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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.
Gambia Offshore Bank Licenses are a Scam
About once a month I get an inquiry from some unfortunate soul who bought a bank license from an agent in the African nation of Gambia. The caller has his license in hand and now wants…
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List of Offshore Banks Under Attack by the IRS
Here’s a list of offshore banks that have come under attack by the IRS in the last few years. This is not a list of banks to avoid, but rather a list of banks that the US government has…
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Maximum Offshore Safety with a Cook Islands Asset Protection Trust
The Cook Islands asset protection trust is the Fort Knox of asset protection. An offshore trust from the Cook Islands is the ultimate in personal privacy and protection often imitated…
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What is Proper Offshore Business Planning
What is Proper Offshore Business Planning
With all the bad press the offshore industry is getting, I thought I’d take a minute to talk about proper offshore business planning. What is…
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Puerto Rico is the Top Offshore Business Jurisdiction for Americans in 2016
Puerto Rico is the tax haven for Americans in 2016. If you can operate a business, or move a division of your US company, with at least 5 employees to the island, or you’re willing to…
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Banking In Nicaragua
Banking In Nicaragua
Many Americans are looking to get some of their money outside of the United States. This only makes sense. Diversity is the name of the game when it comes to…
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IRS Levy of a Foreign Bank Account
IRS Levy of a Foreign Bank Account
Yes, the IRS can levy your foreign bank account. Don’t believe that your money is safe just because it is offshore. If you have an IRS debt, the…
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Offshore Banks to Avoid – Updated
It's tough to find the right offshore bank. If you're an American, it can be near impossible.
If you hold a blue passport, step one is to find a bank that will accept you... that…
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How to Open a Bank Account in Belize
Here’s everything you need to know to open a bank account in Belize. Plant your first flag offshore without leaving home.
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A $100,000 Mistake With a Foreign Bank Account
For years, I’ve advised my small business and investor clients on ways to legally reduce their US tax obligations and protect their assets. And, just as important, the tax strategies…
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Diversifying Your Assets With Land Banking
Diversifying Your Assets With Land Banking
Put anything in the bank lately? Me, neither.
It’s probably a universal trait among humans—to want to put something aside to protect…
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Understanding Offshore Pension Plans
Understanding Offshore Pension Plans
As an expat, it’s possible that you’ve been approached by someone about an offshore pension plan either by phone or email. These plans are also…
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The Basics of Opening a Bank Account Overseas
When people move abroad, it’s usually because they’re looking for a whole new life – different climate, fresh culture, exotic foods. But this sense of adventure rarely applies when…
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