complexity but they have one common fundamental feature. A “person” being either an individual or a company (“the trustee”) agrees to hold certain assets (“the trust fund”) in its name for the benefit of another person (“the beneficiary”) on certain terms and with certain powers (which are usually set out in the Trust Deed). The assets comprising the trust fund are legally held and registered as owned by the trustee and the trustee is under a duty, enforceable in the Courts, to hold those assets and the income arising from them for the benefit of the beneficiary(ies).

The above relationship can be summarised as follows: The trustee has legal title to the trust assets and the beneficiary has beneficial or equitable title (it is the beneficial title which is of value when one is considering asset ownership).
The other important parties of the trust are:

• The settlor. This is the person that creates the trust. In some jurisdictions the settlor could not act as trustee or be a beneficiary. In the Cyprus jurisdiction, the settlor can also be a trustee or beneficiary.
• The protector. This is the person(s) that has the power to restrict key powers (such as add beneficiaries, etc.) of the trustee so that they can only be exercised with the consent of suitable person.

B) The Cyprus International trust

The international trust is a trust whereby:

• The settlor is not a permanent resident of Cyprus
• The trust property does not include immovable property in Cyprus
• At least one trustee is resident in Cyprus.

The nature of the Cyprus international trust could be “discretionary”.

As the name suggests the discretionary trust allows the trustee to exercise a large element of discretion with regard to distribution of income and assets, and to choose from a large “pool” of potential beneficiaries. The selection of beneficiaries from the “pool” could vary every year.

The following benefits relate to Cyprus International Trusts:

• Income, gains and profits are exempted from income tax, capital gains tax, special contribution or any other taxes in Cyprus.
• No estate duty or inheritance tax in Cyprus.

- All or the majority of the board of directors should be residents in Cyprus. If only the majority of directors reside in Cyprus the majority should be enough to form a quorum for the conducting of the board meetings under the articles of association. The minority directors who are not resident(s) should consider traveling to Cyprus for an occasional board meeting.
- Board meetings should be actually held in Cyprus.
- General policy of the company is formulated in Cyprus.
- Company bank accounts controlled by the Cyprus directors. This entails that money movements in the accounts are properly minutes, so that they are seen to be done under the Control of the directors.
- Day to day management if actually carried out in Cyprus.

The most important factor however is to register a branch of the U.K. company in Cyprus to undertake the activity.

• No exchange control regulations.
• An International Trust may carry out business in Cyprus subject of course to the laws of the country, which are imposed on the beneficiaries and not on the trust itself.
• There are no reporting requirements in Cyprus for the International Trusts.
• Trust capital received in Cyprus by a foreigner resident or retired in Cyprus from trusts not resident in Cyprus is not taxable on the trustee.

Asset protection

An international trust shall not be void or voidable in the event of the settlor’s bankruptcy or liquidation or in any action or proceedings against the settlor or at the suit of his creditors not with standing any provision of the law of Cyprus or any other country.

An International Trust may be set aside by the settlor’s creditors to the extent that is proven to the satisfaction of the Cyprus Court that the International Trust was made by the settlor with the intent to defraud the creditors. The onus of proof of this intent shall be on the creditors. Confidentiality and non-disclosure

Confidentiality is of paramount importance. No government or Central Bank of Cyprus official may disclose to anybody any information or documents in connection with:

(a) Settler

(b) Beneficiaries

(c) trustees and their duties

(d) accounts or property of the
trust

However, a beneficiary is entitled to request from the trustees information about the accounts of the trust. Furthermore, the court may order the disclosure of information or documents in criminal or civil proceedings cases, where the disclosure is important.

Stamp duty

A Cyprus international trust is subject to stamp duty of EUR 427. If the trust deed is stamped more than 30 days after the date of creation of the trust, a late payment fine is charged. The amount of the late payment fine depends on the length of the delay.

Learn more International Trust in Cyprus

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Because of the strong anonymity an offshore company can provide, if it is setup correctly, it is often misused for money laundering and other activities, which violate the tax regulations in most countries.

