There is no restriction on opening an offshore account, as long as the entity, whether an individual or a legal entity, complies with the regulations of the jurisdiction in which it wishes to operate. However, there are different ways to go about this type of procedure. The main ones are:

• Trust: a trust is a legal instrument seen as an excellent strategy for asset protection. It represents a legal relationship through which a certain asset is managed by a formal owner (trustee) for the benefit of a third party, who also holds real rights over the same asset and receives special legal protection. It is a widely-used tool in Estate Planning, which is a mechanism that allows for the protection of family assets, ensuring the optimization of succession, and reducing the incidence of taxes in investment businesses.

• Limited Liability Company (LLC): an LLC, short for Limited Liability Company, is a type of company incorporated as a limited liability company in the United States. It is an organization that attracts many small businesses because it offers certain tax advantages, tax benefits, and lower income tax. One advantage of the LLC is that partners do not need to reside in the country, which is good news for foreign entrepreneurs looking to invest in the United States.

• Offshore Company (IBC): an IBC (International Business Company) is a limited liability company with minimal obligations. It is the most commonly used business structure in the offshore world and is characterized by being exempt from taxes, accounting requirements, and the anonymity of its owners. In practice, an IBC is virtually identical to an LLC, but IBCs offer more traditional corporate formalities and control structures and are relatively rigid in economic terms. LLCs offer greater flexibility on the economic side and less rigidity in governance.