Lawsuit Protection through an Offshore IBC (International Business Corporation)

An offshore company (IBC) can protect assets far better than onshore asset protection trust.

In fact, an onshore trust can be easily broken by a judge for many reasons.

Every day, in courts all across North America and Europe, onshore asset protection schemes are disregarded with the simple stroke of a judges pen.

On the other hand an offshore corporation provides a secure place to keep money out of lawsuit prone hands because a judge cannot order you to provide assets you do not own.

There are two common offshore protection techniques. The first is a bearer share corporation, which is owned by whoever happens to be in possession of the share certificates. There is nothing more flexible and anonymous in the offshore banking world. The second option is an offshore company owned by an offshore foundation.

From a legal perspective, an offshore foundation cannot be owned by anyone. This means that a court cannot order you to bring the funds in question onshore. You simply don't own the funds. The judge cannot order you to do something illegal like producing funds that are not yours.

If you are looking for a way to protect your assets from lawsuits and other financial invasions, consider incorporating offshore.

Offshore company formation is not expensive. An offshore corporation and bank account cost less than $2000. Well within the reach of most people looking for ways to protect their assets.