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From the Publisher's Desk, February 1999The past months have been interesting. Changes world-wide continue to rapidity decrease the number of 'rights to privacy' being allowed its citizens. The Channel Islands and the Isle of Man have been attacked strongly by the EU bureaucrats for being allowed to provide private banking facilities within the EU area without any exchange of account info to the EU tax authorities. We'll see them "cave-in" and yet again another loss of privacy down the tubes! Even computers and the chips inside will track every move we make. Digital camera's at airports and through out cities world-wide track every move we make. New and ever more heavy handed regulations world-wide even to open a simple bank account is getting to the point of being ridiculous. Governments have turned banks, airline's, store's, car dealer's and even real estate agents into their reporting slaves. Report 'this' or else, whatever the hell 'this' means? Numerous suppliers of privacy newsletters and products have retired due to pressure. What ever happened to FREE SPEECH? Ownership of PT Shamrock has changed hands and has stopped being a referral agent for ANY passport program! This supercede's any section of our web site that MAY state otherwise. Please do NOT ask us about acquiring passports. We do NOT sell passports and never have. If you are interested in this topic we suggest you purchase Dr. Charles Freeman's new book "How To Legally Obtain a 2nd Passport" or Scope's "The Passport Report" both available from us. We DO offer legal residency programs in Central America that after a residency period (a number of years,) may lead to citizenship and a passport. See our residency program section which can be acessed from our home page. Though PT Shamrock will for the time being maintain it's European business mail facility we will advise you of our future address change, if any. Luxembourg clearly will have to bow out of the personal 'private' foreign account holder business, they are clearly finding this a conflict of interest, considering their role within the EU infra-structure. Since the Labour Party came into power in the UK a few months ago, the GBP against the other EU currencies as provided a very good situation for using the GBP to make purchases or simply hold funds in the other EU currencies. The GBP against the French Franc has provided a 20% greater spending power for those Brits making the effort to cross The Channel. This cash holiday will not last, the interest rates for the GBP are on the up and up, party political games are gearing up to mess about with the disadvantaged. Exactly the same pattern as nearly 20 years ago. Confidence will fall, along with the Pound and some of us, that have seen this all before, will benefit from the chaos. Add to this the financial tidal waves that have started to make the East to West aftershock and those investors with the bottle will have an array of Blue Chip (deflated) opportunities to buy into. It would appear that government sniffers are trying to collect together details of persons that purchase PT books. If this is the case, and it probably is, the PT argument to make use of mail-drops is well justified. PLEASE: e-mail a copy of this to a friend. If you find our articles, books and reports interesting, let us know your comments. PT Shamrock Limited
Offshore World. Making use of Mail Drops
Tax Haven Review : Liechtenstein
A Liechtenstein body corporate or trust cannot undertake the business of Banking, Insurance, Assurance, Re-Insurance, Fund Management, Collective Investment Schemes or any other activity that would suggest as association with the Banking or Financial industries. The powers of Liechtenstein bodies corporate are contained in the Company's statutes, but may be defined in such a way to provide general powers. The language of the Legislation and Corporate documents is German, but foreign language translations can be obtained. A registered office must be maintained in the Principality of Liechtenstein and each body corporate or trust must appoint a local representative. Generally it takes about 15 working days for an incorporation to be completed. The minimum authorised issued and paid-up share capital for an Aktiengesellschaft is CHF 50,000. The minimum authorised issued and paid-up share capital for an Anstalt is CHF 30,000. The minimum authorised issued and paid-up capital for a Stiftung is CHF 30,000. The minimum authorised and paid-up capital for a Trust is CHF 30,000. The capital of all Liechtenstein Bodies Corporate or Trusts must be expressed in Swiss Francs. Taxation. An Aktiengesellschaft pays a 4% coupon tax on dividends and an annual capital tax of 0.1% on the net asset value of the company. the annual minimum is CHF 1,000. An Anstalt, whether commercial or non-commercial does not pay a coupon tax, but has to pay an annual capital tax of 0.1% on the net asset value of the company. The annual minimum is CHF 1,000. A Stiftung, whether registered or deposited, does not pay a coupon tax, but has to pay an annual capital tax of 0.1% on the net asset value of the company. The annual minimum is CHF 1,000. A Trust is not subject to tax or capital tax. Liechtenstein has only one double-taxation treaty, and that is with Austria. The concept of a company secretary is not recognised in the Principality of Liechtenstein, but the minimum number of directors and shareholders is one. There is no requirement for local meetings or the annual reporting of an Annual Return. However Corporations and Commercial Anstalts must submit accounts. This does not apply to Non-Commercial Anstalts.
