RIO DE JANEIRO, BRAZIL – An offshore portfolio bond is a useful structure for expatriates according to financial planners. This is often referred to as a ‘wrapper’ because all of your savings can be wrapped up inside one account and held with a financial institution. Amit Ramnani, director of Ipanema Wealth, an independent financial consultancy firm, discusses the concept of offshore portfolio bonds

Amit recommends that investment and tax advice, Ipanema Wealth, Rio de Janeiro, Brazil, Brazil News
Amit recommends that investment and tax advice are provided together, photo courtesy of Ipanema Wealth.

Ipanema Wealth Ltda is an integrated professional services group, providing consultancy services to individuals and corporates. Headquartered in Rio de Janeiro, Brazil, they have a global reach via our network of domestic and international partners and consultants across various disciplines.

Mr. Ramnani explains, “Security is important for those who are accumulating long-term wealth for retirement or sending kids to college. A select few offshore financial centers offer high levels of investor protection which is reassuring for the busy and mobile expatriate.”

The ‘Open architecture’ provided by offshore bonds, according to Ramnani, allows for maximum diversification. A wide range of assets from major global exchanges is available, such as mutual funds, hedge funds, ETFs and shares.

Ramnani continues to explain the tax benefits, “Offshore bonds allow the investor to roll up income and gains generated by the underlying assets without ongoing tax liabilities until an event, such as a withdrawal.” Amit warns “Such benefits are based on the individual’s residency and citizenship therefore we recommend that tax advice is sought.”

Having everything under one umbrella is a tidy way to manage your finances. “Assets are purchased and held via the financial institution so there is no extra form-filling and KYC each time you make changes to your portfolio”.

Disclaimer: Ipanema Wealth provides an advisory service and does not engage in capital markets or the selection of financial instruments. For more information, please submit a specific enquiry via their website here.

* This is a Sponsored article Ipanema Wealth.

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