Almost everyone knows than an offshore company can be used to protect your assets and can also be used as a vehicle to avoid or minimize tax. In many cases an offshore company (eg. A company incorporated in Cyprus but operating in another jurisdiction) is legally formed to give the owner several benefits that are unobtainable through a local company. One such benefit is the right to obtain a loan in the name of your company. Many European countries forbid LLCs and LTDs to borrow money, as it is in violation with the tax authorities. However, it is of great benefit for a start up entrepreneur if he can get the protection of a regular LTD and still be able to finance the company’s activities, including his own salary.

How is it possible to get more money out of an IBC / Offshore Company, for instance in Cyprus?

It is actually easier than you might think. Normally you need to have approximately EURO 17.000 to form a LTD in a European country. There are exceptions to this rule but 80% of the time this will be the case. Once you have establish the company with 100% of the shares equaling a value of EUR 17.000 then you are unable to draw any of the money out from the company for yourself.

A Limited Liable Company needs to have the ability to be liquid and must assure its trading partners that you have at least have the EUR 17.000 in assets or cash in the company. If the owner of that company by law were able to just take out the money exactly before the company, for any reason, declares bankruptcy then it would favor himself.

With a Cyprus Offshore Company or any other offshore company you are allowed as a resident of a European country to take out loans against the company. Let’s say your company starts to generate a profit, you can then take money out of the company in two ways. One is as regular salary, which will cost you to up to 50% of your salary, as you will be forced to pay the tax authorities. This is undesirable and presents many business owners with a problem, they need to take money out of their business but they don’t want to pay the high tax rates associated with a salary. So what can you do in this situation?

The second way to take money out is as a loan against the company. This loan can be made over a period of 10, 20, 30 or even 50 years. Once the money reaches your account you need to report it to your local tax authorities as a loan. Because it is a loan, and not a profit or income it cannot be taxed.

I hope you fond this article informative. More tips and tricks for how to make the most from your offshore company setups are coming in the near future.
For Cyprus Offshore Company formation and Cyprus offshore bank accounts please contact cclogic.com

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This is one of the most common business questions of the modern time. The incorporation of offshore companies has continued to increase in popularity and it has never been as beneficial to incorporate an offshore company as it is in 2010. Thousands of online businesses have discovered the advantages of incorporating companies offshore and they are already experiencing major benefits such as tax exemption, tax reduction, asset protection and complete anonymity.

One of the biggest questions currently being asked, with all of the offshore jurisdictions available, is “which jurisdiction should I register my offshore company in?”
Different jurisdictions offer different benefits and it is important that you choose the jurisdiction that will offer the most benefits for your company. Below we will discuss 4 of the major offshore jurisdictions and the advantages they could offer you and your company.

Before we begin outlining the jurisdictions and their advantages it is important that you understand some of the terminology we will be using:
IBC = International Business Company, a term for offshore companies in almost any offshore and even onshore jurisdiction.

Offshore jurisdiction = Tax Haven / low tax jurisdiction. Mostly offshore jurisdictions are located on islands or in countries that have no corporate tax, or provide a low taxation rate while also offering privacy and anonymity protection.

TIEA = Tax Information Exchange Agreement. Model agreement on exchange of information on tax matters, developed by the OECD Global Forum Working Group on Effective Exchange of Information

The 4 offshore jurisdictions below were chosen, as they are 4 of the most popular jurisdictions for the incorporation of offshore companies and they offer a wide range of benefits to a miriad of different companies.

Belize:
Belize is located on the border of Mexico and can be the perfect place for those registering an offshore company who desire complete anonymity. Belize has a wealth of services that makes creating and managing an offshore company easy.
However, during the last few years Belize has started signing TIEAs with several important countries around the world. These countries include, but are not limited to, Australia, Belgium and the United Kingdom. This makes Belize less attractive for companies operating in any of the countries that have a TIEA with Belize.

The British Virgin Islands:
The British Virgin Islands (BVI) has long been one of the most famous offshore jurisdictions and thousands of companies have been incorporated in BVI over the last few centuries. Unfortunately, major changes during the past 2 years have made it unattractive for companies to incorporate in BVI. This is mainly due to the TIEAs they have signed with countries such as the USA, UK, Australia, The Nordic Council (Denmark, Norway, Sweden, The Faroes, Finland, Greenland and Iceland), New Zealand, Netherlands, Aruba, China, Ireland and France. You may notice that the mentioned countries have high tax burdens and it was from these countries that most of the companies came to incorporate in BVI.

