20 Questions
A look at the consequences of the wrong international structure
 
By:
Marquis Circle
Date:
05/12/2000


20 Questions to help set up Offshore Trusts, IBCs, Visa Cards and Bank Accounts to achive maximum privacy and security.

About your IBC:
    1. Are you one of the directors?
    2. Are you a nominee (President, VP, Secretary, or Treasurer?
    3. Are you the holder of any bearer shares of the IBC?
    4. Do you receive company documents at your home or mailing address?
    5. Do you have a bank account attached to the IBC?


About your offshore trust:
    1. Are you one of the trustees?
    2. Are you the grantor, creator, or settlor?
    3. Do you have any assets held in trust?
    4. Are you one of the beneficiaries?
    5. Do you have a debit card attached to the trust?


About your international visa/debit card:
    1. Is your SSN# or SIN# attached to the card?
    2. Do you use a domestic clearing house?
    3. Do you use fax or phone to send or request info about your card?
    4. Do you make major purchases with the card?
    5. Do you show your state UID when using the card in public places?


About your offshore bank account:
    1. Did you use your state ID to set up the account?
    2. Are you personally the signatory on the account?
    3. Are you the sole owner of the account?
    4. Do you personally write checks drawn on the bank account?
    5. Is your mailing or home address attached to the bank account?


If you answered Yes to any of these questions then you could be in danger of being targeted by your local tax collection agency for engaging in premeditated tax evasion.

20 Answers: A look at the power of a strong international structure

About your IBC:
    1. Do not become a director of any IBC but assign a foreign person.
    2. Do not become a nominee of any IBC but assign a foreign person.
    3. Do not hold any bearer shares of any IBC, they should be held by a private interest foundation or a Corporation Sole.
    4. Do not receive any company documents at your home or mailing address.
    5. Do not own a bank account which is attached to any IBC.


About your offshore trust:
    1. Do not become a trustee but rather assign foreign persons.
    2. Do not become the grantor, creator, or settlor but assign foreign persons.
    3. Do not have any assets held in any trust.
    4. Do not become the beneficiary of any trust.
    5. Do not have a debit card attached to the trust.


About your international visa/debit card:
    1. Do not use your SSN# or SIN# to obtain any card.
    2. Do not use a domestic clearing house to process cash or checks. Use foreign clearing facility.
    3. Do not use your fax or phone to send or request info about your card. Use encrypted email or secure web.
    4. Do not make major purchases with the card. Purchases should be made by an IBC, or Corporation Sole.
    5. Do not use your state issued ID when using any card in public places. Instead use a legal alternate ID.


About your offshore bank account:
    1. Do not use your state ID to set up any offshore account. Don't give in to pressure from any offshore organization.
    2. Do not become the sole signatory on the account.
    3. Do not become the sole or partial of any offshore account.
    4. Do not write checks drawn off of any offshore bank account.
    5. Do not use your mailing or home address attached to the bank account.


Source: Marquis Circle, Bahamas


Source:
Marquis Circle, Bahamas
Reports:
Pirates of the Caribbean: Offshore Traps


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