FREQUENTLY ASKED QUESTIONS (FAQ)
|
| Establishing an IBC with us in Belize is
easy, convenient, confidential and secure. Here are some commonly-asked questions and answers about offshore planning and
investing through IBCs.
- What do people use IBCs for?
- What are the main advantages of moving assets
offshore?
- Is it legal for me to have offshore
investments, companies, and bank accounts?
Q1. What do people use IBCs for?
A1. Many people are concerned about
protecting themselves and their families from economic and political uncertainty in the
country in which they live by lodging some of their assets in other jurisdictions thereby
diversifying their holdings. Others are concerned about lawsuits arising unexpectedly from
their professional and personal lives and therefore establish an IBC in an offshore
jurisdiction. An IBC can be used for these and many other purposes. At the simplest level,
IBCs are often used by persons who want to diversify their holdings by establishing bank
accounts in Belize or elsewhere. There are numerous other uses for IBCs including
possession of title to real estate in jurisdictions other than Belize, collection of
commissions, and re-invoicing forward transactions.
Back to Top.
Q2. What are the main advantages of
moving assets offshore?
A2. There are many advantages to moving
assets offshore. Some of these are:
 | Asset Protection - To secure against future
claims such as judgement, divorce proceedings, bankruptcy, creditors and litigation. |
| Estate Planning - Family and Protective
Trusts for accumulation of investment income and long-term benefits for beneficiaries on a
favourable tax basis (without inheritance, income, or capital gains taxes). |
| Confidentiality - From claimants,
ex-spouse, competitors, and other parties from whom you wish to keep your business
interests private. |
| Reduction of Tax liability - Through
International Tax Planning - a foreign jurisdiction can offer unparalleled opportunities
for reducing your tax liability. |
Back to Top.
Q3. Is it legal for me to have
offshore investments, companies, and bank accounts?
A3. Definitely. Every developed nation
encourages international trade and investment, and as such there are no restrictions on
residents doing business or having bank accounts in other countries. Offshore investment
vehicles are used every day by sophisticated and knowledgeable high-net-worth individuals
and corporations all over the world.
Back to Top.
back to previous
page |
|
