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Sullo
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| Joined: | Wed Jun 14th, 2006 |
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| Posts: | 2 |
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Posted: Wed Jun 14th, 2006 12:55 pm |
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Here I know many guys that can use an off shore company for buying a home or business in Asia, and many more that can and should use off shore banking. It’s a useful tool in property and business ownership, tax avoidance and wife law suit mitigation.
I have just finalized establishment of a Belize Corporation for a business associate, making it 35th Belize Corp I have established for clients and associates. This has led Belize authorities to offer me an official status as a professional representative for them.
I am now able to offer clients a standard US$50,000 authorized capital corporation with a legal off shore bank account that provides ATM cards that can be used world wide for just US$1,500 plus your initial US$1,000 deposit required by the bank.
Company kit includes all documents, 1st years taxes paid and the corp. seal and M&A’s .
The taxes and authorized local address is only US$550 a year from year two. I can get you almost any name you need, provided its not already taken up.
Anyone considering any form of business in Asia should consider using an off shore corp as their presence here, simply work for the company to keep your profile lower, use the off shore bank for remittances or letters of credit if in the import / export business and for lowering or completely avoiding tax.
It is all legal, simple and easy, takes two to three weeks depending on your paperwork. Email me at dragon@comclark.com if you want more info or a Belize Corporation set up with a legal bank account .are some details on the Offshore account opening procedures that we go through;
We only establish bank accounts for clients for whom we have setup International Business Company (IBCs).
We Offer a choice of five banks we use in Dominica, Belize, The Bahamas and Grenada.
Our all inclusive fee of US$2,500 covers everything involved in us setting up an International Business Company in Belize or in The Commonwealth of Dominica. The Bahamas and BVI are NOT a good place anymore as you now need two directors and the beneficial owner's name goes on public record. The US$2,500 includes your initial US$1,000 bank deposit so this amount remains yours.
Our work includes preparing and lodging IBC Memorandum and Articles of Association documents with the Government Registrars, gaining approval for your company name, arranging for the Incorporation certificate, paying the Incorporation and Company annual fees, providing the local registered Office and registered agent for the IBC (Government requirement), and sending all the company Incorporation and banking documents to you.
Note: We do charge a nominal annual fee for providing the required local Office/agent of US$150.00 which is US$100.00 cheaper then our previous BVI local agents fees. The Government Registrar also charges an annual fee of $250 for all IBCs.
This will be payable in your SECOND and subsequent years. All Incorporation and Government fees for your IBC's FIRST year are covered in our US$2,500 setup charge.
Our associates are the agents for several top Offshore banks in Belize , ones they have been dealing and banking with for many years. Opening deposits start at $1,000
Offshore bank accounts are opened in the name of your company and are
Operated in much the same manner as a mainland or onshore bank account.
You can mail check deposits, have payments direct credited or shift funds
In and out via wire transfer. You can access account balances and statements
Electronically or via the Internet.
The corporate debit or credit card will be in the name of the IBC.
You can make withdrawals from anywhere in the World at ATM machines or over the counter.
Corporate checking accounts are also in the name of the IBC with its name
Printed on the checks and are operated exactly the same as a mainland
Checking account.
Brokerage accounts are also available with the same banks, so you can trade stocks, bonds options etc., on most major world markets.
Opening the corporate account:
Once your IBC has been Incorporated, we will email you a package with documents for you to sign and return to us . You will need to personally select your PIN and code numbers required to activate the account and provide signatories to the account, this can be changed at any time.
The main reason for your Offshore presence is to avoid tax and to protect your assets from those most interested in getting hold of them.
It certainly pays to operate a good part of your investment activities out of a secure tax haven, where no one else can touch your bank account and your assets. No annual reports, no audits, no taxation. Because of recent changes to The Bahama's and BVI legislation (due to September 11th), Belize is now the preferred jurisdiction as you can have "bearer" (unnamed) shares and only need one director, whereas The Bahamas and BVI now require two directors, no bearer shares and the beneficial owner must now be named.
We have been establishing Offshore companies and Offshore Bank accounts for many years now and providing management services for International Business Companies (IBC's) in tax free environments with guaranteed secrecy. There will never be any credit checks run on you for
Banking facilities and you will have full online banking and brokerage access.
