What are the main reasons for having my wealth placed offshore?
They are: 1.Asset Protection- To secure against future claims such as bankruptcy, judgment creditors and other litigants, etc. 2.Estate Planning- Family and Protective Trusts (possibly as an alternative to a Will) for accumulation of investment income and long-term benefits for beneficiaries on a favourable tax basis. 3.Confidentiality- From competitors, adverse claimants and other parties from whom you wish to keep your business or personal interests private. 4.International Tax Planning- Advantageous use of foreign jurisdictions and their tax rules for reduction of tax liability.
