Citizenship by investment St. Kitts and Nevis is the oldest and most internationally recognized renowned investment program of its type. And it’s much more than just enhancing your global mobility, it’s protection for your family and wealth.
So what is Asset protection?
Asset protection is a component of financial planning intended to ensure your wealth as money, assets such as real estate or stock is protected. Through Offshore Banking and Trust you can optimize your assets protection.
Here is what you need to know about Offshore Banking
Offshore banking refers to opening a bank account in a foreign nation. Offshore banking comes with a multitude of benefits such as:
Being able to diversify your currency
Offshore banks usually deal with all types of currency, unlike domestic banks that focus on local currency and may have unfavorable exchange rates. Offshore banks in St. Kitts & Nevis are adept at operating with a multitude of currencies worldwide.
Simplifying International Business
Offshore banks facilitate international transfer and closing global business transactions and deals.
Ultimate security and Privacy
Offshore bank St. Kitts & Nevis have complete privacy and quite exclusive also protect your assets.
Crypto Friendly Trading
For Crypto investor opening a Offshore bank St. Kitts & Nevis gives you a lot of benefits as St. Kitts & Nevis is one of the most crypto friendly nations in the world and has a multitude of Bitcoin ATMs throughout the cities.
Here is what you need to know about Offshore Trusts
Offshore trusts are the ultimate asset protection tool. A trust is a framework upon which the investors (trustor) shifts all ownership of certain assets to the trust manager (trustee) along with a letter of order on how to use or distribute the funds to any other party (beneficiaries).
Trust law in Saint Kitts & Nevis is popular for favoring the investor over creditors, also allows the trustee to be beneficiaries of the trust or for the trust to conduct its own international business. There are benefits of opening a Offshore trust in St. Kitts and Nevis as:
Complete Asset Protection
By shifting ownership of assets to trust no one can come and take them from you. But through your instruction (trust deed), you maintain full control over your assets. There is no court or creditor that can force you to terminate the trust and pay them, as you technically don't own the assets.
Protection against Lawsuits
For a creditor to take money from your trust, they need to sue the trust itself, Suing a Trust in St. Kitts and Nevis becomes a convoluted process that entails high legal fees, the process takes a lot of time and risks.
Tax incentives
A Trust in St. Kitts and Nevis may help out with taxation depending on the country the trustee is from. Trusts in St. Kitts & Nevis lower the burden of wealth by transferring assets ownership, therefore affecting wealth tax. Saint Kitts & Nevis Trust law also allows trusts to conduct business on their own according to the trust deed, and the income generated by the trust can be taxed favorably, or not even taxed at all depending on the case.
NG Global Citizens provide individuals, businesses and families from all over the world with international immigration and business consultancy services.
Some area where we can help are:
To know more about the subjects, please contact us directly and book a free consultation with one of our Citizenship by Investment expert or visit our website
https://ngglobalcitizens.com
For further information, please send us an email to
info@ngglobalcitizens.com
. You can also call us on
(+1) 869 662 5719
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