How do I put my money into an offshore asset
Once your offshore corporation and trust are established,
IFG Trust will help you open offshore bank and investment
accounts with major financial institutions. When these
accounts are in place, you simply transfer funds directly
to the bank or brokerage firm at your discretion.
Once I've established an offshore corporation and
trust, who manages my money?
As Manager of the International Business Corporation,
you will remain active in the ongoing management of
corporate assets. You will determine corporate offshore
investment strategies and you will maintain signing
authority on all accounts. To preserve the credibility
of your trust structure, IFG Trust will assign professional
support where necessary.
How do I get my money out?
As manager of the IBC, you will have access to a corporate
credit card that can, in some cases, be used to pay
for company related expenses. As a beneficiary to the
trust portion of the structure, you may also stand to
benefit from future distributions of trust income and
Do I have to travel to the country where my offshore
corporation is located?
Offshore financial planning does not mean that you
have to live abroad or even visit your foreign corporations
or other offshore facilities. Offshore business is conducted
online through IFG's secure and convenient electronic
messaging system. At your direction, our qualified professionals
deal on your behalf with reputable and secure offshore
banks, investment firms, and government authorities.
Even investment services within your country of residence
can be purchased on your behalf from an offshore location.
What would happen if I died?
In the case of an offshore trust, the assets you hold
would become the property of those individuals you named
as trust beneficiaries. In this sense, an offshore trust
is a living will - only better. In an offshore environment,
probate fees are typically non-existent, inheritance
taxes can be minimized, and perpetuity rules generally
do not apply.
For those who incorporate without a trust, offshore
assets would be transferred through the provisions of
a Last Will and Testament. Bear in mind, the disclosure
of offshore assets in a will does compromise the privacy
of your offshore affairs. For this reason, an offshore
trust adds a recommended layer of privacy to an offshore
Isn't it illegal to go offshore?
Absolutely not. This is perhaps the biggest myth around
offshore money management. Offshore
investing is used for legitimate purposes by law-abiding
individuals and corporations.
The fact is it has never been illegal to invest money
overseas. Every western nation depends on and encourages
international trade. This means there are usually no
restrictions on residents doing business or having bank
and investment accounts in other countries. Many countries
do, however, impose reporting requirements. Please contact
a local advisor for information specific to your country
Aren't offshore financial services just for the
Offshore havens are no longer just for the ultra-rich.
Any individual with extra money to invest or assets
to protect can benefit from them. No matter where you
live, there are legitimate financial benefits to offshore
investing. The fact is hundreds of billions of dollars
are held offshore, and the number of offshore investors
in growing rapidly.
Will going offshore reduce my taxes?
That depends on the taxation policy and reporting
requirements of your home country.
Reporting requirements for other countries vary. In
many cases, there are tax savings to gain from offshore
investing. For more information, contact a local advisor.
If I can't legally avoid paying income tax, then
why invest offshore?
There are many other legitimate benefits to gain from
offshore investing. Offshore structures are commonly
used for asset protection, estate planning, international investments, and guaranteed financial
Who should I consult before going offshore?
IFG Trust is a corporate management and trust service
provider. We do not provide legal or accounting advice
but will work closely with your advisors to develop an
offshore strategy for you.
We highly recommend you consult with your onshore legal
and accounting professionals to ensure you meet the
reporting requirements of your country.