Buying,Your,Tax,Haven,Corporat finance, share, loan Buying Your Tax Haven Corporation
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Buying Your Tax Haven CorporationBy William CatePublished March 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Your purpose in buying your tax haven corporation determines yourincorporation and maintenance costs. You can buy a new car, without anengine. It'll cost less than a new car that works to your satisfaction.The most common reason that Americans buy a tax haven corporationis to impress people. They want to park their new engineless car in theirdriveway and have it admired by their friends and business associates atcocktail parties or business luncheons. At best, their purchase is aprotest against government. Since their tax haven corporation isn't goingto be used, they should buy the cheapest tax haven corporation.The financially unsophisticated buy a cheap tax haven incorporationto save money. They don't realize how easy it is to lose their offshorenest egg. In some cases, local attorneys don't file the incorporationdocuments with their Government. Local tax haven banks fail at an alarmingrate. Nominee directors have the power to defraud the unwary. Westerntaxing authorities often collect taxes from the unwary tax havencorporation. The road to tax haven success is dotted with hundreds ofthese potholes. The unsophisticated are certain to wreck their car drivingthis road.For over 100 years, financial advisers have helped theunsophisticated survive on the road to tax haven success. In Europe, theseadvisers tend to be from old-money families. In the States, they tend to beattorneys and accountants. Do you want to drive a tax haven car and don'tknow how to do it? You should hire a tax haven adviser, as your chauffeur.It's good insurance. They'll add $5,000 to $10,000/year to your costs.However, you'll avoid the loss of your offshore nest egg from hitting apothole.You can pay over a hundred thousand dollars a year for your taxhaven incorporation. It's done by the super rich and multi-nationalcorporations. They get a team of drivers who ensure that they prosperwithout having tax problems from their local taxing authority. Theirchauffeur costs are justified because their tax savings more than offsettheir costs.For the past twenty years, I've helped Stock Market professionalscreate International Business Corporations (IBCs). My design is sound.We're taking some of these IBCs public. They aren't the dream machines ofthe super rich. They aren't the engineless new cars of cheap tax havenincorporation. They meet a need. If you share that need, they are your bestvalue. The cost is US$3,500 for the formation of your tax havencorporation. Thereafter, the annual maintenance fee is US$600/year for aprivate IBC. It's $1,000/year for a publicly trading IBC.Putting aside ego and ignorance, tax haven corporations aren't foreveryone. If they are for you, you must decide upon your purpose, beforeyou shop for the best value. If you need stock trading and currency help, Ioffer the best value. If you want to use a tax haven corporation to hold aglobal real estate empire, you need help from someone who creates realestate tax havens. Your purpose will determine your costs. It willdetermine the location of your tax haven. It will determine whom you'll useas your adviser.To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website:[http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] Article Tags: Haven Corporation
Buying,Your,Tax,Haven,Corporat