When it comes to protecting your assets, one of the fundamental tools is a private bank account. We work with the safest and most secure offshore banks in the world and we are an eligible introducer for Switzerland’s strongest banks. Typically your banking account will be opened in the name of a private offshore company, offering an additional layer of financial protection.
Each individual’s need for asset protection is different and should be handled before the legal need arises. There are many tools available from simply gaining a huge level of privacy to “judgment proof” asset protection vehicles. It is important that you consult with a professional to discuss options and understand the mechanics of these asset protection tools and how they can protect you and your family’s wealth.
You can open a bank account offshore as part of your asset protection plan with very small minimum deposits. Swiss banking accounts have higher minimum deposit amounts and are recommended for large liquid assets.
Financial Privacy and Asset Protection
Privacy is an important factor when protecting your assets, in most cases a legal opponent will perform an asset search which is a public records query for things you own, register or insure – your assets, such as homes, cars, boats and financial accounts. When a legal opponent cannot find something within immediate reach, it is the first line of defense in avoiding a frivolous lawsuit. No matter who wins or loses a legal battle, the only winners are the attorneys. A lawsuit can cost tens or hundreds of thousands of dollars, in which case, even if you prevail in court, you are out-of-pocket on your legal costs. Privacy helps detour unethical creditors.