These days, plenty of information on the offshore world and offshore services is available through the internet and other mass-media sources. Unfortunately, a significant amount is wholly misleading. Some websites try to “sell” offshore companies like they are supermarket products, which of course is not only ineffective but even harmful to your business and wealth. As a result of such misunderstanding and thus misuse of offshore structures, journalists present the offshore business world as fraudulent and evasive. But the reality is completely different as long as an offshore structure is incorporated following all the offshore jurisdiction’s rules and laws and is administered correctly in the long term.

Confidentiality is one of the most important elements that entrepreneurs look for today. In the majority of cases, a duly structured offshore company, trust, or foundation can provide a high level of confidentiality and thus be a solid basis for an effective asset protection strategy. If local and international authorities or private organizations tried to investigate your wealth situation for any reason, it would be difficult if not impossible for them to proceed when all your assets are being kept in a fully confidential way.

It is important to choose a professional fiduciary who can provide you with a full set of services necessary for your personalized asset protection scheme. Preferably, the consultant should be an international company able to keep all information on your case in a jurisdiction different from your country of citizenship and residency. In addition, the company should demonstrate that it has an organizational design that will ensure communication between you and selected company staff members only and that information on your case will be available only to them. A professional fiduciary should provide you with a full report with all provisions in place that guarantees your confidentiality and ensures that your case is managed with the maximum security and care.

You should also take several simple precautions that at a future date will be vital for your confidentiality. Telephone is not the most secure way of communication nowadays. It may be effective to use separate email addresses for separate business deals. It may also be useful to have the documents that address your asset protection strategy sent to a different address from your primary residence. These and other elements will be explained and recommended to you accordingly by a professional fiduciary.