There’s a common misconception when people hear the word “offshore”. More often than not, when you hear about anything done offshore, it’s connected to an illegal act to launder money. But that is certainly not the case majority of the time.
Offshore banking and investing is done to preserve existing assets and reduce any risks or liabilities from being levied upon them. Offshore banking is readily available in Belize, and there are experienced offshore services providers ready to provide you with a wide range of offshore investment services to protect your assets. Here are 3 ways Belize offshore investing can help you.
1. Broaden your investing opportunities
Offshore investments provide many more investment opportunities that you would have by keeping your assets only in your country of residence. Offshore investments provide less risks and a healthy return.
2. Tax Relief
The most common benefit of offshore investing in Belize has to be tax relief privileges that investors enjoy here. Belize has developed legislation on the formation of international business companies (IBC), private foundations and offshore trusts that allow for significant tax exemptions resulting in savings for you.
3. Avoid Forced Heirship
Forced heirship exists in many countries and occurs when a person’s will is altered after death. In a forced heirship there is one portion called the “indefeasible portion” where the forced estate is pass along to the deceased’s next of kin; then the second portion, known as “free estate” will be freely disposed of by the will. Forced heirship is a feature of civil law legal systems that do not recognize the total freedom of testation.
If you live in a jurisdiction that encourages forced heirship, you can avoid having your assets distributed in a manner contrary to what is stated in your will by forming an offshore trust in Belize. Because the offshore trust would be formed in Belize, your country of residence would have no jurisdiction to state how your assets are distributed after death.
If you’re ready to get started with offshore investing, contact International Corporate Services Limited (ICS). They have years of experience in the formation of international business companies in Belize as well as Anguilla, Nevis, Seychelles, Dominica, Panama, BVI and Nevis.
