One of the most confusing areas of going offshore are the benefits of the offshore company. Will going offshore reduce your taxes? The answer is a qualified maybe. Will an international corporation or LLC structure protect you from creditors? The answer is a resounding yes. In this article I will attempt to describe the benefits of
Before forming an offshore company, give some thought to where you will incorporate that entity and where you will operate the business. Of course, these don’t need to be the same country…you may do better to incorporate in one jurisdiction and operate from another. The following article will help you select the best jurisdiction for
As America hurdles towards default, more of us are considering diversifying out of the United States and planting the first flag offshore. While there may be some last minute backroom deal to stave off disaster, many of us have lost confidence in a system out of control. If this resonates with you, I suggest you
There are many US tax benefits to living, working, and/or investing offshore. This article discusses each of the Tax Benefits of Going Offshore in detail with links to supporting information. If you are considering going offshore, this is a must read.
Any offshore business owned and operated by a US citizen must file IRS Form 5471, an FBAR, and disclose all of its dealings to the US government. Here, you will learn how to legally reduce or eliminate these filing and disclosure obligations. Most importantly, you must file US Treasury Form TD F 90.22.1 (generally referred
If you are living and working abroad, you can eliminate US tax on your business income with an offshore corporation.
The key to maximizing the tax benefits of being offshore is to generate retained earnings in an offshore corporation.
An Offshore Corporation can be a great tax tool, but is fraught with risk for the uninformed