International Business Companies are normally part of multi-organizational, multi- jurisdictional structures that often include trusts and foundations. Typically, an IBC is owned by a trust established in another jurisdiction. Banking and investment accounts are established in additional jurisdictions and so on. These formations are designed to facilitate asset protection and tax-reduction strategies by involving multiple jurisdictions in which legal actions must be filed, adjudicated and enforced. Multiple jurisdictional and organizational complexities significantly increase the expense of adversarial prosecution thus reducing the probability of frivolous litigation.

IBC’s may:

• Convey, hold, disburse, acquire, and administer all of your personal or business assets;
  
• Start, expand, manage and administer your businesses; and,
  
• Manage your personal finances and build your personal wealth through participating in profitable and suitable investment opportunities.

An IBC’s may not:

• Conduct business with the local residents or own real estate in its domicile;
  
• Serve as a registered office for other companies;
  
• Conduct business as a bank, agent, broker or insurance company.

IBC’s are normally exempt from all local income and sales taxes including:

• Profits or gains from activities carried on with the domicile;
  
• Securities or assets owned by an exempt corporation or transferred to another such corporation;
  
• Increment in value of property or other assets
  
• Dividends, interest or other returns from any securities, deposits or borrowings.
  
  

mail .
BALLINPHORT CORPORATION
8550 W. Charleston Blvd.
Suite 102-105
Las Vegas, NV 89117

phone .
Toll Free: 866-842-1212
Direct: 702-233-1703
Fax: 702-233-3924

email .
General Inquiries: info@ballinphort.org
Sales Department: sales@ballinphort.org
Technical Support: support@ballinphort.org

Asset Protection Trusts are a special form of irrevocable trusts, usually created offshore for the principal purpose of preserving and protecting part of one’s wealth offshore. Offshore assets are much more difficult for creditors to seize as APT’s transfer the title of assets to a person named as the trustee. It is generally advisable for a trust to be the owner of an IBC and it is preferable that such trust be formed in a different jurisdiction.

Foundations are a crossbreed between a trust and a corporation. It is an entity that does not have owners (shareholders, participants, or partners), and it traditionally has a specific purpose for the benefit of a general group of individuals. One common use of foundations is to control and maintain ownership of foreign trusts and corporations. Ballinphort Corporation establishes confidential multi-jurisdictional corporations, trusts and foundations that are designed to function and interact together to facilitate privacy, asset protection and tax reduction.

Jurisdictions (tax havens) have both advantages and disadvantages. Careful consideration prior to selecting a venue is extremely important and decisions need to be made based upon whether the country has a common-law or statute-based legal system. Do they have reciprocal taxation agreements with other governments? What type of privacy legislation is in place to protect your anonymity?

Depending on your needs assessment, which we will perform prior to recommending a specific approach, we may suggest a multi-structure, multi-jurisdictional design to insure that your offshore objectives are achieved.

More information on Foundations >>>