openPR Logo
Press release

The Three Best Offshore Asset Structures in Belize

11-01-2018 09:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Caye International Bank

Author: Luigi Wewege, Senior Vice President of Caye International Bank

Author: Luigi Wewege, Senior Vice President of Caye International Bank

Belize is such an appealing place to invest for many reasons. One of those is that Belize offers a wide range of investment opportunities. What’s important to remember, however, is that offshore asset structures can appeal to different groups of people. A structure that is the perfect solution for one individual might not meet the needs of another investor.

By taking a closer look at the top three best offshore asset protection options, you can get a better feel for the offshore asset structures in Belize that are the right fit for you and some of their requirements.

1. International Trusts
Trusts are perhaps one of the most widely use asset protection structures in the world. A trust is established when a person who owns certain assets transfers them into the hands of a trustee. With that transfer, the original owner no longer has financial or legal liability over the assets. Instead, the trustee is tasked with managing the assets. The beneficiaries of the trust are the third-party individuals or groups that stand to benefit from the trust.

Although it is possible to establish an international trust in destinations across the globe, Belize is especially appealing because its laws provide better protection for the assets stored within these trusts. An international trust established in Belize can be an effective way to protect your assets from seizure. In the unlikely event of an asset freeze or a declaration of bankruptcy, the assets in your trust are not eligible for seizure. Since they are no longer owned by you specifically, they can’t be taken away from you. This can offer peace of mind for those who are at particular risk for any legal conflicts.

An international trust is also an appealing option for those who want to start estate planning. By establishing an international trust in Belize, you can get very specific about who you want to inherit your assets in the years to come. You can earmark certain assets for specific individuals or occasions, and these plans can be kept private and confidential.

At the same time, it is worth noting that establishing an international trust has an added tax benefit. This is especially true when you set up an international trust in Belize. By minimizing tax erosion, you can protect more of your assets and ensure that your loved ones have access to as much of your hard-earned wealth as possible.

2. International Business Companies
For those who have investments that need to be utilized, an International Business Company (IBC) in Belize can be a strong choice. In an effort to encourage international businesses to operate in Belize, the government established a program where companies could incorporate and qualify as IBCs.

In order to be an IBC, a business cannot profit from any business activity within Belize. That means you can’t directly offer goods or services to those living in Belize. However, if your business operates anywhere else in the world, you can be headquartered in Belize and benefit from being an official IBC.

Some of the many assets that can be stored in an IBC might include machinery, copyrights, patents, intellectual property, or foreign real estate. An IBC is recommended for those who are making profits and actively using assets. An IBC is less likely to be the right choice if it contains passive assets.

Arguably the best justification for having an IBC is that the assets it contains, and the profits it makes, won’t be taxed in Belize. That means you can better protect the money you make without sacrificing profits to taxation.

An International Business Company can also be a very private asset structure. Board members and directors can be kept anonymous, should that be desired. In addition, IBCs aren’t forced to disclose their financial records. The government should know the location of where financial records are kept and businesses are free to store their records anywhere in the world that is most convenient to their operations. In short, having an IBC means enjoying more flexibility and freedom than can be found when operating businesses elsewhere in the world.

3. Private Placement Life Insurance
In order to begin estate planning as efficiently as possible, private placement life insurance can be an excellent option. An offshore life insurance policy can protect your assets while simultaneously avoiding tax erosion. Private placement life insurance is an especially smart choice if you currently hold a number of investments that are earning significant profits or dividends. Holding these types of investments without the benefit of a life insurance wrapper can mean you’re paying large sums annually for taxes, which is certainly not anything that an investor wants.

A private placement life insurance in Belize operates differently from a more traditional life insurance policy. Instead of paying in fixed sums each month or year as payment, the insurance policy thrives thanks to investments that create their own constant sources of revenue.

Another benefit of this type of insurance product is that you can better pass on assets to loved ones and dependents without tax gouging. You’ve worked hard to save and accumulate wealth, and you shouldn’t be penalized for that. Through the protection of private placement life insurance, you’ll be better able to pass wealth to your heirs. This is because the assets within the life insurance policy are no longer held directly in your name. This is especially true in like Belize, where asset structures aren’t taxed as heavily as they are in jurisdictions like North America.

Finally, it is worth noting that placing assets into a private placement life insurance policy doesn’t necessarily mean the assets are no longer available to you. Tax-deferred withdrawals or loans from the policy can provide you with capital in a hurry, should that ever become necessary. When looking for this type of insurance, it is important to find a provider who maintains compliance with international standards such as those required by the International Insurance Act Chapter 269, Revised Edition 2000 of the laws of Belize.

Offshore trusts, International Business Companies, and private placement life insurance policies are great options for individuals who are ready to protect their wealth and diversify their holdings. Caye International Bank headquartered on Ambergris Caye island in Belize, Central America can help you get your offshore bank account set up, as well as assist you through the process of acquiring the best offshore asset for you and your family.

Contact Caye Bank today to for the information you need to get started.

