Special incorporations:
Bank, insurance, cell companies

Is going beyond a plain vanilla offshore company a step too far? Or should you consider forming a private offshore bank or an insurer? It depends.

OFFSHORE-FOX.COM
with Peter Widder

(Part 1 of 4)

The appeal of private ownership of licensed entities has widened in recent years. Although some are formed as actual commercial businesses, many more private banks and insurers serve their owners as sophisticated asset protection and privacy tools. A few simply buy the prestige.

Where do you stand?

A far-fetched idea...

Do you think that owning a private offshore bank or an insurance company is a far-fetched idea? Then you should note that the benefits are not limited to those who plan to operate a banking or insurance business. Did you know, for example, that an insurance company can protect your asset from lawsuits, or help to transfer funds offshore?

... or a magic remedy?

Or do you believe that getting an offshore banking or insurance licence is the magic remedy for all your headaches? Then think again. Going down this route is not always the best -- or easiest -- of options. Simpler offshore strategies often suffice.

Decide for yourself.

Here is a short, incisive and candid overview of some of the issues surrounding:

Offshore Bank Licences
Offshore Insurance Licences
Protected Cell Companies

Decide for yourself if going beyond a simple offshore company is a step too far... or a step in the right direction.