Posted in Uncategorized by Admin on April 25th, 2008
Delaware is the second smallest state of the United States of America (USA), located on the Eastern Seaboard of America and bordered by Pennsylvania and Maryland.
Delaware is rated overall #1 in the past five years by the US Chamber of Commerce for its litigation system. The internal operations of Delaware Corporations and LLCs are governed by Delaware laws, vested in the Delaware Court of Chancery. The Court of Chancery has over 200 years of legal precedent in corporation and business entity law.
For over a century, Delaware has been the home for America’s premier corporations. Over 60% of the Fortune 500 companies and over half of the US public listed companies are incorporated in Delaware.
Recent amendments to the Delaware LLC Act has made Delaware arguably the most advanced and flexible in all the states of America and the ideal jurisdiction for LLCs.
With optimal banking confidentiality, Delaware companies and trusts can be formed discreetly and there is no requirement to file any record of ownership with the Government.
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Posted in Offshore Incorporation by Admin on August 13th, 2007
Establishing an offshore company is a very simple affair and can take as little as 24 hours to create a basic structure. Reasons for establishing an offshore company include everything from taxation minimization to asset protection. After analyzing your current situation and you discover there are definite benefits to setting up an offshore company, the next step is to take the plunge and create one.
As you begin the process of setting up your offshore company, you need to be in total understanding of what you need and are sure the offshore company can give you the rewards you desire. The internet provides a wealth of information on establishing an offshore company be it for tax minimization, asset protection, or any other functions. It is a resource you should consider reviewing so you have a better understanding of the how it works and if it is necessary to protect your assets and aid you in achieving your company goals.
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Posted in Banking Secrecy, Offshore Business by Admin on August 8th, 2007
by Ronald Edwards
Think Again! Read below for a comparison.
This is a jurisdiction that may have a few small features regarding taxation but when it comes to privacy it is most deficient.
One disadvantage of Hong Kong companies is that annual financial statements must be prepared, audited and presented to the Government to prove that the company did no business in Hong Kong and therefore owes no taxes. Such statements must be presented within 18 months of the date of incorporation. This is our opinion is grounds for finding a friendlier jurisdiction. Read the rest of this entry »
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Posted in Banking Secrecy by Admin on August 8th, 2007
by T. O’ Donnell
You might want an offshore bank account in order to:
- Expand your business;
- Minimise your taxation;
- Simplify business administration;
- Asset protection;
- Estate planning;
- Financial anonymity;
- Tax-free investing.
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Posted in Banking Secrecy by Admin on August 8th, 2007
by Smythe Bradley
The Cook Islands is another example of a has been jurisdiction that over time has compromised their secrecy and privacy laws to make the jurisdiction no longer a valid offshore jurisdiction. Read the rest of this entry »
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Posted in Anti Money Laundering by Admin on August 8th, 2007
by Neil Lemons
“Money laundering” as it is commonly called, involves the transfer of monies that are a product of criminal activity - whether that activity is drug trafficking related or white collar crime related. Although there is a fairly broad definition of money laundering, the federal money laundering laws were enacted to attempt to take the profit out of criminal activity. Read the rest of this entry »
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