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  • Global Offshore Consultant

    Offshore Blog

    Offshore Legal Service Provider
    EST. 1996

27June

What Should You Do If You Owe the IRS Money

5 Things You Can Do To Negotiate with the IRS

IRS

Have you been walking around with a feeling of dread because you owe the IRS money? You may be tempted to go into hiding until the IRS forgets about you. Unfortunately, that isn’t going to work – ignoring your tax debt leads to serious consequences like liens, levies, asset seizures, and wage garnishments.

Here is some good news: The IRS wants to work with you to help you pay off your outstanding debt. Let's talk about what to do if you owe the IRS money – and how to get back on sound footing with them.

 

15October

What are the Income Tax Filing Requirements For A Canadian Non-Resident?

Canadain tax.jpeg

If you are a non-resident of Canada and are looking to know about your tax filing requirements as a non-resident, then this article is for you.

Despite what you may have heard, if you are a non-resident and your income originates in Canada you are still subject to annual tax reporting and will need to calculate your Canadian income tax.

If you are a Canadian living abroad here are a few things you may want to know about your income-tax filing requirements.

07June

Dubai Offshore vs. RAK Offshore

Untangling Offshore Financial Centres in the UAE

Dubai-downtown-night-scene-with-city-lights-shutterstock 84292729

The United Arab Emirates (UAE) has become an attractive option in which to conduct business, due to the Free Economic Zones that offer a number of advantages to individuals and companies seeking confidential and tax-free opportunities.

In the UAE, there are two offshore jurisdictions:

Ras Al Khaimah, commonly referred to as RAK Offshore, under the jurisdiction of Ras Al Khaimah Investment Authority (RAKIA)

Dubai Offshore, under the supervision of the Jebel Ali Free Zone Authority (JAFZA)

Thirty-eight Free Zones are offered by the seven Emirates in the UAE, with twenty-two in Dubai alone. Each zone is managed by a Free Trade Zone Authority that caters to a diverse range of business sectors and activities.

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

16October

Will vs Trust: What are the Differences?

trust vs will.jpeg

Protecting your assets is an essential part of a wealth management plan. Asset protection is primarily done by creating an entity or structure that has a legal status.

There are a number of estate planning options available, choosing the one that will best suit your needs can get overwhelming. 

In this article we will try and mark out some of the main differences between a will and a trust to see what may be right for you.

19August

Trust And Estate Administration: What You Need To Know

estate

When it comes to working out your trust and estate administration with your estate planning attorney, the earlier you do so, the better. Taking care of such affairs first can give you a sense of freedom and relief even if there is no urgent reason to do so yet. 

Since you are likely to think more clearly when not under pressure, planning presents several benefits for you and your beneficiaries. Regardless of the assets involved, estate planning is a gracious and loving legacy to leave your surviving family members. No matter if you have plenty of cash in the bank, a huge house or a large business is immaterial.

02September

Keep Track of Your Money: Cash Management Software for Personal Finance and Bankers

As of 2015, banks held over $2.6 trillion in excess reserves. But managing all of that extra cash requires time and money.

If you want to streamline your bank's cash management, you need to automate your process. The right software can help you, and it can help you optimize your time and cash flow.

Keep reading to learn more about modern cash management software.

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Asset Protection Strategies to Secure your Future

How To Protect Yourself, Your Assets And Your Future

  Why You Need A Plan B
  Threats to Your Assets
  Global Diversification Planning