Blog Archives: offshore company

south africa offshore

High net worth South Africans are under attack from all sides… again. This time it may turn into a full blown civil war. At the very least, your assets and safety are at risk. Here’s how to move you and your cash out of South Africa and to negotiate a second residency. A passport from

how to report foreign salary

Here’s how to report a foreign salary or international business income. If you earn money from working as an employee or independent contractor, you need to report it on your US tax return. Here’s how to report income paid by a foreign company. I’ll briefly comment on income earned from abroad while living in the

offshore LLC

Did you form an offshore LLC last year? Are you using an offshore LLC to hold foreign investments or to protect an international bank account? Here are your US filing requirements for that offshore LLC. As the owner of an offshore LLC, you’ll need to file an entity election form, an annual tax return, a

offshore business

With all the talk about keeping jobs at home and taxing foreign corporations, I wanted to start the year with a post on why Trump is great for the offshore industry… at least, for those operating small businesses, investing abroad, and/or moving assets offshore for asset protection. This article will focus on why a Trump

Affiliate marketers face unique asset protection, privacy, and tax planning challenges. This article will review your options and point out some of the pitfalls to watch out for. We’re specialists in offshore asset protection for affiliate marketers and can help you to grow your online business in an efficient and compliant manner. At the end

retained earnings

According to the N.Y. Times, The IRS has begun tracking homes bought through offshore companies and shell corporations in the United States. If you’ve setup an offshore structure, and used your retained earnings to buy real estate in the United States, you’re probably a target of the IRS. Even if your offshore company is tax

Cayman Islands Internet Business

Are you looking for a high quality of life, no taxes, and a cool offshore jurisdiction from which to operate your internet business? Ready to move you and your team to paradise for a few years to rake in the cash tax free? Then consider moving your internet business to Cayman Islands. Cayman Islands had

IRS and panama papers

Do you have a company or bank account in Panama? Are you wondering if you should be worried about the IRS and Panama Papers? Do you know that the searchable database of Mossack Fonseca clients came online today? Is the thought of the IRS knocking on your door keeping you up at night? Let me

12/06/2015 - 1:58 PM
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  The Premier Offshore mobile app is now available in the Apple store! And, for a limited time,  it’s a free download. I just ask you give me a good rating in the app store and let me know if you have any issues. Access my library of international tax and business articles any time

Puerto Rico Tax Deal

The Puerto Rico tax deal is the inverse of the Foreign Earned Income Exclusion. Here’s why: With a Puerto Rico tax contract you can live in the US, your first $100,000 or so in salary is taxable, with rest deferred at 4%. If you live offshore and qualify for the FEIE, your first $101,300 is

Bearer Share Company Hack
06/09/2015 - 11:56 AM
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Bearer share companies have gone the way of the dodo. Here’s the offshore company hack to create a bearer share company like structure to maximize privacy and protection. First, a word on bearer share companies. Back in the day, bearer share corporations allowed for anonymous ownership of assets and bank accounts. Whoever held the shares

Offshore Shelf Company
06/03/2015 - 10:04 AM
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I’m frequently asked about the use of offshore shelf companies in international business. If you are debating between forming a new offshore corporation or buying an offshore shelf company, read this article before spending the extra cash. Some online incorporators market offshore shelf companies as the greatest invention since the numbered bank account. I think

IRS Data Collection
11/14/2014 - 12:03 PM
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Did you form an offshore company but the business didn’t go as planned? Do you need to close an offshore company? There are two ways to go about this. To close an offshore company that’s never done any business and has not yet opened a bank account, “allow it to die a natural death.” This

Foreign Pension
10/08/2014 - 10:04 AM
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If you’re working abroad for a foreign company, watch out for the foreign pension tax trap.  If you get caught, you might be paying double tax on your retirement income… once when earned by the U.S. and once at distribution in your country of residence. First, let me say that this is not meant as

U.S. Source Income
07/21/2014 - 2:54 PM
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All income that is U.S. source income is taxable in the United States.  Income that is not U.S. source income is not taxable.  So, planning to ensure your business income is not considered U.S. source income is the only way to keep Uncle Same out of your wallet. This article will describe U.S. source income

Chile
07/18/2014 - 6:17 AM
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If you are doing business offshore, you need to understand the IRS Controlled Foreign Corporation rules.  It is these tax laws that allow you to retain earnings from an active business offshore.  These same rules force you to pay tax on passive income.  If you have a non-U.S. partner, then avoiding the Controlled Foreign Corporation

Best Offshore Company Jurisdiction
06/25/2014 - 5:00 AM
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Want to know which is the Best Offshore Company Jurisdiction for your business or your assets?  Are you considering living, working or investing abroad?  Then this offshore company guide is a must read. Please note that, when I refer to the Best Offshore Company Jurisdiction, I mean the best jurisdiction for your offshore structure.  An