Additional protection and confidentiality is afforded through the use of nominees, who occupy the publicly recorded positions of ownership and control. Even when directors or owners are a matter of public record, nominee identities are the only ones which are divulged. Customarily, corporations are established at the maximum authorized share capital for which the minimum amount of duty is payable. It is critical that your activities remain within the law, whatever your particular political biases may be, or however unfair you may consider the laws of your home country to be. Operating within the law is what differentiates tax avoidance, which is legal, from tax evasion, which is not.
Many countries adopt a liberal stance regarding the placement of assets outside the jurisdiction.
Others, such as the United States are less lenient, and it is therefore important to confine activities within the enacted legislation, whatever personal or philosophical objection you may have toward compliance. If you are a United States citizen, you must consider the provisions of The Fraudulent Dispositions Act, before you become structured offshore. The Act stipulates that an effort to avoid creditors through the concealment of assets is illegal, and an IBC will afford no protection from collection efforts. Concealing assets in this way is a criminal offense and all secrecy privileges can be lost under such circumstances. Becoming structured offshore is a preventative measure and as such, when you have current creditors seeking collection, it is too late for an offshore remedy.