Private clients - Offshore structures
We incorporate offshore companies in some of the best jurisdictions. This type of companies can be used for any purpose: tax planning; assets protection and confidentiality; opening of an offshore account; international trading of commodities or any commercial operation and vessels registration. One of the main offshore company use is the legal protection of the assets, against debtors or any kind of litigation. We recommend the use of the Seychelles company, as well as the Mauritius trust, especially in non-resident use and the Jersey foundation for wealth management and estate planning. But each type of structure, company, trust, holding is devoted to specific cases, often with sophisticated processes involving private or coporate tax planning. Mauritius companies are oriented toward India markets or investments for example; while European holding do not need the use of offshore companies. Updates are available like the Jersey foundation which was launched in 2008 and makes Panama and Liechtenstein foundations obsolete because its modernity.
The offshore structures: one of the most common use is the association between an offshore company and the opening of a bank account, with Internet access as well as a debit or credit card. What type of offshore company? This depends of the intended use: bank account; international commerce operations; assets protection, etc. As an example, a Mauritius company of the GBC1 can be used for tax planning because a tax treaty does exist with Belgium, France, Germany, Italy, Luxembourg, Sweden and UK to name a few. A foundation could be useful and may owned offshore companies or trusts that will be use with their bank accounts and specific use.
The last G20 summits and the banking secrecy: the last G20 summits did not change anything and the investor can still use an offshore company in relation with a corporate account. The banking secrecy was not cancelled in the European jurisdictions such as Austria, Belgium, Liechtenstein, Luxembourg and Switzerland, especially with the exceptions for U.S.A, United Kingdom and China that have no justifications. The wise investor will profit from the G20 lists, especially the white jurisdictions, in connexion with a bank account. This is the case for Delaware, highly confidential with no disclosure of the beneficial owner, of the Seychelles and Jersey.