Frequently Asked Questions
Here is a summary of the questions we are asked most often. If you have a question which is not answered below, please email us so we can address this for your benefit and that of our many other visitors worldwide.
Hans has provided some of these answers while others have come from other wealth educators featured on this site.
- Q1 I’ve never ordered online before. Is it really safe to order something over the internet? What type of security does your order system use?
- Q2 I would like to order online, but I live outside Australia. How do I know I will get my goods and how long will it take?
- Q3 Even though your Website is very interesting now, do you plan to enhance it in the future?
- Q4 Which of your books are most suitable for someone who knows nothing about finance and investment?
- Q5 I’m excited about investing, but I’d like to make sure I don’t jump into something where I might lose my money. What should I do?
- Q6 I’ve made a few mistakes and now find myself in a financial crisis. Do you have any suggestions as to how I can get out of this mess?
- Q7 There seems to be more and more evidence every day of ‘big brother’ tactics used by governments and big business to collect information about us and spy on us. What are they doing and how can we fight back to regain our privacy?
- Q8 I’m interested in learning more about the offshore world. You have such a lot of information available on this area, where do I start?
- Q9 I’ve heard of some phenomenal investment returns available offshore which I have not come across here. Where can I find out more about these?
- Q10 What does offshore investing mean?
- Q11 Do I have to travel overseas to invest offshore?
- Q12 What are the main reasons for having my wealth placed offshore?
- Q13 Is it legal for me to have offshore investments, companies, and bank accounts?
- Q14 What are the Banks like offshore?
- Q15 Is it convenient to use offshore banks?
- Q16 What about income tax on income I've earned offshore?
- Q17 If I have to pay taxes, what is the advantage of investing offshore?
- Q18 I want to keep my affairs confidential for reasons other than tax minimisation. Is confidentiality and privacy guaranteed?
- Q19 What's the minimum amount I have to place offshore to make it worth my while?
- Q20 Do I need a company or trust set up?
- Q21 Where should I establish my offshore setup?
- Q22 Are secrecy laws legislated and guaranteed in these places?
- Q23 Will tax havens always be available?
- Q24 Can governments like the British close them down if they wanted to?
- Q25 Can I get a Debit or Credit Card with most offshore banks?
- Q26 Do offshore banks have facilities like funds management and other investment opportunities?
- Q27 What is the minimum deposit required to open an offshore account?
- Q28 Can I invest into Australia from my offshore structure?
Q1: I’ve never ordered online before. Is it really safe to order something over the internet? What type of security does your order system use?
Credit card security over the internet is certainly a hot topic and one that is easily misunderstood. It is very difficult for someone else to get your credit card information from a well-designed SECURE order system. You are far more at risk when you hand over your credit card at a restaurant, over the counter in a shop or when you give it out over a cordless or mobile phone.
Probably the most important questions you need to ask yourself are: Do I trust the company I am giving my information to? Is the information really going to the company I intend it to go to? The vast majority of credit card fraud comes from criminals posing as legitimate businesses and then running off with your money; not from internet "hackers". The secure checkout facility which we use on this website uses sophisticated technologies to provide transaction security. The secure checkout software used by the Super Secrets Online Order System encrypts your credit card number, name and expiry date. The encryption process takes the characters you enter and converts them into code that is then securely transmitted over the internet. More specifically it uses 128-bit encryption through the use of a security certificate. This is the industry standard for internet encryption. Please ensure that you are running the latest version of your web browser to benefit from the 128-bit encryption. At Wealth Dynamics International Pty Ltd we respect your privacy and we do not rent or sell your customer details to anyone. We are an established business with physical premises and our contact details are shown on this Web site. Only our authorised personnel have access to your data.Q2: I would like to order online, but I live outside Australia. How do I know I will get my goods and how long will it take?
At the moment we ship our products to international destinations from our Australian warehouse. Orders are usually processed within 24 hours and sent to you by airmail.
