Offshore Foundation Asset Protection

An offshore foundation might be a fantastic legal tool to help you save money on taxes and safeguard your assets. Additionally, it's incredibly practical for wealth preservation, asset protection, and estate planning. Here we will discuss the overall construction, different types of offshore structures, and even a glimpse into offshore wind turbine foundations.   What is an offshore foundation? A legal entity established in a jurisdiction other than the owner's native country is known as an offshore foundation. An offshore foundation is organised as a legal person with assets and a specific purpose, such as asset protection, estate planning, or philanthropy, in contrast to typical businesses. Instead of having owners or shareholders, offshore foundations are founded by a founder who may designate a council to oversee the organisation. An offshore foundation is the legal setting whereby one can hold assets. Such an arrangement makes high-net-worth people, companies, and