You’re definitely not the only one who is tired of having a substantial chunk of your hard-earned income vanish due to exorbitant taxes. It’s no secret that many developed Western nations such as the United States, Canada, Australia as well as many European countries, levy massive income taxes on their high-earning citizens. 

More people are becoming attracted by the “expat lifestyle”. A portion of these actually take the leap in search for greener pastures. On the other hand, many spend years dreaming about it without actually doing anything. 

In this article, we will begin by looking at what exactly an expat is, what it is like to be one, and how to practically take the steps needed to become an expat in this current day.

If you are looking to form a non-profit, they can benefit from a number of advantages and have a wide range of uses that go beyond the narrow definition and what are traditionally referred to as a not for profit organisation.

Additionally when incorporating in an offshore jurisdiction nonprofits have the added benefits such as higher asset protection, confidentiality and added tax leveraging. 

Asset Protection Trusts, though seemingly complex, offer arguably the highest level of asset protection of any of the financial vehicles available. It is important to choose the right Asset Protection Trust type and structure to maximise the benefits available.

An asset protection attorney is someone who assets you in putting together an asset protection plan that works for you and your unique situation.

Are you exploring ways to set up a shell company which can help solve your financial needs? 

A shell company can be an extremely useful financial tool in a variety of circumstances. In the past, a minority of these types of companies have been used by criminals to assist in their illegal activities. However, in actual fact, shell companies are completely legal and have many legitimate uses. 

In this article, we will explain what exactly a shell company is, what it can be used for, and how to set one up.

Asset protection planning is a vital aspect of your personal wealth management strategy. Creating the protection plan to safeguard your wealth involves careful consideration of your circumstances and the tools which are available to you.

In this article, we will look at what asset protection planning is, why you need it, and the different tools which can be utilised. 

Ever since the birth of Bitcoin in 2009, the face of the global financial system has changed dramatically with both adoration and criticism coming from all directions. The rise of cryptocurrency's prominence since and its entrance into mainstream culture has given investors and tech-enthusiasts much to speculate about.

One of the central themes that have captured their imagination is the role that cryptocurrency will play in the changing landscape of the global economy.

There are many sound reasons to consider hiding your money and assets. High net worth individuals may feel under constant threat of having their hard-earned wealth seized by the wrong hands. There are a variety of genuine threats to your assets, including unexpected lawsuits, creditor claims, sour divorces, and exorbitant taxes, to name just a few.

In this article we will explore some of the more popular and effective ways to legally hide your money and assets from the wrong hands. But first

Starting a new business is an exciting, yet daunting, adventure! There are so many different variables to consider. Research has shown that about 90% of all startups fail, and more than 20% don’t even make it through the first year.  

In order to avoid being yet another failed startup venture, it is essential to make sure that you have considered all aspects of your business strategy. You need to make the optimal choices on multiple fronts to give your business the best chance of success.

If you’re a business owner who plans to move to another country and acquire residency through investments, you might want to try your hand at cryptocurrencies. These digital assets are among the innovations today that gain mainstream adoption for competitive businesses.

But what are cryptocurrencies? Why is it important for an immigrant investor like you to find a crypto-friendly country if you plan to buy Tether (USDT), Bitcoin (BTC), and other cryptocurrencies and utilize them for business to migrate permanently?

Incorporating an International Business Company (IBC) can be a great way to eliminate your taxes, protect your assets, and internationalize your portfolio.

In this article we will explore what exactly an International Business Company (IBC) is, its various uses and benefits, how to go about forming an IBC, and the best places to do so. 

Finding the best business structure for your business is hard work. Each type of entity has a different form that comes with different regulations and is best suited only for certain businesses. The question then is: what structure is best for me?

There are many different types of business structures to choose from that each will have its own unique blend of liability, tax reduction, privacy, that will reflect the country it is in and the local corporate laws that govern the structure.

Setting up a business overseas especially if you are running an online business can give you many benefits that likely to outweigh any local domestic formation structures. The rise of online e-commerce and the digital marketplace has created a surge of businesses looking for alternative solutions for incorporating.  

If you are reading this article, then chances are you already know what an Amazon FBA seller is, and why you would want to consider selling on Amazon FBA with your new or existing business

Offshore companies are highly versatile and advantageous financial vehicles, which can be used for many different purposes. 

Online trading involves the buying and selling of stocks, forex, precious metals, commodities, and other financial derivatives. Each trader needs a broker in the jurisdiction and market where they want to execute their trades, along with a trading account.

There are two reasons experienced traders often use offshore companies to protect their forex trading accounts.

Starting a company in the USA is a great way to expand your business and take advantage of the opportunities that a US-based corporate structure provides. 

Many want to know: Can a foreigner start a company in the US?

The answer is ‘yes’. You do not need to be a US-resident or citizen to form a company in the USA. Both foreign persons and foreign companies can form a US company, and get access to the even greater benefits that owning an offshore company provides.

For most of us who have lived all our lives in one of the many high-tax nations of the world, we simply take it for granted, without ever questioning the moral justifiability of taxation. In the US today, almost 40% of your income can be legally seized by the state in the name of taxation. The situation is as, if not more, bleak in many other developed first-world nations.

Proponents of taxation argue that it is a necessary aspect of funding the country, providing to the needy, creating social equality, infrastructure, etc. However, if one puts all these theories aside and looks at what taxation really is, it is easy to see why some political philosophers and libertarians have held the view that “taxation is theft”. 

