Trusts are special purpose financial vehicles that are designed to hold and safeguard assets for the benefit of one or more beneficiaries. The person who funds the trust is known as the grantor, and the trust acts as a separate legal entity that manages the assets which the grantor transfers. Trusts are widely used for estate planning, asset protection, financial privacy, and tax optimisation.
There are several varieties of trusts, each with their own unique features and use cases. Two of the most common and widely used types of trusts are that of a “Living Trust” and a “Land Trust”. In this article, we explain what each of these types of trusts are, and the benefits and uses of each.
Trusts act as separate legal entities which an individual can form to manage his/her assets. Trusts are highly effective financial vehicles which are regularly used in estate planning, asset protection, tax optimisation, and more. There are two distinct types of trusts: a revocable trust (also called a “living trust”) and an irrevocable trust.
These two basic types of trusts have distinct features which make them comparatively more or less useful in different circumstances. Simply put, a revocable trust is one where the terms can be modified at any time by the owner of the trust, or even cancelled entirely. An irrevocable trust, on the other hand, is one that cannot be changed after it has been created without the express consent of the beneficiaries (and even then, limitations often apply).
You've probably heard of lawsuits before. They're often talked about on the news and in the papers, as we never think it could happen to us. Often the first questions that come up are: what does it mean and how can I avoid them?
Many people are under the impression that they have nothing to worry about when it comes to protecting their assets. However, this is not always the case. If you get hit with a lawsuit and your assets are exposed you could be held liable and lose your entire life savings.
The best way to protect yourself from lawsuits is by creating an asset protection plan. This will allow you or your loved ones to maintain control over your property even if a lawsuit occurs.
A cryptocurrency is a form of digital currency that can be exchanged online. It's an exciting new way to make money and invest in the future. If you want to take advantage of this opportunity, there are many things that you should know about how cryptocurrency works.
We'll discuss the pros and cons of incorporating cryptocurrencies into your business strategy, as well as several other important considerations for running a successful company with bitcoin integrations.
A crypto savings account can help you increase your investment yield by leveraging the volatile crypto market. The rise of bitcoin investing in the last few years has also created a rise of several different crypto account types in response to the explosion in demand.
Crypto savings accounts have some differences from traditional banking and do not offer the same level of security you would expect in a traditional savings account. Nonetheless, the reward of higher yields is enough to attract a big slice of the crypto investment space.
Just as every part of the world varies in terms of culture, climate, standards of living, and political systems so too do their tax systems.
Each country has its own unique tax system with opportunities hidden if you know where to look. In high tax countries, governments seek to redistribute some of the wealth by placing progressive tax rates on the wealth as high as 60% in some places in Europe, in an effort to increase equality. The result that follows is often a flight of capital to low-tax countries where the wealthy move their assets overseas to escape the outrageously high tax burden.
Many countries around the world levy income taxes on crypto transactions, however, there are 10 countries that welcome crypto investors with open arms and do not levy taxes on bitcoin income, storage, and transactions.
The last year has seen people flock to investing in crypto. At the same time people have been looking for ways to maximize their savings. If that's you, then read on to find out the best countries out there that may just help you avoid capital gains tax. However, even though they do not have capital gains tax, whether or not you can benefit will depend on where you live.
In this article, we will reveal ten tax-free countries suitable for bitcoin investors where you can keep all your profts free from taxation. Let’s get started.
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.
Trusts as financial vehicles are exceptionally flexible. They are one of the most useful devices you can employ to effectively manage your asset & wealth. Whether you are looking for asset and wealth protection or simply looking for a more efficient way to manage your taxes, the formation of a trust fund may just be the resolution you are looking for.
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. They provide an incredibly simple and effective way for projects and startups to raise large amounts of capital quickly and affordably.
IPOs, on the other hand, are slow and cumbersome by comparison. It can take a long time to obtain the relevant regulatory permissions, and there are often high barriers to entry for smaller projects and startups. In this article, we look at some of the ways that ICOs can be used, and the best countries in which to launch a successful ICO.
When it comes to Bitcoin and other cryptocurrencies, many banks around the globe steer clear. They often avoid or even ban the use of crypto in their accounts due to a perceived threat to FIAT currency and their operations as a whole.
They also tend to believe there is a high risk of fraud and money laundering when crypto is in use.
If you want to open a bank account that your creditors cannot touch, there are a few options to explore. While there is no guarantee that creditors will not seize your assets once it is discovered it is still possible to protect your assets through a number of ways.
The key here is creating a structure before you become involved in any legal situation as it is much easier to protect assets before a lawsuit is brought forward.
