By travelling a few miles off the coast of Key West, you can save a great deal of money on document stamps and other fees associated with transactions completed within the State of Florida. This is your biggest advantage regarding offshore bank and document signing. Our Key West Fishing Charters regularly take clients into international waters for this purpose.
Our fishing boats are perfect for this function because they are fast, clean, safe and air-conditioned. Hiring one of our fishing boats is considerably cheaper than chartering other types of craft in Key West, such as airplanes or private yachts. We strongly recommend consulting with your lawyer, accountant or relevant counsel regarding offshore bank signing in the Key West area. Their assistance is extremely important in making your offshore transaction legally official. This is what we know:
- When a transaction involving promissory notes or other unconditional obligations is completed in the State of Florida, document stamp fees typically apply. At $0.35 for every $100 of indebtedness, you can see how they can quickly add up to huge sums of money – particularly when dealing with multi-million dollar transactions.
- You can avoid these astronomical fees by travelling a few miles offshore into international waters, because the transaction will be executed outside the jurisdiction of the State of Florida. Affidavits will need to be prepared by your counsel, which will be signed by the captain and other members onboard. This will document your transaction as having taken place offshore – legally.
Call us to book your Key West Offshore Document Signing Charter and use the advantage to save money.