How to Protect Your Assets and Still Comply With U.S. Laws

Caye International Bank
International Investing Most people have the goal of securing their assets, protecting their holdings and ensuring financial security for their loved ones. Often, the best way to do all three is to explore offshore and international asset structures and investments. 

However, many individuals hold back on exploring offshore opportunities because they don’t want to break any U.S. laws. Fortunately, it is entirely possibly to protect assets abroad and still 100 percent comply with all pertinent U.S. laws.

Maintaining Bank Balances in Offshore Banks

One of the simplest ways to protect assets abroad and still comply with all relevant United States legal codes is by maintaining bank balances in offshore banks. Whether you have a checking account or a savings account in an offshore bank, these assets are completely legal.

 

This is a smart way to keep certain assets liquid, meaning that they are readily available for your use in the future. Plus, maintaining bank balances in various countries, and particularly in varying currency types, can be a savvy way to diversify your holdings and reduce your financial vulnerability without breaking any laws.

Establishing a Corporation Overseas

Many overseas corporations can operate internationally and not be subject to United States tax laws. While this isn’t true across the board, it is true in many cases. This means that even as a U.S. citizen, you can establish an overseas business that operates in a tax-friendly jurisdiction. Your profits, then, may not be subject to American taxation.

 

Aside from the significant tax benefits that this arrangement can offer, there are many other advantages to establishing a corporate overseas. Operations in international destinations may be cheaper, saving your business money right away. In addition, offshore corporations may be easier to manage because you can keep things like board meetings and even annual reports private.

Creating an Offshore Trust

Another way to protect your assets securely abroad and still comply completely with all U.S. finance and tax laws is by creating an offshore trust. A trust works when you place some assets within the investment vehicle and stipulate how they can be used and by whom. For instance, you might choose to set up a trust that gives your children a set amount of money when they turn 18, or will pay for their college education in the future.

 

Trusts can also set aside assets for spouses or even for charitable organizations. When the funds are within the trust, they can’t be taxed, helping to protect your wealth while accomplishing some of your financial goals for the future.

Buying International Real Estate

Often, individual investors want to keep their money overseas rather than keeping it stored up within domestic banks. If you also want to turn a profit from a rental property, or even spend some time vacationing with family, then international real estate might be a fantastic opportunity.

 

By purchasing property in Belize, for instance, you may be able to reduce your tax liability in a completely legal way while still benefiting from offshore financial opportunities and profit potential.

Protecting your assets internationally does not mean breaking U.S. laws. These tips, and the help of Caye International Bank, can ensure that you maximize protection and simultaneously comply with U.S. laws.

 

This article is copyright © 2019 

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Caye Bank

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.

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