Take Control of your Finances today – Diversify by going offshore

When you combine the tax savings with the high profit potential, offshore investing cannot be ignored. You’ve heard over and over that diversification is one of the priorities of investing. True diversification means offshore investing. Any investing has risks, which must be taken into consideration. However, offshore investing, done sensibly, and structured properly can be safer than buying certificates of deposit from your local bank. For example no Swiss bank, chartered to do banking under the laws of Switzerland, and incorporated in Switzerland, has gone broke in over 200-years. As a matter of fact, no Swiss bank has gone bankrupt in modern times. There are many good financial institutions offshore that you can work with. For your reference, as of May 1, 2002, Canada’s largest bank ranks only number 44 by assets, according to the Bankers Almanac list of top world banks.

Although new government regulations are constantly being written and implemented regarding offshore investing, the benefits of asset protection, privacy, tax advantages and profit potential, still make offshore investing a very attractive option. I encourage you to go offshore now before your government tries to make it illegal. Some would say that although these offshore strategies satisfy the letter of the law, they go against the spirit of the law. Ask yourself – Which is more corrupt: Canadian senators charging the government of Canada $2.8 Million per year for airplane tickets, rather than utilizing their expense accounts, which you’d assume were set up for this very purpose? Or, the efforts of every citizen to deny the government as much money as legally possible so as to force it back on the road of financial responsibility and to protect what they have worked so hard to earn?

Set up correctly, offshore investment structures satisfy the letter of the law and are very effective ways of protecting investment assets and allowing individuals to operate their affairs in complete privacy, something impossible to do in Canada. Even conservative accountants agree with this. In Deloitte & Touche’s annual tax planning book, ‘How to reduce the Tax You Pay’, they say ‘Investing Offshore is still an attractive option for many Canadians. However, you should be aware of the risks involved, both at home in terms of increased tax vigilance and abroad for inherent risks. Consult a professional investment advisor before taking your money outside Canada. However, I recommend you seek out an expert in the country you wish to structure in as Investment Advisers and Accountants are obliged to testify against you if the government steps in – there is no longer client confidentiality in these matters so be careful what you share with your trusted accountant and financial adviser.