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In: Bahamas, Going Offshore

There are many little island nations that have established financial services and international offshore banking platforms. These cater not only to corporations but also to private individuals who are interested in banking offshore. One of the key benefits of using such banking facilities is that the tax structures are great and there is easy flow of foreign currencies. Bahamas as an offshore banking destination Bahamas has acquired a good reputation for providing offshore banking services. Although not a new player in this industry, the Bahamian government has spent the last decade restructuring its banking and financial services sector to beRead More →

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In: Asset Protection, Going Offshore

Is going offshore the best investment plan to help protect an investor’s assets from the creditors or litigants? The answer may seem easy, but it is not. This is because it actually depends on specific case circumstances. However, to get a clear understanding of this matter, you need to consult a qualified and an experienced offshore asset protection specialist. What do you need to consider before making a decision as to whether to move your assets offshore? Below are some key factors to help you decide. The type of your asset: Offshore plans are mostly suitable for protecting your liquidRead More →

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In: Going Offshore, Tax Reduction

One common question is: is it really possible for people who invest offshore to save on tax? Otherwise, why else do the politicians, celebrities, and pop stars have offshore investing structures in place so as to protect their assets? The facts are that these people are basically protecting their assets from litigations. They are looking after their finances and ensuring that they don’t overpay their tax obligation. Actually, you are under no obligation whatsoever to overpay your tax bill. Now before getting into how you can save on tax by going offshore, there are a few important factors to bearRead More →

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In: Going Offshore

There is much to be said about being able to live the expatriate life. Spending years abroad providing expertise in your industry, being provided with perks that only expatriates can understand… this is clearly the life that most can become accustomed to. If you are a new expatriate and have just settled into your new home and your new work environment, as you work to understand local cultures and norms as well as enjoy local delights and explore secret treasures that you would not be able to see even as a tourist, it is time to get back to groundRead More →

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In: Going Offshore

When it comes to offshore investing or offshore banking, most people are totally in dark regarding the legitimacy and the legality of it all. Going offshore is a hundred percent legal, legitimate and a lot of people from politicians to business people to pop stars and the like opt for it. It is especially beneficial to expatriates, whose investment options are limited by them being foreigners. However, to make it legal, individuals have the legal obligation to report their offshore activities to the relevant government agencies, such as tax authorities. Basically, it is illegal to evade your tax obligations, lauderRead More →

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In: Going Offshore

Going offshore with a company, having concealed bank accounts in foreign countries and the like were once the domain of the affluent in the society. Imagine a Swiss bank account, having a marvelous residence in Monaco, and the Ronny Biggs in Brazil – these are items that only a few super rich members of the society could afford. However, times have really changed and through the internet, accessibility to tax reduction assistance and methods (for instance going offshore) has not only become possible, but has also become a reality to all types of average investors. So why going offshore? Currently,Read More →