anguilla | Dyrud Law L.P.

Using Offshore Companies for Trusts

July 24, 2014July 25, 2014adminLeave a comment

There are many reasons why people would consider using an offshore company for trusts. Two of the biggest advantages are reduced tax and increased confidentiality. Offshore companies in general are flexible, so they can be integrated into many different business arrangements.

There could be some taxes of course, but many find that they get a sizable tax break on their trusts when they take advantage of offshore jurisdictions. You will always want to make sure that you’re well educated of the process and decisions, particularly when it involves another country that you may or may not know all the laws of.

When it comes to having a trust, you want to ensure that no matter what it is you are protecting (valuables, assets, shares of a company), you are leaving it with someone you trust, and who knows the business well. The advantages of someone having property or shares of a company outside of their own county are simple: there would be many legal fees and publicity that would be avoided.

If you have property overseas, there are many difficulties and expenses that can be avoided if you were to use an offshore company to hold the title. Not to mention, if the property were to be sold in the future engaging in a company like First Anguilla Trust would make it much easier.

Working with First Anguilla Trust would ensure that you will be able to keep personal property with us, but that you can leave your business assets to us as well.

Trust Protectors: See Your Requests Through

July 21, 2014July 21, 2014adminLeave a comment

Even after you have taken all the correct steps you needed in order to set up your will and trusts, you might still be concerned that your wishes will not be carried out the way you want them to be.

Even if you have someone who you know and trust, there are certain circumstances that could get in the way. You could find that they are not as trustworthy as you thought, they could pass away, or the laws surrounding estates may change. What you need is a third party that could be known as a trust protector.

With the laws constantly changing and evolving, you want to make sure that you are able to pass on your valuables and assets to whomever you choose. Once you have set them up, you can’t change them. However, a trust protector could tweak them for you so that they would keep in accordance with new laws.

Not only this, but if there was a dispute over anything in the trust, then the trust protector could make changes without having to go to court. On your behalf, the trust protector could change your trust to maximize tax benefits along with other important decisions, depending on the changes that need to be made.

Within the trust however, you would need to outline exactly what a trust protector would and would not be allowed to do.

It would be a smart move to appoint a third person party to handle protecting your trusts and making sure that your wishes are granted. Contact First Anguilla Trust today.

Ecommerce for Offshore Businesses

July 15, 2014July 25, 2014adminLeave a comment

There are a multitude of entrepreneurs today seeking business relationships with well-established regulated offshore territories to supply their ecommerce needs. Smart, successful entrepreneurs and CEO’s know that establishing financial partnerships with companies that are carefully chosen, lightly regulated, and reside in low tax offshore districts; puts them ahead of their onshore counterparts when it comes to ecommerce business solutions.

Besides gaining significant tax savings, many offshore companies have chosen to work under favorable regulatory frameworks; knowing that the industry of ecommerce will unfold gradually without placing premature restraints upon its workings. The ecommerce industry will ultimately be molded into the type of industry its clients need most. Placing stringent regulations on a fledgling industry could stifle its growth.

Businesses also benefits from low cost regulatory compliance costs, which are substantially reduced from the cost of doing business onshore. This major advantage frees up resources and gives companies the ability to have personnel that are able to focus on the quality and marketing of its products and services.

Main Points When Considering Offshore Ecommerce Solutions:

–Seek contacts that are able to provide complete offshore ecommerce solutions. Ideally they should be able to work across multiple jurisdictions.
–A tax and regulatory corporate structure should be established.
–The chosen ecommerce company should be managed and controlled offshore as well.
–Payment solutions and e-merchant bank accounts should also be set-up offshore.
–Also seek offshore business website hosting.

If an e-company wants to be regarded as “offshore”, their payment solutions and banking must be managed offshore. Many offshore banks are offering competitive rates along with cutting-edge services to make the process even more advantageous.

After solidifying ecommerce solutions with an offshore company, the long list of benefits and rewards can be enjoyed.