From the moment of taking ownership of capital or property, any individual or company may be faced with the necessity of protecting a varied assortment of asset types. Asset protection may be achieved with the help of an insurance policy against a range of accidents, but we would like to address here the financial side of asset protection that will allow you to maximize the value of your assets and returns deriving from them.

Asset protection is a field in which asset owners often try to find and implement an asset protection scheme on their own. Although this means that they are fully aware that their assets need to be protected and retained in the most confidential way, an effective asset protection scheme is almost never a do-it-yourself product.

Insurance policies, pension schemes, offshore company creation, the formation of trusts or foundations, and the use of fiduciary services of reputable companies may be effective only when structured and managed in an appropriate way in the most suitable country for each particular case. An asset protection scheme should address all direct and indirect threats and must also be effective in the worst-case scenario when a threat is verified.

An asset protection scheme should also address tax planning elements and ensure an effective tax optimization strategy. If you wish to transfer assets to your children, it may be more cost-effective to do so in a country that does not impose gift or inheritance taxes, rather than in your native country, where you would automatically be liable to pay a large sum of money on such a transaction. At the same time, it is important to analyse whether you, as a resident and citizen of a given country, may or may not use a corporate structure of another jurisdiction in a cost-effective and confidential manner. This is why all asset protection schemes must be explored by professionals within the sector and must address all the particulars of your situation.