In the past BVI was the home for many Financial Companies (for the purpose of managing investments), Forex Trading, Mutual Funds etc. It was quite simple to establish these types of companies in the BVI and avoid paying any taxes. Today this has changed considerably and many companies are choosing to stay away from the BVI.

Cyprus:
For most Europeans Cyprus is the No. 1 place to incorporate as Cyprus has the lowest tax rate in Europe. It does have various TIEAs and Double Tax Agreements in place, but despite this it can offer (with the right tax planning) many small, medium and large corporations huge financial benefits.
Cyprus is so attractive to companies and individuals as it is a part of the European Union, it is possible to use Nominee Shareholders and Directors (for anonymity) and it is also possible to avoid corporate tax (0% corporate tax) if the Cyprus Company is nonresident.

The Seychelles:
The Seychelles are well known in the corporate world, but not quite as famous as the previously mentioned offshore jurisdictions. To incorporate in the Seychelles takes less than 1 hour, and they haven’t signed any TIEAs with other nations at this point in time. They will eventually be forced to sign some TIEAs but it is likely this will only be with small, non-important countries.

The Seychelles have very simple regulations in regards to the operation of Financial Investment Companies like Forex Trading, Banking Services and E-Currencies, as well as Mutual Funds, International Trusts and much more. One of the most attractive features of the Seychelles is the low incorporation fee, which is less than EUR 500 for a fully incorporated Seychelles IBC.

You do not need to visit any of the above jurisdictions to register a company within them. It is also possible to open offshore bank accounts in all of these jurisdictions without visiting the country or the bank. Everything can be handled online so that you never have to leave your country but can still achieve the great benefits of having an offshore company.

We hope that the above has given you some useful information in regards to achieving the incorporation of your Offshore Company in the near future. As every company is different and seeks different benefits we recommend you get in touch with one of our professionals who can find a personalized solution for your company and who can guide you, step by step, through the entire process.

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Foundations are the favored asset protection tools of the Elite and Rich People, A seychelles Non-public Interest Foundation is a mixture of a will, a trust and a co. best of all, in a way. Seychelles Foundations are way more flexible and can finish more than Trusts and they’re secret.

It will only take 2-3 working days to form a seychelles Foundation. Seychelles Companies can be made in the same 2-3 days even if the Concern is to be owned by the Foundation.

Nobody owns a seychelles non-public Interest Foundation, so you aren’t the owner of the Foundation, nobody is according to the official laws of seychelles. A seychelles Foundation can own the paper of a seychelles unnamed Bearer Share Co. , therefore removing you from being any form of owner of the Co.

Now since the Co. belongs to the Foundation and you own neither it creates a most advantageous eventuality for some individuals. Add to this you aren’t the founding father of record of the Foundation ( we provide a founder ), you appear in no public registry or database re the Foundation and the Foundation can also be so made that you aren’t even a beneficiary, you can just be the protector which is a personal position never appearing in any database or public registry.

You aren’t a beneficiary of the Foundation which some executives could view in an identical way to the beneficiary of a trust, not an owner of the Foundation and not particularly a real person of control, simply a protector who defends things to be certain the wishes of the foundation are fulfilled. Foundation protectors do not initiate transactions just oversee them to be sure they match with the wishes of the Foundation therefore they don’t seem to be folks with true control of the Foundation, they just have halt power. Read below to learn more and questions are always more than welcome. This is serious material that has to be studied before one can really think well of all the idea that went into the law making the seychelles Non-public Interest Foundation with all its sophisticated and not so refined benefits which make this the most excellent asset protection tool in the world today.

Summary of seychelles Foundation Benefits : Protects assets from fiscal enemies and potential finance enemies. A seychelles Foundation can own one or two seychelles Companies . This suggests you can operate a nameless seychelles Firm which isn’t owned by you, it is the property of the Foundation.

