Anonymous-Asset-Protection

A Quick Guide for Anonymous Asset Protection

At the Anonymous Asset Protection Group (AAP), we advise our clients that moving their assets offshore is a legal asset protection strategy. And, that is not a option but a necessity in today's confusing financial arena. To make the decision easier, we present some important definitions you should know.

Anonymous (Privacy)

Put simply, this is keeping your financial affairs safe from intrusion by others whether it is governments, tax bureaus or greedy individuals. People with a considerable range of assets are targets and deserve the right to protect themselves.

Asset Protection

Asset protection involves restructuring your assets so they are difficult to target and are legally unavailable to others. Anonymous asset protection does not include creditor fraud, avoiding income taxes or other illegal activities.

You can use your protected assets whenever you wish, for whatever your needs. This includes cash, securities and other types of assets.

Offshore

In financial terms, practicing anonymous asset protection by moving offshore simply means putting your money in foreign banks. This is done to enhance its safety through privacy protection and/or to get a tax-free status.

Offshore Banking

A bank located in a foreign country does not necessarily make it an offshore bank. To be offshore, a bank must be licensed under appropriate offshore banking legislation. All offshore banks are regulated in one form or another, like their US and European counterparts. What is missing is pressure and limitations created by federal laws.

Offshore banking is tax free, has no foreign exchange regulations, and all account information is confidential. Also, having less restrictions abroad permit foreign banks more freedom in locating the best investments world-wide. They can then share their profits with their customers.

Finally, despite the bad press, not only criminals are moving offshore. You would be surprised how many American businesspersons and blue collar workers are using anonymous asset protection strategies to legally reduce taxes. The American and most other governments protect some of their monies in the same way.

Bank Secrecy

Your offshore bank should be restricted from sharing your account information with anyone under the penalty of law. This should include whether or not such a bank account even exists unless there is an order from a court in the bank's locale country. Some jurisdictions levy fines and prison time for bank employees that violate a client's confidentiality.

These secrecy standards are a big draw for those interested in investing offshore as well.

Offshore Corporations

As mentioned in "Anonymous", reducing your visibility is a vital part of anonymous asset protection. A highly recommended way to do this is to put your assets under an offshore corporation. Unlike a common law trust, the corporation is an autonomous legal entity where shareholders are not named.

An offshore, bearer-share corporation is owned by the possessor of the physical certificates of stock with no owner on record anywhere. The corporation can own bank accounts, stocks and investments, and other valuable assets - all without revealing the actual natural persons who own the corporation.