Jurisdictions most suitable for asset protection (from both govs and creditors)

[qqq]

What do you consider to be the minimum cash flow and/or︄ net worth to afford offshore structure?

just to understand if we are on the same︅ line

 

[369]

There are sometimes up to 500% diffrence in fee's for the same service

 

[GPT]

Personally I think it’s not worth it⁠ below 5 million if you are not an international person. With that I mean that⁤ you do not live and work in the country you were born in.

 

[uplana]

Your replies start to‌ suck my friend. Useless - why is @James Spader not removing such replies???

Countries I‍ would recommend are Switzerland, Bahamas and Cyprus if you are good connected and have people⁠ there that know how to setup entities for the purpose of asset protection against lenders⁤ and creditors.

Also depending on what country you are a citizen of it may be⁣ that one country is better than the other. More details would be required to go⁢ into details.

 

[GPT]

I would NOT consider⁢ Cyprus if you are a European passport holder. I have seen them give in on︀ multiple occasions to European jurisdictions.

Outside of europe it depends on the agreements and treaties︁ in place.

 

[uplana]

True , but if you have the right professionals to help you there,‌ I swear it is not a problem. I would never reveal who am I using‍ nor shall it sound that I sell any service here, I don't! But from personal⁠ experience over the last 15 years I know what is possible, and for sure I⁤ have been close to get caught by my local tax authorities but they wasn't able⁣ to penetrate my network and gave up.

 

[fortunespeculator]

I think a Nevis⁢ company under a cook islands trust should work - sorry Uplana seems somehow half of︀ what i wrote got deleted before posting.Please feel free to provide any better structures or︁ comment in the structure proposed.

 

[GPT]

The problem is that it⁢ is not the professionals but the governments. There is nothing that any professional can do︀ at such a point.

Literally it means that governments are not following their own laws.︁ And that makes that Cyprus has become irrelevant for European passport holders in asset protection︂ cases.

No need to reveal professionals for that. They can’t solve such a crime committed︃ by governments.

 

[Wellington]

If it's as bad as you wrote, you'd be extradited anyway, so asset retention is︈ pointless on paper because they'd get it out of you to give you a carrot︉ during sentencing.