This article is copyright © 2018

About Caye International Bank:
Caye is the only International Bank headquartered on the beautiful island of Ambergris Caye in Belize, Central America. The bank offers a full range of traditional and non-traditional financial services and accounts in multiple currencies. An application for account opening is a simple process and can be facilitated online from anywhere in the world.

About author - Luigi Wewege:
Luigi is the Senior Vice President of Caye International Bank, published author of The Digital Banking Revolution, has co-authored economic research which was presented before the U.S. Congress and currently serves as an Instructor at the FinTech School as well as a Speaker at the Silicon Valley Innovation Centre. He holds an Italian MBA with a major in International Business, as well as a BSBA with a triple major in Finance, International Business, and Management - cum laude from the University of Missouri-St. Louis.

P.O. Box 105, Coconut Drive
San Pedro Town, Ambergris Caye
Belize, Central America
notify@cayebank.bz

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Three Best Offshore Asset Structures in Belize here

News-ID: 1343239 • Views: 1105

More Releases from Caye International Bank

Thinking of Retiring to Belize? Keep These 7 Budgeting Tips in Mind
If you’re wondering if Belize is the ideal setting for your retirement years, don’t feel alone. There are many ex-pats who find that the climate, the cost of living, and the eclectic mix of cultures is to their tastes. How do you know if this is the right choice for you? The only way to know for sure is to learn more about what to expect in terms of the general
Do You Think Offshore Banking is Only for the Wealthy? Think Again!
With the mention of offshore banking, some have visions of mansions, traveling by private jet, and being driven around town in a limousine. That’s because some people assume that having offshore financial accounts requires having lots of money or because they’ve watched too many James Bond movies. In reality, you don’t have to be rich in order to establish an offshore account. People in many different lines of work have offshore
Learn more about San Pedro – the true Isla Bonita
As the largest Belize island, Ambergris Caye is 25 miles long and filled with a plethora of lagoons, sandy beaches, and reefs to explore. Its major settlement is San Pedro Town, which has the highest concentration of accommodations and activities in the country. Vacationers and retirees alike flock to the island because of its natural beauty and to experience a sophisticated lifestyle at an affordable cost. You, too, can enjoy the
Find out about the seven trends in offshore banking
For many individuals and businesses, offshore banking is the ideal way to diversify assets and protect wealth. Whether you’re safeguarding assets for future generations, saving for retirement, or starting an international business, offshore banking can be the right choice. Offshore banking varies from one jurisdiction to the next, and not all services are right for everyone. Staying ahead of trends in offshore banking can help you decide what is right for

All 5 Releases


More Releases for Belize

Learn more about banking and business laws in Belize
As more people look to make smart decisions about their money, offshore banking strategies rise to the top of the options list. Whether you’re planning to retire internationally, invest overseas, or move your business offshore, banks in Belize can be a smart choice. Thanks to banking laws in Belize, there is an inviting financial climate for investors and account holders from around the world. Take a closer look at some of
Make the Most of Your Foreign Savings Account in Belize
A savings account, also known as a deposit account, is a way to safely store your assets and benefit from interest accumulation at the same time. Although many people have domestic savings accounts, having a foreign savings account also offers several concrete advantages. If you are thinking about opening a foreign savings account, find out how to do so as well as understand what you can do with your account. What is
Diversifying Assets Through Offshore Banking in Belize
There are countless strategies for investment. Some individuals look for high-risk and high-reward opportunities, and others want to plan for long-term security. Whatever the strategy, however, diversification is key. In fact, that might be the most important factor in successful asset protection and investment. One of the best ways to diversify assets is through offshore banking. Explore the need for financial diversification, better understand all your offshore options, and work toward
Why Choose Private Offshore Banking in Belize
Private offshore banking in Belize continues to increase in popularity. Through its continual demonstration of banking compliance with financial industry laws and legislation such as the Foreign Account Tax Compliance Act, or FATCA, Belize has established itself as a leader in safe, stable international banking locations. It is entirely normal to have questions about the privacy and stability of offshore banking in Belize when other banking options exist. Recently, Luigi Wewege,
Five Advantages of Offshore Banking in Belize
If you’ve considered banking offshore in the past, then you might have explored the options for international banking in various countries. One nation that comes up again and again among savvy investors is Belize. Belize is already a popular location for vacations and retirement, and it continues to grow in popularity as an offshore banking destination. There are a multitude of advantages to banking in Belize, but let’s take a closer
October 2017 - Trade Mission To Belize
FOR IMMEDIATE RELEASE Media Contact: Leondria R. Thompson Email: Press@tcbcc.org 1+-832-875-3977 October 2017 - Fourth Quarter Business Development and Investment Opportunity Trade Missions to Belize, Central America August 14, 2017, Houston, Texas USA – Tri-County Regional Black Chamber of Commerce (TCRBCC) will host its fourth quarter International Business Development and Investment Opportunity Trade Mission in Belize for October 10-14, 2017 and October 17-21, 2017. TCRBCC’s third quarter trade mission to Belize, July 18-22, 2017, resulted