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If you have wealth, it should be kept in a safe place: this is the maxim we all know. But which place is safe enough in the present-day world? This question is hard to answer in a matter of seconds as there are too many opportunities flashing before your eyes. However, an asset protection consultant who spent some time analyzing the market would tell you at once that the safest destination is Nevis.
How can this be that a small island is safer than large states with considerable resources? The answer lies in the question. The economy of island nations typically rests on two pillars: tourism and services. And Nevis managed to set up the best asset protection framework that we will describe in our post. If you want to delve deeper into the topic, go to our portal to find much more information.
Elements of Nevis asset protection framework:
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Legal system. It is as creditor-unfriendly as possible: there are very few cases when the claims from the outside are satisfied. You can rest assured that your ex-spouse or relatives will never get to your assets unless you agree to share them. How is it done?
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- Nevis courts will not accept court orders made outside Nevis. Your creditor will have to obtain a court order from a court in Nevis, which means going through the whole legal procedure again.
- You cannot file a claim to a Nevis court until you pay a deposit of $100,000, which is only refunded if you win. This deters most claimants.
- A Nevisian lawyer’s fee is quite high, and there are not so many of them available.
- Your opponent’s evidence must be really indisputable, corresponding to ‘beyond reasonable doubt’ standard in professional language. Any lawyer will tell you that it is really hard to do.
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Trusts. People used to keep their valuables in safety deposit boxes, and now assets are kept in a trust. Nevis trusts are the best with regard to safety and the degree of anonymity you get. This is an absolutely legal way to make your assets inaccessible for everyone but you, and many wealthy people use Nevis-based structures. How does it work?
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- You set up a trust and thus become its settlor. You can entrust the procedure to our experts as it is done online.
- You deposit your assets to an account and appoint a person (trustee) to manage them by acting according to your instructions.
- The general rules of assets management are stipulated in an official document called Trust Deed.
- You give up control and let the structure work for you. No one will find out it belongs to you as your name is not mentioned in any documents that are disclosed to the public.
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Offshore bank accounts. Nevis has a well-organized banking sector that puts your confidentiality and safety first. Nevis banks are sometimes reluctant to take new clients and are prone to making some thorough background checks. Our specialists help applicants prepare all the documents as we have studied the requirements very well. Once you are on board, you will appreciate the level and range of services.
As you see, this is a well-thought-out structure that will serve as a stronghold for your wealth. Far-sighted people like to keep things in order, including inheritance issues. By the way, there is no inheritance tax in Nevis, so many people use Nevis trusts as inheritance planning instruments.
Interested in the opportunity? Visit our portal using the link above and schedule a meeting with our experts.
