Headquarter

Baltikums
（ラトビア共和国領事館　準備室）
1-4-14 Tamatsukuri,
Chuo-ku,
Osaka-City,
540-0004
JAPAN
(Postal mail only.Registered & parcels are accepted.)



Copyright 2001-2006 Baltikums All rights reserved.

What is "going offshore"? It is the utilization of out of country corporations, trusts, partnerships, banks, funds, management firms, to legally safeguard assets, minimize taxes, plan for the future and get involved in global investment opportunities. What are the mistakes people make when going offshore? Proper structuring and managing of investments and transactions is the key to successful offshore investing. Improperly structuring and managing investments can result in lower investment returns, significant risks, unnecessary tax liabilities and even civil and criminal penalties for the International Investor. This is why it is imperative to have a qualified professional structure your offshore program and then invest only with established and reputable banks, brokers, and financial service providers when investing offshore. Isn’t it illegal to move assets offshore or have "offshore bank accounts" ? There is nothing illegal about moving assets almost anywhere in the world. It is legal have accounts, funds, reserves, liabilities, assets etc almost anywhere in the world. When you do not declare assets or profits, that should be declared according to your domestic tax code, (IRS, Revenue Canada, Inland Revenue etc), you are subject to certain penalties and fines or more. The key elements are if the assets and profits are "reportable items" in that current year. What are the mistakes that could involve civil and criminal penalties? There are many International Investors, who have established offshore accounts and investments through unqualified individuals and organizations, whose accounts and investments have not been structured properly to enable avoidance and/or deferral of taxation. Investors with improperly structured accounts and investments must report various accounts and investments and pay taxes required by tax laws. Many investors are unknowingly (some perhaps knowingly) in violation of these laws. The risks and penalties resulting from improper structuring and reporting underscores the importance of establishing an International Structure with qualified professionals not just using promoters. Why are there a lot of investors with improperly structured accounts? There has been an explosion of offshore investment activity in the last few years as small investors are becoming more aware of the opportunities and benefits of International Investing. Many individuals and organizations are exploiting this situation (there are even Multi-Level Marketing Companies who are offering offshore investment programs). Unfortunately, many, perhaps most, of these programs are outdated and no longer enable compliance with recent tax laws to allow legal avoidance or deferral of taxes. Some of these individuals and organizations are offering programs based on a two or three tiered trust structure that no longer provides tax avoidance or deferral because of U.S tax law changes made in 1996. Or using special trust arrangements that do not conform to "real life" rules and parameters. Or do not meet current tax and asset reporting requirements in the country of the taxpayer/resident. Other programs are being offered which consist of an offshore company, known as an International Business Corporation (IBC), incorporated in a tax haven with bearer shares and nominee shareholders. This structure alone does not provide legal avoidance or deferral of taxes. Typically, these arrangements have a bank account that receives little or no interest. You can draw money from the account by writing a check, wire transfer, or using a Visa, ATM or Bank Debit Card. Usually there are transaction fees and monthly and/or annual maintenance fees on these types of programs and accounts. Many people who have purchased these types of programs are mistakenly not reporting these transactions and accounts nor paying required taxes on their offshore investments and accounts. These people are unknowing (some knowingly) in violation of specific tax laws and are needlessly exposed to penalties. With all these issues, is it prudent to move assets offshore ? Moving assets or business transactions offshore provides you with increased Asset Protection, Estate Planning Benefits, Tax avoidance or deferral. This is done with the use of Trusts, International Corporations, Foundations, Partnerships, and other legal entities. Why don’t my present advisors recommend using offshore structures ? Offshore business formation is a very specialized field. It would be unwise for an advisor to recommend something with which they may be