Foundations have no owners. A seychelles Non-public Interest Foundation is a court tested technique to keep assets resistant to the private debt of the person beginning the Foundation. It hinders forced successor ship. The seychelles statues in relation to Foundations are based mostly on the Lichtenstein model Stiftung. * According to seychelles law, the assets of a seychelles Personal Interest Foundation aren’t said to be subject to sequestration or embargos. This indicates that the assets can’t be frozen as a protecting measure before a full trial is gone thru.

The meaning of sequester is like this from the legal dictionary : a legal writ sanctioning a policeman or commissioner to take into custody the property of a suspect who is in disregard until the orders of a court are went along with, or a deposit whereby a neutral depositary agrees to hold property in suits and to revive it to the party to whom it is arbitrated to be part of to. The exception to this rule would be if the Foundation itself ( not the founder, not the protector, not the council members, not the beneficiaries ) did something illegal like as an example it unlawfully broke a lease on a property exchange and refused to pay the rent owed, then the Foundation assets may be frozen to the limit of the total owed under the contract if a judge so ordered and a bond was posted. If the Foundation itself doesn’t at once commit the illegal action then the assets of the Foundation aren’t subject to freezing or fit. This gives one great peace of mind when paying for their foundation and we suggest to our clients the Foundation never do anything that can lead to any legal action, regard it as a holding entity. Welcome to seychelles. * The foundation can have instructions to get rid of assets in a certain way in the event of you coming up against heavy legal or other problems like being sued, being pushed into bankruptcy, being kidnapped and held for ransom, being blackmailed or the victim of extortion, or if in any fashion you are incapacitated or your capability to function unreservedly is inhibited in full or in part, for example. There may be secret instructions for a particular person to handle assets in such an event as the founder sees fit. These secret instructions can designate a non permanent protector in the event you are under such duress with particular instructions as to how he should continue with the foundation and its assets. This would take away the capability for you to move the foundation assets around, period.

This is now something you cannot do till you can demonstrate to the person inserted as the non permanent protector the conditions acting as the trigger for the empowerment of the new protector are now not in place or no longer operative and you are now not under duress and then as per your instructions you’ll be the Protector again with all the power returned to you.

Seychelles Foundations have no owner so there’s no registry in existence that records Foundation possession in seychelles. The Foundation could be a stockholder or owner of an enterprise. So your Foundation might be the owner of an unnamed seychelles bearer share concern which you use to conduct business. Then you might say you aren’t the owner of the co..

Since a seychelles Foundation truly has no owner you’d be speaking the truth and in the improbable event the Foundation came up you might also say you don’t own that also. * Foundations can be used to make provision for the money well being of family members according to your explicit instructions.

Once could say my foundation revenue will go to my surviving better half but in the event the partner remarries then the foundation proceeds will go to my eldest kid. This would be enforceable in seychelles. The Foundation can protect closely held companies, providing for continuity into 2nd and 3rd generations by stopping property-splitting ; to guard and supply for minors or disabled folks or those incapable of handling their own assets ; to manage payments of earnings or distribution of assets to family members or to make provision for their schooling, housing, or upkeep.

