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World Wide Offshore Consulting

Offshore Blog
 

EST. 1996

21January

What Is an Expat & How to Become an Expatriate in 2021?

become an expat

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.

29September

Swiss Offshore Crypto Exchange: Why Switzerland Is A Great Place To Start A Crypto Exchange

Benefits of a Swiss Crypto Exchange

Swiss crypto

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.

This article will talk about crypto wallets, offshore exchanges and why Switzerland may be the best country for offshore crypto enthusiasts.

28December

Why and How To Use an Offshore Tax Free Company for Startups & Small Businesses

offshore company startup

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.

14January

Why You Need an Asset Protection Attorney to Help You Protect Whats Yours

asset protection attorney1

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.

04January

What are the Differences and Benefits of Cryptocurrency vs Fiat Currency

crypto for economy

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.

31December

The Potential and Future of Offshore CryptoCurrency

Cryptocurrency 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:

16October

Offshore Financial Centres vs. The World: OFC Benefits & How They Work?

The Rise of International Finance Centres

dual citizenship second passport

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.

03January

Why Offshore Companies Are Even More Important Since The Paradise Papers

Why Offshore Companies are for Everyone

paradise

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.

30August

Advantages of Offshore Investing

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.

02September

The Most Prevalent Estate Planning Mistakes and How to Avoid Them

Bay of Panama

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.

15August

What Are the Disadvantages of an Irrevocable Trust?

trust assets

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.

14July

What are the Different Types of Special Needs Trusts?

special needs trust

Special needs trusts are set up to benefit persons who are minors, mentally/physically disabled, or suffer from long-term illnesses that render them unable to carry on fiduciary activities.

These trusts provide a way to protect assets and can be seen as “asset reservoirs.”  The disabled person may receive an inheritance or an accident benefit settlement, or contributions from well-wishers.

Government programs are designed for people whose income is too low to support their needs. Hence, a person with a disability who has an income above the specified limit will not be eligible to receive these benefits.

15February

UK LLP vs Scotland LP

The differences between a Limited Liability Partnership and a Limited Partnership

LLP

There are a multitude of offshore products and jurisdiction all offering a dizzying array of possibilities and locations with a wide range of products and characteristics.

While many company formation vehicles often appear similar each have their own unique attributes that can support the proper growth and protection of a business depending upon its specific needs and circumstances.

Within Europe, the United Kingdom (UK), remains the most sought after jurisdiction due to its location, opportunity and reputation.

The UK offers several company formation vehicles: the UK Limited Liability Partnership (LLP) and the Scottish Limited Partnership (SLP) are two such options that give clients a wide range of possibilities.

08February

New Zealand LP vs Scottish LP

Not all Limited Partnerships (LPs) are created equal

NZLP

A Limited Partnership (LP) is a hybrid structure that enjoys many benefits due to its flexibility to be used in many forms and for virtually any purpose, that become popular over the last thirty years due to its tax transparency, separate legal personality, and its ability in taking on limited partners.

Out of the many jurisdictions that offer LP’s – the New Zealand Partnership (NZLP) and the Scottish Limited Partnership (SLP) are two such structures that deserve special attention.

The NZLP is a relatively new structure taking form in 2008 through the New Zealand (NZ) Limited Partnership Act; though it is often viewed as having more restrictions and requirements than many ‘traditional’ offshore structures it makes up for it in its respectability and reputation

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.

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.

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.

26February

Reasons to Hire a Wrongful Termination Lawyer

While most of us want to get a job and advance in our careers, things do not always turn out as planned. There are unfortunate times when you will find yourself getting terminated from work unfairly. For example, your jealous workmates may collude to get you fired – either because they just don’t like you or want to inherit your position.

Losing your job is one of the most traumatic experiences in life. Whether you have been fired or laid off in a company-wide retrenchment, the experience can be very humiliating, painful and stressful. The situation however can be more painful when you have been terminated unjustly through sexual harassment, discrimination or other unfair treatments. 

Whatever the case, there are rules that protects the employee against unlawful termination. Below, we will look at the situations where you can lay a claim through a wrongful termination lawyer.

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.

25February

How to Choose an Accountant for your Small Business?

Setting up a small business, while eventually rewarding, can be difficult sometimes. In every aspect of running your business, it is hard to be great, which is why having a proper support system is a key component of your overall success. 

You should not understate the importance of a good accountant, regardless of the field in which your small business falls. One of the most significant choices a small business can make is finding the right accountant. 

27February

Ways to Get Rid of Your Small Business Debt in 2021

Numerous small businesses are still encountering extreme hardships and pressure due to the pandemic and are compelled to keep on adjusting to ever-evolving rules of lockdown and embrace new practices for keeping employees and customers safe.

Eric Dalius says that we know that these small organizations are an integral part of the economy however, they are financially quite weak with very little resources for buffering and withstanding minor financial shocks. Small businesses should be more proactive in terms of getting rid of overpowering debt.

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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



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