unfamiliar. In other cases the advisor may have a vested interest in keeping an involvement in your assets or investments. Offshore structures remain a useful, profitable and legal alternative, therefore, we encourage you to investigate its possibilities. What is an International Limited Liability Company? The International Limited Liability Company is similar to the Asset Protection Trust in some of the benefits and protection, which can be provided. An LLC is an incorporated entity similar to both a corporation and a partnership. They originated in Wyoming in 1977 with IRS recognition in 1987. There are 46 US states along with dozens of "offshore havens" that have their own versions. LLC membership may be determined either by the original organizing document of the LLC, which is registered publicly, and/or by the operating agreement of the LLC, which is a private document. The operating agreement typically names the members of the LLC, which can be either natural or juridical persons, along with their proportionate share or interest in the LLC, and sets forth the internal structure of the LLC. Additionally, the LLC may issue "interest certificates" to all the members (similar to shares or stock of a corporation), which certificates will typically bear the name of the LLC, the name of the holder of the certificate, and the proportion or percentage of the interest in the LLC that the certificate represents Because of the recent changes in the federal tax law, operating agreements can now grant an LLC powers that were formerly reserved only to corporations. For example, an LLC can now have perpetual existence, protect the members from personal claims against creditors of the LLC, allow members to transfer their interests freely, and elect managers (or directors) to run the LLC. In addition, like by-laws, operating agreements can now allow for the issuance of certificates to members in the LLC with differing or preferential rights with respect to voting and/or the types of distributions they may receive. We can establish a domestic LLC in a state such as Nevada with low filing fees and maintenance costs. If you wish, you can transfer funds to an overseas account in the name of the LLC in order to obtain additional protection or to take advantage of investment opportunities. Since the International Member is not subject to the jurisdiction of a United States court or agency, the assets in the LLC will have the highest level of protection. Similarly, we use one of several offshore jurisdictions incorporating your LLC thereby increasing protection and operational flexibility. What is an International Business Corporation? An International Business Corporation (IBC) is a corporate entity established in an offshore tax haven. The tax haven has no tax on the business and investment activities of the IBC. Although an IBC alone cannot provide an effective offshore investment program, IBC’s are often an integral part of an offshore investment strategy. This is the most common type of entity used. What other strategies and structures can be used to invest internationally and provide asset protection and tax benefits? Other strategies and structures include, forming Captive Insurance Companies, Factoring, Offshore Bank ownership, Offshore Mutual Fund creation, Private Annuities, Real Estate Equity Purchases, using Rent-A-Captive Insurance Companies and involvement with business entities. Each of these strategies have significant benefits and advantages in specific situations but are all somewhat complex to establish properly. What is the best offshore center or Tax Haven to use for asset protection and or estate planning ? Most modern International Financial Centers are alike offering the services and products available through government regulation. Because of this, certain tax havens have reputations that may or may not be true today, while others have issues with privacy, confidentiality or specific rules for information. Banking rules and regulations are also changing and will have an impact on the jurisdiction we choose. You need a modern business and communications infa-structure with moderate fees. You need not invest or run your business out of the same country that you bank with. We select the "best" of each for our clients. We keep up to date on all haven developments around the world and have relationships with institutions, legal consultants and advisors worldwide. Each entity we form is tailored to the goals and transactions of each client and we advise you on strategies and solutions. Ok, that makes sense but is my money safe offshore? Many financial experts believe that offshore investing when done through reputable companies is actually safer than investing onshore. Higher