There are numerous unpredictable risks to your personal assets. Most concerning are those associated with unexpected lawsuits (liability suits, divorce, creditor claims etc.). Having a solid asset protection plan in place can be a lifesaver when these unfortunate situations arise which threaten your valuable wealth. The best way to ensure your assets are well protected is to be prepared with a comprehensive asset protection plan well in advance. However, the reality is that many do not make the necessary preparations, and are left with their assets fully exposed in the midst of a lawsuit.
A rapidly increasing number of Americans have been renouncing their US citizenship over the last decade, reaching an all-time record of 6,705 in 2020. This trend has been accelerated by the stringent tax regulations which have been opposed upon US citizens in recent years, complications related to information sharing like FATCA, and various other complex factors.
Those considering following suite should be warned that it is not an easy process. There are complexities and costs involved in renouncing your US citizenship, and it can create additional tax burdens in the beginning.
Since the inception of the European Securities and Markets Authority (ESMA) regulations in 2018, the European watchdog has put out new regulations that have limited the use of various financial instruments in an effort to restrict what might be seen as excess in the trading market. Some of the restrictions were: a ban on binary options, places a 50% margin stop out, and putting a ceiling on leverage for retail traders at 1:30.
While this was done with the right intention, to try and protect traders from going all in and overexposing themselves there has, as a result, been a movement away from Brokers that have EMSA oversight, as there are fewer possibilities to make windfall profits.
Do you want to start your own business abroad, but don't know where to begin? In this article, we will provide some tips and advice for people who are looking into starting a business overseas. We have included information about how to get started, what it takes, and some things to look out for.
Going global is not just a passing trend; with the corporate tax rate at 21 percent in the US, going abroad is likely here to stay. It's no wonder why so many companies have backpacked their bags and are moving abroad.
There are many reasons why you should hide your assets. High net worth individuals are not the only ones that might feel under constant threat of having their hard-earned wealth seized by the wrong hands. There are a variety of genuine threats to your money, 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 so that you can sleep well at night.
Technology has made it possible so that anyone with a bank account and internet connection can get access to any market with a few clicks whether its buying stocks, investing in precious metals, or trading in cryptocurrency.
These same advantages allow people who live and work in one country to conduct business in another instantaneously. This global movement of goods and capital gives individuals the opportunity to make the most of local laws in foreign jurisdictions.
International import and export trading companies usually involve themselves with buying goods cheaply in one country and selling them at a profit in a more economically developed nation. Due to the cross-border nature of the activities, an offshore structure is well suited.
Trading companies generate their profits in the country in which their goods are sold, which means they can benefit from tax breaks and exemptions if they establish themselves in a tax-neutral offshore jurisdiction (either one with zero taxation or territorial tax system).
There are a number of different corporate vehicles that you can form in the UK. When deciding on setting up a listed company, the two types of listed companies that you can choose from to start in the UK are Private or Publicly Listed Company (PLC).
In this age of increasing globalisation and remote connection, more entrepreneurs are taking advantage of the opportunities which exist on foreign soil and the advantages that come when starting an overseas business.
Starting a business in a foreign country can come with additional challenges and obstacles, but it can also be extremely rewarding when you are able to make exploit the advantages of local conditions in parts of the world that are favorable to different types of industries. Different countries have different strengths, market conditions and industries that are unique. If you are looking to into forming a project abroad we have outlined a few key factors to look into and the steps you can take if you decide to form an overseas 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.
Bitcoin is back into the public mind as its continual resurgence has led to an increasing interest in not just individual but corporate buyers. However, technical vulnerabilities continue to be exploited, scams are appearing all over the place, individuals holding large quantities are being targeted, and hackers are preying on those with inadequate crypto security.
For the most part, due to the decentralised nature of cryptocurrencies, there is an every-man-for-themselves attitude when it comes to crypto security. Due to the lack of a centralised entity, we are our own banks; this means no-one other than ourselves can guarantee our holdings. If something goes wrong outside of a well-established exchange it’s unlikely you’ll see those funds again.
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.
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.
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.
Today’s modern economy and technological era has shifted the way we live and work. An increasing number of people are taking up a ‘freelance’ lifestyle, working remotely and becoming less bound by physical location. Those who have embraced this new way of living get to carve out their lifestyle in a way that was not really possible a few decades ago. The freedom to travel, work on the beach, and make your own hours is a lifestyle that a new generation of entrepreneurs are gunning for and we are here to help make that happen.
In this article, we will explore the benefits of using a tax-free offshore company for freelancers as a way to structure their business activities, the best options available, and some final considerations to really ensure the greatest tax reduction possible for their unique situation.
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.
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 explain why overseas incorporations benefit from being operated overseas, and how to go about using an offshore company for your online business.