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EST. 1996

How much does an Offshore Trust Cost?

protect whats yours

An offshore trust is more and more being used in today's globalized world as a legitimate and highly functional tool to safeguard assets and ensure financial security. Although the world of offshore remains a mystery for many, it is a very simple yet effective means to ensure what's yours, stays yours.

Are you looking to find out, how much does an offshore trust cost, you must first understand what constitutes an offshore trust and what makes it different than a domestic trust.

What Type of Business Structure to Use for an Amazon FBA?

business strucutre amazon fba

Amazon FBA businesses have become extremely popular in recent years, as they offer an ideal way for new and small businesses to leverage Amazon’s sophisticated logistics network and get themselves off the ground.

Many people start selling their products as individuals on Amazon, and by default simply run their business as sole proprietors. However, there are a few other options available when deciding how best to structure your Amazon FBA business, and the decision can have important implications. 

LLC for Amazon FBA: What You Need to Know

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An increasing number of budding entrepreneurs are realising the great potential of selling products on Amazon’s established eCommerce platform. Amazon offers small businesses access to their advanced logistics and distribution networks via their FBA (Fulfilment by Amazon) service. 

Many people start selling on Amazon as individuals without officially forming a distinct business entity. This is not recommended as it comes with a number of risks and disadvantages.

Offshore NFT: How to Make Money from NFTs w/ A Tax-Free Offshore Company

going offshore

With the massive rise in awareness and popularity of NFTs (non-fungible tokens), along with stories of average Joes making millions in a matter of months, everyone is now trying to understand how they may partake in this market and have their share of the pie. 

If you are one of those individuals looking into ways to make money from NFTs, it is important to also consider the practical implications such as taxes.

Taxation of NFTs is complex and generally unfavourable in traditional onshore jurisdictions. As such, many investors and NFT businesses are turning to tax-free offshore company structures through which to operate in the NFT space. 

How to Open a Swiss Bank Account as a Non-Resident

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When the words “offshore bank account” are spoken, the first place that comes to many people’s minds is Switzerland. Switzerland is often regarded as the premier jurisdiction for offshore banking. 

In this article, we will explore why that is, and discuss the potential advantages of opening a bank account in Switzerland. We will also talk about the things to keep in mind when trying to open a Swiss bank account as a non-resident, and how to practically do so. 

How Much Does a Cook Islands Trust Cost?

cook islands trust

An asset protection trust is one of the best ways to protect assets from being seized by creditors, lawsuits, or any other claims. However, several considerations determine whether an asset protection trust makes sense for your specific needs.

Asset protection is worth the cost if you have assets to protect in the first place, as it ensures your assets will still be there in times of duress.

Offshore Company Tax Benefits: What You Need to Know

Offshore Taxation Benefits

Setting up an offshore company in a foreign jurisdiction can provide access to many advantages. Perhaps the most significant of these comes in the form of significant tax benefits and savings.

In this article, we will look at the various tax benefits which are often available to offshore companies along with other additional advantages. We will also discuss how to actually qualify for and best make use of the benefits which may be available.

What Is a Correspondence Address?

company taxation benefits

If you did not know already, but a correspondence address is an address from where you can send and receive mail. Businesses usually use their physical office address as their address for correspondence; however, there are situations where you might want to have an address that is separate.

This article will cover why you might want to have a correspondence address that is separate from your business and where you might find one.

Moving Your Business to a Tax Haven

Moving Your Business to a Tax Haven

Tax havens provide an ideal corporate landscape for business owners wishing to set up a company offshore and take advantage of reduced taxes, better privacy measures, and asset protection.

Setting up an offshore company in a tax haven is usually a straightforward process. However, it is important to first understand all the various factors involved and whether or not embarking on such a process is right for your specific objectives and circumstances. 

In this article, we outline what is meant by the term “tax haven”, the reasons why (or why not) one might want to set up an offshore company in a tax haven, and how to practically go about it.

Puerto Rico as a Crypto Tax Haven

crypto puerto rico

The recent boom in digital asset markets, along with the increased pressure from the IRS to tax cryptocurrency gains, has led many new crypto elites from the US to search for viable ways to ease their crypto tax burdens. 

Puerto Rico has been an attractive offshore tax haven for US residents due to its proximity, ease of access, and generous tax savings. Puerto Rico is the only ‘offshore’ tax haven that is officially a territory of the United States, which makes it the most accessible way for US citizens to avoid domestic taxation on worldwide income, simply by relocating and becoming tax residents of Puerto Rico. 

Best Countries to Start a Crypto Business

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The cryptocurrency and blockchain industry has grown exponentially over the last decade, and is now soaring into mainstream popularity. Recent years have seen a rapid increase in the number of crypto businesses looking to innovate and profit in this exciting new space. 

Unfortunately, the open adoption of cryptocurrency by many governments around the world has lagged somewhat. Some governments remain firmly anti-crypto, while others simply haven’t adapted fast enough to know how to supervise and regulate this constantly evolving space. 

