Why Invest Offshore?
The answer is often simply a matter of control. The schemes we advise upon or arrange are generally in no or low tax areas so growth is not impeded by domestic taxation leaving the investment managers free to concentrate on one key area - profits - without concerning themselves with any secondary issues.
As an Isle of Man based company, we pride ourselves as being at the forefront of offshore investment advice. We have an extensive knowledge of offshore jurisdictions, and how they are viewed and rated by the Organisation for Economic Cooperation and Development (OECD) for anti-money laundering purposes.
With this in mind we only recommend companies that are present in the countries that have made commitments to transparency and effective exchange of information and are considered co-operative jurisdictions by the OECD's Committee on Fiscal Affairs.
The Isle of Man for example is a highly regulated jurisdiction, and the regulator, the Isle of Man Government Financial Supervision Commission recognises that everyone has a choice of where to put their money and locate their business. A primary mission of the Commission is therefore to sustain confidence in the Island by providing a high level of protection for those using the services of its licence holders. The primary way in which it does this is by exercising close supervision to international standards.
The Isle of Man is unique among offshore centres in having put in place comprehensive arrangements for depositor, investor and policyholder protection. In the event of a failure such protection extends to residents and non-residents of the Island and embraces sterling and foreign currency assets.
Of course, at the time you decide to liquidate your offshore investments you must appreciate that you may be liable to domestic taxes in your home country, however you often have the ability to decide when to realise the growth made and consequently when to pay the tax due, putting you firmly in control of your finances.
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