Asset Protection for Internet Marketing - Why Go Offshore?

[guest]

Thanks to the World Wide Web and globalization of financial markets, there are plenty of companies that can help just about anyone ?go offshore?. The next step is just a brief introduction to some of the most common tools of an asset protection and how they can be used by online business people and web [...]


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[golive]

First thing always mentioned when speaking about offshore asset protection is an offshore trust, or so-called Asset Trust. An Asset Trust is simply a contract between the Grantor, the one who intends to protect his assets and the person who will manage the assets, so-called 'the trustee', for the benefit of all Beneficiaries which may include the grantor, his spouse, children and grandchildren. So, simply speaking, a trust is a legally binding agreement between two parties – the grantor and the trustee. Basically, the Trust requires the transfer of assets from the original owner to a legal entity for the purpose for which the Trust was created.

Is a trust the same as a nominee?

 

[haslan]

I have signed a "trust agreement" while I opened a Cyprus company with them... so it must be the same?

 

[JohnLocke]

Trsut and Nominees are not the same... a Nominee can be a company (corporation) or a natural person, actually there is another thread here on the forum which describe the question very well:


/forum/f2/what-nominee-director-shareholder-14224/

 

[orangeye]

May I ask what a Trust is?

 

[orangeye]

I found out that all Agent's incorporating offshore companies are TRUST's and that it is required to be a trust to offer this service.

 

[JohnLocke]

I found out that all Agent's incorporating offshore companies are TRUST's and that it is required to be a trust to offer this service.

Sorry but that's not true, there may even be intermediate that are not even qualified to incorporate the companies at their own but need a certified and/or licensed company in the offshore jurisdiction in question.