Setup an LLC for Crypto Trading: What You Need to Know

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The global cryptocurrency market has experienced a massive boom in recent years. This is not only reflected in the astronomical price increases of many cryptocurrencies and digital assets, but also in the exponential growth in popularity and users of cryptocurrency and decentralised finance. 

Whether you are a seasoned crypto veteran who has been trading for years, or you are just now considering getting involved in this exciting industry, it is worth exploring the potential benefits of setting up an LLC for your crypto activities. 

Expat-Friendly Countries with No Capital Gains Tax

tax friendly countries around the world

No one likes the feeling of making incredible gains on an investment, only to see 30-40% (or even more!) of the profits getting eaten up by exorbitant capital gains taxes. Unfortunately, that is the reality in many developed nations, where capital gains taxes accounts for a large portion of total government tax revenue. 

Luckily, there are a large number of countries which have prioritised respecting capital gains of investors as they understand that it can help encourage investment and capital efficiency, and lead to an overall healthier and stronger asset market and wider economy.

As such, many of these nations levy negligible or absolutely no capital gains taxes on investment profits. 

How to Launch an Initial Coin Offering (ICO) Offshore

offshore ico

Initial Coin Offerings (ICOs) have gained massive popularity and adoption over the last decade due to their practical uses and advantages over other traditional ways of raising capital.

That being said, they are still a relatively new concept in the world of investing and venture capital. This has resulted in major differences in how they are viewed and regulated across different countries, with some taking a significantly more or less friendly approach than others.

As a result, crypto startups looking to raise capital through an ICO have tended to prefer doing so in a more favourable offshore environment.

In this article, we take you through the basics of what an ICO is before discussing why it makes sense to specifically launch an ICO in an offshore jurisdiction. We also guide you through the practical steps of how to launch an ICO offshore, and briefly mention some of the best countries in which to do so. 

Offshore Foundation for ICO: Why Panama?

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An Initial Coin Offering provides a way for cryptocurrency startups to gain direct funds from investors and venture capitalists for the launch of a new cryptocurrency. ICOs are a process by which the investor obtains tokens or virtual coins associated with a project or startup in exchange for an initial investment.

Although ICOs are a fairly new concept, it has been found that the traditional structure of a private foundation is an optimal vehicle through which to launch an ICO. This is due to various features which are specific to foundations, and which suit the ICO model well. 

Panama is one such jurisdiction that lends itself perfectly for the formation of a foundation for the purposes of launching an ICO. In this article we explore why foundations are useful entities to launch an ICO, what to look for in a foreign jurisdiction for forming an ICO foundation, and why Panama is one of the best choices around. 

How to Outsource Jobs Offshore: Everything You Need to Know

offshore outsourcing

Offshore outsourcing refers to hiring an outside company in a foreign country as a third party to help in business activities. Seeking outside helps not only helps to reduce costs and expand operations but also to get a greater return on investment.

Offshoring occurs across a wide range of industries, sectors and job descriptions from both single-member companies and large multinationals.

How to Register an LLC in Delaware

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Since as early as 1965, the US State of Delaware has been able to develop beneficial offshore structures for company formation and has become an attractive offshore jurisdiction due to its friendly corporate legislation and other key advantages. 

The preferred type of corporate vehicle in Delaware is a Limited Liability Company (LLC). A Delaware offshore LLC offers numerous advantages and uses, such as zero corporate taxation, high levels of financial privacy, fast and affordable incorporation processes, and few reporting requirements.

Limited Partnership: What is it & How do they Work?

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Partnerships are a common type of business entity which allows for multiple owners. Ordinary partnerships operate in a similar way to sole proprietorship, except with more than one owner. There is, however, the option to form a limited partnership. This is a special type of partnership with features that are akin to a limited liability company. 

In this article we will explain what exactly a limited partnership is and how it differs from a general partnership. We will also discuss some of its advantages and uses. 

Intellectual Property Holding Company: Why You Need One

IP company

Intellectual property (IP) assets include patents, copyrights, trademarks, and private data and methods. Depending on the nature of the business, these assets can often be some of the most valuable that a business holds. This is especially the case for various software, specialised product, and other innovative companies. Their IP is what sets them apart from their competitors and gives them that edge to be better than the rest.

IP is a very real asset type that can even be used as collateral when applying for loans, can be added to the balance sheet of the company as equity, and can help secure merger and acquisition deals. It therefore makes sense to protect these valuable assets in the best way possible.

Tools For Setting Up Your Offshore Business Remotely

offshore remotely

Remote, global, and offshore businesses enable entrepreneurs to tap into the most efficient services, the best talent and reach new booming markets ahead of the competition. For any type of offshore business, all you need is a set of commonly available cloud tools to set up the core communications and productivity elements of the company, enabling you to focus on key areas like product or marketing. 

