The Only Bulletproof Way to Shelter Assets and Slash Taxes Is an Offshore International Business Company

For most people, a Nevada corporation will adequately protect their assets. And Asset Protection Group helps many clients each year form a corporate shelter in Nevada. However, for those who desire - or need - the maximum in judgment-proof asset protection, especially from a U.S. government agency, Asset Protection Group recommends an international business company (IBC) from the Bahamas.

Judgment-proof Your Assets to Avoid Ruinous Lawsuits

    The first step in becoming judgment-proof is to get your assets out of your personal ownership. One of the best ways to do this is to transfer your money, investments, vehicles, property, and other assets into an offshore corporation. This is a legal entity that you control. Lawyers for plaintiffs will only continue to pursue cases they believe will pay off, not those against judgment-proof defendants. The best way of getting the plaintiff's lawyer to accept a token settlement is to convince the lawyer that your assets are truly beyond the lawyer's reach.
    By forming an offshore international business company from the Bahamas, you create a legal entity to hold assets, and even do business. And no one knows who the beneficial owner is. All of the investigative agencies, which help trial lawyers, ex-spouses, ex-business partners, and creditors locate the wealth of the defendants they want to sue, will not be able to find your sheltered accounts and assets. This makes you a poor prospect for a lawsuit.

Judgments of U.S. Courts Are Not Recognized in the Bahamas

    Even if the judgment of a U.S. lawsuit should somehow target your IBC, courts do not recognize U.S. court judgments in offshore havens such as the Bahamas and Cayman Islands.

Cut the Cost of Liability Insurance

    This ability to protect your assets is the reason many doctors, professional business people, and owners of small businesses have discovered IBCs as an effective way to lower liability insurance coverage. This can save them tens of thousands of dollars in premiums each year.

Who Should Use an IBC in the Bahamas?

    People who have worked hard for their financial rewards, and who want to keep their assets secret and out of reach of lawyers and lawsuits or seizure by government agencies:

• Anyone who is the potential target of a lawsuit
• Anyone facing a costly divorce
• Anyone with a high net worth
• Anyone paying high premiums for liability insurance
• Professionals and business owners
• Individuals who need to keep their financial affairs private
• Professionals working abroad
• Companies selling products abroad
• Anyone needing to separate high-risk investments from other assets
• Anyone wishing to buy securities or precious metals not available to U.S. citizens
• Artists, inventors, and holders of copyrights, patents, or trademarks

The Bahamas has no taxation agreements with other countries. There is no tax treaty between the U.S. and the Bahamas.

Bank Secrecy

    The Bahamas and the Cayman Islands, to name a few, prohibit the disclosure of information pertaining to a client's affairs to a third party without the customer's written permission under penalty of law.

Major Financial Centers

    The Bahamas and the Cayman Islands are the largest offshore financial centers in the Caribbean with more than 600 banks and trust companies. Nassau serves as the headquarters for the branches and subsidiaries of many large, international, financial organizations. Experienced and capable attorneys, accountants, trust officers, and bankers are available. There are no restrictions on the movement of investments, corporations, or trusts into or out of the Bahamas or the Caymans.

Language and Law

    English is the official language. The English common law prevails, as amended by local statutes.

Stability

    A member of the British Commonwealth, the Bahamas boasts the third oldest democratic system in the world.

Trusts are disturbingly expensive to create and result in huge fees for the lawyers and financial planners.

    An international business company can be set up for a fraction of the cost of most trusts, and provides equal or even better protection with far greater flexibility.

A New and Growing Form of Total Asset Protection

    Since the Bahamian government enacted The International Business Companies Act in January 1990, more than 50,000 IBCs have been formed in the Bahamas. An IBC offers a corporate structure, which is a familiar and comfortable from for most business and professional people. Most IBCs will operate as regular investment or trading companies. It is possible, however, for a professional advisor to produce a "designer" company within the provisions of the Act. With a little effort, IBCs can easily be adapted so that they resemble and function as mutual funds, limited partnerships, limited or unlimited liability companies, or charitable associations.

Other Advantages of IBCs

• In the Bahamas an IBC and its shareholders are exempted from the payment of business license fees, income taxes, corporation taxes, capital gains taxes or any other taxes on income or distribution in connection with any transaction to which the IBC or the share holder is a party.
• No estate, inheritance, succession, or profits tax is payable in the Bahamas with respect to its shares, debt obligations or other securities.
• No stamp duty is payable on a transfer of property to or by an IBC or transaction in respect of shares, debt obligations or other securities of an IBC or any transaction relating to the business of an IBC.
• The minimum number of subscribers is two and of directors is one. Names of shareholders are not recorded in the public registry. No filing of financial statements or annual returns listing shareholders is required.
• Meetings of directors and shareholders may be held by telephone or fax or other electronic means.
• There is a guaranteed tax exemption for a minimum of 20 years.
• The IBC may be established for any purpose not prohibited by Bahamian law.
• An IBC is not subject to Bahamian currency exchange control regulations.
• Government registration and annual fees are low.

Fast, Friendly, Affordable Service

    The professionals at Asset Protection Group can have your IBC registered and legally operating in the Bahamas very quickly. APG's state-of-the-art computer and communications systems provide rapid exchange of necessary information with specialists in Nassau. Asset Protection Group consultants will guide you through the process of creating your IBC swiftly and easily. And you'll find they are always willing to take the time to be sure you understand the process. In keeping with the mission of asset protection, the company has kept its fees extremely competitive.

Check Out These Asset Protection Group Advantages

• Quality service focused on providing you with the best asset protection package available today
• You receive everything you need to legally operate your IBC
• High level of experience and credibility
• Insider knowledge of collection industry and IRS procedures
• A long list of satisfied clients
• Affordable rates
• Complete anonymity if you desire it
• The ability to lower you tax burden and protect your assets from lawyers and lawsuits

Asset Protection Group Provides the Following:

1. Preparation and filing of the Memorandum of Association with the Registrar of Companies for the Commonwealth of the Bahamas to create and incorporate the IBC.
2. Appointment and payment of a registered agent and registered office in Nassau, Bahamas for one year for the IBC.
3. Appointment and payment of an Officer/Director to serve as Nominees for the IBC for one year.
4. A company seal, preparation of the initial Minutes, filing of the Notice of Registered Office, and issuance of Share Certificates.
5. A corporate bank or brokerage account in Cayman Islands. No Social Security number is required. Wire transfers provide immediate access to funds.
6. Your IBC will be formed promptly upon receipt of the fee. To ensure complete anonymity, this can all be done over the telephone and payment may be made by credit card.