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Articles tagged with: tax-avoidance

21February

Offshore Tax Havens and International Financial Centres

The Rise of International Finance Centres

dual citizenship second passportThe stereotype associated with the words ‘offshore tax haven’ is depicted with many negative connotations, many of which are often exaggerated depictions and plagued with erroneous associations. Accompanying imagery brings up tropical Caribbean destinations in which greased whiten linen suit wearing mafioso types hand over briefcases full of unmarked currency to a local attorney who launders the money through an intricate series of offshore transfers.

The exaggerations, largely conjured up through Hollywood blockbusters, fills the head with such conceptualizations by exploiting the publics craving for tabloid-like headlines. As if often the case, the reality is a far cry from the romanticized picture captured by the camera.

Posted in offshore company formations, tax avoidance, international finance company, tax haven articles

31January

A Brief on the History of the Offshore System

A Short Introduction

bank The Offshore financial sector can be seen to have first begun in 1815, Vienna, when Switzerland stated that it was to become a neutral state. The industry developed slowly over the next hundred years and was primarily used by the European elite, remaining a relatively small scale industry.

It wasn’t until after World War II as the British middle class sought a way to protect their assets from a successive series of oppressive British governments who imposed a punishing top income tax rate of 90% that the development of a more expansive unregulated financial industry was established.

British legislation was passed during the 1960’s that gave permission for the use of trusts; together with the creation of the Euromarket this effectively gave banks permission to carry out unregulated deals with foreign entities if they used foreign currency, which both helped to create a more liberalized financial system.

Posted in tax avoidance, tax haven articles

31December

The Potential of CryptoCurrency

Crypto-currency and the future of Offshore

crypto Digital currencies or what are referred to as cryptocurrencies are an alternative medium of financial exchange and has gained momentum in the last few years, promising to reshape the global economic infrastructure by revolutionizing the medium in which goods are exchanged. The possibility of cryptocurrency is enormous, and it is difficult to estimate the impact it could have as the industry is relatively still within its early stages of experimentation and development. That being said, there are a few areas to keep an eye on

  1. The Banking Industry - Bypassing the current stranglehold that centralized banks retain giving rise to Crypto Personal Investing empowering individual financial autonomy;

  2. Individual Fund Management and Exchange - Revolutionary blockchain technology and Peer-2-Peer transactions will reshape the mode of exchange giving fluidity and transparency like never before; and

  3. Fundraising and Venture Capital - The rise of Crypto Initial Coin Offerings (ICO) offers a new way to generate funds, build revenue, and offer investment incentives.

All of which will give individuals more autonomy, security and transparency in a highly decentralized and individualized transactional economy.

Posted in tax haven articles, offshore asset protection strategies articles

28January

Paradise Papers Prove Offshore is not Only for the Rich and Famous

Why the Offshore Industry Will Continue to Thrive

paradiseThere are many reasons why an individual would chose to go offshore; as an alternative to the traditional banking system, offshore structures give individuals a form of asset protection that is unrivaled within the standard financial industry allowing complete security for all variety of assets.

The release of the Paradise Papers shows how it is used not only among the fringes of society, but is being used by some of the biggest names and companies in the world. If these companies and individuals are going offshore for wealth protection and tax planning, there is a good chance that they are doing so for a reason. There is a widely held misconception that offshore protection is used only by the wealthy elite and is not for the average citizen; however like all stereotypes the offshore industry suffers from many perceived illusions.

Posted in offshore foundations, offshore company formations, tax haven articles, offshore asset protection strategies articles

03January

Why Going Offshore Matters More in the Wake of the Paradise Papers

Why Offshore Companies are for Everyone

paradiseIn the wake of the Paradise Paper leaks, there has been a public outcry in response to the revelation of documents connecting high profile figures and companies with offshore accounts in low-tax jurisdictions.

Though the Paradise Papers revealed no illegality, governments and the media have criticized those named in the documents accused of safeguarding wealth overseas to avoid paying higher tax rates.

Those named included the Queen of England, members of the US and Canadian Governments and Apple amongst others. Exploiting the public’s desire for sensationalism the media has continued to portray offshore banking and finance as a shadow world of illicit underground dealings failing to recognize that it provides a necessary service that enables and supports the globalized economic structure providing many services for industries across the spectrum.

Posted in offshore company formations, tax avoidance, tax haven articles

29May

Taking the Mystery out of Panama Foundations

Demystifying Panama Foundations

Demystifying Panama Foundations BLOG 55764706Provide yourself the legal structure to reduce your tax liabilities and protect your assets from needless claims and lawsuits.

A Panamanian Private Interest Foundation (PPIF), more commonly known as a Panama foundation, can protect your estate from legal disputes after your death to ensure that your estate will pass to your chosen beneficiaries without undue complications.

Posted in offshore foundations, panama tax haven articles, tax haven articles

15April

Living in Panama with the Panama Friendly Nations Visa

Retire in Panama | Panama Immigration | Panama Passport | Panama Residency

Panama Friendly Nations Visa BLOG Skyscrapers in Panama CityIf you’ve always wanted to retire in Panama or if you’re thinking of moving to panama, now is a great time to turn those thoughts into action. Panama is considered by many to be the easiest country to get permanent residency.

Panama immigration laws allow citizens of many countries deemed 'friendly', including the United States, Canada and most of the Eurozone countries, to apply for a Panama Visa and acquire permanent residency.

The law, known as Executive Directive 343 and established in 2012, gives qualified foreigners from these countries and their eligible dependents the fast track to permanent legal residency (and an immediate official identity card).

Posted in tax haven articles

20March

Tax Avoidance Strategies in the EU

shutterstock 125238224 Tax Avoidance Strategies EUAlthough the formation of the EU brought unity to its member nations in a number of ways, there remains substantial difference between the laws of those member nations. Tax avoidance strategies in the EU vary by country.

Some offshore tax haven countries have streamlined taxation laws that are fair to large investors, while others, such as Cyprus and Switzerland, have recently caved to foreign pressure and made their tax policies more stringent. Here, we'll take a look at some of the most popular nations among tax-savvy investors.

Posted in tax haven articles, offshore asset protection strategies articles