If you are thinking of setting up an online business establishing a company in a country overseas can be more advantageous than incorporating domestically.

While not every company stands to benefits from incorporating offshore, those that do are primarily online businesses that do not have a local or physical presence. In this article we will provide an overview of these different categories of online businesses, why they can benefit from being operated by means of an offshore company, and how to go about using an offshore company for online business.

The Caribbean Island of Puerto Rico (officially called “The Commonwealth of Puerto Rico”) is one of the best retirement destinations for US citizens today. This is partly because it is itself a territory of the United States, which comes with many unique advantages. 

Besides Puerto Rico’s obvious allure as a beautiful and laid-back tropical island, there are many practical benefits for prospective retirees to consider. First and foremost, Puerto Rico is the only ‘offshore’ tax haven that is a part of US soil.

In the event that you need to leave the country and find somewhere safe to lay low, where would you run?

Jason Bourne is not the only one who might need a place to disappear. It is very possible to find yourself in a position where you would need to find another place in the world to call home. Any number of infringements can have the government after you. 

Edward Snowden and Julian Assange aren't the only ones that needed to find a place to disappear to, but unfortunately for Assange, he didn't do a good enough job of hiding.

Other notable individuals who have had to flee abroad and seek asylum elsewhere were the late chess champion Bobby Fischer, John Robles and Mark Doyon one of Assange's activists.

Recent changes on the world scene, from political to economic, have altered how we view virtually everything, from what to invest in to where we choose to live. Most of these changes, admittedly, have been negative. However, there is one place that has come out of the recent flux and uncertainty even better than before. We’re talking, of course, about the tried and true haven for the global individual, and still one of the best places to retire – Panama.

Panama has certainly always been present among the thoughts of many retirees, primarily for their low cost of living. Recent changes among the rest of the world, as well as some exciting developments in Panama itself have conspired to make it the ideal destination for any who value their financial freedom.

With cryptocurrency markets experiencing consistent growth over the last couple of years, cryptocurrency trading is ruling the roost with traders making profits manifold on their investments.

The fundamental requirement of cryptocurrency trading is to develop a wallet through cryptocurrency wallet development services to record transactions regarding exchange of cryptocurrencies, manage cryptocurrency portfolio, and maintain cryptocurrency balance. Basically, a cryptocurrency wallet development company assists business owners in creating a system to store data regarding digital exchange and digital earnings. 

The concept of tax havens has been around ever since countries decided to finance their governments by taxing their citizens.

Many countries compete by keeping taxes low and thus attracting business from high tax countries. Sometimes a country will designate a region or city a low tax or tax free zone, either to stimulate its economy or to buy the loyalty of its citizens.

Ancient Rome was a master in using tax-free areas, a sort of early enterprise zones. The first recorded instance took place in the 2nd Century BC when Rome decided to undercut the then independent Greek island state of Rhodes by establishing a tax-free port on the island of Delos. Even though Rhodes only charged a 2% on trade, it quickly lost trade to the new tax-free port and its era as a commercial power was effectively ended.

The modern world is seeing a rapid shift in the meaning of privacy. As technology advances and world superpowers extend their surveillance systems across the globe, it has become increasingly difficult to maintain true anonymity. Offshore bank accounts are not exempt from this trend.

Recent decades have seen developments such as relaxed privacy policies in Switzerland and increasingly broad surveillance by the U.S. However, knowing some more about the limitations of privacy in offshore banking can help you make sure you keep your assets protected.

The 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.

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.

With banks failing, governments coercing and economies collapsing, establishing yourself offshore is more important than ever. Despite the attention grabbing headlines showing solemn face bankers being slapped with heavy fines by the IRS for tax evasion, the offshore industry couldn’t be doing better.

The very reason why the IRS, FATCA and the US government regulators are becoming increasingly tight on foreign banks, offshore accounts and international transactions, is because the offshore industry is growing at such an alarmingly rate due to the current international political and economic uncertainties, that they felt compelled to intervene in hopes that some of the deferred tax revenue might cover their increasingly large deficit.

In 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.

When it comes to managing every aspect of your investment, the thought of dealing with foreign banks and businesses may not be the most ideal. After all, clarity and control are valuable to any investor. However, the benefits of an offshore investment account may just outweigh any potential negatives.

Offshore accounts can make trading between businesses easier, build better business ties, and help you stay informed on the best investment opportunities. Offshore investment accounts create these benefits and more for burgeoning investors. However, you need to understand all the red flags of an improperly managed offshore investment opportunity as well.

Who needs an estate plan? If you own a car, a house, or an entire room full of comic books, then the answer to that question would be you.

You don’t even have to be married or a parent, although being either or both justifies the need for estate planning even more.

Unfortunately, many Americans don’t seem to be too keen on estate planning. According to a 2017 survey by Caring.com, only 42% of U.S. adults currently have a will, living trust, or any estate planning document.

Irrevocable trusts are a special type of trust which cannot be modified, amended, or canceled, except under specific conditions. They contrast with revocable trusts, which can be changed or terminated by the grantor.

This means that once you, as the grantor, transfer your assets into an irrevocable trust, you relinquish all control and ownership over them. It also means that once you name the trustee and beneficiaries, and set the terms and conditions of the trust, it is fixed.

Irrevocable trusts have their benefits in the form of greater asset protection and tax efficiency. However, there are also some disadvantages of an irrevocable trust.