Offshore Corporation Asset Protection Services

Offshore corporations are an integral component to a strong asset protection service. By leveraging the laws of foreign jurisdictions, you can own legal entities privately that can, in turn, own your assets. This part of the plan allows 100% control over your property and capital and if legal troubles arise, immediate protection options are available that abide by the law.

Forming an offshore corporation, you have a legal entity with which to hold assets. Only you know who the beneficial owner is. Private investigators that are often hired by lawyers to locate assets will have a very challenging experience when they attempt find your accounts and assets. This makes you a very poor prospect when a potential plaintiff is contemplating a lawsuit against you.

How It Works

U.S. judgments are not recognized in many offshore jurisdictions. This is a significant layer of protection in your service. In many cases, a creditor would have to pursue your assets where they are, offshore. This creates a very expensive and arduous legal battle. Offshore asset protection services offer the most in safeguarding your wealth and providing financial privacy.

An offshore corporation can conduct nearly any type of business in the U.S. that a U.S. corporation can. If your offshore International Business Company (IBC) becomes involved in a lawsuit, the offshore courts do not recognize U.S judgments against a company incorporated in their jurisdiction. A plaintiff would have to hire an offshore attorney (where there are usually no contingency fees) and try to convince the offshore court to hear the case. This is especially true when an offshore corporation or LLC is owned by an offshore asset protection trust.

This is why more and more professionals and small businesses are using offshore tools to lower their liability insurance coverage, which can save them tens of thousands of dollars each year in premiums. Small business can also use offshore tools to reduce or eliminate the easy seizure of assets by domestic plaintiffs and give them other alternatives to insurance coverage that have become too expensive to carry. This is not to suggest that we recommend forging insurance. However, for some business professions insurance costs constitute the proverbial straw that breaks the camels back.