Reprinted from Explore Costa Rica.com
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Investments
Asset Protection / Liability Avoidance, Costa Rica
By Edmund J. Pankau
Mar 9, 2007, 16:05

 
If you make the big bucks and want to keep them, or if you plan to get there someday, this is another reason to consider the lure of offshore.
 
Many of the Caribbean Islands and several mainland governments, such as Panama, Belize and Costa Rica have seen the light to their economic future in offering wealthy investors and high-risk entrepreneurs the ability to shelter their assets and lower their taxable income through financial friendly trusts, corporations, banking institutions and government legislation.
 
If Leona Helmsly had set up her business empire through an offshore holding company, the IRS would not have had a prayer of putting her in jail.  Why? Because, they wouldn’t be able to touch these incriminating documents, they wouldn’t be able to trace her financial transactions beyond the US and, if she had taken citizenship from one of these friendly financial havens, they wouldn’t even have jurisdiction over her body.  (Sorry Leona, see me when you get out).

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