Title: Welcome to Abaco Ltd
1Welcome to Abaco Ltd
We are an international Service Provider. We
arrange for the incorporation of International
Business Companies (IBCs) in the most desirable
jurisdictions around the world. We do so through
a network of highly trained and experienced
Registered Agents in the best available
jurisdictions. The process is both reliable and
fast.
2Abaco formation, Worldwide Incorporation Services
It is completely legal to have an International
Business Company (IBC), Limited Liability Company
(LLC), trust, foundation, bank accounts and
credit card accounts. You cannot be sued or
prosecuted for simply owning any of these. You
may own any or all of them without fear or guilt.
Tax avoidance is legal, while tax evasion is not.
You have a personal responsibility to legally
avoid paying any more in taxes than is necessary
under the law. So said Judge Learned Hand.
3- IBCS
- (INTERNATIONAL BUSINESS COMPANIES)
An IBC (abbreviation for International Business
Company) is a company that is registered and
based in an offshore jurisdiction. The term
International Business Company is used to
describe it because it is formed in a
jurisdiction that is outside one of the major
industrialized countries. It usually carries
certain benefits, including income tax, privacy,
and financial as well as security benefits. When
you form an IBC, you are generally in complete
control of the assets of the IBC, in control of
its bank accounts and of all transactions done by
the company. The income to the IBC is sometimes
taxable in the country where the beneficial owner
lives, immediately it is earned. This differs
from income that you earn through shares
purchased in a company in your homeland. The
general rule for such shares is that you have a
taxable event only when you receive distributions
in the form of dividends. In the case of the
IBC, you may be taxable in some countries of
domicile, even if you have not repatriated (i.e.
brought home) any of the income. In others you
may not be. Although the provision of Bearer
Shares could enable the owner of an IBC to
conceal earnings through the IBC, it is evasion
of taxes to fail to report and pay taxes in ones
homeland and could carry serious penalties.
4Services offered by Abaco Ltd
- IBCs
- Trusts
- Your Own Offshore International Banks
- Insurance Companies
- Mutual Funds
- Bank/Credit Card Accounts
- St. Vincent the Grenadines
5ASSET PROTECTION TRUSTS
As the world economic situation totters on the
brink of a cliff, with the World Bank predicting
food riots worldwide due to increasing food
prices and the banking infrastructure faces an
imminent impending crisis, desperate people will
do anything to eat and maintain their wellbeing.
Much of the world is just nine meals (three days)
away from lawlessness and uncivilized behavior.
6Your own offshore international bank
We can arrange the setting up of your own
offshore international bank in any of a number
countries, including our personal
recommendations, namely St. Vincent the
Grenadines and Dominica, both in the
Caribbean. Offshore international banks have
remained relatively stable while banks in the
developed world have experienced all kinds of
trauma in recent years because banks in the
developing world have not exposed themselves to
the toxic debts that have devastated the banks in
the developed countries. Offshore international
banks are less likely to be involved in money
laundering and the financing of terrorism than
the banks of Europe and America, in spite of
attempts to stigmatize them with such labels.
This has been so while these offshore banks have
been operating creditably in the mainstream of
international finance.
7Your own offshore insurance company
As a rule insurance companies are more stable
than banks. The reason is that they receive
premium payments at regular intervals and arrange
their business in such a manner that their
payouts in claims are generally lower than their
income. The most obvious exceptions are when
disasters strike unexpectedly as in the oil spill
in the Gulf of Mexico and the meltdown at the
Fukoshima nuclear reactor in Japan. An offshore
insurance company is a viable alternative to a
domestic insurance company. Your offshore
insurance company may be unrestricted or
restricted. The unrestricted insurance company is
called a General Insurance Company. Such a
company has a wider range of permissible
investment opportunities. The restricted is
called a Captive Insurance Company. It is an
excellent vehicle where a business wishes to
self-insure its employees and/or activities. It
is especially attractive for a company owning
several medical clinics or where several
physicians, dentists or other medical
professionals form a co-operative and insure
their practices through their own captive
insurance company.
8your own offshore mutual fund and/or hedge fund
- A good alternative to an offshore international
bank is an Offshore Mutual Fund or an Offshore
Hedge Fund. Such a fund will not offer all the
services of a bank, but will concentrate on
investing the funds of clients and/or ones
family. It offers investment possibilities that
are global and unrestricted in scope. A Hedge
Fund normally concentrates on preserving capital
while seeking income. - The company formed to apply for the Mutual Fund
or Hedge Fund license may be an International
Business Company (IBC), Limited Liability Company
(LLC), Segregated Cell Company or Unit Trust,
depending on the structures permitted in the
jurisdiction. - Abaco Ltd is a global force in arranging
international vehicles for investment and can
arrange for the set up of such funds in a number
or jurisdictions around the world. Our current
recommended locations for such vehicles are the
British Virgin Islands (BVI) and St. Vincent
the Grenadines (SVG). - We are able to arrange for the production of
offerings or prospectuses, where required, for
the appointment of directors, the licensing of
investment companies and administration companies
as required by the regulatory authorities as
providers of necessary services to the Mutual
Fund.
9Bank/Credit Card Accounts
- You are strongly advised to keep some of your
funds in a jurisdiction other than the one in
which you live. The reason is that with the
increasing financial crises in most of the
developed world, you can expect stricter controls
on how much cash you can take out of your country
and even send out of your country. - If you need to travel abroad for less expensive
medical treatment (as to India for example) or
you wish to go on vacation or to visit family
overseas, or to take care of business, it would
be a definite advantage to have funds parked in a
safe bank outside or your country which you can
access by bank wire, by Western Union/Money Gram,
or at an ATM. - IBCs Now can set up an account for you in the
Caribbean or Europe or Asia that can make your
life a whole lot more secure. Please contact us
at info_at_abacoltd.com
10ABACO Ltd. The Financial Services Centre P.O. Box
1817 Stoney Ground, Kingstown, VC0100 St. Vincent
the Grenadines Tel. 784-457-5595 Email
info_at_abacoltd.com
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