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Samoa

 
 
  Going Offshore                                                                                                      Back

We will try to provide you with enough information to clearly illustrate that there may be substantial benefits obtained through moving your business and assets into an offshore entity (going offshore). We hope to open your eyes and pique your interest sufficiently to cause you to consider the potential benefits of using GT Group services and to cause you to initiate an interchange with us about your situation.

 

Perhaps you're worried about your future, about the potential of a crippling liability action, perhaps you're trading internationally and have income arising in different parts of the world, or perhaps you are concerned about inheritance taxes on your death. GT Group offshore structures can generally solve all these problems and many more.

 

The word "offshore" has often been linked to crime. This is a deliberate strategy of government and other vested interests. Sure, some criminals try to bank their ill-gotten gains in an offshore account - but that doesn't negate the benefit of going offshore as a law-abiding citizen. What they forget to tell you is that many offshore banks have very stringent controls on who banks with them. They have their own reputation to protect. It's not in any bank's interest to be known as a haven for criminals. The main purpose of going offshore is the privacy it affords you. Our company is interested, and will only accept, genuine legal uses. Use it as a means to legally decrease your tax burden. You may be able to defer, reduce and even eliminate taxes by following a carefully thought out strategy. You may want to structure for retirement planning - in this way your nest-egg will grow without being continually "trimmed" back by various taxes. The power of compound interest works much better when you're not getting tax deductions!

 

  Other Common Advantages Offshore:

 

Ultimate financial privacy

Asset Protection

Income Tax Reduction

No inheritance, succession or gift taxes

Protection from inflation

Reduction in legal liabilities

Reduction in operating expenses

Freedom from currency exchange control

Data on owners and directors are not publicly available and remain confidential

World-class banking and investment management services available

Easy access to North American and European capital markets

No international trade tariffs

No annual tax return requirements

No import/export quantity limitations

No costly bureaucracy

 

One of the first thoughts that come to mind when the phrase offshore investing is mentioned to an individual is tax savings, but consider this. In today's ever changing society the respect for an individuals right to privacy has been lost completely. GT Group allows the owner total control over their assets in the complete PRIVACY of a Tax Haven. All business, including investments and banking, is conducted under corporate ownership, keeping the names of the shareholders, directors and officers completely private. Your personal and corporate transactions in your country may be carefully watched and in some cases, if you deposit more than a certain sum of cash it is reported to various government agencies.

   

Is There Any Solution? 

 

GT Group can provide you with all the necessary information for solving satisfactorily the problem. We look at your situation, and consider some different advantages and uses that can be made of offshore. If you reside in an onshore country, there is no privacy when incorporating a local company. Information relating to the names of past and current shareholders, directors, officers and financial records are easily obtained through the corporate registry and are available to anyone for a small fee. Fortunately offshore companies in some countries are not under such regulatory disclosure requirements. They benefit from extremely flexible legislation, the absence of direct taxation, ease of operations and political stability.

 

Okay, But Is It Legal? 

 

Yes, it is absolutely legal to form a company, establish a Trust, open a bank account and conduct other business in a Tax Haven. However, you should check with a lawyer in your country to confirm these legalities for your circumstances. Each country has it's own policy.

 

We do build plans for citizens of many countries that allow our clients to legally avoid tax. Consult us for specifics about going offshore in absolute confidentiality.  

For further information or for any questions you may have, please email us at: [email protected]. To go to our next articles page, click here.

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