JacobsReport
on International Financial Planning
The JacobsReport is a free email newsletter that will discuss investment, business, tax and financial planning in an international context. Reports will be issued as the author's work schedule permits, but will usually be issued on a weekly schedule.  

Due Diligence for Offshore Investors

One of the more difficult tasks for the offshore investor is to investigate potential service providers outside the U.S. U.S. investors are accustomed to being able to get a wealth of information about companies and even individuals with little cost or effort. This is largely due to the virtual absence of any privacy in the U.S. Outside the U.S. privacy is more valued and sought. The greater privacy results in greater difficulty in doing "due diligence" to investigate potential investments and service providers. But, the conditions that make it more difficult to investigate offshore vendors make it more appealing to crooks and scoundrels.

I haven't found a totally satisfactory solution yet, but there are some resources on the Internet that provide varying degrees of information about international companies. An extensive article on the subject is available online at http://www.offshorepress.com/duediligence.htm

Vern Jacobs
The Jacobs Report

http://finance.groups.yahoo.com/group/JacobsReport/
www.offshorepress.com
www.vernonjacobs.com

 

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Copyright 2007, Vernon K. Jacobs
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Information in the Jacobs Report is educational in nature and deals with various tax or asset protection laws but not how those laws apply to any specific person or company. Readers should seek advice from a qualified professional for tax, legal or investment advice.
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