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Frequently asked Questions on Offshore Investment
What does offshore investing mean?
Offshore, at least with respect to the financial world, generally means a tax jurisdiction other than where the investor lives. The foreign countries most favoured for investment purposes have laws which give distinct advantages to the investor or businessperson.
Do I have to travel abroad to invest offshore?
No. Offshore investing does not mean that you have to live abroad, sell your local investments, or even visit your foreign bank accounts, corporations or other offshore facilities. Offshore investing can be done from your own home through our qualified professionals who deal on your behalf with reputable and secure offshore banks, professional firms and government authorities. Even investments within your country of residence can be purchased on your behalf from an offshore location.
Is it legal for me to have offshore investments, companies and bank accounts?
Absolutely. Because every western nation encourages international trade and enterprise, there are usually no restrictions on residents doing business or having bank accounts in other countries. Reporting requirements on such accounts however, differ from country to country. Offshore investment vehicles are routinely used by sophisticated and reputable high-net-worth individuals and corporations worldwide.
What about income tax on income I've earned offshore?
Most high-tax countries require residents to declare their income on a worldwide basis. No matter where you earn it tax is payable when income accrues to you, or in certain circumstances, when it accrues to an entity that you control. That is why most countries impose no restriction on where one's business interests, investments or bank accounts can be located.
If I have to pay taxes, what is the advantage of investing offshore?
There are many other legitimate reasons to invest offshore which do not relate to taxes. A knowledgeable professional, familiar with offshore jurisdictions, can create a plan which fully complies with local tax law. However, there are other important reasons to consider going offshore as well as including taking advantage of active business interests abroad.
I still want to keep my affairs confidential for other than tax reasons. Is confidentiality guaranteed?
With the right choices, your privacy can be absolutely guaranteed. Except in the event of proven criminal activity (excluding so-called "fiscal offences" such as tax evasion or other money collection disputes), most offshore governments uphold strict confidentiality laws for banks, corporate registries and trust companies. These laws protect offshore investors from third parties, including both private and governmental authorities.
