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Asset Protection
Trusts, and Lawsuit Prevention
CAPITAL ASSET,
INC.
since 1990
and Global
Asset Advisors, Inc
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Total Asset Protection -
Legally, Quickly, Conveniently, Inexpensively and Anonymously
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We form and service foreign IBCs and U.S.
Grantor offshore trusts for your easy, fast asset protection.
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Full-Service
International Business Corporations or LLCs
Nevis,
Belize, BVI, Cook Islands, Western Samoa
**We do not open
offshore accounts for individuals or corporations
**We do not take tax
evaders as clients**
Full ID required of
you to form offshore LLC or IBC
We do not 'hide' you
or your money offshore
IBCs and foreign LLCs are NOT for U.S.
tax evasion. You must report all offshore income if you are the
signer or beneficial owner of an offshore account. even if a
corporate account
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For IBCs, we
recommend Belize or Western Samoa.
For LLCs, we
recommend Nevis.
Belize
Western
Samoa
Nevis
Belize is located on
the Caribbean seaboard of Central America. It has a
stable, democratic government and has been forming IBCs since 1990.
The International
Financial Services Industry including banks in
Belize is well regulated and has specific
legislation for the prevention of money laundering
and fraud. Belize is not on any OECD/FATP black
list.
No service provider of
Belize IBCs and Belize bank accounts can operate
without a rigid vetting and investigation procedure
thus ensuring control, approval and due diligence
for the client.
The laws of Belize
ensure the freedom, confidentiality and privacy of
the individual. Belize is the only country that has
no statute on fraudulent conveyance and does not
honor any other country's statute on fraudulent
conveyance.
No information about
identity of directors and or shareholders need be
filed on public record. An IBC's Register of
Shareholders is available for inspection only by
shareholders or by order of the Belize Courts at the
request of any shareholder
Belize IBCs are not
subject to any tax treaties with any country,
including the U.S.
No public filing
requirements except Memorandum and Articles of
Association. No need for annual returns or audited
accounts.
Bearer shares may be issued.
No income tax in
Belize. No capital gains or transaction tax. An IBC
can conduct its business in any foreign currency it
chooses, free of any Belizean government regulation
or restriction.
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Western Samoa
has excellent legislation regarding offshore
companies, tax liabilities and asset
protection. Western Samoa is not party to
any mutual assistance, gateway, or
information exchange agreements unlike some
of the British Dependent Territories. While
taking a hard line on money laundering and
fraud, Samoa has legislated to protect the
confidentiality of its International
Companies. In addition to common law
protection, it is a legislated criminal
offence to divulge any information regarding
the shareholders, officers or operations of
a Samoan International Company.
The
International Companies Act expressly denies
any right to disclose information that
"will, or is likely to, result in the
payment of any tax, other penalty or any
fine by the company" (section 227 (4) (c) of
the Act). Western Samoan legislation also
gives far reaching powers to an
International Company. Of particular
interest to prospective clients is Article
4, Schedule 1 of the International Companies
Act, 1987 (Section 20). It states that under
The Powers of an International Company "it
may acquire, hold, dispose of or deal with
the whole or any part of the undertaking of
any other company, association or business".
A court
order is only possible in cases of improper
conduct of directors during winding up,
fraud or dishonesty, or money laundering.
Also, in Western Samoa the definition of
"debt" specifically excludes any "taxation,
fines or penalties imposed by any
government". A foreign taxation authority is
therefore unable to petition the court for
the winding up of an International Company
in Western Samoa for the recovery of tax
related debts, because the court cannot
recognize any taxation payable as debt.
In addition,
in Western Samoa, the statutory limitation
for a creditor to petition the court for the
reinstatement of a corporation previously
struck off is only two years (Section 197
(6) of the Act). The comparable limitation
period in some other countries is ten years,
giving rise to a period of contingent
liability five times greater than that of
Western Samoa.
Nevis LLCs
combine the lawsuit protection of a
corporation with the creditor asset
protection of a limited partnership. Owners
of Nevis LLCs are shielded from any legal
liability even if they manage the LLC. A
Nevis LLC has no shares to be seized by any
court of law. Owners and members are not
listed anywhere, giving complete privacy.
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Why International Trust is Often Better
Protection
Than IBC |
Uses of an IBC • Need an IBC?
Why Go Offshore?
For persons unfamiliar/inexperienced with offshore accounts:
Going offshore entails complex tax reporting requirements. We will
advise you in general but we are not a CPA firm. We can recommend
you to a good CPA if desired.