Even so, it may take 2 – 3 weeks for you to receive your delivery. In general we have found this method of delivery to be quite reliable. If you are willing to pay a slight surcharge, we can ship via EMS which allows for tracking of your order. Please email us or make a note when you order and we can let you know the costs involved to your destination.Q3: Even though your Website is very interesting now, do you plan to enhance it in the future?
Most definitely! We are constantly adding more information to add value for you. We are currently working on quite a few exciting projects and cooperating with other wealth educators to bring you the latest wealth tools to enjoy greater wealth, health and success. Be sure to bookmark this site and visit us regularly to check out what’s new.
Q4: Which of your books are most suitable for someone who knows nothing about finance and investment?
A good starting point for someone who is just learning about finance are the two books, How To Be Rich & Happy On Your Income and Financial Freedom . . . starting now! – An Action Guide.
These two books provide an excellent introduction to the financial world in an easy to understand way. You will learn how you can take control of your finances and that in fact, you are the best person to look after you money. You will also find that these two books are very inspirational and encourage you to take action to improve your life. How To Be Rich & Happy On Your Income is packed with wealth tips and clear, concise and concentrated money management strategies. You will easily learn how to develop a wealthy mindset, instil prosperous attitudes and find practical know how on creating wealth. You will discover how to save money and how to turn those savings into wealth, consistently and without high risks. Thousands of readers have described How To Be Rich & Happy On Your Income as a life-changing book. Many have discovered in its pages a new vision and passion for their life and reaffirmed their belief that they can be rich and happy too. Financial Freedom . . . starting now! – An Action Guide continues the journey along the road to building wealth with hands-on work sheets and carefully designed exercises so that you can discover further revelations about yourself, your attitudes and behaviours around money and your prosperity consciousness. You will gain a deeper understanding of the action steps you need to take to propel you to the wealth and happiness you desire. You see, everything in life starts with a decision. If you have made the decision that you want more from life than you have today, then you are already on the path to freedom. Now you have to reinforce that decision with action. To take advantage of The Rich & Happy Two Book Internet Special click here.Q5: I’m excited about investing, but I’d like to make sure I don’t jump into something where I might lose my money. What should I do?
That’s understandable and a very important question. Most people don’t know where to start and how to research an investment proposition. The process of doing this is called due diligence and is fully explained in the book, Due Diligence Made Simple.
Do you wonder what questions you should be asking? This book will explain that and teach you the skills associated with asking questions. You’ll learn how to properly evaluate an investment proposal before you part with your hard earned money. You’ll understand how salespeople present investment and business opportunities and how you can dig deep to find out the true facts behind what they are offering to see if it is right for you. You’ll also learn how you can interview an accountant, a lawyer, a property manager and a stockbroker to see if they are well suited to your needs and objectives. This book is a must read for every aspiring investor and entrepreneur. To find out more about the book, Due Diligence Made Simple click here.Q6: I’ve made a few mistakes and now find myself in a financial crisis. Do you have any suggestions as to how I can get out of this mess?
Lance Spicer’s enlightening and fascinating book Financial Crisis – How To Avoid Financial Disaster discusses in an easy to read way how people run into financial difficulties, how to get out of them and better still how to avoid them.
It is a must read for you if you are concerned about money, the economy and the financial security of your family. It contains great tips and strategies to follow. To find out more about the book, Financial Crisis – How To Avoid Financial Disaster click here .Q7: There seems to be more and more evidence every day of ‘big brother’ tactics used by governments and big business to collect information about us and spy on us. What are they doing and how can we fight back to regain our privacy?
The books, Underground Knowledge and Things You Didn’t Know, Underground Knowledge 2 by Lance Spicer provide valuable and hard to find information on ways in which your privacy and sovereignty are being eroded – information your government would prefer you didn’t know.
These books discuss forbidden information on privacy, money, freedom, technology, special places where freedom is assured, private banking and investing. Lance explains the ‘big brother’ techniques that are being used against us and how we can beat them. Fascinating but disturbing information for people with a curious mind. To find out more about the book, Underground Knowledge click here . To find out more about the book, Things You Didn’t Know, Underground Knowledge 2 click here .Q8: I’m interested in learning more about the offshore world. You have such a lot of information available on this area, where do I start?
