More and more investors are now looking at offshore investment, and this is because it can bring many advantages. Offshore investments are any kind of investment is housed outside of the investor’s country of residence. There are frequent stories in the news surrounding fines and jail time for those with offshore investments, but it is important to note that this is only people that are attempting to conceal their investments from the authorities.
Offshore investments will need to be legally recorded in your country of residence. When this is done it can be very beneficial and it is no surprise that so many investors are now looking overseas.
The Advantages of Offshore Investment
So, what are the benefits of offshore investment? The main benefit is that there are tax incentives. Smaller countries have favourable tax rates, so when an investor sets up a corporation in their country they will pay less tax than they would in their country of residence. This is also beneficial for the country with favourable tax rates because having one of these corporations set up can help to boost the local economy. As well as tax reduction, offshore investment also offers asset protection, confidentiality and diversification of investment. Offshore accounts enable investors to easily access international markets, and many countries are now privatising sectors which used to be under government control. This can be very appealing to investors and is made easily accessible through offshore investment.
Have your Offshore Portfolio Managed for You
It is clear then why so many investors are now looking outside of their country of residence. If you have decided that you want your own offshore portfolio then it is important that you find a wealth management company that can manage this for you. An offshore bond can only be invested through managed funds such as investment trusts, unit trusts and Open Ended Investment Companies (OEIC’s). This is due to the tax regulations. A wealth management company, including SPI UK and others, will be able to set up an offshore portfolio for you which will contain some of the top performing funds from all of the best investment houses. This will bring all the tax advantages of an offshore investment, but also have the benefits of a tailored investment portfolio which suits your aims and objectives. Many of these companies will also make suitable changes dependent on the stock market and any circumstances that change.
Having an offshore portfolio set up and managed for you by one of these companies could prove very profitable and beneficial. Those that are unaware of offshore investments may be put off at first because of stories that appear in the news from time to time, but these stories are all of people that are trying to conceal their investments from the Government. Offshore investment will need to be legally recorded in your country of residence, and when done so it can bring many advantages over on-shore investments.
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