• The Foundation can manage profit sharing or allowance plans for staff, to hold shares, take part in or have an interest in private or public corporations ; it’s an automobile for the collection of royalties.
• It can take part in commercial transactions where the results of such are devoted totally to the non-commercial purpose or objectives of the Foundation. Extraordinarily handy point.
• you may have a formal written agreement designating you as the investment chief or business boss for the Foundation. This agreement would be signed by the Nominee Council members and would be notarised and apostilled if necessary.
• The accord could spell out your compensation including benefits like use of foundation car, travel costs, general cost account, use of foundation flat or house, use of foundation ship, medical advantages to be paid directly by the foundation to the medicare supplier or doctor including non-compulsory surgery like cosmetic surgery, paid legal costs direct from foundation to legal firm, for example.
• According to seychelles law, the assets of a seychelles Non-public Interest Foundation are said to be “non-embargable”, and “non-sequesterable”, that means that the assets cannot be frozen under any circumstances.
• The seychelles Foundation wants no business license.
• the once a year tax for the Foundation is fixed at $300, which is included in total successive year charges of $695 beginning in year 2.
• The Foundation can act as a last will and testament.
• The Foundation can effectively guard against disputes among successors.
• The Foundation can carry on systematic, philanthropic, spiritual, humanitarian or academic purposes.
• The Foundation can have bank accounts. * The Foundation earnings is tax free under seychelles law.
• Royalties, copyrights, trademarks can be allotted to the Foundation.
• You can assign assets to a seychelles Foundation in turn for a pension.
• The Foundation can be an investment car for property, stocks and bonds. It can hold bank accounts, boats, planes, artwork, collectibles or other assets with highly categorical instructions as to how such assets should get handled under varying circumstances, all bespoke to meet your wishes. Restrictions – generally, Personal Interest Foundations may not enter into commercial activities like a firm but they may carry out commercial activities like owning companies that are actively engaged in commercial business activities, so long as the profits of those activities are used for the purposes that the Foundation exists. The Foundation can naturally take part in passive investments like market investments, hedge funds, bank deposits bearing interest, Foreign exchange , bonds etc so long as the proceeds are used for the purposes that the Foundation exists for the advantage of the beneficiaries and you can naturally be a beneficiary of the Foundation. You might also have an investment executive agreement with the foundation signed by the nominee council members, notarised and apostilled saying your compensation and advantages for handling the investments of the foundation. This agreement would be personal and would document your role as a worker with the foundation. Cast of Characters in a seychelles Personal Interest Foundation – The Foundation has a Founder, a Council, a Protector, and Beneficiaries.
• Founder : The Founder is the person or entity that creates the Foundation in the general public Registry of seychelles.
• Our legal company gives a Founder for you since the Founder appears in the general public Registry. We offer a Founder who doesn’t know you for your privacy, protection and anonymity. The Founder has no control over any sort over the Foundation and its affairs, and is only recognized as the individual who presented for filing the Foundation articles in the general public registry when the foundation was initially registered.
• Council : The Foundation’s Council can be regarded as being like the board of a firm. The council members are each recorded in the general public registry with their names and identification as council members of the Foundation. Our firm designates a Nominee Foundation Council to fill the council positions like we offer nominee directors for a co..

The nominee council members don’t know who you are to provide privacy and anonymity for you. Together with each nominee council member comes an undated letter of resignation enabling you to replace the council at any point. Nominee council members have no control of the Foundation assets, can not go to the bank and take money out since they’re not deposit account signatories. If the nominee council members attempted to add, change or remove the deposit account signatories the seychelles bank would immediately contact the existing signatories on the account for authorization in which case the signatory would call the police and the nominees would go to jail.

The nominees know this, seychelles banks understand nominees and this isn’t a sting that may work. Being a nominee doesn’t come with bank signatory rights or any other type of asset control. A seychelles Establishment can take the place of the nominee council members.

Protector : The Protector is the person or entity who has got the real control of the foundation and all the foundation assets. The Protector is chosen by the Foundation Council at the time the Foundation is created. After the Protector is put into position, the Protector is free to get rid of and replace the nominee council members whenever they selected to do so without any farther authorizations or steps wanted to be taken. The Protectors appointment can be kept non-public thru a notarised Non-public Protectorate Document, signed by the nominee foundation council members. This document isn’t registered or recorded anywhere therefore the position of protector is reasonably non-public or simply about incognito, not to be found in any government database or registry. As protector you can maintain complete control of your foundation and its assets while maintaining heavy privacy. A protector is not compulsory, and one can always employ a nominee protector as well. It is feasible to insert in the foundation charter or in its laws that for the nominee council members to basically be ready to exercise their powers they are required to get written authorisation from the foundation protector.

This suggests if they attempted to do something for the foundation like enter into a contract they might be needed to present the document that names them as foundation council members and this document also boundaries their power to act requiring written authorization from the protector.

In the case of a bank, the bank contacts the current signatories in the event there’s a request to add, remove or change signatories.