A great starting point is to read the books The Invisible World and Invisible Banking by Lance Spicer.
These two books will give you an excellent introduction to a whole new world which exists offshore. The Invisible World will show you how you can establish offshore companies and trusts to minimise tax and increase privacy as well as taking advantage of some amazing investment opportunities which may not be available to you onshore. You'll find a large selection of contact details for international banks and incorporation agents. Secrecy laws, costs, advantages and disadvantages as well as tax and investment strategies are clearly explained in an easy to read way. Invisible Banking shows you how to bank and invest offshore in total privacy. If you thought offshore bank accounts were only for the rich . . . think again. More and more average people are discovering the substantial advantages that can be enjoyed by using offshore banking havens. This book shows you how to keep your banking secret, how to move your assets and cash around the world privately and how you can establish your own offshore investment program with total confidentiality and secrecy. No investor can afford not to read this book. It may save you a fortune and open up a whole new world of investment opportunities. To find out more about the book, The Invisible World click here . To find out more about the book, Invisible Banking click here .Q9: I’ve heard of some phenomenal investment returns available offshore which I have not come across here. Where can I find out more about these?
Some of the highest yielding investments in the world and how you can invest in them, are described in the books, High Yield Investments and High Yield Investments 2 by Lance Spicer.
Full contact details and their past performance records are detailed for you. Some have entry levels as low as a few thousand dollars. To find out more about the book, High Yield Investments click here . To find out more about the book, High Yield Investments 2 click here.Q10: What does offshore investing mean?
Offshore, at least with respect to the financial world generally, means a jurisdiction other than where the investor lives.
The foreign countries most favoured for investment purposes have laws, which give distinct advantages to the investor or business person. These laws may take the form of local no-tax or low-tax liability on all investment income regardless of the residence of the investor (Bahamas, Cayman Islands, Turks & Caicos Islands), local tax exemptions for non-residents of that jurisdiction (Channel Islands, Gibraltar, Belize, Luxembourg, Vanuatu) tax holidays for certain types of local investment (Portugal, Netherlands Antilles, Ireland, Jamaica) favourable tax treatment through treaties and agreements with the investor's home country. If you are new to the offshore world, a good introduction to this area can be found in the book, Offshore Investing?Childs Play. For more information about this book click here.Q11: Do I have to travel overseas to invest offshore?
No. Offshore investing does not mean that you have to live overseas, sell your local investments, or even visit your foreign bank accounts, corporations or other offshore facilities.
Offshore investing can be done from a computer, preferably from an internet café so it cannot be traced back to you. Also, using public telephones (Use phone cards for convenience and privacy) or faxes at the local post office. Why not use the home phone or fax I hear you ask? If you use your home phone or fax you have just given anybody who wants to know, an idea of what you're up to, and a permanent record and paper trail to your bank, adviser etc. For those less urgent requests, the mail is fine, and untraceable.Q12: What are the main reasons for having my wealth placed offshore?
They are:
1.Asset Protection- To secure against future claims such as bankruptcy, judgment creditors and other litigants, etc. 2.Estate Planning- Family and Protective Trusts (possibly as an alternative to a Will) for accumulation of investment income and long-term benefits for beneficiaries on a favourable tax basis. 3.Confidentiality- From competitors, adverse claimants and other parties from whom you wish to keep your business or personal interests private. 4.International Tax Planning- Advantageous use of foreign jurisdictions and their tax rules for reduction of tax liability.Q13: Is it legal for me to have offshore investments, companies, and bank accounts?
Absolutely. Because every western nation encourages international trade and enterprise, there are usually no restrictions on residents doing business or having bank accounts in other countries.
Reporting requirements on such accounts however, differ from country to country. Australian reporting requirements can be intrusive and to a large extent these heavy handed rules depend solely on the honesty of the investor in question, such is the secrecy provided by these offshore centres. Offshore investment vehicles are routinely and legally used by sophisticated and reputable high-net-worth individuals and corporations worldwide.Q14: What are the Banks like offshore?
