What are the advantages of doing business offshore?

Privacy. Anyone can hire a private investigator and find your domestic assets, including bank accounts, -or do it themselves on the Internet. But offshore investments are much more difficult to find. While you are required to disclose income from the account to your domestic tax authorities, these records aren’t ordinarily available to creditors.

Asset protection. If you don’t look like you have assets, you’re less likely to be sued. While an offshore account won’t protect you if a court orders you to repatriate your assets, these assets are “off the radar screen” which provides a significant amount of practical asset protection. Moreover, an offshore account can be a gateway to other offshore investments that provide much greater asset protection.

Currency diversification. Many economists feel that the massive indebtedness of the governments of high tax countries such as the United States, Canada, and the United Kingdom will cause their respective currencies to decline over the long term- particularly now that the European Union has introduced the “Euro”.

Investment opportunity. Thousands of investment opportunities are accessible offshore that are not available at “home”. For instance, in the United States, any security that has not been registered with the Securities & Exchange Commission may not be marketed. However, by using your convenient account, you can simply instruct your personal representative to purchase “unregistered offshore securities” for you. In many cases, they provide significantly higher returns then the registered domestic variety. One reason is that the offshore investment managers are much more globally oriented then the domestic fund managers. Another is that regulatory costs are generally much lower offshore.

One stop shopping. The banks within the three countries that the Society has chosen universal banking laws, meaning that banks can engage in both banking and securities trading activities. This is not possible in the United States. Your Convenient Account banker can purchase any stock, bond or mutual fund for you, as well as, any precious metal, in any form.

Safer banks. The banks that the Society has chosen for the Convenient Accounts do not engage in commercial lending, underwriting or other activities that could potentially put your assets at risk. Loans are made only against collateral deposited or otherwise held by the bank.