Blog - International tax planning - International Tax Lawyer - International Tax Planning for Crypto Investors

Offshore Trust. The ultimate asset protection you need

Offshore Trust. The ultimate asset protection you need

***

Contact us and speak with an international tax lawyer: https://yourinternationaltaxlawyers.net

Discover our courses

COURSE 1 TAX HAVENS COURSE - GLOBAL CITIZEN COURSE - BUSINESS INTERNATIONALIZATION COURSE

https://yourinternationaltaxlawyers.net/index.php/course-1

COURSE 2 Learn 10 hidden strategies used by elites and multimillionaires to reduce their taxes, and start saving taxes right NOW, even without moving abroad

https://yourinternationaltaxlawyers.net/index.php/course-2

***

Have you ever felt insecure about keeping your assets and investments in your own country?

Do you have trouble trusting your local laws and economy?

Are you tired of high tax rates and government provisions threatening your freedom?

If so then you need to have an alternative to prevent your assets from being taken over by the government or powerful authorities in case of bankruptcy.

You can lead a stress-free life and keep your assets safe and secure with a help of an off-shore account.

You might have heard about offshore accounts in high-profile cases assuming that this is something corrupt elites can do.

But believe it! It is a wrongful assumption that offshore trust accounts are illegal or a sign of corruption.

Rather these accounts just offer you extra security and freedom to invest and enjoy your assets which is your lawful right.

You should have the liberty to invest and keep your hard-earned assets the way you want without any dictation, fear of seizure, and additional taxes. Luckily you have the option of getting an offshore trust account and enjoying your highly secured assets. 

Offshore Trust account

If you are wondering what is an offshore trust account and how it works then we won't keep the suspense alive anymore.

An offshore account transfers the ownership or title to a trustee who manages the assets for the beneficiaries and lives abroad far from the strict local laws and regulations.

Let us put it in simple words.

It is an account that involves three parties namely a settlor, a trust, and a beneficiary.

A settlor is a person who wants to transfer their assets to a secure location, trust is the entity that is entitled to keep and manage those assets as per your pre-stated instruction while beneficiaries are the ones who will get the fruit of these assets.

The best part is that the settlor can give his/her name as a beneficiary too.

Trust. How does it work?

Initiating and managing an offshore trust account might sound like a complicated task to do. You might get overwhelmed with all the details and paperwork. But once you are done with the account you can enjoy lifelong asset security and freedom to invest.

You might be wondering how to trust account works. Well, you sign a Deed of trust whereby you mention the duties or responsibilities of the Trustee. If you carefully draft the Deed of Trust then you can enlist each and every possible step of investing your assets and distributing the profits or assets altogether to beneficiaries.

How offshore trust does secure assets?

The most compelling question of all is how much an offshore trust account can offer you asset and taxation security. Especially when you are legally bound to declare those assets in your assets (in some countries). Well, an offshore trust account does not work as per your local laws so your local taxation and other laws won't bind you always, and there are ways around to study in a case by case basis.

Secondly, the title of the asset will be in name of the trustee, so in case you get bankrupt or any other unfortunate incident happens then, in some cases (but not always), no one will be able to put a finger on your offshore assets because they won't be legally in your name.

Best (and more famous) countries for Offshore Trusts

The Cayman Islands

Bermuda

Anguilla

The British Virgin Islands

Switzerland 

Liechtenstein

The Cook Islands

St. Kitts and Nevis

Jersey

Barbados

Antigua

Marshall Islands

Seychelles

Cyprus

Mauritius

***

Contact us and speak with an international tax lawyer: https://yourinternationaltaxlawyers.net

Discover our courses

COURSE 1 TAX HAVENS COURSE - GLOBAL CITIZEN COURSE - BUSINESS INTERNATIONALIZATION COURSE

https://yourinternationaltaxlawyers.net/index.php/course-1

COURSE 2 Learn 10 hidden strategies used by elites and multimillionaires to reduce their taxes, and start saving taxes right NOW, even without moving abroad

https://yourinternationaltaxlawyers.net/index.php/course-2

***

Related Articles

Information

All images are for demonstration purpose only. You will get the demo images with the QuickStart pack.

Also, all the demo images are collected from Unsplash. If you want to use those, you may need to provide necessary credits. Please visit Unsplash for details.

We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.