What Are the Main Advantages of an IBC?
There are many advantages to moving assets offshore, some of these are: • Asset Protection – To secure against future claims such as judgment, divorce proceedings, bankruptcy, creditors and litigation. • Estate Planning – Family and Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favourable tax basis (without inheritance, income, or capital gains taxes); • Confidentiality – From claimants, ex-spouse, competitors, and other parties from whom you wish to keep your business interests private; and • Reduction of Tax Liability – Through International Tax Planning – a foreign jurisdiction can offer unparalleled opportunities for reducing your tax liability.
