Dominica Island Blog: Sharing Every Dominican Moment with the World

After my post on Dominica being a Tax Haven and why it’s good to have a Second Passport or Second Citizenship, I received a few emails, one of which asked - What Is Asset Protection? I had no idea what asset protection is, maybe is because I don’t have any a valuable assets to protect. But it’s never too late to learn something new and you never know I might just own some assets.

It is a transfer of the ownership of your assets (investments, property, savings, etc) from an individual to a legal entity, an offshore company in this case. That way you are no longer the owner of your assets and it is much more difficult to be successful in suing you. But you are still in full control of that company.

Basically, it’s kind of like having your cake and eating it.

For more information about Asset Protection and Offshore Services in Dominica, please visit:www.jtc-advisory-service.com.

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