Offshore Protection: Why Covid-19 May Leave Assets Exposed
Posted on August 05, 2020Receive an Asset Protection Offshore Plan
PANAMA CITY – July 31 2020 – Living in an a time of uncertainty makes future proofing your assets essential. Having a financial plan in place guarantees you will not be left unprepared for what tomorrow might bring.
Forming an offshore protection strategy is about securing your assets for the future. Today it is easier than ever to secure that future using an overseas account. An offshore bank account gives you privacy, spreads your risk, and diversifying your assets. Offshore Protection provides the offshore strategies you need to survive tomorrow.
Financial diversification is to ensure all your eggs are not held in the same basket. The solution; have more than one basket. Offshore diversification strategies spread your eggs across several accounts, in different currencies and countries. Offshore diversification is the single most effective strategy to safeguard your wealth for tomorrow.
Having your assets in a separate banking system provides a measure of security that protects against domestic issues such as currency fluctuation, political uncertainty and economic downturn.
Forming an offshore trust or creating a LLC is also used as means to protect assets that may be exposed to unnecessary levels of risk. They provide additional levels of protection, confidentiality and security through proper offshore structuring that separates an individual from a group of assets.
Uncertainty is perhaps the greatest destabilising force that can break havoc on banks, markets and the economy. Without the assurances of tomorrow people lose their trust in institutions. While accounts, trusts and currency can help to minimise the damage of any uncertainty, perhaps the greatest tool for freedom is a second passport.
A second passport gives you the freedom to chose your future whatever the circumstances by ensuring you more travel options and most importantly a second country where you are treated like a first class citizen.
Your life is exposed to unnecessary levels of risk when it is kept all together within a single single banking institution, currency denomination or geographical area. The consequences can be sudden and devastating. The current crises is might just be an early warning sign of whats to come. Everything happens in cycles and the last downturn of 2008 the entire world felt the repercussions of an unstable banking industry. What uncertainty might be around the corner?
An offshore protection plan is about preparation. Preparing yourself for whatever may come by creating a strategy that suits your individual circumstances and the needs of the day.
About Offshore Protection
Offshore Protection is an offshore service and law centre based in Panama City and has helped thousand of clients since 1996 specialising in multi-jurisdictional offshore solutions.
Offshore Protection offers everything you need to secure your offshore future, including company formations, offshore accounts, financial licenses, crypto licenses, offshore trusts and foundations as well as second passports. Offshore Protection has over 20 years of experience conducting business in over 35 jurisdictions offering tailor-made offshore solutions.