Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

LIFE WITHOUT BOUNDARIES

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Finance

Offshore Banking 101 – Setting Up Your Tax Haven

  • March 1, 2019
  • BY Mikkel Thorup
Total
0
Shares
0
0
0

Offshore banking is one of the best ways to avoid tax payments and other financial regulations. Syphoning your personal income or your company profits to tax havens can save you large sums of money. It gives you access to specialist financial services and may also give you access to novel investment markets.

Forming a major component of Flag Theory, offshore banking is an integral part of achieving absolute financial freedom. As you save up more money and create lucrative investment portfolios, you can live a life unencumbered by financial and civic obligations.

 

Why Move Finances Offshore

When you’re trying to achieve financial stability and sustainability, an offshore bank account can offer major tax and financial advantages. Some examples of the advantages you can enjoy are:

 

Tax Breaks and Low Tax Payments

Once you’ve moved your funds out of the country, it no longer falls under the jurisdiction of the country of origin. Although you may still be subjected to native financial regulations, since the funds originate in your home country, differences in banking regulations can offer higher profits and low-profit taxes.

 

Privacy

Banking systems in Germany and Switzerland literally thrive on the privacy that they offer to clients. Shifting your funds to these banks can ensure that your financial records aren’t scrutinized for any reason, but this is starting to change with unethical programs like GATCA (Global Account Tax Compliance Act) and FATCA (Foreign Account Tax Compliance Act).

 

Specialist Financial Services

The banking sector in Singapore is known for the financial expertise their consultants can offer. Since the country is at the centre of the world’s finance, Singapore has specialized in financial services. With their advice and portfolios, you can develop immensely profitable portfolios and low taxes on profits.

 

Setting Up Your Tax Haven

When we say set up your tax haven, this implies moving your finances across advantageous locations across the world that don’t have high tax rates or stringent tax policies. Some ways you can save your incomes and profits from high taxes are:

 

Syphoning Funds Directly to Foreign Banks

If you move your incomes to offshore banks, then these become a part of the economic systems of these countries. These funds are going to be difficult for your native countries to go after considering how they’re no longer part of your native country’s financial systems.

 

Registering Companies Offshore with Native Banks

Corporate profits are subjected to huge amounts of taxes owing to the scale at which these major organizations generate revenue. To avoid having to pay these corporate taxes, these entities register themselves in offshore locations to let offshore banks manage their funds.

This reduces the amount of tax they have to pay on their revenues and banking practices ensure that the profits are untouched even if interest is generated on these funds.

Transferring your wealth and incomes to these countries is an easy enough process.  It involves filling out some very basic paperwork and registering addresses and offices in the country of choice. As long as you are not American, once your wealth is associated with offshore locations, you are no longer supposed to pay taxes on incomes because the incomes aren’t in your home country anymore.

Expat Money Show is a financial consultancy that offers clients the opportunity to move their financial assets to offshore locations for immense financial advantages. We specialize in helping clients create offshore banking accounts, offshore companies in addition to advising them on the best offshore locations and ways to preserve their wealth. Get in touch with us today for more information on our service or to hire our services as your consultants.

 

 

If you’re considering traveling or moving abroad, be sure to explore your healthcare options. Visit International Citizens Insurance to learn more and get a free quote.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • offshore
  • Offshore Banking
Previous Article
  • North America

What is a Mexican Fideicomiso?

  • October 9, 2018
  • BY EA Editors
View Post
Next Article
  • Panama

Comparing Retirement in Panama to Retirement in Florida

  • June 1, 2019
  • BY Brooke Cobb
View Post
You May Also Like
Low-Tax Countries to Save Money in 2025
View Post
  • Plan B
Where Expats Are Moving to Keep More of Their Money
  • BY EA Editorial Staff
  • August 27, 2025
Belize Offshore Banking
View Post
  • Plan B
Why Belize’s Waters Run Deep in Offshore Banking
  • BY Luigi Wewege
  • August 20, 2025
International Banking Structures
View Post
  • Plan B
Tax-Friendly Banking Solutions for International Investors
  • BY EA Editorial Staff
  • August 13, 2025
View Post
  • Interviews
Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
  • BY Isha Sesay
  • July 19, 2025
Reduce Your Taxes by Moving Abroad
View Post
  • Plan B
Legally Reduce Your Taxes by Moving Abroad
  • BY EA Editorial Staff
  • July 16, 2025
best place to retire
View Post
  • Plan B
Retiring Abroad: Where Can You Actually Afford to Live?
  • BY EA Editorial Staff
  • June 18, 2025
Not all retirements are created equal—especially when taxes are involved.
View Post
  • Plan B
How to Retire Tax-Free Abroad
  • BY EA Editorial Staff
  • April 23, 2025
Investors diversify globally to protect their future.
View Post
  • Plan B
Why Every Investor Needs a Plan B Abroad
  • BY EA Editorial Staff
  • April 3, 2025
Trending Posts
  • Moving to Morocco: a palette of Tradition, Texture of Tradition 1
    • Morocco
    Top 10 Things to Know if You’re Moving to Morocco
    • August 18, 2025
  • Croatias Tourism: Aerial view of Croatia’s stunning Adriatic coastline, where historic towns meet turquoise waters 2
    • Croatia
    Croatia’s Journey to Wonder
    • August 22, 2025
  • Albania Travel Guide: City views in Tirana, Albania on a summer afternoon 3
    • Albania
    Albania’s Bold New Beat
    • August 15, 2025
  • Belize Offshore Banking 4
    • Plan B
    Why Belize’s Waters Run Deep in Offshore Banking
    • August 20, 2025
  • The search for a second passport has shifted from luxury to necessity for many Americans 5
    • Second Residency
    America’s Second Passport Fever
    • August 25, 2025
InterNations
Know Before You Go
  • Croatias Tourism: Aerial view of Croatia’s stunning Adriatic coastline, where historic towns meet turquoise waters 1
    • Croatia
    Croatia’s Journey to Wonder
    • August 22, 2025
  • Moving to Morocco: a palette of Tradition, Texture of Tradition 2
    • Morocco
    Top 10 Things to Know if You’re Moving to Morocco
    • August 18, 2025
  • Albania Travel Guide: City views in Tirana, Albania on a summer afternoon 3
    • Albania
    Albania’s Bold New Beat
    • August 15, 2025
  • Luxury Travel Experiences with Christina Tan 4
    • Interviews
    Inside the World of Luxury Travel with Christina Tan
    • August 11, 2025
  • Friendly locals and relaxed daily life in The Gambia 5
    • Africa
    Could The Gambia Become Africa’s Next Digital Nomad Safari?
    • August 8, 2025
Learn More
  • About Us
  • Contact Us
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/