Can an offshore IBC be used for asset protection?
If you transfer the ownership of assets from ‘an individual’ (e.g., you) to ‘a legal entity’ (e.g., your offshore IBC) and you are no longer the owner of the assets, they are protected from anyone pursuing you personally and it becomes hugely difficult for anyone to be successful in suing you for your assets – however, as you ‘own’ the IBC and are still in control of the company so you are still in control of your assets!