They are every bit as good as local banks. Banks such as Barclays, Lloyds and Citibank operate in most offshore financial havens.
Q15: Is it convenient to use offshore banks?
Yes. These days with email, faxing and telephone facilities and the use of ATMs, your money is just as accessible as it is in Australia.
Withdrawals of large amounts of cash will take a little longer.Q16: What about income tax on income I've earned offshore?
Australia, New Zealand and most other high-tax countries require residents to declare their income on a worldwide basis.
No matter where you earn it, tax is payable when income accrues to you, or in certain circumstances, when it accrues to an entity which you control. That is why most countries impose no restriction on where one's business interests, investments or bank accounts can be located.Q17: If I have to pay taxes, what is the advantage of investing offshore?
There are many other legitimate reasons to invest offshore which do not relate to taxes. But there are some little known tax loopholes that can be exploited legally.
However, there are other important reasons to consider going offshore as well, including asset protection, estate planning, confidentiality, better investment yields and taking advantage of active business interests overseas.Q18: I want to keep my affairs confidential for reasons other than tax minimisation. Is confidentiality and privacy guaranteed?
With the right choices, your privacy can be absolutely guaranteed, except in the event of proven criminal activity (excluding so-called "fiscal offences" such as tax evasion or other money collection disputes).
Australia is one of the only countries that has criminalised tax avoidance or evasion. Tax haven jurisdictions never respond to information requests made on the basis of Australian tax evasion, but keep in mind it is your responsibility to obey our tax laws. Most offshore governments uphold strict confidentiality laws for banks, corporate registries, and trust companies. These laws protect offshore investors from third parties, including both private and governmental authorities.Q19: What's the minimum amount I have to place offshore to make it worth my while?
There is no minimum amount required. However, most people will want to weigh up the one time set-up costs (usually A$1,500 to A$10,000 and annual fees charged by the jurisdictions for things like registration fees etc.) and determine if it's worthwhile to invest offshore.
In my opinion, you should be looking at an investment of at least A$10,000 or have an offshore income stream that can easily be diverted into an offshore structure.Q20: Do I need a company or trust set up?
No, not immediately anyway.
Most people establish offshore trusts and companies prior to opening bank accounts so they can use the company name to provide extra secrecy. Quite often the beneficial owner or shareholder of a trust or company can be kept confidential or even unknown in the case of bearer shares or non-existent trust beneficiaries. The cost of these structures ranges from around A$1,500 upwards depending on the jurisdiction you choose and the complexity of the structure you propose.Q21: Where should I establish my offshore setup?
There are many good tax havens including the Caymans, Isle of Man, Nevis, Liechtenstein, Luxembourg, Gibraltar, Ireland, British Virgin Is. The list goes on.
Probably the best idea is to start by reading the book, The Invisible World by Lance Spicer since it will give you a good overview of the possibilities. For more information about the book, The Invisible World, click here.Q22: Are secrecy laws legislated and guaranteed in these places?
In most cases, Yes.
Q23: Will tax havens always be available?
Most probably. Since World War II they have proliferated and are now recognised as an essential part of international business. In fact, more and more tax havens are appearing all the time.
Q24: Can governments like the British close them down if they wanted to?
Yes, but they would never do so because they are all cash positive to countries like Britain. To close them down would simply ensure the money would go somewhere else.
Q25: Can I get a Debit or Credit Card with most offshore banks?
Yes
Q26: Do offshore banks have facilities like funds management and other investment opportunities?
Yes
Q27: What is the minimum deposit required to open an offshore account?
Most banks require at least US$1,000.
Q28: Can I invest into Australia from my offshore structure?
Yes.
If you would like to know exactly how to set yourself up offshore, The Invisible World and Invisible Banking can answer all your questions and guide you in establishing a banking or corporate structure simply and at the lowest possible price. These books have been written in a simple, understandable way without the use of complicated jargon. For more information about the book, The Invisible World, click here. For more information about the book, Invisible Banking, click here .