TRADERS ALERT: If you like to own and trade U.S. stocks, bonds, options, currencies and mutual funds, and buy these through an IBC rather than through an account held in your own name, they usually are not liable to U.S. capital gains taxes. For Treasury bonds, bank CDs, futures and commodities, no U.S. withholding taxes are payable on such incomes as long as the IBC does not open an office or
carry on other business in the United States.
Some Offshore IBCs legally have no income tax returns to file with the United States IRS or with any other country's tax department.
However if you are the beneficiary of the account, you must report
income.
We guarantee your offshore entity is completely bulletproof from lawsuits, seizure, audits. We provide free unlimited consultation, with court and battle-tested, proven strategies.
Call 1-888-521-6577 toll free or Email
Advantages of Offshore Trusts - click
here
Advantages of a Offshore International Business Corporations (IBCs):
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Bank secrecy laws prohibit disclosure of information about a client's affairs to a third party without a customer's written permission.
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Secret shares permitted.
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IBCs are honored, recognized and respected world-wide. You can take an IBC anywhere in the world,
do business, invest, or open an account.
- U.S. courts and their judgments have NO jurisdiction offshore. You still
must report offshore income.
- You do NOT have to be a U.S. citizen or resident.
- Excellent computer and phone communications, stable government, English-speaking, pro-business.
Go Offshore •
Free Reports •
Price List •
2009 Tax Info
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Global Asset Advisors,Inc.
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International Asset
Protection Trust
Click here
to see why a international asset protection trust is the only truly bulletproof
option, especially if you are currently being pursued by creditors or
already being sued.
Collapsing Bridge Technique
Using an international asset protection trust as part of a Nevada
Family
Limited Partnership enables you to control your assets at all
times, transferring to the foreign trustee only during times of
lawsuit or creditor attack.
This combination is
useful to everyone and essential for estates of $1 million or more. We
can discuss the details with you in private consultation.
Just like a revocable
living trust, the offshore asset protection trust (also known as a
U.S. Grantor trust) allows you to
avoid probate and distribute your assets to your heirs. Since it is
governed by an offshore jurisdiction, the trust is not subject to
U.S. claims or orders from U.S. courts.
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1. CAN THE FOREIGN TRUSTEE RUN
OFF WITH MY ASSETS?
First of all,
control is rarely passed to the foreign trustee except
during crisis periods when you are under active attack with
a major lawsuit. Otherwise the client retains control of the
local (U.S. based entities) that hold the assets. We use
professional trustees in Belize and the Cook Islands who do nothing but this and have done
it for years. You have the option of using a private trust
company, which is a company owned and controlled by the Settlor. A private trust company should not be used during a
crisis period but can be used at all other times. The client
has full control over this private trust company as the
Trust Protector and has no
need to worry about assets disappearing.
Also, in the
Integrated Lawsuit Prevention Trust the settlor can be the
protector and as such has the power to remove and replace
trustees, double-sign checks, veto investment decisions and
veto distribution decisions.
2. MY NET WORTH IS NOT IN THE MILLIONS, HOW COULD THIS HELP
ME?
Many clients think that asset protection is only for the super wealthy. Nothing could be further from
the truth. If you have $400,000 and that is all you have and
you spent your life, to this point, acquiring it then you
want to protect it. Why lose it all in one spin of the legal
crap game we call justice? Our goal is to provide affordable
asset protection. That is the foundation of why this
business was started. We are not here just to provide
protection for the high net worth individual.
3. DO I HAVE TO MOVE ALL OF MY ASSETS OUT OF THE COUNTRY?
No, you do not. Ideally if all of your assets were out of
the country and controlled by the Integrated Lawsuit Prevention
Trust that would be the perfect scenario. But, it is not
necessary at all. When a crisis comes the control can pass
to the foreign trustee. However, in many cases assets such
as real estate continue to be held by your asset protected entities here
in the U.S.
4. HOW DO I KNOW I CAN TRUST THE FOREIGN GOVERNMENT?
There are close to 25 foreign jurisdictions that have
various forms of asset protection law. Should a jurisdiction
change their law in a manner that is unfavorable to asset
protection, the entity can easily be moved elsewhere. To
date this has not happened. In fact it is just the opposite,
with the jurisdictions strengthening their laws and not
weakening them.
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We do all this complicated planning and set up for you, all
customized to YOUR needs.Read what our existing clients have to say
Beware the following international financial scams: Nigeria, offshore investment or currency clubs, Netherlands lotto, and family overseas inheritance! If you want an IBC because you think you're getting millions from one of these, click here
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Offshore Accounts - International Business Corporations - Offshore Banking
- Asset Protection - Asset Protection Strategies
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