How To Protect Business Assets

protect business assets

Owning a business can be a highly rewarding and profitable venture if handled correctly, but it also comes with risks. In the increasingly litigious society that we live in, businesses are faced with more claims and lawsuits than ever before. As a business owner, it is your responsibility to understand the many risks which face your business and personal assets, and take the necessary steps to protect them.

In this article we will outline the importance of asset protection and some of the best asset protection strategies that can be used. 

Starting a Business in Panama as a Foreigner

panama flag

The Central American nation of Panama has become a popular location for foreigners looking to start an offshore business. Its favourable regulations and tax regime, along with its diverse entrepreneurial opportunities and bustling economy make it an ideal place to set up shop outside one’s home country.

In fact, the Panamanian government has actively promoted and incentivised foreign investment with great success through their ‘Visión 2030 Panama’ scheme. 

How to Form an International LLC?

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There are many benefits to starting an LLC in a foreign jurisdiction. It can provide you with enhanced privacy, asset protection, diversification and help you avoid the hassles of international regulation. 

If you are looking to create an LLC overseas, there are a few steps and questions to think about before you get started.

Why Do Most Companies Try to Settle Lawsuits?

Lawsuits

Overall, nearly 97% of civil cases are settled outside of the courtroom. You may wonder why companies settle lawsuits so frequently rather than go to court, but there are a variety of reasons that go well beyond guilt or innocence. 

Let’s explore the common reasons why companies are sued, how companies decide whether to settle and why most companies try to settle lawsuits rather than go to court.

Malta Permanent Residence Programme

malta Residency program

Malta is an attractive European nation situated in the middle of the Mediterranean Sea. Many are drawn to its shores thanks to its excellent climate, high quality of life, and welcoming people. It has also become one of the most popular nations in Europe and the world to obtain residency and/or citizenship by investment. 

In exchange for mixed investment in property and a government fee/contribution, it is possible to acquire Maltese permanent residency within 4 – 6 months, with a total minimum cost of approximately EUR 150,000. 

Anonymous Offshore Company & LLCs

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Offshore companies are simply companies which are incorporated outside of the country in which the owner resides. Offshore companies have become popular financial vehicles, as they provide access to different financial and economic landscapes in potentially favourable offshore jurisdictions.

In an attempt to attract wealthy foreign investors, some countries have created friendly offshore financial environments which offer company owners greater levels of privacy, asset protection, and tax optimisation than can typically be enjoyed in their home countries. 

In this article we will explore the use of offshore LLCs for anonymity and asset protection, discuss some of their other benefits, as well as the best jurisdictions in which to incorporate an offshore LLC. 

Benefits of Having a Business Registration Number

brn

Starting a business can be a bit complicated especially if you are not familiar with the process. One of the difficulties during this first step is understanding how to operate through all the red tape that needs to be cut in order to get set up as a business.

If you have decided on incorporating your start-up business, one of the first things you should do once you create a business name and legal structure (sole proprietorship, Limited Company, or LLC) is to apply for a business registration number. This article will discuss what it is and why you need to get one for your business.

Richest Countries in the World 2022

world map

When you think of the richest countries in the world, the first ones which probably come to mind are economic powerhouses such as the United States, China, and Japan. While these are indeed among the wealthiest nations on earth with the largest economies, merely taking the gross size of the economy as a measure of wealth is not sufficient.

In fact, some of the smallest nations on earth are really also some of the wealthiest when we adjust for population size and quality of life.  

Paying Taxes on Crypto as an Expat

taxes crypto

With its highly liquid market and wild price actions, it should be no surprise as to why cryptocurrencies have become popular with investors. However, as with any other form of income, any income derived from or transacted using cryptocurrencies and other digital assets are taxable by the IRS - even if you’re an American ex-pat living overseas. 

Since cryptocurrencies are a relatively new-fangled concept, settling taxes can get complicated especially if you’re not privy to the nuances of American tax law. Compound that with living overseas, then you get a situation where Americans working abroad are opting to skip filing taxes for expats rather than going through the quagmire of tax compliance. However, this is ill-advised as the IRS has aggressive measures in place to track these types of financial activities and can land you in legal hot water when caught.

Crypto Tax Tips for US Citizens: How to Prevent Tax Evasion with Your Crypto Earning

crypto taxes

With the incredible rise in crypto trading, many people have gone on to the market to avoid paying taxes. Since cryptocurrencies were a new financial market, it took the IRS some time to reach them. The confusion surrounding the market, how it works, and if cryptocurrencies counted as an actual currency still persisted.  

Therefore, they were not able to bring about any concrete changes to the tax laws. But times have changed, and the rising popularity of the market has led to concern by the IRS as well as the President. In other words, it is safe to say that the IRS will soon be cracking down on cryptocurrencies as a whole.

Disclaimer: Offshore Protection strives to keep information on this website updated, however, laws and circumstances are subject to change. All information on this website is for reference purposes only and does not constitute legal or tax advice. Contact Offshore Protection for specific advice regarding your situation.



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