|
|||||||||||||||
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
CANADA
CANADIAN REAL ESTATE USE OF OFFSHORE COMPANIES
In the Canadian Legal System, the deck is often stacked in favour of plaintiffs and against defendants. Because this observation encourages the filing of spurious lawsuits, the average business owner or professional may be sued several times during his or her lifetime, thereby facing the possibility of being on the receiving end of a ruinous judgment. Failure to plan for such a situation can result in the instant loss of a lifetime's accumulated wealth. Once a lawsuit has been filed, or one is anticipated, the Canadian Legal System will not allow assets to be moved. Acting now while the waters are calm is imperative. FINDING YOUR ASSETS CORPORATE OWNERSHIP CANADIAN CORPORATION VS. OFFSHORE CORPORATION CANADIAN JUDGMENTS ARE NOT RECOGNIZED OFFSHORE
HOW TO GET STARTED You will be billed annually for the registered agent and government fees. For payment, we accept any form of a USD check, wire transfer or cash. The bank application for the bank you have selected will accompany your corporate documents. There will be instructions with the bank forms. You will be asked to return the forms to our office. We will put certified corporate documents with the bank forms, complete all the corporate information, seal the documents and courier them to the bank along with your initial deposit. Depending on which bank you have chosen, the account number will be issued approximately 7 days after the bank receives the documents, if we are using Swiss American Bank in Antigua, and up to one month for Barclays either in the Bahamas or British Virgin Islands. All other banks will fall within this time period for issuing account numbers. OFFSHORE CORPORATIONS
1. You own real estate and have equity build up in the property. You want to protect this asset.
2. You form an Offshore Company that you control, but ownership is anonymous because of the strict secrecy laws of the Offshore jurisdiction. Bearer shares can be used for more privacy.
3. Because the Offshore Company will be looking for good investments, it can negotiate a loan or provide services to your property. Services can be landscaping, roofing, painting etc. You decide to secure a home improvement loan from the Offshore Company. It will loan you the money and take the equity in your real estate as security. With no usury laws, the Offshore Company can charge very high rates of interest to move more money offshore or payments can be set low or rolled back into the note.
4. To protect its interest, the Offshore Company will file a lien against the property. A Trust Deed document is filed at the County level which allows the Offshore Company to take a first lien position on the equity of the property after the senior mortgage debt is satisfied. 5. If the worst happens, due to lawsuits and judgments, a bad economy, or even bankruptcy, the next step would be the result of your asset protection strategy using an Offshore Company to encumber your assets.
6. Upon the sale or liquidation of the property, the title company will do a search for liens against the property. Such a search will reveal a lien, secured by a Trust Deed, to the Offshore Company. After the mortgage company’s (if any) debt is paid, any excess equity will be paid to the Offshore Company to satisfy the home improvement loan, secured by the Trust Deed. OFFSHORE CORPORATIONS
1. The U.S. Company presently deals with the public, suppliers, other businesses and has assets of some worth. You are the major shareholder or you are a sole proprietor.
2. You form an offshore company that you control completely. Ownership is completely secret and anonymous because of the strict secrecy laws of the offshore jurisdiction. Bearer shares can be issued by an offshore company to put another layer of privacy between you and the ownership. You can fund your offshore company for payment of the shares issued.
3. Because the offshore company will be looking for a good investment, the offshore company can negotiate a loan or provide services to the U.S. Company. Such services can be bookkeeping, consulting, administrative, shipping, etc. The U.S. Company decides it will borrow money from the offshore company. The offshore company will loan the U.S. Company money and a loan agreement is signed between the two companies. As collateralization, to secure the loan, the U.S. Company will pledge its asset to the offshore company. With no usury laws, the offshore company can charge very high interest rates, which will help remove funds from the U.S. Company, or the payments can be set very low or rolled back into the note.
4. To protect its interest, the Offshore Company will file a lien against the U.S. Company’s assets. A UCC-1 Financing Statement is filed at the State level which allows the Offshore Company to take a first lien position on the U.S. Company’s assets. 5. If the worst happens, due to lawsuits and judgments, a bad economy, or even bankruptcy, the next step would be the result of your asset protection strategy using an Offshore Company.
6. The U.S. Company is unable to continue payments or pay off the Offshore Company. Because the Offshore Company holds a first lien position on the U.S. Company’s assets by way of a UCC-1 Financing Statement, the following liquidation will allow the Offshore Company to legally acquire all of the U.S. Company’s assets to satisfy the debt.
OFFSHORE INCORPORATION SERVICES FREE CONSULTANCY |
|
|||||||
