What Are The Advantages Of Offshore Foundation?

Posted on Nov 8 2013 - 9:46am by Kamruzzaman Royal

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Asset protection

It is the desire of many people to hold their assets in the right manner. When you have an offshore foundation, your assets are well protected. This is important since you have the capacity to take care of your assets from any location in the world. You will have less amounts of running the account which you can easily manage.

Less taxation

Many companies have to undergo the huge burden of taxation. This does not have to be the case when you have the offshore foundation. You will find it is much easier to get on with the business since there is less taxation. This also increases the assets, due to low costs of maintaining the account.

Inheritance planning

Most offshore foundations are used for the family planning. This is ideal for the placing of the trust of children, future business, and overall sharing of the money available. In case you die, you will have the guarantee that your children and next of kin will have the cash that you left behind. This is an agreement that is made and none of the partners can change your inheritance planning unless you give permission to proceed. The account is under operation, hence protecting your interests.

Charitable purposes

Many people want to aid in the charitable organizations. However, you will find that you are under constant reviews in order to determine the wealth. Some of the chartable courses are under taxation and this is a huge burden to the company. With the offshore foundation, you are at ease to give to charity and you will not be under any taxation.

Increase of stock

If you are holding a public foundation or partnership, you have the right to increase your investment. This will reflect on your account and this is more profit and growth. In case of profits, the amount is divided based on the share contributions of each party. This is one of the reasons that has led most of the firms in the offshore category to make volumes of profits.

Retirement program

The offshore foundation acts as a good retirement program for all the holders. You need not to worry that your assets are in the wrong hands since they are safe. Most people who have invested in the offshore foundation will have a higher interest rate for the cash is not under any form of taxation. You need to list all the membership and the benefits that one will get.

Professional assistance

When you are running an offshore foundation, you will get all the assistance that you need. There are legal firms that deal with offshore registering, monitoring of the account and general protection. This allows you to go on with your business and you do not need to worry that someone will take over your account. This is a good feeling since you are operating in new grounds and you hardly know if you can trust some of the people. You will get the right advice when it comes to investments, and general operation of the trust.

Photo Credit: Flickr/Mr. T in DC

About the Author
Kamruzzaman Royal

Kamruzzaman Royal is associated with a leading offshore services company ASG Avia Slogold Group) that specializes in offshore company formation, offshore trust, getting bank license, offshore foundation and many more things regarding offshore.