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Setting Up An International Business Company (IBC)

Hubholz — Thu, 14 Mar 2019 10:56:52 +0000

We live in a dangerous world of increasing litigation. It’s time to consider your future, and the future of your family and your business. Putting assets into trust has long a favoured method of securing your assets such as, Company shares, property, cash, jewellery, boats, cars, planes etc, however as many of us have found out at a cost, using a trust can also be fraught with problems. The main problem With forming a trust is filling the position of the most essential party to the Trust, the trustee. In reality the trustee’s main duty is to work as of the Trust. How to protect your personal and business assets using an International Business Company and Asset Protection Trust?Asset Protection is essential to protect yourself against litigation for claims made against

businesses and professionals such as Doctors, Dentists, Cosmetic Surgeon, Accountants,
Lawyers and claims for damages against you as an individual or as a Director of a
Company. Ambulance chasing law firms who offer their services on ‘fee upon success’ basis is fuelling a huge increase in legal actions against anyone with assets.

Over the years an ever increasing number of entrepreneurs have developed good
businesses only to go bankrupt time and time again, mainly due to matters outside of their
control, such as interest rate increases. So how can people protect their personal and
business assets? The answer is the formation of an IBC (International Business Company)
— very often referred to as an SPV (Special Purpose Vehicle)
Recently we have engaged with a firm (AMCL) who offer the service of setting up
trusts/IBCs. They have been in business for 24 years and as such, they have a great deal
of expertise and experience to offer our clients. AMCL have always made it clear that they
are not in the ‘tax avoidance business’. They encourage clients to take maximum benefit
from the IBC Company (wrongly termed, offshore company) whilst remaining personally
tax compliant.

What Is An IBC Company?

IJnder the 1983 International Business Companies Act (IBC), an IBC Company can trade across international borders free of corporation tax and any local taxes such as Value Added Tax (VAT) in Europe. An IBC Company cannot trade in its home jurisdiction tax free, rather taxes (if applicable) are due in the home jurisdiction they will be charged at local rates.

Tax

As a rule, personal tax is due to be paid by the beneficial owner of the IBC Company on his or her personal profits earned as the beneficial owner of the Company. For example; I-JK clients can legally trade via their IBC Company, but are required by Her Majesty’s Revenue & Custom (HMRC) to pay taxes by self-declaration at the end of each tax year. We are not able to comment fully on taxation rules in other countries, but the general rule is the same in many countries, especially in Europe. Of course, if you are resident in a totally tax-free country, no personal taxes will be due. The clear advantage of using an IBC Company is the Company is free of Corporation Tax and local taxes such as VAT in Europe. We suggest you speak to a qualified accountant in your home jurisdiction if you are unclear of your tax liabilities or your tax affairs are complicated. The trust service company (AMCL) have several I-JK based accountants whom they work with on a regular basis. If you need help in this area, do not hesitate to contact us — we will gladly make the introduction. They make it clear to clients that they are not qualified to give tax advice, but they are of course aware of the general requirements as outlined above.

Bank Accounts

The trust service company whom we are engaged (AMCL) are licensed to a number of
International Banks and can provide Bank accounts for your new or existing I-JK or
International Company, with pre-approval before their fees are paid.

Choosing The Right Company Jurisdiction For Your Needs

Throughout the many years their trust service firm have been in business, they have worked in most of the worlds offshore jurisdictions, however today they work mostly in what they consider the best jurisdictions available. Many IBC Company jurisdictions have been tainted by bad so called ‘tax haven’ practices which have attracted the wrong sort of client to their shores. This includes many of the I-JK Crown Dependency countries. They favour certain jurisdictions located in different regions ranging from the LJAE, South America and Europe. Their recommended Company jurisdictions are born from many years of experience as Company Service Providers to suit every need and budget.

Bank Account Pre-Approval Service

Many clients tell them that they have purchased IBC Companies from othr organisations who failed to arrange a bank account for the proposed company. This is why they have introduced their bank account pre-approval service 4 years ago. The process is fast and efficient. After an initial application by email or telephone to their Company, they will send you a simple and clear form to complete and return to us with a copy of your passport. They ask you to view this application form as just a document of discussion between you and them. Once they have received the completed forms, they will apply to one of the banks they are licensed to for pre-approval. It is only after they have received approval from the bank that their fees are paid. This is a complete safeguard to protect our new clients. Many clients go for the cheapest option from some company on the internet; it’s usually a bad decision. If you feel that you could benefit from an IBC Company, please contact us and we will be happy to refer you to AMCL. Please note that we are acting as a referral service to AMCL so we won’t be involved in the intricacies of setting up an IBC company. This will be done between you and AMCL whom we are confident will be able to assist you.

