Other Items Worth Noting About Offshore Formations

• When owners live in "states" (countries) that tax residents on world wide income / profits, only essential monies should be withdrawn in the said location as these monies will be taxable. The bulk of assets should be left to grow and be accessed only at a tax convenient time.
• Inheritance tax may be avoided altogether by careful passing of the bearer shares.
• A bearer share is best defined by comparison to a US$100.00 note; he who holds it, owns it.
• In certain instances a further offshore company may be set up to hold the shares of an asset holding offshore company. This is for confidentiality reasons.

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