Going offshore is easy to understand and just as easy to do.EDG makes going offshore easy and convenient. EDG does all of the necessary "back end" work so that clients can go offshore without ever leaving their offices.
1. The first step is to form a corporation in a Tax Haven country. A corporation formed in a tax haven is called an International Business Corporation (IBC). An IBC is completely private; the founder may appoint officers and directors for the IBC, but only the founder will know their identities. Shareholders remain confidential through the use of Bearer Shares.
Many individuals and organizations that form an offshore corporation do not wish to be the owner of that corporation. One method that makes this possible is creating an Offshore Trust that takes ownership of the bearer shares of the IBC. The offshore trust becomes the shareholder of the IBC. This places ownership of the IBC in the hands of the foreign trust instead of an individual or organization yet does not alter the functionality or the privacy of the IBC. The client will still maintain complete control of the IBC. The offshore trust may also be used independently to hold assets (e.g. a home or investment account) that are intended to be passed to the next generation.
2. To do business or to invest, an IBC must have a bank and brokerage account. The next step then is to open a brokerage and bank account for the company. These accounts need not be in the IBC's home country. All banking or investing transactions will be kept strictly confidential under the Offshore Secrecy Laws. The founder of the company may sign on the account(s) and will remain in complete control of his/her money. Offshore banks and brokerages issue private Visa/MasterCard debit cards that an account holder may use to withdraw funds from an ATM or to purchase goods and services directly.
The combination of a completely private IBC and bank secrecy laws insures that business or investing is carried out in complete privacy.
3. Once the IBC is formed and can invest or do business using its financial accounts, it will need an offshore Mail Forwarding address. Mail from offshore banks and brokerages is sent to the established offshore address, placed inside a discreet envelope and privately forwarded to the client. Using offshore mail forwarding will avoid any breaches in privacy that might occur as a result of offshore correspondence being sent directly to a domestic residence or business. The IBC may now conduct business or invest across the globe in complete privacy.
