Everything You Need To Know About Offshore Mail Redirection
Have you found that it's difficult to gain access to an offshore account without a whole lot of interference from various parties? If so, and you want an easier way to gain access to offshore investments without raising too many questions from funds, then this article is for you. Simply put, what you need is an offshore mail redirection service, also known as a mail drop. I believe that the term 'mail drop' tends to conjure up negative connotations, so for the purposes of this article, we'll refer to it as an offshore mail redirection service. The way this service works is that you pay a joining fee to become a client, while at the same time lodging a bond to cover mail redirection postage fees.
a. You now have an offshore mailing address - which means, to the fund, that you are really a resident of Vanuatu or at least have an address in that jurisdiction. Remember - it's perfectly legal to invest offshore; it's only illegal for a fund not authorized in a particular jurisdiction to take investments from that jurisdiction. b. By possessing an offshore address, you do not necessarily require the use of an offshore structure when first starting out. This being the case, you'll have more money to invest, because a significant portion of your capital won't be eaten up in set-up costs. c. The use of the offshore mail redirection service ensures that the appropriate postmark will appear on all correspondence to the fund. So how does it work? Assuming you have selected and set up your offshore mail redirection service, when you have decided upon a particular investment of interest, you fax a letter of request to the fund of your choice, using your offshore mail redirection services address as your postal address. Dear XXXXXXXXX, I am the investment administrator of a company domiciled in (insert favorable jurisdiction here). I would appreciate a current copy of your prospectus so that I may invest in your fund. My mailing address is
Kind regards, XXXXXXXX The mail redirection service receives the prospectus; they then place a nondescript envelope around it and forward it to you. Once you've received the prospectus, you fill it out. Attach the bank draft or money order, which is then placed in an envelope and addressed to the fund. Please note that you do not affix the stamps to this envelope. Place the envelope addressed to the fund inside another envelope that is addressed to the offshore mail redirection service. Post the envelope - and there you go, you've just about made your offshore investment! When the offshore mail redirection service receives your envelope, they open it and, finding a second envelope addressed to the fund, attach the appropriate stamps and send the prospectus to the fund. When the fund receives the completed prospectus with the bank draft attached, your investment is completed. All correspondence from the fund, such as statements or dividend cheques, is sent to the offshore mail redirection service, and then forwarded to you. So now you know everything you need to know about offshore mail redirection services, and how such a service can help to make your forays into offshore investment easier, smoother, and more private.
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