Your First Offshore Investment Guide: Making A Success
The first thing you need to do when making an offshore investment is to determine how much you wish to invest: there is no point looking at institutions that require a minimum investment of $10,000 when all you want to invest is $1,000.
Now that you've figured out how much you want to invest, and where you can invest it, you need to choose the specific fund you wish to invest in. Make your selection by searching the Internet, reading offshore investment guides and publications, or by using an investment information provider. Do your research: check the fund's previous performance, management and assets. Monitor it for the next three to six months. Remember - don't rush into the investment. Once you're happy with your choice of fund, are able to make the minimum deposit, and can circumvent any jurisdictional issues, you're just one short step away from being ready to invest. First though, you need to determine whether you wish to use the services of a broker or attempt to go it alone. If you chose the broker method, then your next step is simply to call the broker, who will make all the necessary arrangements. If, however, you choose to go it alone, you need to request a current copy of the fund's prospectus so that you may begin the proper investment proceedings. Obtaining a prospectus from the fund is relatively easy: generally a faxed request should suffice. I've had the best results from a short request constructed in the following manner: Dear XXXXXXXXX, I am the investment administrator of a company domiciled in (insert tax haven here). Kind regards, I have used this type of letter on numerous occasions, and even when I used an Australian postal address, the funds still sent the prospectus - although it was accompanied by a letter stating that they were not authorized to deal with Australian residents, and so would be unable to take my investment. They included their account details, however, for informational purposes. And now we come to the fifth and final step - investing your money. Assuming that all criteria have been met and you wish to proceed with the investment, a bank draft is the easiest method of payment. Simply affix the check to the completed prospectus and send to the fund. Be advised that when organizing the bankers draft, using a bank with an international flavor will probably raise fewer questions. You should also know it would be imprudent to post the prospectus from a country that the fund is not authorized to deal with. These five simple steps are bound to give you your first offshore investment guide and make the experience an enjoyable one. Remember, the fund may still deal with you even if all their criteria are not met, but the method detailed above is still the simplest way to open an offshore account - without losing any sleep!
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