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godirect

FYI:

I recommend that you set up a Discretionary Trust after registering your DXGlobal Company as it separates you directly from the ownership of the companies' assets for taxation purposes as well as any other interested persons such as separated partners, or persons making claims for money.

In the event that pressure is being applied by an offshore government to seek details of the registered owners of a company in Vanuatu for taxation purposes, the DXGlobal company or any other company for that matter could simply close and unregister the company. A new company is opened and becomes the new nominated trustee for the trust. This method works as it takes considerable time for an investigating body to try and link the new company to the trust.

Another advantage the trust offers is that you could also buy property and shares or other investment vehicles in the name of the trust rather than in your own name and minimise taxation legally.

Another possible use could be to sell/transfer assets to the offshore trust so that they are no longer in your name and be eligible to claim social security benefits or the pension in your country of residence.

For elderly or disabled people transferring assets into a trust may be useful to avoid higher accommodation costs and caring fees because of assets held in their name.

I am not sure on what problems may exist in Vanuatu trying to borrow money or using equity in your DXGobal company/trust to buy property in other countries for example.

Hope this is helpful.
Karl.

blackewe

This may be a stupid question, but how do you go about transferring assets into your trust without sending up a ton of red flags? How do you actually move your money/assets offshore without leaving a trail? Do you need to involve a 3rd party or can you do this yourself?
I've tried to find this info online, but they all seem to involve companies that will handle the whole process for you including the setting up of the trust, and they don't reveal their methods.
I guess I am looking for a step by step how to.
Thanks

oneplanet

Hi blackewe,

I can tell you from experience that the DIY method does not work.

Tax laws are changing all the time and if you do it wrong,
you not only loose everything, you could end up in jail.

So the answer to how do you go about transferring assets into your
trust without sending up a ton of red flags, is get the professionals to do it.


If you are doing this legally, you need a trail to show it is legal.
If you are trying to do something illegal, it's too late, there is already a trail.

Look for companies that have been around ten years of more,
companies like http://www.ocra.com/.

If you wait and have some patience, I can guarantee that there will
be news about help in this area
The legal way ... naturally.

Eoin

blackewe

Thanks Oneplanet
I didn't mean for it to sound that I wanted to do something illegal.... I just want the least amount of hassle possible. I'm a bit uncomfortable with the idea of handing over control of my assets although I can see the benefits it would provide. (I guess I'm just a control freak) I would just feel better if I could handle it all myself or at least understood the procedure. I'm not a big fan of "mysteries".
Thanks for the site referral, I'll check it out. Hopefully there will be a lot of input in this thread.

godirect

I recommend the following site for books on tax minimization, trusts, offshore banking and wealth creation. I have read a number of Lance Spicer's books and recommend buying the package deals rather than buying a few books at a time. The information contained in these books will pay for the cost of the books many times over.


tridentpress.com.au/index.htm

Cheers,
Karl.