The Advantages of using BVI in an Ecomomic Downturn

Mark J. Forté, Bernadette Carey • Posted 29/09/2009 • Under Articles

The Advantages Of Using Bvi In These Difficult Times Of Global Economic Slowdown And Market Volatility

The largely unprecedented events in the global financial markets over the past twelve months have resulted in one of the most widely felt and multi-layered crises of our time. As part of the fall-out, the spotlight has inevitably been turned on offshore financial centres and many have been quick to label such jurisdictions as key contributors to the current economic difficulties faced by all. For the holders of the mass of private wealth that exists globally, the ability to legitimately preserve and protect personal assets in a convenient, private, and secure manner using these offshore financial centres may now seem to be under threat. With such jurisdictions placed under intense scrutiny in these difficult times, some have asked whether there remain any advantages to using offshore financial centres to achieve asset protection and succession planning goals.