After my post on Dominica being a Tax Haven and why itâ€™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 donâ€™t have any a valuable assets to protect. But itâ€™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.
If you are looking for information on how to protect your assets, Offshore Services, or getting a Tax shelter from excessive taxes, visit www.offshore-companies-in-dominica.com for more information about off shore services in Dominica.