Section 12

Going Offshore

1. First, you or your company can establish an offshore entity (i.e. corporation, trust or combination of both), creating a legal presence in a foreign country. The best combination to reduce taxes, engage asset protection and do estate planning while maintaining maximum privacy, is to incorporate an International Business Company (IBC) and later set up an Asset Protection Trust (APT) to own the corporation. The IBC will permit you to own and manage other assets which you control. The IBC can establish a bank account offshore and/or other investment accounts.

For an extra layer of privacy, utilize the services of professional offshore management who can provide directors and officers to the IBC and have them issue you a broad languaged General Power of Attorney so you can represent and conduct business on behalf of the company.

2. The second method is to personally open a bank account offshore, maybe with one which offers a Visa or MasterCard debit or credit card for easily accessing funds at ATM machines worldwide. This account should be opened with an established bank or trust company in a tax haven with secrecy laws.

This report explores both areas in-depth. The term "offshore" denotes business and financial activities conducted from a tax haven, but the broadest definition is outside your own country. The greatest benefits will be attained in a respectable tax haven.