Same would apply with regard to a request to shut the deposit account. * Beneficiaries : The seychelles Non-public Interest Foundation doesn’t have owners, it has foundation beneficiaries. The Foundations Beneficiaries are delegated by the Protector thru either a simple non-public written set of instructions which should keep your beneficiaries personal out of any registry or database. One could instead employ a more formal set of Foundation By-Laws. Either way, the privacy and confidentiality of beneficiaries can be guaranteed. This is crucial to defend against abduction, blackmail, extortion, ID theft, silly suits ( if ones assets are hid they aren’t such a lot of a target ).

The seychelles Foundation could be set up so the protector ( that will be you ) is the only beneficiary of the foundation till death, at which time the foundation continues but its purpose changes for the advantage of the other beneficiaries you so designate. You could insert instructions that are highly particular like if a certain beneficiary ( say surviving better half ) remarried their benefits may shift to another beneficiary ( youngsters ). Foundations can continue for 120 years. Seychelles Foundations limit the capability for the beneficiaries to battle with one another over the estate and wind up not talking to one another for the remainder of their lives. Letter of Instructions : The Letter of Instructions is an easy letter, penned by the Protector, which mentions precisely how the Foundations assets should be handled or distributed on a causing event like the death or disability of the Protector. The Letter of Instructions should also state whether the Foundation should continue existing, and have a new Protector allocated, or if the Foundation should be melted and the way in which the assets should be liquidated on the demise of the Protector.

There isn’t any categorical format for the Letter of Instructions, and it can be written or modified at any point after the Foundation is created, per the Protectors wishes. The Letter of Instructions can be held secretly with no filing need so there’s non-disclosure of details with significant privacy for all concerned. Generally, many people prefer to maintain the Letter of Instructions secretly, so the Beneficiaries and Protector remain nameless and non-public. Foundation By-Laws : The Foundation does not have to have By-Laws, since a Letter of Instructions is legally acceptable for satisfying the Protectors’ requested testamentary instructions or wishes. one may have a more formal Foundation testamentary document, written and signed by a solicitor from our legal firm, and notarised by a seychellesnian notary.

The Foundations By-Laws fundamentally handle the same function as a Letter of Instructions since the By-Laws specifying the way the Foundation should reply on an express causing event like the death or disability of the Protector. The By-Laws should also state whether the Foundation should continue existing, and have a new Protector appointed, or if the Foundation should be melted on the cited causing event ( s ). There’s a legal case law the By-Laws must follow. By-Laws content can be altered at any point at the subtlety of the protector. The By-Laws can be held secretly for anonymity, or can be registered in public which isn’t advised normally. Unique Foundation Features and Benefits : * Anonymity : Like the seychellesnian Co. , the Personal Interest Foundation provides anonymity to its beneficiaries as well as to the Founder. * settlement : The Foundation Charter may provide that any rumpus arising regarding the Foundation be decided by settlement, so avoiding the general public records of legal action.

These provisions might also include the location and the procedural rules to be followed in settlement. * Asset Protection : The assets of the Foundation can’t be used to satisfy the liabilities of the Founder or of the Foundation beneficiaries ,eg divorce events, legal actions, insolvency or other liabilities. When assets have been moved to the Foundation and out of the reach of creditors, any declarations of fake transfer to get rid of assets from the reach of creditors must be made inside 3 years and the court wait to hear such a claim in seychelles it sometimes 5 years perhaps longer. * Capital Necessities : at least US $10,000.00 of assets must be moved to the Foundation, though this needn’t occur instantly following conglomerate.

There isn’t any recording in any registry of the capital amounts aside from this minimum transfer, so the total of total assets held by the Foundation remains fully non-public. * Confidentiality : The Foundation Nominee Council Members, Registered Agent ( us your legal firm ) and any other person that’s apprised of info associated with the activities, assets, transactions or operations of the Foundation are required to keep this precisely secret.

