In a very recent report on Bloomberg, the idea of South Africans moving money offshore was emphasises.
It was stating the daunting widening of the budget gap and the potential and necessary actions which may need to take place to alleviate the higher taxes in the country, which only seems to be on the up…
This should really worry you.
But there is something you can do…
Look into offshore investment; and we’ll tell you exactly why:
1. Tax Efficiency You can mitigate unnecessary taxations by establishing legal structures in offshore jurisdictions which can help you manage income and tax more efficiently.
2. Increased Access and Greater Flexibility Off-shore means flexibility. With an offshore investment you are able to adapt to change in your circumstance with ease and flexible to be able to access money when and where you need in whatever currency you need. Flexibility also means investment freedom. You will be able to invest in any of the major global stock exchanges with no Reg28 to adhere to and therefore access to the major companies and funds in the market to help you greatly boost your returns
3. Increased Security Offshore jurisdictions are highly regulated and therefore firms operating in such jurisdictions need to adhere to a tight compliance and severe risk assessment protocols. Furthermore offshore entities can offer various forms of protection on capital in the form of assurances or via the use of segregated accounts which don’t fall on the institutions balance sheet. This assures peace of mind for the custody of the assets.
4. Increased Ease of Succession planning Almost all of the offshore vehicles we use can provide means to efficiently plan your succession, helping you manage your estate duties, as well as the needs for executors and probate.
5. Plan B Many offshore investment opportunities allow for opportunities to protect your future and the future of the family with citizenship opportunities and a number of other benefits (link to Plan B blog)
Now that you know the benefits and why you should invest off-shore, find out how you can get started today by booking a free consultation below with one of our specialists.
Comments