Wealth management often involves offshore financial business transactions. Offshore companies and structures can be used for various purposes and offer advantages not available to companies incorporated in local jurisdictions. Lexico Business Solutions administers structures and international business companies incorporated in more than 20 jurisdictions. Our reputation for expert knowledge and excellence is founded on more than 15 years of “succession and trusts in wealth management” [Lee, C. (2017) The Rockwills Guide to Succession and Trusts in Wealth Management (3rd ed.). Singapore: Rockwills Institute Pte Ltd.
It is important to first define the term offshore. An individual or business goes “offshore” by moving some “assets abroad and carrying out transactions outside his home country. In the recent past, the motive for this was that the services and products offered through an offshore centre could be a better alternative for the client’s pursuit of wealth maximisation or tax minimisation.”
It is common knowledge that a Singapore company is a springboard to the rest of the world pertaining to investments and tax planning matters. This is largely due to the tax treaties established between Singapore and other jurisdictions such as the Double Tax Agreements (DTA).
To leverage on the benefits of a Singapore company, our qualified and experienced company secretaries will assist you with personalised corporate secretarial advice and services, including:
Where assets privacy is a concern, the use of offshore companies is a sensible choice of arrangement. Wealth structures in offshore jurisdictions are often free from foreign exchange controls thereby allowing further protection of assets, along with minimal or no reporting and tax benefits.
Many jurisdictions and territories have offshore financial centres (OFCs) and popular centres include the following:
It is useful to note that the regulatory standards and transparency of each OFC differ. It is hence important to partner with a reliable organisation knowledgeable in jurisdictions and experienced in a variety of offshore incorporation and management.
Our trusted specialists will advise and see through the process to complete offshore investment structures and plans in the following while keeping the running costs low:
We uphold the highest confidentiality standards when dealing with our clients. We will maintain anonymity for our clients and will not divulge any information to any third party without prior consent.
Lexico Business Solutions also provides specialised company management and corporate secretarial services to free your time from the mundane duties to be focused on achieving their business goals.