Special Report on
Offshore Trust companies
Offshore Trust companies - Trends
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as vehicles for hiding wealth and income from tax collectors and, in the case of South Africans, keeping it beyond the reach of the exchange control authorities. Typically, an offshore trust is established in a sound foreign "tax haven". Preferably this is done through a token founding donation by a friend or relative not living in South Africa. The trust is then used to hold offshore assets. Sometimes trusts hold the shares of and control international companies - themselves also usually registered in a tax haven - that accumulate assets over time (usually with some assistance from connected South African businesses).
Restructuring your finances offshore is an important step towards personal liberty and financial privacy. However, it is of utmost importance that you do your due diligence prior to sending your hard earned money offshore. Unfortunately, the offshore legal and financial world is full of shady banks, trust companies, law firms, and a wide host of unscrupulous financial consultants that are foaming at the mouth to scam you from your life savings. By following our 7 cardinal rules of offshore, you should be able to stay out of trouble. Seven Cardinal Rules of Offshore Rule # 1: Don't put ... Read More
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