| Most individuals these days wish to pay as | | | | - You cannot open an account until you have |
| few taxes as possible that are imposed on | | | | signed and read the risk disclosure |
| them by their country's respective laws. | | | | statement, which states you understand the |
| Offshore brokerage accounts held under an IBC | | | | risks involved in trading. |
| company can allow investors to trade in a | | | | |
| private tax-free setting. | | | | - You may be required to sign a binding |
| | | | statement wherein you are responsible for |
| Most offshore financial institutions handle | | | | paying for any losses incurred in the course |
| their own incorporation of offshore | | | | of trading. |
| companies. The financial institution will | | | | |
| send you all the brokerage details including | | | | - An account agreement must be signed |
| the IBC incorporation documents and banking | | | | outlining how this account will be handled. |
| documents. You can also use your IBC account | | | | |
| to trade in U.S. and international markets in | | | | - You must submit a copy of your government |
| trading accounts such as stocks, currencies, | | | | issued identification, including your |
| bonds, CFD and Forex. | | | | passport, to verify signatures and your |
| | | | identity are verifiable. |
| In opening an offshore brokerage account, you | | | | |
| generally have two options: | | | | - If you are a corporate account holder, you |
| | | | are required to designate your signatory who |
| - Open a mainland discount brokerage account | | | | will sign all relevant corporation documents |
| in the same name as you have set up with your | | | | and you will be required to furnish the |
| offshore IBC. You will enjoy all the | | | | following documents: |
| benefits of trading openly in the U.S., | | | | |
| however not with the same level of privacy | | | | - Article of incorporation |
| that an offshore brokerage account would | | | | |
| offer you. | | | | - Certificate of good standing |
| | | | |
| - Open an offshore brokerage account under | | | | - Copy of minutes whereby authorization is |
| your IBC for complete confidential offshore | | | | given for opening the account |
| trading. | | | | |
| | | | - Audited financial statements |
| There are seven different types of offshore | | | | |
| brokerage accounts: | | | | - Signed risk disclosure |
| | | | |
| - Individual and joint | | | | An offshore brokerage account affords you the |
| | | | benefit of stock trading in a private |
| - Corporate | | | | tax-free setting. When you hold an offshore |
| | | | brokerage account under an IBC account name, |
| - Trust | | | | you are not only ensured the highest level of |
| | | | privacy and confidentiality, but also the |
| - Partnership | | | | advantages of a tax-free trading status. Any |
| | | | trades placed under an IBC account name will |
| - Individual retirement | | | | be private and tax-free ensuring you the |
| | | | ability to achieve vast fortunes offshore. |
| - Custodian | | | | |
| | | | An IBC also affords you the highest level of |
| - Power of Attorney | | | | anonymity as your account is treated as a |
| | | | foreign entity, provided you do not open an |
| Setting up an offshore brokerage account can | | | | office or conduct business in your home |
| involve different processes imposed by | | | | country using your IBC name. |
| different agents, but most steps are similar | | | | |
| in nature to other brokerage agencies: | | | | Opening an offshore brokerage account opens |
| | | | up an international trading market that will |
| - You must meet the financial requirements | | | | allow you to enjoy endless financial |
| set out by your agent. | | | | investment markets all while operating in a |
| | | | completely tax-free jurisdiction. |