We can provide a fast turnaround from our agency law Offices in Belize and have your new Offshore Company established and Offshore Corporate bank account documents post back to you within five to maximum of ten working days of receiving your papers.
Your own INTERNATIONAL BUSINESS COMPANY, Incorporated in Belize
Includes the following:
1. GOVERNMENT INCORPORATION FEES PAID
2. CERTIFIED COPY OF INCORPORATION
3. MEMORANDUM OF ASSOCIATION
4. ARTICLES OF ASSOCIATION
5. CORPORATE BANK ACCOUNT DOCUMENTS
6. PROVISION OF LOCAL OffICE AND AGENT
7. HIGH QUALITY METAL CORPORATE SEAL KIT.
You will receive full details and account opening forms from us with your IBC documents.
All deposits are fully insured and the banks are low risk and long established.
Here is a little more information on Offshore banking secrecy that you may
be interested in.
Offshore banks are split into two categories: ones that do mainly domestic
business, such as the large International banks with mainland Head Offices, catering for the tourist and development business and banks whose primary business is Offshore and IBC transactions.
If you have an IBC and most of your business and banking is going to be
channeled through an Offshore account, a specialist Offshore bank may be for your liking. Local banks have total autonomy over their affairs and keep all customer records safe from the prying of foreign regulators.
The local Offshore banks we use are amongst the oldest and best and Offer superior service and facilities, tailored to Offshore clients. Over the years our associate has weeded out the best banks for Offshore service and we will be giving you the choice of private or mainland banks.
All recommended banks have fully insured deposits.
Banking secrecy is strictly enforced by law. Access to bank records is only
available to signatories on the account - and to no one else.
Tax avoidance or even tax evasion are not considered criminal matters and, since there are no taxes to pay, there are no statutes relating to them, rendering it impossible for a court to give a decision, even if asked.
No details of the directors, shareholders or beneficial owners can be obtained by the tax authorities and the banks will not, by law, reveal even the existence of such an account.
All the banks are governed by the Central Bank in each Offshore
jurisdictions and by Law, have to hold far greater reserves than for example USA banks. As banking is worth so much to the Offshore countries, the Governments do not allow any breach of trust or to have any bank's integrity compromised.
All normal banking services are available with the banks our associate is an authorized agent for.
Checking and investment accounts are also available. Debit and Credit cards are supplied on request and may be used to access account funds Worldwide.
You can view your account details and access statements online
or electronically and you will be able to trade stocks etc through your
account.
Please let me know if you need further assistance.
Belize (formerly British Honduras until the name was changed in 1973)
In 1990, Belize passed an International Business Companies Act and has since added and amended legislation to maintain a modern, safe and clean financial services industry. This sector has matured over the years and today has some of the most modern instruments for asset protection, investment banking, Trusts, insurance and mutual funds. A professional Central Bank staff, a Financial Services Commission and a pro-active Government combine efforts for efficiency, service and the necessary secrecy and diligence.
Location: East Coast of Central America, bounded on the North by Mexico, on the South and West by Guatemala, and on the East by the Caribbean Sea
Capital and Major City & Towns: (Capital) Belmopan; (City) Belize City, (Towns) San Ignacio, Corozal, Orange Walk, Dangriga, Punta Gorda, San Pedro.
Climate: Sub-Tropical
Nationality: Belizean
Official Language: English, however, Spanish is spoken.
Total Population: Approximately 243,000
Land Area: 22,923 km. Sq. or 8,867 sq. miles
Form of Government: Democratic
Head of State: Queen Elizabeth II
Independence Day: September 21, 1981.
Currrency: Belize dollar (Bz$)
Exchange Rate: US$1=Bz$2.00
Time zone: EST -1; GMT - 6
Major Ports: Belize City, Big Creek and Dangriga.
Major International Airport:
Phillip S W Goldson International, 8 miles WNW of Belize City.
Entry Requirements: A valid passport is required of all visitors. Citizens of the United Kingdom, some Commonwealth countries, the European Union and the USA are not required to have a visa, provided they have a return ticket.
Business Hours: Government hours: 8:00 am - Noon, 1:00 pm - 5:00pm (4:30 on Fridays) Banking: Mon.-Thurs. 8:00 am - 1:00 pm. Fri. 8:00 am - 4:30 pm.
