Offshore asset protection generally utilizes an Offshore trust, Offshore banking, Offshore companies, Foundation or a combination of these when preparing a plan for offshore asset protection. 

Our DIY Asset Protection Planning System is a Do It Yourself Solution for most small business and investors and is a very good place to start when framing your asset protection plan. 

When the OECD made the announcement in 2000 that it would seek to penalise those offshore jurisdictions that didn't enter into treaty arrangements with the international community in pursuit of tax cheats, especially the United States, many investors brought their offshore assets back to the U.S.

This announcement had the impact that it intended to make. That is, to get as much U.S offshore liquidity back onshore as quick as possible in order to prop up a disastrous looming budget deficit and cash strapped government.

Since then, the offshore protection of assets through various offshore structures has dropped considerably.

However, if reporting to the IRS is transparent with the various forms being completed and submitted as required, there is no reason the law cannot be complied with.

This will of course leave a paper trail for domestic creditors to follow, however dealing with an offshore trustee is not as simple as an onshore one.

It is important to note that all U.S citizens must report their worldwide income and offshore bank account to the IRS.

Asset protection may also be achieved by taking advantage of the many double tax agreements, offshore, that the United States has with other countries.

Click Here to see a typical offshore asset protection Diagram.

Offshore Banking   Offshore Bank Account   Offshore Trust   IBC   Taxes
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