subject: Creating An Offshore Company To Lower Tax Burden [print this page] Creating an offshore company is one way to protect your assets and still remain within the guidelines of the law. When you establish an offshore company what you are essentially doing is creating a headquarters for your company in an area that is tax friendly.
Many countries are experiencing hard financial times. They have over spent and it is now time to pay their debts. However, there is not enough tax money to do this. These same countries are imposing higher taxes on any form of wealth, private or industry, and the need to protect assets is great.
Using an offshore bank and an offshore company is not illegal if it is established correctly and conforms to international law. This is where Carlo Scevola & Partners comes in to play. Carlo Scevola & Partners (CS&P) is a fiduciary company headquartered in Switzerland that has branches located throughout the world. Their primary function is to provide asset protection services to their clientele.
These experienced professionals will establish an offshore company that meets all international standards to protect your assets. The use of an offshore bank will further decrease your tax liabilities and expenses. When you use an offshore bank you will receive the same services as an onshore one, and thanks to technology, at the same speed.
You have worked hard for your money. Your business has done well and deserves to retain the wealth it has built. Increasing taxes and bank fees should not be a hindrance to you when offshore options are available.
An offshore company, when established through a trust, will protect your assets from over taxation. Using an offshore bank will reduce fees and protect the cash flow that comes in and out of your accounts. When created in compliance with international laws, these options are the only ones that make sense to protect your wealth.
Owning an offshore company or using an offshore bank does not mean you will become tax free. Every citizen must pay taxes. What it does mean is that you will not be subjected to super high taxation that is currently being imposed on everyone that is deemed wealthy.
by: Peter Robertson
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