Nearly anyone has the opportunity to benefit financially from the higher returns being offered by offshore investment opportunities these days.
San Jose, Costa Rica (PRWEB) March 10, 2006
Rising oil prices and mounting U.S. debt is sending investors overseas in greater numbers.
The opportunity to move money into offshore markets is looking more attractive to U.S. investors who are troubled by low returns and a wildly fluctuating stock market. Despite the reduced regulatory oversight in many countries, and the absence of government-backed insurance programs like the FDIC, the lure of high interest rates and double-digit returns available in many emerging nations is having an impact here in the United States.
"Nearly anyone has the opportunity to benefit financially from the higher returns being offered by offshore investment opportunities these days.” Said global banking specialist Ron Z. Mendelson of offshoreXplorer.com .
“Although there are tax ramifications involved with offshore investment strategies, they can be mitigated by choosing to invest in markets that offer double taxation treaties, or by either establishing a domicile in the target country, or by creating an offshore investment structure that is designed to isolate offshore gains from domestic gains.” Mendelson added.
The financial barrier to entry continues to fall as more and more offshore banks are willing to open accounts with a minimum of $1,000 in initial deposits, but deposits of $25,000 or more are generally needed in order to generate any substantial returns.
“Navigating the complex legal and tax issues involved in investing and banking offshore requires the services of a professional who is specially trained in offshore investing and banking.” Mendelson said. He went on to explain that this is because countries like the U.S., Canada, the U.K. and other EU nations have very specific laws and regulations concerning offshore financial activities. Mendelson believes these laws are far to complex for the average investor to safely navigate without guidance.
While many investors opt to participate in straight investment programs such as purchasing overseas securities, investing in offshore mutual funds, and buying high-yield certificates of deposit, there is an emerging trend towards creating offshore asset protection trusts that place additional barriers between the trustee’s assets and creditors who seek to attach those assets.
Investors who are thinking about moving their money offshore will discover that many recognized brokerage houses offer individual and joint cash or margin accounts, corporate and partnership accounts and Estate and Trust accounts. In addition, most accounts can be accessed via the Internet which makes investing in offshore markets as easy as investing at home.
“The key to successful offshore banking and investing is to select an offshore investment and banking advisor who is familiar with the country that you are thinking about opening an account in, and who is available to help you select reputable bankers and brokerage houses.” According to Mendelson.
Depending upon individual circumstances, offshore investing and banking appears to be a good way to receive tax benefits, increase investor privacy, and participate in attractive investment opportunities that might not be available in the investor’s home country.
For more information visit http://offshoreXplorer.com
Established in 1999, privately-held offshoreXplorer.com serves large and small organizations throughout North America, Europe and Asia with incorporation services, establishing offshore trusts, as well as creating offshore companies aimed at protecting assets to legally reducing annual taxes.
Ron Z. Mendelson, director of offshoreXplorer.com, is an expert in offshore asset protection strategies, and specializes in wealth protection, foreign asset protection, international business corporations, worldwide investing, global banking, offshore online gaming, and international e-commerce.