As well as civil responsibility for tangible damages, breaks may lead to imprisonment for at least half a year and penalties of at least $50,000.00. Seychelles prospers on Privacy. * Documents and Records : There are no wants to file tax returns or a fiscal statement that means no verifying of such things. Books and accounting records may be held in seychelles or abroad, you may even electronically put them up on a server in encrypted form is some part of the Earth where the location is only known only to you. Discovery is hard if you haven’t a clue where the books and records are. Additionally , the management and operation of the Foundation isn’t subject to the supervision of any governmental authority. No nosing, no fishing expeditions, no harassments, no seychelles taxation, nothing imperative in public documentation, anonymity for Foundation Founder and beneficiaries, for example.

• Estate Planning Car : The seychelles Non-public Interest Foundation is a complicated and efficient substitute to wills, trusts for example. The seychellesnian Foundation is an ideal automobile for inter vivos or mortis causa estate planning, as it can be set up to stay in perpetuation in as far as the needs of the Foundation remain met.
• This could stop hereditary disputes, as well as avoiding forced successor ship rules.
• Foundation Council Meetings : it isn’t important to hold yearly conferences.
  Founders : The Founder might be one or more natural or legal folks of any nationality. Seychelles law is silent on the transferability of the Founder’s rights and duties, there’s nada to forestall the transferring of these rights and needs from a nominee founder as registered in the Foundation Charter to the genuine founder by a personal document, think privacy. We routinely employ a Nominee Founder. It is possible for the Founder to keep certain controls regarding the Foundation, though these should be set out obviously in the Foundation’s Bylaws. There may also be a personal instruction that talks to this subject.
• Preservation and Administration of Assets : The Personal Interest Foundation is an ideal car for the conservation and administration of assets. The Foundation Charter may restrict or proscribe property splitting, property transfers, the mortgaging or using of property to secure loans or different kinds of financing, and regulate the general administration of the assets or business given to the Foundation. The Foundation should be sanctioned to preserve, administer, and invest the assets consigned to it and to conclude all commercial and legal transactions important to the awareness of its purposes. The Protector can play a critical role in the administration of the Foundation. * Revocable : though the Foundation is in general irrevocable, there are a restricted number of cases, where it is feasible to revoke its multinational :
• Before registration of the Foundation Charter.
• When the Foundation Charter expressly makes provision for revocation.
• For any of the Civil Code causes for revoking inter vivos donations.
• Tax benefits : The assignment, transfer or donation of assets to the Foundation isn’t subject to any tax under seychellesnian law, neither is the organization, alteration or dissolution of the Foundation. Provided it meets general wants ; revenue generated by assets of the Foundation isn’t subject to taxes, contributions, rates or liens of any kind. Other Foundation Technical Points
• there is not any legal duty for a personal foundation to file any yearly tax return or monetary statements.
• One could set up a seychelles Foundation to transfer control over assets to the surviving partner, and one could insert instructions secretly that if the surviving better half remarried the control reverts to another member of the family or someone else. The seychelles Courts would find this completely enforceable and this isn’t at all bizarre
• The foundation is revocable by the founder.
• If a nominee founder is utilized non-public instructions can be established to transfer this control to another.
• The foundation could be made to become effective on a certain date, on the occurrence of certain event or condition, or on the passing of the founder.
• Detailed info about the names, percentages and other details concerning the beneficiaries can be included in another document called Laws or Instructions which is of a private nature and as such does not need to be recorded at the general public Registry Office. Anonymity.
• A foreign foundation may re-domicile in seychelles thru a Certificate of Continuation. By the same law, seychellesnian foundations may transfer their domicile or assets to another country if so provided in the foundation charter or its Rules .
• the guidelines of forced successor ship of other countries won’t be applied against the foundation.

Private Interest Foundation in the Seychelles, for more information please visit this link.

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Tax Havens are the popular term for offshore jurisdictions and countries which offer companies a wide range of tax benefits such as no corporate tax no personal tax and such like.

A Tax Haven is typically a country like the Seychelles, Belize, BVI, Bahamas and Isle of Man not to be confused by low tax countries such like Cyprus. The major benefit of incorporating your company in an Tax Haven is to avoid the tax gain privacy and anonymity for instant it is most likely that a Offshore Company registered in an Tax Haven has appointed nominee directors and shareholders which hide the beneficial owner of the company.
In most of the Tax Havens available in today’s world it is typically to done due to the many tax benefits and because it is possible to move earnings and dividend including profits on investments tax free from one company to another and even though into a tax heavy country and only pay little tax or no tax at all.