Chief Products: The economy of Belize is based on tourism, finance and agricultural development but in recent years there has been a resurgence in forestry. The main exports are sugar, citrus, bananas, fish products (mainly lobster), timber and garments.
Telecommunications: All automatic systems: Direct dialing with major countries in the world. Telexes, faxes, cellular, email and internet are also readily available.
A Belize Trust
The use of a Trust for asset protection and estate planning dates back several centuries. Trusts have become a seriously effective means of minimizing taxes, protecting assets and passing wealth along to heirs in private and without devastating tax consequences.
The very wealthy have used the trust approach for many years. With recent development in the Offshore world where more and more jurisdictions adopt effective laws, the trust has become an instrument available to people of lesser means. For nominal costs, minimal formalities and on short notice, a Trust can quickly come into being.
We invite you to consider the trust a part of your personal and corporate financial planning, either alone or in conjunction with a IBC (International Business Company) where the Trust is the shareholder of the IBC. This makes the beneficial owner of the company virtually bulletproof.
Some Information About A Trust
In general, a trust involves:
A Settlor or Grantor: The person, company or other entity placing property into a trust.
A Trustee: The individual, company, another trust or their entity who receives the property to be managed for the benefit of those individuals, companies, trusts, or other entities named as Beneficiaries.
The Beneficiary or Beneficiaries: The individual, individuals, company or companies, trust or trusts or other entities named to benefit from the trust property.
The Trust Document, The Deed or Declaration of Trust is the written instrument which details the duties of the Trustee, names the Beneficiaries and lists the property in the Trust Corpus or body of assets.
For Asset Protection
In litigious countries such as the United States, it has become common practice for individuals to seek Offshore trusts for protection against:
Malpractice claims, in the case of Medical Doctors and other professionals,
Product liability, Creditors, either Business or Personal Judgments, Problematic divorces etc,.
The Trust must be irrevocable to qualify as a true asset protection device. If the Beneficiary or Settlor have ready access to trust property, tax authorities can "demand" compliance with local laws and tax regulations of the beneficiaries or settlor. We setup Trusts as Irrevocable Trusts to give you total protection.
Speed Where Speed Is Important
A trust can be established in a few hours, literally. While it might take longer to have property transferred into a trust, time can be a factor as to the dating of the Deed. Generally, a Trust Deed is not registered with any tax jurisdiction. There is no requirement for accounting reports to any agency.
The Advantages of an Offshore Trust
Tax savings, avoidance and deferral: You can save, avoid and defer many taxes in many ways. You don't owe tax until you "repatriate" your assets, whether they be cash or the very house you're sitting in now. Any asset can be designated Trust Property. And if the Trust is in another jurisdiction, chances are those assets can earn interest, or accrue whatever pertinent value without being subject to domestic taxes.
Safety: Keeping assets Offshore provides you a financial reserve should disaster strike at home, or in your domestic financial life.
Protection Against Judgment: In a lawsuit-happy world it's nice to have reserves that can't be "seized", "liened" or "attached" with the stroke of the Court's pen or the phone call of a tax authority.
Confidentiality: A private contract, a legal agreement, and the business of no one but yours, the trustee's and whomever else you think needs to know. The Offshore Trustee is required to say nothing to external inquisitors.
Ease of Transfer of Interest to Heirs or Others: Wills, living trusts, and domestic trusts invariably pay taxes - especially when assets are transferred.
Earnings and a Faster Accumulation of Wealth: Trusts can own companies, have bank accounts, own portfolios, hold trading accounts and not pay taxes.
Creation of a Trust
It is important to be selective with the jurisdiction in which your Offshore Trust is based and Belize has some of the best legislation governing Trusts. A Belize Trust, does not require a Social Security number and has no reporting requirement whatsoever. You can keep your financial affairs in complete confidentiality and your property safe from claims, judgments, or bankruptcy proceedings. U.S. taxes or taxes from any other country cannot be imposed upon earnings or assets of non-domestic, irrevocable discretionary Belize trusts.
The Trust is one of the most flexible financial instruments and entities to ever come about. We Offer the establishment and management of these Offshore trusts under the jurisdiction of Belize.
We provide service on a personal basis while maintaining maximum confidentiality.
Total cost to establish an Offshore Trust in Belize is US$2,800
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