By Arnold Cornez

Here's a well timed, finished, and valuable consultant to utilizing offshore making an investment as a mode of asset defense. From comparing areas within which to take a position to averting offshore scams, this easy-to-understand publication provide you with all there's to grasp approximately protecting the cash you earn.

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Extra info for Offshore Money Book, The : How to Move Assets Offshore for Privacy, Protection, and Tax Advantage

Sample text

How much does it cost to set up and sustain offshore accounts? Who will provide the international formation and annual services? What type of banking services are required (for example, public versus private banking)? What type of flexibility is needed when establishing and administering the trust? If you've started and are already offshore, ask yourself the following questions: Why did you go offshore? Are your offshore arrangements legal and tax compliant? Why did you select the structure? Is your current structure the best for you, both now and in the future?

You recognize that through knowledge you acquire power. What you learn from this book by keeping an open mind may change your life forever! 12. S. national debt, and this domestic monetary crisis makes you hedge your personal finances. 13. You are willing to become more computer literate to harness the vast offshore resources available on the Internet. Just sample some of the sites identified in this book, and you certainly will concur that it was well worth the time and financial investment to get on-line.

Government insures your funds on deposit with onshore banks. There is no equivalent of America's FDIC or FSLIC banking protection' anywhere 20 THE OFfSHO*RE HOH[Y BOOK else in the world, except for Canada and the Isle of Man. Canadian banks provide some protection through the Canadian Deposit Insurance Corporation (CDIC), while the Isle of Man provides very limited protection for 75 percent of the account but with a limit of around $30,000. In June 1999, Mexico created a bank bailout agency-the Bank Savings Protection Institute.

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