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Offshore Companies and Trusts Perspectives In The Use Of Offshore Entities In Personal & Private Financial Planning.

ESTABLISHING YOUR OFFSHORE PRESENCE Safety, Confidentiality, Minimal Taxes, Low Operation Costs.

OF COURSE YOU WANT YOUR COMPANY TO MAKE MONEY… WOULDN'T YOU LIKE FOR YOUR COMPANY NOT TO PAY TAXES AS WELL? Imagine: One Shareholder; One Director; Bearer Shares; Shareholder Meetings Held Anywhere Any Time by Phone or by Proxy; With No Requirement to Name Shareholders or Directors. Total Privacy. Total Control Welcome To The Offshore World Companies and individuals worldwide are seeking to reduce their taxes, guard their assets against fiscal judgments, maintain a high degree of confidentiality over personal affairs and be able to pass on their wealth to heirs without confiscating taxes, the use of costly lawyers or the control of court appointed "referees."

The International Business Company and/or a Common Law Trust established under special laws in select jurisdictions have been proved to be excellent tools in estate and financial planning.

Major features of the Legislative Acts in preferred jurisdictions provide for: Special treatment of The International Business Company formed in their jurisdiction No Taxes. There are no taxes imposed on an IBC in most jurisdictions where domestic companies pay income taxes in excess of 35% on net profit. Some jurisdictions allow for minimal taxes of 1.5% to 5% taxes on net income as reported. Simplified Procedure An IBC is formed.

A company can be formed in just two or three days. Off the shelf companies are available of 1, 2 or threes of age. Older companies can be obtained at considerable increased cost. Articles Articles of Incorporation (Charter) can be adapted to meet individual needs of a company or individual Varied Capital Requirements There is no minimum paid up capital requirement. An IBC may issue bearer shares and no par value shares. Domestic companies may not issue bearer or no par value shares. Incorporators Subscribers may be an individual, a corporation or a Trust. A company may have Nominee Shareholders through local licensed registered agents. An IBC must have a minimum of one director. The Directors & Secretary may be an individual or corporation.

A secretary is not required (but you will find that in doing business, the office of secretary is helpful. Each company must maintain a Registered Agent and a Local Registered Office through the services of licensed individuals or companies that provide such services. Fees for handling the incorporation (including government and agents' fees) is US$1,500. Annual Maintenance Costs For the IBC the annual charge for (a) Government Fee and (b) Registered Office/Agent is approximately US$500 total. When our services are utilized, an office, phone/fax service and P.O. Box are provided at no extra cost. We provide corporate nominee directors/shareholders. Minimal fees include routine issuance of Powers of Attorney and Resolutions and Minutes of a special or organizational meeting. Services of an extraordinary nature are charged for at nominal rates. There are no requirements for an IBC to file details related to shareholders or directors. There is no requirement for the filing of audits or accounting reports. There are no requirements for tax returns or reports of any kind.

No meetings are required of directors of and IBC. Any meetings held may take place anywhere or by electronic means. There are no exchange controls for an IBC. Prohibitions In Most Jurisdictions include: No carrying on business with persons resident in the jurisdiction or owning an interest in real property situated within the jurisdiction. The company may lease property for office purposes An IBC may not carry on banking business, insurance or reinsurance business, or the business of providing the registered agent/office for companies. Summary Security anonymity and confidentiality are pronounced since most jurisdictions do not require disclosure of information on the Belize IBC company, nor are there accounting or audit requirements. The benefits attendant to a private IBC Company can be realized through having the parent and the Offshore entity using similar names. Costs reduction can be realized through eliminating the need to establish a fully manned office in the jurisdiction and avoiding the need to have additional license or filing fees or having to fulfill any capitalization requirements as might apply elsewhere.

Administration of an offshore entity is easy either through contracted facilities or through your own facilities established in the selected jurisdiction, or in any other jurisdiction as a branch of your IBC. TOTAL OFFSHORE SERVICES, LTD through properly licensed independent firms, offers services of company incorporation, and the provision of corporate directors and shareholders, at reasonable cost. We would be pleased to have you as a client.

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Please Note: It is always advisable to seek the advice of experts when making decisions about your finances. We regret that many of the experts do not know enough about the use of offshore jurisdictions to be of use. Just the same, prudence must be taken. We are not tax or legal professionals and do not provide investment advice, tax advice or legal opinions. We tell you what is available and will answer your questions as relate to the jurisdictions in which we work or the service in which you have an interest. We provide support and administrative services and in doing so we use properly licensed and trained professionals. * If clients are uncomfortable with having a trust company in the picture, an IBC can be formed for the purpose of acting as trustee.