Overview
The video provides an overview of the Cook Islands Trust structure for asset protection, detailing its components, benefits, and legal compliance considerations for businesses seeking privacy and effective wealth management.
Introduction to Cook Islands Trust
- Cook Islands Trust is presented as a premier option for asset protection and privacy.
- Trusts are highly referenced in notable legal cases and are suitable for complex or simple client needs.
Structural Components of the Trust Setup
- The trust owns life insurance policies, assisting with wealth management and estate planning.
- A BVI (British Virgin Islands) LLC serves as a central entity, holding both active and passive income.
- Active income can be managed through Hong Kong or Wyoming LLCs; Hong Kong offers tax exemptions and minimal corporate taxes.
- Multiple LLCs may be used for different streams of active income, such as e-commerce.
- Passive income, including crypto or property portfolios, can be held in Bermuda or Cayman Islands entities to leverage low or zero tax rates.
Additional Jurisdictions and Compliance
- Nevis entities may be incorporated for additional asset protection and equity stripping, supporting privacy and tax efficiency.
- All components are overseen by a Jersey Foundation to ensure full legal compliance and governance.
- Importance of compliance is emphasized to avoid legal risks associated with improper offshore setups.
Payroll and Beneficiaries
- The structure allows for compliant payroll distribution to owners or beneficiaries, supporting estate planning objectives.
Legal and Professional Considerations
- The system is designed for both large (20-50+ million USD) and smaller businesses, with tailored solutions available.
- Compliance, legality, and governance are repeatedly underscored as non-negotiable aspects of the setup.
- The speaker reiterates that the content is informational, not financial advice.
Forward Point Solutions Overview
- The presenter represents Forward Point Solutions, an offshore and fintech services provider.
- Services span from trust formation to private banking, with over 100 clients served.
- Clients are offered step-by-step, compliant service regardless of company size.
Recommendations / Advice
- Consultation with professionals is recommended before proceeding with trust setup.
- Contact information is provided for personalized guidance and structure customization.