October 29, 2001 By: Sharon Preston Website: http://www.need-to-know-finances.com Are you prepared for global investing? Up until recently, the super wealthy were the only people that used global investing. Now, nearly everyone has heard the word ‘offshore' but many do not know how to properly have a LEGAL presence offshore. There is a difference between simply investing internationally and global investing. An example of investing internationally is where a Canadian purchases stock in a foreign corporation. However, global investing is where the same Canadian above purchases that same stock through St. Vincent’s corporation with a Bahamian bank account and a London securities account. In the second example, the Canadian has created a legal presence offshore. There are many benefits to be had of having a legal offshore presence. Benefits such as: protecting assets, increasing profits, gaining privacy and reducing taxes are to name just a few. The key to global investing is to make sure that the investing is done from a foreign country. The decision of which foreign country to use, as a base is quite complex. Obviously, using a tax haven would afford many more benefits to the offshore investor. When an individual is first exposed to global investing, it can be uncomfortable placing assets in some international business corporation using a foreign bank account. But with education, comes increased knowledge and fears will be alleviated. Given the benefits, the learning curve is certainly worth it! Click here for more information on Global Investing or to choose from a variety of related products and services. About The Author: Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.  A one stop resource featuring information, reviews and articles related to the offshore arena.

 

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