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Offshore Structures
Offshore Banking:
Offshore or international banking is a term that refers to placing financial assets in accounts operated by a bank or other financial institution outside of your home country. Those accounts are governed by the laws and regulations that apply to all financial institutions operating in that international location. Since those laws may vary from one country to the next, anyone interested in opening offshore accounts will want to become acquainted with how banking is done in a given nation.
Offshore Incorporation:
Offshore incorporation is a corporation or limited liability company that has been formed outside of your country of residence. One is well advised to choose the country of incorporation wisely.
Where should Canadians set up an offshore business?
Where should Canadians set up an offshore business?
Tired of paying half your profits to Canadian Revenue? Ready to move you and your business out of Canada? Want to move your business…
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Discover the Best Jurisdiction for Your Offshore Trust
Question: What is the best jurisdiction to set up an offshore trust?
The best asset protection structure for most U.S. citizens is an offshore trust. When structured properly, an…
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Offshore Trusts Filing Requirements
Offshore Trusts Filing Requirements
Question: "Do you need to file any forms with the IRS for an offshore trust, and if so, what are the requirements?”
Some people mistakenly think…
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Nested Correspondent Banking Accounts
Nested Correspondent Banking Accounts
“What is a Nested Correspondent Banking Account?"
A nested correspondent banking account is one where a service provider sets up a master…
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Offshore Irrevocable Trust
The strongest form of international asset protection is the offshore irrevocable trust. An offshore irrevocable trust is set up by you (the settlor) to hold assets for the benefit of…
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Offshore Corporation vs Offshore LLC
When planning an international structure, deciding between an offshore corporation or an offshore LLC can make a world of difference. There are significant tax differences between an…
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What you need to know before going offshore
After 17 years advising expats, living the life, and having been a resident in 5 countries, here’s what I think you need to know before going offshore. This article is from a tax, IRA,…
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Don’t form an offshore company in BVI in 2017!
The new BOSS Act (Beneficial Ownership Secure Search Act of 2017) was implemented in the British Virgin Islands this week. The law puts your personal data in the hands of government…
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What Assets Can I Move Offshore?
In this article, I’ll consider what assets you can move offshore and which you can’t. As you prepare your international strategy, or asset protection plan, these are the assets you…
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What type of business can I take offshore?
I’ve been helping small and medium-sized businesses move offshore since 2000. Over these 17 years, I’ve seen just about everything… wild successes, a few crashes and burn, those who…
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Get to the Heart of Active Offshore Business Taxation
The following is a guest post by Attorney Joel Nagel on offshore business taxation.
Question: What are the tax considerations for having a U.S. owned offshore business?
When…
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Correspondent Accounts for Offshore Banks
The lifeblood of any offshore bank is its correspondent account. The correspondent account is what connects the small offshore bank to world’s banking system. Without it, the offshore…
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Are you ready to move offshore? Here’s how know if you’re up to it
Are you ready to move offshore? Are you up to the task of taking your business offshore? Can you move you and your family out of the United States? In this article I’ll look at what it…
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Reasons to Operate a Business Offshore
Offshore companies offer many inherent benefits to entrepreneurs looking to work abroad. For one thing, the bureaucracy that may be prevalent in one country may be absent in another.…
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Starting an E-commerce Business in Canada
Starting an E-commerce Business in Canada
Do you run an e-commerce company in Canada, or do you have plans to relocate your retail business abroad to Canada?
While Canada presents…
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Offshore Company: Why you want one and where to incorporate
An offshore company is the first step to privacy, asset protection, international banking, and planting a flag offshore. Here’s why you want to form one and where to set it up for…
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How to Plan and Report an Offshore Business
If you’re operating an offshore business, you need to come up with a great tax plan and file a variety of forms with the IRS each year. Here’s how to plan and report your offshore…
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Privacy for a Panama Corporation
A corporation from Panama is one of the best business structures available offshore. Tax laws are favorable and protection for business owners is solid. Also, a Panama corporation…
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Opening An Offshore Bank Account From A Restricted Country
Opening An Offshore Bank Account From A Restricted Country
I got word yesterday from Belize that their corporate registrar won’t accept clients from Russia any longer. That means…
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Essay: Should Politicians Have a Retirement Age?
Essay: Should Politicians Have a Retirement Age?
Politics, along with religion, personal values, and moral philosophy, belongs to a specific family of topics in a society known as “hot…
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