Browsing Category
Offshore Structures
Why it Makes Sense to Open an International Bank Account
The overwhelming majority of individuals and small businesses around the world often only have domestic bank accounts. Sometimes, that is sufficient, but for those who are serious about…
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International Bank License in St. Lucia
One of the best jurisdictions for an international bank license is St. Lucia. In this post I’ll look at why you should consider forming an international bank in St. Lucia. Let me…
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The IRS can refuse or confiscate your passport
The IRS now has authority over your passport. The US tax man can control where you live and where you travel. In fact, the IRS is holding 362,000 passports hostage until their owners…
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Corporate and Legal Ownership Structures for Owning Foreign Property
Sandra from the Algarve, Portugal, asks: Dear Ambassador Nagel, I am considering buying property in both Europe and Central America. I have heard and read a lot of information…
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Selecting an International Corporate Strategy
Jean Luc from France asks "Dear Ambassador Nagel. I am a French National moving out of France for tax reasons and plan to move to Malaysia. I'm establishing an on-line publishing…
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How to Structure a Business in Panama
When you structure a business in Panama you need to plan for tax in Panama and tax in your home country. You also need to build in asset protection and privacy to reduce the risk of…
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Offshore Corporations in 2018
This article was published in the Escape Artist Weekly Newsletter on February 14, 2018. If you would like to subscribe to the newsletter, please click here. After all the news of…
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How Can I Set Up My Own International Bank?
This week’s question came from Yana in Romania. Dear Ambassador Nagel, I understand that it is becoming more and more difficult to set up an international bank and, especially, to…
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International Banking and Financial Entity Risk Assessment
Risk assessment for international banks and financial entities is the analysis of both internal and external forces. Internal lending and transaction procedures are weighted against…
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The H-1B Visa and Trump’s Immigration Reform
Trump’s decision to revamp the H-1B work visa, a program that his wife used to work in the United States during her modeling career, has caused concern in the tech industry. When…
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How to Plan a Family Office
Mark from New York asks: "Over the past year or so, I have had many colleagues of mine encouraging me to open a family office. I am a retired physician (current business owner) and most…
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How to Transfer Assets to Your Heirs and Avoid Estate and Gift Taxes
Chris from San Diego asks: "I am holding assets that I expect to appreciate significantly in the coming years. How can I transfer them to my heirs without estate and gift taxes?"…
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Offshore Banks are Going out of Business and How to Save Them
The number of offshore banks is shrinking fast, especially those that accept US clients. Likewise, the number of offshore bank licenses being issued has gone down dramatically. There’s…
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Where should Canadians set up an offshore business?
Tired of paying half your profits to Canadian Revenue? Ready to move you and your business out of Canada? Want to move your business out of Canada and into a zero tax offshore…
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This is the Inside Scoop on Offshore Trusts Filing Requirements
Question: Melinda asks, “Do I need to file any forms with the IRS for an offshore trust, and if so, what are the requirements?” Ambassador Nagel: Great question Melinda. Some…
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Nested Correspondent Banking Accounts
Question: “What is a Nested Correspondent Banking Account?"
Ambassador Nagel:
A nested correspondent banking account is one where a service provider sets up a master correspondent…
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Offshore Irrevocable Trust
The strongest form of international asset protection is the offshore irrevocable trust. An offshore irrevocable trust is set up by you (the settlor) to hold assets for the benefit of…
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Offshore Corporation vs Offshore LLC
When planning an international structure, deciding between an offshore corporation or an offshore LLC can make a world of difference. There are significant tax differences between an…
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What you need to know before going offshore
After 17 years advising expats, living the life, and having been a resident in 5 countries, here’s what I think you need to know before going offshore. This article is from a tax, IRA,…
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Don’t form an offshore company in BVI in 2017!
The new BOSS Act (Beneficial Ownership Secure Search Act of 2017) was implemented in the British Virgin Islands this week. The law puts your personal data in the hands of government…
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