Having seen the benefits that going offshore has to offer; many want to know how the process actually works. How does a person “go offshore”? Having guided numerous clients from all over the world through the process, EDG makes going offshore easy to understand. The process of going offshore is described in detail below for those who want to thoroughly understand it. However, clients don’t have to become offshore experts to take advantage of offshore tools. EDG takes care of all of the steps below and does all of the necessary back end work so that clients can go offshore without leaving their desks.

Introduction: To “go offshore” simply means to place assets outside of one’s home country. This is accomplished through taking several steps. These steps are the same regardless of the reason for going offshore. For maximum privacy and protection the steps should involve multiple offshore jurisdictions. Visit Rock Solid Security for an explanation of our unique, multi-jurisdictional approach and how it protects assets FAR better than using a single offshore country.

Step 1. International Business Corporation (IBC). The first step in forming an offshore structure is to form a corporation (IBC) in an offshore country. Don’t be confused by the word “corporation”. There is no requirement to start an actual, running business or to travel to where the IBC is formed. An IBC is established so that the client has a legal entity that can own assets such as property, investments and bank accounts in its name rather than the client’s personal name. Moving assets into the IBC will keep them out of the reach of third parties and in their rightful hands: yours. Learn more.
Step 2. Offshore Trust: Once the IBC is in place, an additional layer of protection is added. An offshore trust is created which becomes the owner of the IBC. This further removes any connection between the client’s personal name and his or her assets. Learn more.
Step 3. Offshore Accounts. After the IBC and offshore trust have been formed, the founder may then move assets under the protective umbrella of these offshore entities. This is accomplished via offshore bank and/or brokerage accounts. Learn more.
Step 4. Offshore address. The last step in going offshore is to establish an offshore mail forwarding address. An offshore address will insure that the wrong eyes never view sensitive information. Learn more.
Step 5. Security. Assets are now secure. You can breathe easier knowing that your assets are private, safe, secure, out of harm’s way and will remain in their rightful hands: yours.