Offshore Profile: For those of you interested in the haven location of Andorra the company known as Servissim run by Simon Binstead provides a very comprehensive range of services. Simon has been a resident of Andorra for a good many years and has been at the forefront of providing confidential and professional services to clients wishing to take advantage of the freedoms and investment opportunities afforded by this quiet unique location. Whether you are considering moving there to live, hold property for investment purposes, place part of your savings into a reliable tax-free deposit facility, or to make financial investments via Andorra, Servissim can be relied upon to provide you with all the information you need to know, good or bad. What services are available? The client services provided by Servissim break down into 5 categories:
To cover all of these services would fill this entire newsletter, so if you would like to find out more about Servissim and its range of client services in a lot more detail, contact Simon at the address below. SERVISSIM S.L. Telephone (+376) 837836 http://www.andorra-rentals.com
AYOC... Aircraft & Yacht Owners Communications Centre This drop is run for YOUR privacy! No ID is ever requested, even for their drops in the USA! Your confidentiality assured. The range of confidential and sophisticated services they offer the "PT" or offshore operator are found nowhere else, yet they charge one-tenth of the cost of their European competitors! They supply at no extra cost, your own Internet Lifetime Email address. It's yours to keep forever. Formerly, they provided Yachtsmen, Private Aircraft Owners and high net worth individuals a full service Executive Assistant Program. Now they are expanding and can offer even more. In fact, any service the customer desires can be arranged. These include record storage, encryption, voice and video conferencing. In addition invoicing, research, credit cards, safe deposit boxes, and nominee corporate directors. They have a special relationship with several Banks and provide introductions for confidential banking relationships. They can even help with visa, documents, 2nd passports and travel services-anything you can imagine and a few new wrinkles you haven't even thought of. Mail Drop Special:
European Union: An increasing number of Dutch and Belgian individuals are being targeted for holding foreign and/or numbered account facilities.
Passport Corner: The Parliament of Nevis has voted to breakaway from its present association with St. Kitts. This could very well effect the future prospects for their current joint passport programme. Cape Verde has terminated its economic citizenship programme, Uruguay has also terminated its residence-based passport programme under which an investor could obtain a 10 year passport ( but no citizenship ). Ireland has put its programme for an immediate Irish (EU) nationality by investing IRĀ£1 million in a failing business for seven years on hold. It is possible that a much restricted programme may be introduced, though not likely. Naturally the big hitters like Mr. Getty, grandson of the wealthly J. Paul Getty received his Irish passport AFTER the program was halted! A recent newspaper article stated it wasn't clear "WHO" received Mr. Getty's Million Pounds, politicans, the government or a business? Although the Belize economic citizenship programme is still going strong, Belize citizens no longer have visa-free travel to countries such as Canada and Switzerland. Grenada is giving out indications that it may move towards a change to its laws, so that a real citizenship programme can be implemented. FREE REPORT !!!
The 14th edition of the Passport Report. 60.00GBP ($100.USD) PT Shamrock Ltd. fax +353 1 633 5083 Contact Us
PERSPECTIVE on the TAKING OF RISK. Types of risk -- that you may have to consider. Ordinary market Risks.
Foreign Currency Risks.
Equity Risk.
It takes more than a general awareness and understanding of the various forms of risk, to maximise on the returns from any investment. In very simplistic terms if you are prepared to take the risk often required to produce a higher than normal return, only risk at the higher levels, what you can 'afford' to lose. This way you should always be in a position from which you can recover.
PRIVACY MALL: AUSTRIA. LIECHTENSTEIN. LUXEMBOURG. GERMANY. SWITZERLAND.
PRIVACY: New Identity Tactics.