Monetize A Bank Instrument – Monetizing Rated And Non Rated SBLC’s

Hubholz — Fri, 04 Jan 2019 08:47:37 +0000

Businesses have the option to monetize a bank instrument for credit. This will then allow businesses to have cash equity which will enable business owners to reinvest back into their business. There are a number of reasons why people choose to monetize bank instruments. One reason is to have the ability to use cash from the liquidated instrument to buy goods and trade them with minimal risk. Struggling businesses can use them as a way of raising money to invest in the operations.

We work alongside other financial institutions who can issue and monetise bank instruments. Bank instruments can be useful when starting up a business. You can either purchase or lease an SBLC and have the bank instrument cashed in (monetized) to provide capital for your business. As well, you can take it one step further and we can enter the monetized amount into trade to generate further funds. We have service providers who can facilitate in issuance of BG’s/SBLC’s, monetize and last but not least trade the monetized bank instruments. All of our service providers have a proven track record. using instruments to fulfill your capital requirements can be a less complicated method to meet your capital needs.

How To Monetize Bank Instruments

There are many types of banking instruments, the most common ones are; Bank Guarantees (BG) and StandBy Letter Of Credit (SBLC). Companies can also use Medium Term Notes (MTN) as a debt instrument. MTN’s were established as an alternative solution to short-term financing in the commercial paper market and long-term borrowing. Although all three are Widely used by high net worth investors as a wealth building option. All these different banking instruments can be monetized if the owner wishes to do so.

Monetize A Bank Instrument

If you are looking to monetize an SBLC, you may want to find a monetizer who can give you a decent LTV (loan to value) ratio. LTV’s are assessed by the strength of the security of the instrument and the banks credit worthiness. Before bank instruments are accepted by monetizers, they will often be checked for their legitimacy. This includes using programs to check documents, knowing exactly where the instrument came from and if the bank can verify where the instrument was issued from therm. Wording on the SBLC determines what the instrument can be used for. Just like Providers have their own ways of doing business, so do Monetizers. Monetizers prefer to monetize purchased SBLC’s verified from top 10 banks and some may require you to put the instrument into trade.

Non Recourse Bank Instruments

If you have a non recourse bank instrument, you may wish to get it monetized. HubHolzer Group are able to assist you, but there will be certain conditions set by monetisers. Some monetizers will require that certain wording is included in the MT760 to enable monetisation. Some bank instruments can be monetized but it has to be given to a trader which means the LTV can be fairly low; eg. some instruments can be monetised at 35 % LTV non-recourse.

Monetizing Non Rated Bank Instruments

In general, some monetisers keep away from non-rated bank instruments for the very reason that often these instruments are either fraudulant or are not worth the paper they are written on. Bank instruments such as SBLC’s have to be backed by collateral. That collateral would normally come from a client who holds a bank account within the issuing bank and will use their collateral to back an instrument. Non-rated banks however may not necessarily have the collateral to back the instrument thus deeming the SBLC worthless. Therefore monetisers tend to steer away from such instruments. That said however, there are some specialised service providers who will monetise non-rated bank instruments. Some will only monetize SBLC’s which have been issued by their ‘pre-approved’ network of non-rated banks whom they have pre-vetted to ensure that instruments which are issued from such banks have the collateral and wherewithal to issue the bank instrument. We have access to these very specialised monetisers.

Access Trade Platforms

Trade platforms can be used for many reasons. Some choose to use them to either build wealth or fund a project or business.

Trade Platform Facts

You may have heard about traders working in Banks, Hedge Funds and on Wall Street. There are elite traders you may not know about who work privately which can create such phenomenal returns. It’s not easy getting into such platforms, as the traders are very particular about who they let into the platforms. It is a privilage to get onto these platforms, not a given. Potential participants will have personal checks and balances done on them before entering such platforms. Checks can include: validity of passports, documents and sometimes a personal face-to-face interview with the trader. Our group deals in clean business only. We might run checks through interpol to make sure there’s no histo of mone launderin and previous criminal convictions. Copyfish

Trade Platforms For Businesses

Project Finance
Working capital/build cash reserves
Investment for growth and expansion •
Reduce debt and borrowing costs
Enhances company’s credit status
Make acquisitions