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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.
How to take your defined benefit plan offshore
If you’re eligible to take distributions from your defined benefit plan, you can move it offshore. Eligibility is usually because you’re of retirement age or because the defined benefit…
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Raise Capital in an Offshore Company
I love to write articles based on the phone calls and emails that come in. One of the most difficult consult questions is, “what’s the best structure if I plan to raise capital in an…
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Jones Clause for Offshore Trusts
A Jones clause is placed in an offshore trust to protect you, the settlor, from a creditor or court claiming you made a fraudulent conveyance. In its most basic form, it tells the…
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Why Buying Offshore is Easier than Ever
Buying offshore real estate is an incredibly smart investment move. Whether you are looking to diversify by investing in a hard asset or you are looking to create diversification by…
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Is it easy to open an offshore bank account?
Is it easy to open an offshore bank account?
Hell no, it’s a real pain in the ass!
And this goes for everyone who wants to open an offshore bank account. What used to apply only to…
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Offshore Trusts: Jurisdiction Shopping with a Flight Clause
A flight clause in an offshore trust allows the trustee (or trust protector in some jurisdictions) to move the trust from one country to another. The flight clause in an offshore trust…
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How to open an offshore bank account in Panama
How to open an offshore bank account in Panama
I’ve been opening offshore bank accounts in Panama since 2001. It gets more challenging every year to find banks that will take US or EU…
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3 ways to create a tax free offshore bank account
3 ways to create a tax free offshore bank account
Whether you’re living in the United States or abroad, you will usually be required to pay US taxes on the income earned in your…
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Here’s how to use the FEIE in your offshore business
If you’re planning on living and working abroad, here’s how to use the FEIE in your offshore business. Remember that the US taxes its citizens on our worldwide income… no matter where…
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Spendthrift Provision in an Offshore Trust
A "Spendthrift Provision" in an offshore trust prohibits a beneficiary from selling, transferring or pledging her interest in the trust. The purpose of a spendthrift provision is to…
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Will an offshore bank account increase my chances of being audited?
The number one question I get from Americans considering opening an offshore bank account or forming an international corporation is, “will this increase my audit risk?”
The answer…
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Best Offshore Bank License Jurisdiction in 2017
The best offshore bank license jurisdiction will depend on your use and budget. Here’s a list of my top offshore bank license jurisdictions in 2017. This list is focused on traditional…
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Year End Planning for an Offshore Corporation for US Expats
Tax year 2016 is coming to a close and it’s the time to do some year end planning for your offshore corporation. Miss out on the FEIE or transferring money between entities, and you…
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Eliminate the Rule Against Perpetuities with an Offshore Trust
The rule against perpetuities in the United States makes it impossible to “lock up” your assets in a domestic trust beyond the lives of people living at the time the settlor (you, the…
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Offshore Dynasty Trust Explained
An offshore dynasty trust, also known as a foreign generation skipping trust, legacy trust or perpetual trust, is one of the most advanced offshore planning tools available today. A…
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Offshore Trusts are the Best Asset Protection Available
The offshore trust is the best known and most effective legal tool used in asset protection today. The offshore asset protection trust launched the industry and has been the go-to…
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Offshore Trusts and U.S. Bankruptcy
Offshore trusts are vulnerable in bankruptcy. An offshore asset protection trust will protect your assets from a civil creditor, but not from the bankruptcy court. An offshore trust is…
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The Offshore Asset Protection Trust as a Deterrent to Litigation
The Offshore Asset Protection Trust as a Deterrent to Litigation
The most important benefit of a well designed offshore asset protection trust is the one no one is talking about. We…
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Is Offshore Banking Illegal?
With all of the hype around offshore banking these days, many are wondering is offshore banking illegal. Just about every client calls with a statement like, “hey, I don’t want to do…
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How to Run a Business Tax Free from Panama
Panama is a beautiful country that offers many personal and business benefits. More than a safe and peaceful place to live and raise your family, Panama provides special tax benefits…
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