Investments
IdeaCOM: Asset Protection and Banking
More so now than ever, as a foreign investor living, retiring or doing business in Mexico you need to prepare watertight Asset Protection and Estate Planning strategies.
IdeaCOM can assist you with this by providing reliable advice, information and introductions. Our team includes a bilingual Mexican lawyer and an International Trust and Asset Protection expert so we can ensure your assets are protected, you pay as little tax as possible, and you are remain fully in compliance with local laws.
Many foreign citizens coming to live in Mexico may not be served adequately by Mexican banks – for example by law Mexican banks may only open accounts in pesos. On the other hand, when going to live abroad, you may wish to take full advantage of tax breaks for expatriates and therefore you may wish to diversify at least a portion of your portfolio into an investment based outside your home country.
When it comes to international tax planning and asset protection structures such as Private Interest Foundations, and we work closely with Banca Privada d’Andorra (BPA). BPA is a secure, conservative and discreet European Private Bank legally authorized to do business in Mexico via its representative office in Mexico City.
BPA offers a full range of private banking services from basic account services such as checking and credit cards in all major currencies, to sophisticated wealth management and asset planning structures. Of course, all accounts can be managed via internet banking using a secure digital token. They provide a highly personalized and professional service.
IdeaCOM is able to assist you with the account opening procedure. Please contact us for further details and to arrange a consultation.
Our Private Banking services for corporations and individuals are aimed at investors seeking a safe haven for their assets during turbulent times.
Besides a full range of retail banking services (checking accounts, credit cards, internet banking etc), it offers a range of attractive services for the sophisticated international investor, including its own investment funds and access to third party products, precious metals investments etc, and even a fund investing in fine wines. Accounts may be maintained in all major currencies (USD, Euro, Canadian dollar, sterling, etc.) plus many emerging market currencies.
Services offered also include international asset protection, estate planning and legal tax minimization structures such as holding companies and family foundations, and tax implications of personal residency and citizenship.
You need these services if:
- You are concerned about the depreciation of the dollar but don’t want to keep all your assets in pesos
- You are not satisfied with the level of service offered by your existing bank
- You are concerned about inheritance tax and succession issues
- You are involved in international business and would like to learn about legal ways to reduce your tax burden
- You are looking for a conservative safe haven for your saving
See the guide on all matters related to offshore investments, private banking and privacy here
Banca Privada d’Andorra
Our strategic partner, the Banca Privada d’Andorra, together with Global Services in Andorra, offers a full range of services to protect your assets, provide investment vehicles and secure your protection.
Private Banking
BPA relies on a team of highly qualified professionals to help its clients define and structure their investments, on the basis of their personal, professional, as well as their objectives, preferences and needs. BPA provides made-to-measure savings and investment solutions, which can vary enormously depending on the time horizon, the aversion to risk, the degree of internationalisation, expectations for returns, security and liquidity.
Advantages of BPA
BPA is a company made up in its entirety of Andorran shareholders. Its headquarters are located in the Principality of Andorra, which allows it to carry out activities within a secure legal framework.
Values embraced by its management:
- Absolute discretion and confidentiality
- Ability to take the initiative, professionalism and efficiency of the services
- Pragmatism when making decisions
- Care and prudence in consultancy
- Transparency and independence of the management
- Respect for the rules of deontology
Asset management
BPA provides its clients with a personal manager in charge of suitably structuring their investments so as to achieve the highest possible returns.
BPA and its clients enter into asset management contracts with different risk profiles. The models are designed in accordance with studies carried out by expert analysts on the evolution of the financial markets.
The priorities of BPA:
- To listen to the needs and preferences of its clients
- To work together in researching intelligent solutions
- To establish a relationship of trust, based on our top quality service and consultancy
