|Wealth Building Information|
7 Wonders of the Offshore World
Many people assume that the offshore world is accessible only to the super rich looking to increase their wealth, or to large multi national corporations looking to escape taxation.
But the truth of the matter is that the offshore world is accessible to everyone!
Placing money or assets offshore is a legal and often worthwhile undertaking and it is something that anyone living in, for example, the UK, Europe, Canada, Australia or America can do easily and with potentially great effect.
Before I continue it is imperative to point out that the suitability of entering the offshore world for saving, banking, asset protection or any other reason can only be determined on a case by case basis. While 'going offshore' might be the most effective way for one person to operate, it might be totally unsuitable for the next person because of their personal circumstances. It is essential that anyone considering going offshore seeks the advice of a professional financial adviser. This article does not constitute advice.
The potential benefits of saving money offshore, investing offshore or placing assets offshore are manifold, here are just 7 ways that you might be able to take advantage of all that's on offer?
1) If you're an expatriate living, working and paying taxes overseas, chances are you can secure your savings in a low to no tax offshore jurisdiction where they will grow tax free. Without the burden of taxation, savings will benefit from compound growth.
2) By placing money or assets offshore an individual can potentially protect their financial assets from domestic personal or business litigation.
3) The offshore world sometimes offers individuals a way to reduce or negate inheritance/death/estate tax that will become liable to be paid on their estate in the future. Certain offshore structures such as trusts can sometimes help in the struggle to legally avoid death duty.
4) Many offshore jurisdictions offer greater levels of personal privacy and also security which means a person's private or business transactions are dealt with confidentially and securely.
5) As offshore jurisdictions are less restricted by reporting requirements etc., people with a high risk tolerance who invest offshore often have access to more exciting and potentially better potential returning investment vehicles.
6) Domestic savings and investment policies are restrictive for some people; by investing offshore these people have access to the global investment market place which opens up many more opportunities to them.
7) Some offshore savings vehicles pay higher levels of interest than an individual could gain domestically.
Because the offshore world is so flexible and open and offers such a wealth of diverse opportunity for saving, investing and protecting isn't it time you seriously examined the options available to you?
Rhiannon Williamson is the publisher of ShelterOffshore.com - the online resource for offshore, expatriate and international investors.
For personalized investment and offshore advice, readers of Shelter Offshore benefit from the site's strategic alliance with deVere and Partners, the world's largest offshore financial advisory. Visit the deVere and Partners offshore advice service page to find out more.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Philadelphia Metropolitan Board of Realist hosts Community Wealth Building Day in Mt. Airy - Montgomery Newspapers
What it Means to be Rich
Many people have a false understanding of what it actually means to be rich. If you were to ask a stranger what makes a person rich, he or she would say "A person is rich if they have a lot of money and can buy whatever they want!".
Build Wealth - Formula To Success
A mole travels one road, according to the way nature intended him; and a squirrel travels another. They cannot follow the same path to get ahead.
Get Rich Doing What Others Dont
"The quickest way to wealthThat I've found to be true;Is to stick out your chestGive your bestAnd do what others don't like to do!" - PrimmIt's been said the difference between the "haves" and the "have-nots" - can be traced back to the people who did ..
An ellipsis to your success is hidden in the word prosperity. Take a letter; make a word; assign a meaning, discover a pathway to your prosperity.
Getting An Offshore Bank Account Via The Internet
There is no need to use the many middleman websites you will find via a search engine. Most of these are *bogus*, even the slick-looking ones.
Residual Income - Part Three Finding Leaders
In my last article on Creating Residual Income I mentioned that employees are a pain.That wasn't completely accurate.
The Hawk and the Mouse - Saving for Retirement
There once was a hawk, ferocious and swift. He was young and agile with many years of life to hunt the open ranch lands.
Virtual Millionaire Strategy Exposed
Let's begin this lesson with a definition of the term "Virtual Millionaire". This is an expression, known to the CPAs, but unknown to the general public.
Wealth Building Tips: Manage Your Money
As someone who loves to shop, enjoys holidays and owns way too many pairs of shoes, managing my finances is definitely something that does not come naturally to me, I have had to learn. Managing your money is so important in becoming more organised, less stressed and more productive in your life - you'll be amazed at what you can achieve with your money when it starts working for you, rather than you always working for it!Seek advice.
High Flying Market Makes Good Buys Hard to Find
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER AND HARDER TO FIND.Market activity is almost beginning to resemble the jumpy behavior typical of internet stocks in late '99, when they were at their most frothy.
How To Grow Your Mental Power and Let Your Brain Make You Rich
No one has complete control over their thoughts. But with practice, with deliberate attention, far more control can be achieved.
The Secret Barrier To Wealth - Underearning
Is the ghost of "Money Past" haunting you? Do you feel like no matter what you do to "get ahead" it never works? The problem may not be what you are doing, it may be what you are thinking. Many of us have deep spiritual and psychological patterns around money that can block our efforts at managing our money better and creating prosperity.
Plan For Wealth
One very important wealth creating habit is to set up a concrete plan that you can actually follow. You see, wealth takes planning, and is usually the result of taking a set of orderly, progressive steps from where you are now to where you want to be financially.
Financial Planning for Beginners
Financial planning at an early age may seem complicated, however it can be easier than you might think. At the age of 25 most of us are just beginning our married life, and there are homes and automobiles to buy and children to plan for.
Financial Freedom, Is It Only A Dream or Just Steps Away?
Almost all of us go to work everyday and do the same routine over and over again. We work so hard until we caught up in the routines for years.
Clearing Blockages to Increase the Flow of Money into Your Life
Money is probably the most challenging thing for many people to manifest. It can also be easiest.
Who Else Is Tired of Life Punching Them in the Face?
Remember the bloodied face of Randall "Tex" Cobb?He was a boxer who fought in a championship bout against then heavyweight champ Larry Holmes in June of 1982. It wasn't pretty.
The One Important Secret of Making More Money Easily
If you're reading this article, it means you are a person who wants to make more money in life.Who doesn't? Money is not everything in life, but it sure helps to decrease problems if it is used correctly.
My Ambitious Niche - A Completely NEW Way To Find Ambitious Wealth
Turn to the year 1999, a couple of friends sitting on a deck drinking beer and having a few laughs. The intelligent looking one (ME) sips a bud as he looks over to where his wife is, over through the window in the kitchen.
Russ Whitney - Building Wealth Through Real Estate
When Building Wealth by Russ Whitney was released a few years ago it sent shockwaves through the real estate industry and uncovered some amazing insights into Real Estate and Russ Whitney. It also opened the door for many people to get involved in the Real Estate Training Investing Training World.
|home | site map|