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Things to consider about

"Going Offshore"

Here are the criteria you need to check
in order to make sure you
do not get yourself into trouble...

Establishing "offshore" legal entities (Trusts, International Business Corporations, Private Foundations) is not for everybody.

On this page, you will find the most important criteria you must check, about yourself and the laws of the country you live in. And about yourself and your attitude to power and personal freedom.

There are four main areas you need to check:

  1. Your legal limitations...

  2. Your personal attitude and preparedness

  3. Your personal rights of freedom

  4. Your personal desires and goals

You can make your own score. This is not an exam - and yet it is. You do the math you want on your answers, and you can compare the result to what you feel comfortable about. If the result is that you do not feel attracted, then drop the idea of "going offshore"! But if it still appeals to you after this, then take the action you know is required. If you are left in doubt, then chances are that you need more information - and then resolve to get that information!

Your legal limitations...

Here are the red flags you should not ignore:

  1. Are you prohibited from communicating with people in other countries without reporting your communications to your government?

  2. Are you prohibited from accepting any volunteer work from foreigners without involving your government, one way or the other, in the details of that activity?

  3. Are you prohibited from engaging in any kind of business with foreigners without involving your government in the details of that business, also beyond reporting the income you derive from it?

  4. Are you prohibited from taking care of other people's assets and belongings, if the owner is not a resident of your country?

  5. Are you obliged by law to report to your government or its agents any information they ask, even it that information pertains to other people or companies you have no legal interest in or control over?

If any of the above "red flags" relate to you, you have to be very cautious, as any offshore involvement might bring you in conflict with the laws of your country. You are probably already aware of this abuse of your fundamental human freedom rights, and we hope for you that you have found ways of protecting yourself from your government's tyranny. If you live under a totalitarian regime that has stripped you of these fundamental rights, you are at risk if you engage yourself in an offshore venture, and you will need to find ways of adapting to the challenge. The specific ways must be chosen by you, as they relate specifically to you and your situation.

Your personal attitude and preparedness

Here are the questions you need to consider in order to determine if you are willing to pay the price your privacy and financial freedom will cost....

  1. Are you willing to protect your privacy and make the extra effort to use secure means of communication, despite them being less convenient and possibly more expensive?

  2. Are you willing to transact all business with foreign parties in a legitimate way, making sure that you always have the paperwork in order before you make any money transfers?

  3. Are you willing to accept that you cannot act as if you owned the offshore entities you work for, when the legal truth is that you don't?

    Are you willing to pay people in foreign countries a few hundred dollars a year for helping you obtain and maintain your privacy and financial freedom?

  4. Are you willing to maintain a "low profile" and keep your financial benefits for yourself and not brag about them to your friends and neighbors?

  5. Are you willing to always take a second look at information you get from your government, checking that it actually is both correct and legal before you act on it?

  6. Are you willing to consult with a lawyer as soon as you get indication of your government having an issue with your foreign involvement?

  7. Are you willing to take the time and make the effort to learn how to use offshore legal entities safely and without risk of the use of them turning into crime?

  8. Are you willing to pay to the tune of a few hundred dollars for that education?

  9. Are you willing to pay a couple of thousand dollars for establishing an offshore presence you can control?

  10. Are you willing to pay a few hundred dollars a year in order to keep your offshore presence in operation?

If you are hesitant about answering "yes" to all these questions, then you are heading for some personal conflicts by "going offshore". Everything has a price - and freedom is not free. But it isn't restricted to millionaires either! And the price is not only financial - it most definitely also involves emotion.... If you have a desire to show your neighbors and friends that you "do better than the Jones'", then you are better off staying on-shore....

And, by the way, the prices indicated above is about what it costs to go offshore when you contract with reasonable business people about it. If you think you can do it safely and legally for less, you are fooling yourself and probably heading for crime or disaster...

Your personal rights of freedom

  1. Are you free to communicate in privacy with people in foreign countries?

  2. Are you free to arrange business deals for other people in privacy?

  3. Are you free to accept working for other people, including foreigners, without being paid, if you can do so from your home, without doing any advertising or having anyone coming to your residence?

  4. Are you free to accept working for a foreign business for an agreed remuneration, working from your home, when you report the income on your tax return?

  5. Are you free to ask a foreign corporation to invoice other businesses for work and value you provided to those other businesses on behalf of that foreign corporation?

  6. Are you free to act as custodian for assets that belong to someone else, if the owner is residing in a different country, but wants you to take good care of his/her assets in your country?

  7. Are you free to do this without charging money for it?

  8. Are you free to transact business with people and businesses in other countries, such as lending or borrowing money, contracting or selling services, selling or buying products, as long as you report to your government any income you earn personally from this?

  9. Are you free from legal obligations to report to your government what you might know about other people's financial affairs, including foreign businesses you have no legal responsibilities for?

If you can answer "Yes" to all of the above questions, there are no restrictions for you to benefit from using offshore business entities - and from enjoying the benefits from doing so...

Your personal desires and goals

Here are the questions you need to consider in order to determine if you are the kind of person who will enjoy and benefit from an offshore involvement:

  1. Do you appreciate privacy and personal freedom?

  2. Do you like making your decisions about your own financial affairs in a way that allows nobody else to snoop into what you are doing and why?

  3. Do you like having unrestricted power and authority over all your assets, all your income sources, and all your income?

  4. Do you like the thought of being able to pass on your Estate to the heir of your choice, with no limitations, and without nay deductions or hassles for this heir, in terms of probate, legal fees, taxes, etc.?

  5. Do you believe that you can make an investment or a business idea grow to make serious profits?

  6. Do you like to be your own boss and make your own decisions?

  7. Do you believe that you can make a net profit on your investments or business ventures that is at least a couple of thousand dollars per year?

  8. Would you want to get started, when you know you can make it with a couple of hundred dollars and a dormant investment - or 10 hours per week to start a business venture with no start-up costs at all?

If you answer "yes" to these questions, then you have the mindset of a successful person - and going offshore will only make you even more successful, as you get rid of many of those restrictions that currently hold your talents back from performing their best...

How did you make out?

We cannot give you a template for marking your results. Even if you can't answer all questions "correctly", it is still a matter of your personal judgment to conclude how far you might be from being able to do so. And that's what you need in order to make this decision diligently.

However, if you have no problem with any of your answers, then we can also promise you that you will benefit seriously from "going offshore" - and you will also enjoy it.

Whether we hear more from you or not about this, we hope that this little "exam" has helped you make the decision that is right for you - and have peace with it.

To your freedom!

Novasol Judicare Inc.

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