Offshore Companies & Trusts

If you haven’t been involved in the world of offshore companies, then you may have never come across the term certificate of incumbency. The reality is it’s an essential document and, in this guide, I’ll explain what it is and how you go about getting a Certificate of Incumbency Hong Kong.

Asset protection has become such an important part of offshore structures in 2022. However, there is quite a bit of misconception that simply going offshore with a standard IBC is enough to protect your assets.

Offshore trusts were once the darlings of the UK jet-set as the jurisdictions, such as the Channel Islands, grew in stature for tax purposes. However, there have been some worrying signals from the powers that be regarding the use of offshore trusts.

When discussions come up about asset protection, I’m inevitably asked Which is Better a Trust or Foundation for ongoing protection. The answer is that it depends on what you are looking to protect and what your level of legal risk is likely to be. Subsequently, read on to find out which structure might be better for your circumstances.

Privacy has become a very real concern in 2022 as a myriad of data leaks continue. Subsequently, there are significantly more reasons now to form an Offshore Company with Nominee Director in place.

As Offshore Trusts have become more readily accessible by the average individual, so too have they become the vehicle of choice for tax structuring. Having an Offshore Trust and Loan to a Beneficiary has been one of the chief mechanisms for avoiding tax on distributions. However, it isn’t as straightforward as it might first seem, and, in this guide, I will explain why.

The past few decades have seen Belize grow in stature as an offshore tax haven jurisdiction that had aspects of privacy and tax effectiveness. Unfortunately, this led to significant pressure being placed upon the Belizean government from the OECD. Subsequently, recent changes now mean that the Belize IBC Taxation regimes have changed significantly.

The UAE is probably one of the most exciting options of 2022 and, as the country continues to mature as an offshore finance hub, could morph into being seen as the Switzerland of the Middle East. From Free Trade Zone companies (RAK) to UAE offshore entities, the offshore sector really offers something for everyone.

This year (2022) has really been all about capital preservation and asset protection in light of the pandemic and the associated economic slumps. Subsequently, the ubiquitous offshore trust has become the topic of discussion with many of my consulting clients.

Choosing the country that you form your new offshore company in is probably one of the most important decisions you will make. It can impact both your business operations as well as the laws and tax treatment that you receive.