reserves and greater liquidity ratios are usually found in established offshore financial institutions as compared to their onshore counterparts. In secure offshore havens these problems are nonexistent because of stricter banking laws, lower costs of operation, lower taxation, conservative investment policies, lack of stockholder pressure to maximize profits (which results in higher risk taking on loans and investments), and comparatively lower executive salaries and bonuses in offshore havens. Additionally, further safety and protection of investments and assets against lawsuits and creditors can be achieved offshore. What is the requirements to openning a current account at Bank Baltikums? A current account is a multi-currency account for corporate and private persons for all types of transactions in Latvian Lats other freely convertible currencies, and currencies of the CIS countries. A current account may be credited without limitation. A multi-currency account may serve for saving up money at the same time, because Baltikums Bank pays interest on positive account balance. Current Account allows: -to make transfers from the account or to credit the same, -to withdraw cash from the account and to credit the same with cash, -to make transactions in different currencies by exchanging money according to the exchange rate of the Bank, -to receive a check book, -to use remote payment services of the Bank, -to receive payment cards, -to receive information on the account turnover and balances by mail, at the Bank or by means of remote payment services. Documents required to open a current account. For companies: -the registration certificate, -by-laws (charter), -minutes of the foundation meeting or another document certifying rights the respective executives to dispose funds of the company, -copies of passports of the persons entitled to sign bank documents, -foreign companies need all the above documents registered with respective institutions of the countries. Such documents shall be legalized according to procedures stated by the law of the Republic of Latvia, and shall be submitted with translation in Latvian, Russian or English, certified by the notary, -the signature specimen card made at the Bank and stating persons authorized to manage funds with Baltikums Bank. For private persons: -identity documents: the passport or the driver’s licence, -the signature specimen card made at the Bank and stating persons authorized to manage funds with Baltikums Bank. To open VOSTRO correspondent account for banks: -an application for opening a correspondent account, -a copy of the Bank Licence in the original language certified by the notary with translation in Latvian, Russian or English, certified by the notary, -a copy of the Registration Certificate of the Bank in the original language certified by the notary with translation into the Latvian, Russian or English language and certified by the notary, -a copy of the Articles of Association of the Bank, amendments or alterations thereto in the original language certified by the notary with translation in Latvian, Russian or English certified by the notary, -banks from B zone countries need signature specimen cards (2 pcs) of authorized executives and a copy of the order on appointment of such authorized executives certified by the notary, -banks from A zone countries, as well as from Estonia and Lithuania, need the signature specimens album of authorized executives of the bank, -a standard Agreement on Establishing Correspondent Relations with Baltikums Bank to be signed. 日本銀行は28 日、全員一致で、金融政策決定会合で当面の金融政策を現状維持することを決めた。当座預金残高目標は30−35兆円のまま据え置き。 日銀のプレスリリースは次の通り。 日本銀行は、本日、政策委員会・金融政策決定会合において、次回金融政策決定会合までの金融市場調節方針を、以下のとおりとすることを決定した（全員一致）。 日本銀行当座預金残高が30〜35兆円程度となるよう金融市場調節を行う。 なお、資金需要が急激に増大するなど金融市場が不安定化するおそれがある場合には、上記目標にかかわらず、一層潤沢な資金供給を行う。 ヤマハ発動機<7272>は28日、2004年3月期連結決算を発表した。それによると、営業利益は欧州とアジアの2輪車好調とコスト削減で、前3月期の677億円に対し、731億円に8.1％増加した。市場予想726億円を上回った。売上高は国内の2輪車販売は不振だったが、円安を背景に欧州、アジアで好調となった。この増収効果とコスト削減努力で利益面では増益となった。 2004年3月期の決算内容は次の通り。（）内は前3月期 売上高 --- 1兆0203億円（1兆0132億円） 営業利益 --- 731億円（677億円） 経常利益 --- 723億円（672億円） 最終利益 --- 401億円（256億円） 販売費および一般管理費--- 685億円（664億円） 1株当たり利益 --- 157.67円（110.04円） 期末配当 --- 7円（6円） 決算期の変更に伴う来年4-12月期の9ヵ月の連結業績見通しは次の通り。 売上高 --- 9200億円 営業利益 --- 570億円 経常利益 --- 570億円 最終利益 --- 300億円 1株当たり利益 --- 109.33円 通年配当 --- 10円（期末配当のみ）　　 シャープは13日、需要が旺盛なデジタルカメラや携帯電話、デジタル家電向けの高精細・高機能プリント配線板の生産能力を増強するため、82億円を投じて、広島県・三原工場にプリント配線板の新工場を建設すると発表した。 新工場は4月末に着工し、12月完成の予定だ。薄型テレビやDVD関連機器を中心としたデジタル家電商品の需要が順調な伸びを示しており、特に携帯電話やデジタルカメラなどのモバイル機器は、小型・軽量化への要求が一段と高まっているとしている。高精細・高機能プリント配線板はこうした成長商品の基幹部品となるもの。 新工場は、独自開発のADF(アドバンスドフレックス)などの高精細・高機能プリント配線板の開発から設計、生産までの一貫体制を構築。プリント配線板の生産能力は、携帯電話120万台分に相当する月産4000平方メートルの生産能力でスタートし、2005年度中には、２倍の同8,000平方メートルにまで引き上げる予定。