What most don’t know are that Tax Havens are hunted down by the major countries in the World because of the recession we are into now and of the many fraudsters or scams which have been mentioned in the news and local papers. This should not scare anyone to avoid such offshore jurisdictions because if the structuring of an offshore company setup is done right it can be legit but still help you to reduce your overall tax.

What you will want to learn is that tax havens like the Seychelles are offering legit setups where it is possible for UK and other EU citizens to reduce the corporate tax dramatically actually it can end up with one business only paying in the range of 10 to 15% tax and even less and this in a legal manner and without any need to hide yourself or the corporation.

Tax Havens have many benefits and at the moment we have an discussion going around on our offshore company forum, What are the Tax Havens around, beside Seychelles, Belize and Panama you may want to jump in here to follow the thread and learn the many suggestions and questions this will develop.

Tax Havens are here for now and will last for many centuries maybe not in the form we know them today..

Asset Protection Offshore |Offshore Company Formation

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Seychelles Company registration within 1 hour, CCLOGIC Ltd is exided to announce the close partnership with one of the most trusted and established law firms in Seychelles which made it possible for us to register Seychelles companies within 1 hour during the Seychelles business day.

Since we know it is essiantial and sometimes of crusial importancy to the Seychelles company registered as fast as possible due to one has some important transaction to execute or because it is the missing peace of a complete business, then we took the oportunity to partner with an respected and well established law firm in the Seychelles which offers us an exclusive aggreement to register Seychelles companies fast and without hassles.

When you register a Seychelles company through our services, we guarantee the fastes possible formation of your company, we are able to offer everything as one may know from our existing professional services as per the following;

• Original Corporate documents
• Company certificate
• Memorandum
• Articles of Association
• Registered Office Address

We will courier all the original corporate documents as mentioned above by courier service to an address of your choice and also deliver the corporate documents by scans once the company is finally registered.
As an additional service we can also offer to register Seychelles Trusts and Seychelles Financial Service companies in the same rapid manner as the regular Seychelles Companies.
The Seychelles company will be registered with an share capital of US$ 1 million which share capital not has to be paid, further the company can be registered with bearer shares or with registered shares, finally we are able to open offshore bank accounts for the Seychelles company, those bank accounts come with iban account number and SWIFT code.
If you are looking for a professional offshore service agency who can deliver what they promise then do not look any further we have offered our offshore service for a long time and are now also exided to do a rapid Seychelles Company registration for new and existing clients.

Seychelles company Registration for clients world wide, when quality, anonymity and asset protection matters.

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How you can achieve a good and stable asset and equity protection by forming a Offshore Company in the
Seychelles, Belize, BVI or Cyprus.

What is important to know is to have the right company structure to protect your assets and equity in the
case something goes wrong and you will need to relay on the shield you build.

Asset Protection Offshore, the light waight Guide.

We will not enter into a deep explanation about how to achieve a 100% asset protection with an offshore
company, since it is a “hot topic” in the times of an recession, however, basically you just need to register a
company, rather a holding company in a offshore jurisdiction which didn’t signed any Tax Treaties by now,
since those countries a providing the best layer of privacy protection and confidentiality.

Some of those countries are the Seychelles and Belize, there are others, now, it is important that the Offshore Holding
Company is registered with nominees (nominee director and shareholder) in that way the beneficial owner
is protected from any leaking of information to any authority, further it is easier to prove that the company
not belongs to you! Forget all the fluff which many local lawyers and auditors scream about in regards to
who holds the rights and who can act on behalf of the company, the well established offshore company
formation services will never act on behalf of the company without written permission from the client.

Now for the perfect asset protection you will register another company this can be for instant also in the
Seychelles or if you do business in Europe we recommend it to be in Cyprus, this company will be used only
for trading, all assets and equity which this Cyprus company will have or get in the future will be moved to
the Seychelles Offshore company this with legal documents from a lawyer and notary service.

You can download the entire brochure about Asset Protection Offshore