Precious Metals Offshore

Are you interested in buying and storing precious metals securely offshore? Or do you have existing metals that you would like to secure offshore? We have the answer. HFS has partnered with two offshore precious metals companies that make it possible to buy, sell, store and transfer precious metals privately and securely.

See all the details on our website at Gold and Silver Offshore 

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Move Your IRA or 401K Offshore!

Did you know that your IRA and 401K account can be moved offshore? Did you know that by moving your IRA offshore you can buy and sell U.S. & international stocks, futures, forex, ETF’s, mutual funds, precious metals and real estate? If you’re like most people you didn’t know this was possible. The good news is, moving your retirement account offshore is not only possible, it’s also easier than you think. And the best part: transferring part or all of a US retirement account offshore does NOT create any tax consequences.

Here’s how it works:

Harbor Financial Services Offshore 401k
Harbor Financial Services Offshore 401k

1. A Self Directed IRA account is established.

2. The client (you) directs the IRA to form an offshore company (LLC or corporation).

3. The offshore company opens an offshore brokerage account. The client has sole signatory control over the account.

4. The client moves funds from his/her existing retirement account in the U.S. to the offshore brokerage account.

5 The client may now buy and sell whatever investments that he/she wants to through the offshore brokerage account, with all of the tax benefits of an IRA/401k account.

We can take care of the whole process for you. If you’re interested in moving your retirement account offshore please call us to learn more.

Harbor Financial Services

Toll-Free: 1-800-589-0947

Phone: 972-447-8272

http://hfsoffshore.com/move-your-ira-offshore.aspx

 

Offshore Credit Cards Increase Privacy

Offshore credit cards are cards issued by an offshore bank in a jurisdiction that is different from the cardholder’s home institution. “Unsecured’” offshore credit cards with credit lines are very difficult for the average person to obtain because banks refuse to issue them. Most banks require possession of reliable credit histories and clients must demonstrate their ability to repay the loan. In case the customer is offshore the risk of extending credit is high and therefore the banks issue credit cards to those customers who have a long-standing relationship with the offshore bank.

One of a client’s main concerns is having access to funds. The most practical and hassle free approach is through securing credit cards. With an offshore card, we can withdraw cash or pay merchants at numerous locales all over the world. The special feature of an offshore credit card is that an offshore bank in a corporate name issues the card, avoiding any possible link to our onshore financial identity.

Secured Cards

Since most banks will not offer credit lines without some kind of insurance, they offer “secured” offshore credit cards as an alternative. Secured offshore credit cards involve depositing a certain amount (usually 125% to 150% of the credit line) to cover what you borrow. For a credit line of 20,000 U.S. dollars, a deposit of $25,000 to $30,000 U.S. dollars may be required. This aside, the card operates to all intents and purposes like a normal credit card. Most offshore credit cards carry a Visa or MasterCard logo.

Debit Cards

Another type of card often marketed as a credit card is an offshore debit card. Offshore debit cards are linked to an offshore bank account. They are not credit cards. The only money that may be spent is the amount stored in the offshore bank account itself. An offshore Visa debit or MasterCard is accepted worldwide just like a standard credit card.

Offshore Visa or Offshore MasterCard

Most offshore investors will not want to carry suitcases full of cash overseas, so a card that is part of a recognized network like an offshore Visa or offshore MasterCard is often the best option.

Advantages of Offshore Credit Cards:

There are some advantages to having an offshore credit card. They are as follows:

Offshore credit card processing offers a dependable and cost-effective solution for online payments to businesses.

Business owners can accept credit card payments in multiple currencies.

Offshore credit card processing services also enables the merchants to accept various types of credit cards.

The major advantage of securing an offshore credit card is that cardholders get the benefit of zero taxation and protection against currency fluctuations.

Offshore credit card processing has become one of the best practices of online credit card processing services. Through secured servers, customers can easily make purchases online now.

These advantages make securing an offshore credit card a viable option.

 

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Offshore Shelf Company

When we decide to form a company offshore we have the following three options from which to choose:

Brand New Offshore Company

This option is preferable when we need a company with a specific name. For example, a brand new company usually takes 2-3 weeks to complete the processing and to start the actual work.

Offshore Shelf Company

A fully-equipped organization is called a shelf company. When meeting deadlines are the most important part of the business, this is the best option.

Old Offshore Company

This type of company may be essential when a business needs to furnish a formal history going back for marketing purposes or due to some legal requirements.

Features

These are some of the features of an offshore shelf company:

An offshore shelf company is an offshore company (IBC) that has already been in existence for weeks, months, or years.

Most shelf companies are literally sitting on a shelf waiting to be purchased. Thus, they are aptly named “Shelf Company.”

A shelf company affords the same privacy and asset protection advantages that a newly formed company provides.

