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

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

This field is for validation purposes and should be left unchanged.
  • Your Escape Plan

Wave Goodbye to Taxes

  • BY Sean Connors
  • October 29, 2016
Total
0
Shares
0
0
0

 

Taxes. Woo-hoo! Not your reaction? Didn’t think so.

Did you know that in 2015, a new record was set for the most U.S. citizenships renounced? Did you also know that the government jacked the fees up hugely to process renunciation applications? Of course, those renouncing their citizenship tend to be the wealthiest, who are always slammed by federal taxes and capital gains taxes.

One look at the number of refugees pouring into the country and it’s clear the U.S. is still the place to be for the economically underprivileged. It’s still a nation of great opportunity and high standards of living. But, while those things may fluctuate downwardly, independently successful entrepreneurs, business owners, and investors are finding themselves in a position of disadvantage relative to the government that is supposed to represent them.   

When you move offshore, you can drop several tax brackets with just a few simple, legal, and customizable steps.

As a general rule, real estate is not reportable to the IRS. This is mostly true because offshore real estate investors strategically place their assets in an offshore trust or foreign corporation. While it’s true your shares in such structures will need to be reported, real estate is not a foreign financial asset required to be reported.

Offshore trusts, LLCs, and IBCs are all common examples of financial entities used to purchase both residences and rental properties. You can enjoy the same tax breaks utilized by companies such as Google, Microsoft, and Apple. The boom in international travel, and the ever-increasing use of the internet to earn a living or manage your business from afar, has led to the expanding use of offshore banking and offshore trusts to help manage income, money, and assets so that they work best for you. Many entrepreneurs, both young and old alike, have made the decision to relocate or diversify their financial portfolios by opening offshore accounts.

It makes sense then to seek to reduce your U.S. tax liability, increase your business’ profits, and enjoy some of the most attractive and exotic climates in foreign regions of the world. It’s important that you get the steps right in order to protect your assets from the very beginning, but also maximize your earnings and limit your U.S. tax liability.

Shifting to a lower (possibly the lowest) tax bracket is not the only benefit of doing business offshore, however. You will gain the advantages of secure asset protection, prudent estate planning, strict confidentiality, much better returns on your investments, and the ability to advance active business interests overseas from a zero tax jurisdiction with basically airtight confidentiality.

All of these reasons, of course, draw people to the offshore world. But one thing about doing business offshore, whether it is simply banking, investing, or actual business operations and entities, is the freedom from tax-mad governments.

Dave S., a 53-year-old multiple business owner from Florida, transferred all of his assets into various financial structures in Belize, and dropped from the 35% U.S. tax bracket to the 5% tax bracket. He’s making more money than ever, happily enjoying the island life, and rests easily knowing his assets are far more secure here than they would be elsewhere.

Be like Dave and wave goodbye to taxes. Your financial circumstances are unique. Contact us today to find out what your best options are for managing your wealth.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • Portugal

Portugal’s Golden Visa

  • BY EA Editors
  • October 17, 2016
View Post
Next Article
  • Finance

The Offshore IRA LLC for Business Investors

  • BY staffwriter
  • November 6, 2016
View Post
You May Also Like
Top 10 Cities in Ecuador to Visit and Live In
View Post
  • Know Before You Go
Top 10 Cities in Ecuador to Visit and Live In
  • BY EA Editorial Staff
  • October 17, 2025
Starting a Business Abroad - A world of new markets and global possibilities
View Post
  • Business
The Beauty of Starting a Business Abroad
  • BY Aneesa Marufu
  • October 17, 2025
Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
View Post
  • Costa Rica
Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
  • BY Carla Rodrigues
  • October 15, 2025
How to Legally Pay Less Tax Abroad
View Post
  • Plan B
How to Legally Pay Less Tax Abroad
  • BY EA Editorial Staff
  • October 15, 2025
7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle
View Post
  • Mexico
7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle
  • BY EA Editorial Staff
  • October 14, 2025
Cost of Living in Spain: What to Expect in 2026
View Post
  • Spain
Cost of Living in Spain: What to Expect in 2026
  • BY EA Editorial Staff
  • October 13, 2025
Buying a Property abroad
View Post
  • Your Escape Plan
Why More Investors Are Buying Homes Offshore
  • BY EA Editorial Staff
  • October 8, 2025
Hungarian Citizenship by Descent Journey from Amercia
View Post
  • Second Citizenship
Our Journey from America to Hungarian Citizenship by Descent
  • BY Ethan Cohen & Learn Hungarian Anywhere
  • October 1, 2025
Trending Posts
  • Buying a Property abroad 1
    • Your Escape Plan
    Why More Investors Are Buying Homes Offshore
    • October 8, 2025
  • Expat Child Syndrome 2
    • Wellness
    The Untold Story of Expat Kids
    • October 6, 2025
  • Life between borders 3
    • Field Notes
    Living Between Continents, Cultures, and Contradictions
    • October 13, 2025
  • How to Legally Pay Less Tax Abroad 4
    • Plan B
    How to Legally Pay Less Tax Abroad
    • October 15, 2025
  • Living in Paris: Digital Nomad Guide 5
    • Digital Nomadism
    A Digital Nomad’s Guide to Living Like a Local in Paris
    • October 10, 2025
Advertise
Know Before You Go
  • Top 10 Cities in Ecuador to Visit and Live In 1
    • Know Before You Go
    Top 10 Cities in Ecuador to Visit and Live In
    • October 17, 2025
  • Costa Rica Cost of Living Guide: Prices, Budgets, and Tips 2
    • Costa Rica
    Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
    • October 15, 2025
  • 7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle 3
    • Mexico
    7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle
    • October 14, 2025
  • Cost of Living in Spain: What to Expect in 2026 4
    • Spain
    Cost of Living in Spain: What to Expect in 2026
    • October 13, 2025
  • Living in Paris: Digital Nomad Guide 5
    • Digital Nomadism
    A Digital Nomad’s Guide to Living Like a Local in Paris
    • October 10, 2025
Learn More
  • About us
  • Contact
  • Advertise
  • 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/