Offshore Chat The upsurge in electronic wagering has alarmed the U.S. authorities who see it as a possible vehicle for organised crime and money laundering, particularly from Russia. Ansbacher bank is still reeling from it's clash with the IRS through its link with the Marine Midland Bank. The release of some Ansbacher client details to the IRS by Marine Midland staff has resulted in a severe warning from The Central Bank in the Bahamas. Ansbacher is, of course, a highly reputable institution, with some $2 billion under administration in the Bahamas alone. The case does however clearly identify a serious privacy risk for those holding large holdings of US$ that they do not wish the US authorities to know about. A recent issue of Forbes Magazine ran an interesting article quoting a prominent international tax attorney, who wished to remain anonymous, saying " I know two dozen people who have avoided The Forbes Four Hundred list by going offshore." The fact that this so-called anonymous individual made such a public statement in print would give me reason to be concerned about my 'privacy' if I were one of his clients. The whole idea of going offshore, should mean, completely offshore, and that means any tax advisors that you might use. Well it would not be a normal month if we did not find yet another dubious offshore investment scheme. A reader in New Zealand provided the low-down on this operation. The International Benevolence Fund Trust, ( what a name ) claims to be in Katrina Court, East Hill Place, Market Street North, Nassau, Bahamas and is offering the usual astronomical returns to investors. Firstly the trust is not registered, the provided phone number links you to an answering machine in Alabama. And the usual verbal garbage just goes to prove that greed still over-rules common sense and reason. Rumours are circulating that a directive from the British Foreign and Commonwealth Office in London was sent to Governor John Owen instructing the Cayman Islands to pass legislation allowing tax investigators from G7 countries to examine bank records. Government and business sources are denying that such a directive exists, but it is very likely that 'pressure' from the US prompted the UK to lean on the Cayman Islands governor. If these directives are forced through, it is very likely that apart from the Cayman Islands, the British Virgin Islands and the Turks and Caicos will be equally pressured. ( The G7 is made up of US, UK, Canada, Japan, Italy, France and Germany. ) International Trade and Investments Limited based in the Bahamas are having their next seminar on making the move offshore at The Atlantic Resort and Casino on the weekend of the 7th-8th February 1998. They can be contacted on the following numbers if you would like to receive full details about the event. The event, labelled "New Horizons", is being promoted as the "Ultimate Offshore Seminar." Tel: 1 - 242 - 356 - 2036 or 1 800 370 8921
Internet: Ditto for: Perrin Products Ltd. They have a web site to promote their wares: www.thebook.com/perrin. This company have a history of not delivering once they have taken your money. Beware the Global Prosperity Group, this is yet another pyramid scam / tax scam, that is causing some serious legal and tax evasion grief to those who fall for its con. In some circles it is believed that GPG is the new name for the slippery 'International Investors' operation. Give a wide berth to an individual calling himself Mr Bakker, and offering on the Net a licence to operate a Nauru bank at the knockdown price of $35,000. Ignore all claims that he is connected with the international group OCRA. Plus a further reminder to keep clear of the following scams that are currently active on the Internet.
An Internet Fraud Watch site can now be found at the following address: www.fraud.com. If any readers have experience of these operations, we would be pleased to hear from you.
The ULTRA PRIVACY Guide. The Ultra Privacy Guide helps you to understand the nature of the financial, business and personal threats and guides you to regain your levels of privacy. The solution is not to technologically regress, but rather to understand how widely information is gathered, brokered, disseminated, used and abused. The Ultra Privacy Guide will teach you HOW to take proactive and affirmative steps to reclaim your privacy. In addition, the Ultra Privacy Guide will erect a series of tax, legal and information barriers against future invasions by individuals, telemarketers and powerful government agencies. Learn about the government's role in information brokering, explore techniques to enhance and rebuild your personal, investment, business and financial security, you will also master the techniques of Privacy Countermeasures, including advanced computer and communications privacy. Finally, learn how to take advantage of "The Platinum Privacy Option". For more information on how to order the Ultra Privacy Guide contact the National Asset Protection Institute at: National Asset Protection Institute
COMPUTER PRIVACY Although reliable sources of information have been used in gathering material for this section, neither the author, publisher nor distributor can accept any liability for the accuracy of its contents nor the consequences of any reliance placed upon it.
To read some of our previous "missives" just click here for our archive! Thank you for visiting. |
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