A small percentage of individuals and corporations that go offshore want to demonstrate that their offshore company has been in existence for several months or years. A shelf company is the perfect solution for this situation. After the shelf company is purchased, the bank and brokerage accounts are set up in the name of the shelf company, further allowing the new owner to do banking, investing, and business transacting in the name of the shelf company.

Shelf companies are more expensive than newly formed IBC’s. In some cases, a shelf company’s price may be several times the price of a newly formed IBC. This is due in part to the fact that each year that an IBC is in existence, a corporation must pay an annual or renewal fee.

The price of a shelf company increases each year by at least the price of the renewal fee. For example, if a shelf company is three years old, the purchase price not only includes the price of a newly formed IBC, but also includes three years of annual fees.

These are some of the features of a shelf company.

 

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Why is Offshore Asset Protection Essential?

With an increase in litigation in the U.S., most small business owners and professionals are seeking ways to protect their assets. These assets include savings and investment accounts and other wealth protection products.

Offshore asset protection is one of the more complex methods for safeguarding your assets. Asset protection packages exist in many different forms. Each serves a particular purpose for a specific reason. For example, it might be necessary for you to protect your assets from the government in order to prevent excessive taxes. You may also want to protect your assets from potential liability from lawsuits. There are many types of protection options you can use when necessary; each method you find necessary to use depends on why you need it in the first place and how much you need. This helps you to assess your risk level.

Some basic types of asset protection include investing in retirement accounts, family limited partnerships, and limited liability companies. The family limited partnerships and limited liability companies work specifically for setting up your business. They also protect your individual assets from any business problems.

A major goal of asset protection planning is to substantially diminish and reduce your financial profile. If you can restructure your assets in such a way so as to place them beyond the reach of future potential creditors, while at the same time maintain a beneficial interest in those assets, you have succeeded in substantially reducing your financial profile. Asset protection ensures that you are far less an attractive target for litigation.

A trust can be an effective tool for developing an asset protection plan. Customers and professionals have used trusts for centuries as a means of conserving and protecting property for trust beneficiaries. However, most domestic trusts do not provide protection from creditors. For example, the typical revocable living trust makes the trustor a lifetime beneficiary. The trustor retains the power to revoke, amend, and invade the principal of the trust. This type of trust provides no protection against the creditors of the trustors. Thus, the offshore asset protection trust is one of the best asset protection tools to date.

It is not always easy to determine the type and level of asset protection that we need. Consulting a qualified and experienced advisor is most conducive when we are not sure of the type of protection required for our situation.

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Offshore Company Incorporation

An international business corporation (IBC) is an offshore company formed under the laws of a particular jurisdiction as a tax-free company. The governing laws of a country do no permit an IBC to engage in business transactions within its jurisdiction. There are very few countries that allow formation of an IBC. These countries include Antigua, Anguilla, the British Virgin Islands, the Bahamas, Belize, Gibraltar, Nevis, and Seychelles.

Features of an IBC

The following represent some features of an IBC.

A client may initiate an IBC to hold and separate dangerous assets located overseas. These are for clients who do not directly own assets in an APT or offshore trust.

Typically, it is more convenient to open a bank or brokerage account in the name of the corporation than in the name of a trust. Since corporations are recognized and permitted by law in every country, there is a standard set of rules which govern the operation and management of a corporation. All offshore banks implement procedures for setting up an account.

An IBC can be formed with shares issued to or held by the APT. Most of the tax haven jurisdictions have enacted legislation enabling the formation of IBCs.

It is not essential for a customer to conduct banking business in the country where he forms the IBC. Thus, the prime benefit of forming an IBC is its portability. An IBC formed in the Bahamas can open a bank account in Switzerland or any other country to include the United States. The bank will ask to see the articles of incorporation. The bank will also require the company to furnish the corporate resolution drafted by the directors. The corporate resolution must outline and authorize the opening of the account and the appointing of the person to act as a signatory for the corporation on the account. With that information and proper identification, an IBC account can be opened anywhere in the world.

The Cayman Islands, the Bahamas, and the British Virgin Islands are not tax jurisdictions which allow complete secrecy of ownership for corporations. To set up a company in these jurisdictions, one of the many local law firms or trust companies are contacted. They file the required corporate registrations to form the company. The local law firm can also serve as the sole member of the board of directors. If anonymity is preferred, the shares can be issued in bearer form. That means that no name is registered on the share certificate. Instead, whoever holds the certificate becomes the owner of the company.

In order to avoid the possible difficulties that typically arise from lost or stolen shares, the certificates are registered in the name of the law firm or trust company. The firm then holds the shares under an agreement to serve as nominee for the true owner. Any necessary corporate documents or even bank accounts are signed by the nominee as instructed by the beneficial owner.

If the APT is to hold the shares, it can maintain the bearer shares or the shares can be registered in the name of the trust.

Thus, for individuals with funds and business interests offshore, the IBC is the most viable option.

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.