When it comes to offshore banking and offshore business corporation, one of the things that you can do to enhance your tax advantages is to make use of an offshore trust.
A trust is an entity that controls finances and makes decisions. There are many different laws associated with offshore trust services, depending on the country that you set your trust up in. One of the great places to set up an offshore trust is Belize.
Offshore trust account in Belize
Belize is becoming a popular place to open a reliable anonymous offshore bank account and set up offshore business incorporation.
Belize also offers offshore trust accounts that can help you protect your assets in the event of a lawsuit, provide you with privacy and also allow you some legal tax advantages and protections. You do need to provide documentaion about your residency and contact information, but with a Belize offshore trust you do not have to reside in Belize. Here are some of the rights that an offshore trust in Belize has:
– Conduct business operations, including acting as a director for an offshore company.
– Hold titles and invest in real estate and other property.
– Invest in other instruments, such as bonds and stocks.
– Avoid foreign currency exchange controls when disbursing funds for you or your family.
One of the best ways to set up an offshore trust in Belize is to work with a professional agent who can help you with the paperwork and understanding the legal aspects of the trust.