In Nevis the statute of limitation for civil suits is one year. No legitimate offshore jurisdiction will allow reports to be provided any third-party in suit, or governmental inquiry, regarding a corporation s banking, investments, holdings or other financial activities. Premier offshore jurisdictions are less business invasive allowing for aggressive and unrestrained enterprise with lower overhead. An offshore company may be used to segregate high-risk investments from other more secure holdings. An offshore structure may be used as an effective prenuptial agreement.
Offshore entities can protect retirement funds from possible bankruptcy or other legal conflicts.
Informed estate planners know that offshore structures can provide the most effective mechanisms for the transfer of assets to the next generation in an efficient and discreet fashion. By transferring assets out of harm's way, different types of insurance costs may be substantially reduced, or one may receive substantial premium sharing with one s own offshore captive underwriter. An offshore corporation can secure debit or credit cards with paper and electronic records maintained offshore protected by Privacy Statutes thereby providing confidentiality in ATM and credit card use. An offshore corporation used in conjunction with a carefully structured plan may be able to legally defer, and sometimes completely avoid, domestic federal income taxes. The reasonable expectation, when one learns that an entity is engaged offshore, is that it is there for honest economic reasons, buttressed by whatever advantages privacy holds.