The NCI Solution

Purchase an NCI Premier or Platinum structure making you the manager and the director of the Corporation with the Foundation owning the shares of the corporation. Make your children or anyone you designate as beneficiaries of the Foundation. You are, in fact, transferring ownership of assets to somebody else by virtue of the fact that the Foundation owns the shares of the Corporation. The Foundation holds no physical assets other then the corporate share certificate.

As a manager of the assets within the corporation, you are entitled to receive compensation. NCI recommends that the human-being be used as the manager and to accomplish this we recommend a 'Contract for Hire' and this is a very carefully copyrighted document that outlines the terms of the Contract for HireTM. As a Director of a Corporation you can sign a Contract for HireTM with you the human-being and this is how you are able to obtain income from the Corporation. What is left in the IBC, after paying out Compensation, will be managed by the Manager / Director for and on behalf of the Beneficiaries of the Foundation.

An Example

$100,000 dollars is invested by the Corporation and earns $25,000 in income.

Under the terms of the Contract for HireTM you can deem $23,000 to be compensation paid to you the human-being. The $2,000 that is left over in the corporation could be considered as a stipend for the Director and sent back to his home jurisdiction where tax will need to be paid on it. The $23,000 removed by the human-being will be tax-free. Human-beings worldwide are not subject to income tax, only a "taxpayer" is subject to Income tax.