THE OFFSHORE CORPORATION has the same rights as a U.S. Corporation, to conduct business in the U.S. Formation of an offshore corporation provides our clients with a legal entity to hold assets, the beneficiary or owner of which cannot be discovered! An offshore corporation can file a first position lien against assets and property. For example, by titling your property in your offshore company, you can transfer real estate, cars, boats, planes, and other property more easily by selling or transferring your stock, instead of retitling the property when sold. You can use an offshore company account to segregate riskier investments from safer investments, protect retirement funds in case of a bankruptcy, purchase securities worldwide that are not available in the U.S., protect yourself against Community Property and Prenuptial Agreements; and, perhaps, of paramount importance, through the use of nominee directors and officers, conduct business while retaining COMPLETE ANONYMITY.
ASSET PROTECTION TRUST (APT) an APT can be created in one or more of many foreign jurisdictions including, Gibraltar, Bahamas, Cook Islands, St. Kitts, Nevis, Anguilla, and the Turk and Caicos Islands. In Europe, in Jersey, Guernsey, Isle of Man, and Liechtenstein. We set up our offshore APT’s so that our clients are typically beneficiaries as well as trustees of the Trust. In the event it is necessary to move liquid assets into the offshore account, no significant degree of control or authority is compromised. If and when there is an attack upon the client by a creditor, the liquid assets and personal property can be shifted to the offshore accounts held by the APT. Since these accounts are not subject to the jurisdiction of U.S. Courts, our clients are afforded the maximum protection of their liquid assets and personal property. Once assets have been safely relocated outside the U.S. and under the protection of the laws of the host country, recovery of any judgment by a creditor becomes impractical — if not impossible. Real estate or other non-liquid assets can be protected through an arrangement known as the Equity Reduction Plan.
INTERNATIONAL BUSINESS COMPANIES (IBC’S) The International Business Companies Act of 1990 (The Act) was established with a view towards enabling The Bahamas to more effectively compete with other tax haven jurisdictions having similar laws. In terms of secrecy, there are no public records on the identity of Shareholders and Directors. Although a minimum of two subscribers to the memorandum is required, upon the initial incorporation, once incorporated, an IBC may operate with a single shareholder. Also, there need only be one director/officer of the company who may be a citizen of any country. All of the foregoing capacities may be filled by a corporate entity, rather than an individual if desired. Further, there are no financial or other returns required in respect of an IBC. Nor is it necessary for an Annual General Meeting of shareholders to be held. Director’s meetings can be held anywhere in the world and can be conducted by telephone. An IBC may also issue registered or bearer shares and holders of either can convert such shares into the other type. Shares can be issued with or without par values and in fractions. Capital can be expressed in any currency.
PRIVATE INTERNATIONAL BANKING (PIB) Possibly the most prestigious and important financial and estate planning tool available today. No other vehicle can offer you a comparable degree of privacy, asset protection, the opportunity for profit, and flexibility. The advantages of conducting business offshore have become apparent to numerous companies typically associated with American business. Merrill Lynch, American Express, Firestone, Dow Chemical, and Bank of America are just a few of the well-known names with substantial offshore interests. In addition, virtually every domestically based financial institution maintains interests offshore; either through private banking or mutual fund securities. The reason is clear: Offshore business is sound, profitable, and can substantially reduce costs. There are approximately fifty-four jurisdictions around the world which, in one form or another, can be classified as tax-havens or international financial centers. These jurisdictions reflect the different cultures and ideas of their citizens, As a result, there are numerous variations to Private Banking. No one jurisdiction does it all. Your specific goals and qualifications would need to be discussed prior to concluding which strategy to implement. Those JE Holdings, LLC., clients who have PIB’s enjoy the advantages of strict secrecy laws, no Income, Estate or Capital Gains Taxes, Low Capital requirements, Unrestricted Lending Activities, and Cash Management with Minimum Liquidity Rules. Broadly defined, “Private International Banks” (PlBs) or “Offshore Banks” are simply banking entities established outside of the United States or the country in which the depositor resides. Thus, in most cases, these entities are not subject to State or Federal Rules or regulations. The advantage of avoiding costly regulations such as reserve and insurance requirements results in a path of profits contributing directly to the bottom line. An “Offshore Bank” or “Private International Bank” (PIB) enables international financial matters to be transacted in complete privacy; free from host country taxation without exchange controls and without the need to ever leave your country of residence. Only a minimal presence need be established within the borders of the host nation.
CONCLUSION As the foregoing establishes, there are a wide variety of Strategies that can be explored in order to accomplish the goals of a JE Holdings, LLC, client. After review, please feel free to schedule a consultation with one of our representatives.