A company filed in an offshore jurisdiction can help you maximize your privacy when opening an offshore bank account. First, your offshore corporation will be established in a private offshore safe haven such as the ultra-private Caribbean island of Nevis. A Nevis LLC, for example, offers a respectable combination of asset protection and ownership privacy and, incidentally, can be formed in 24 hours. Then, you apply for a bank account offshore in the name of your new company.
To help you keep as low a profile as possible with your company it is in your best interest to add some services to your offshore entity that can enhance your secrecy.
Another way to keep your ownership private is to have a virtual office program in the offshore jurisdiction. The office program will give you a telephone number that is answered for you. You will have a fax number. And your mail will be forwarded to you from your offshore office. The address and telephone numbers can be placed on your website. When someone calls, the shared receptionist will answer on behalf of your offshore company, saying, for example, “Corporate offices, how may I help you?” The message is then sent to you by email or other method if you prefer. Rather than paying rent and hiring a receptionist the office program services start at just $995 for an entire year.
The office program is a real and legitimate operating place of business for your offshore structure. Keep in mind that the all the shareholders and officers of McDonald’s aren’t hanging out at all of the restaurants all day. This is not legally required nor is it realistic. Rather, there are employees and franchisees operating the day to day activities. This is the same with your offshore office. You have contracted employees working in your offshore corporate office for you.
By adding the two above services to your foreign entity you can substantially increase your privacy and give yourself an extra layer of protection to help ward off a financial attack.
Last Updated on June 20, 2019
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I learned a lot about how exposed I was to lawsuits and judgements, I protected my wealth with several instruments.
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