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Offshore Structures
Offshore Structures
Offshore Banking:
Offshore or international banking is a term that refers to placing financial assets in accounts operated by a bank or other financial institution outside of your home country. Those accounts are governed by the laws and regulations that apply to all financial institutions operating in that international location. Since those laws may vary from one country to the next, anyone interested in opening offshore accounts will want to become acquainted with how banking is done in a given nation.
Offshore Incorporation:
Offshore incorporation is a corporation or limited liability company that has been formed outside of your country of residence. One is well advised to choose the country of incorporation wisely.
5 Best Countries to Open Offshore Bank Accounts
Offshore bank accounts are supposed to safeguard your income from any undue tax payments and unnecessary payments that could take a chunk of your savings away. In order to safeguard…
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Top Reasons to Use an Offshore Company for Business
Countries around the world have made entire industries out of providing exceptional financial services. These services range from tax protection, financial security and management, as…
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Why Belize is a Top Draw for Retirees
Belize is rapidly gaining a reputation as an amazing place to live, visit, and invest. An increasing number of retirees are also flocking to Belize to enjoy retirement in an amazing…
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Expat Secrets Revealed
Earlier this year, we welcomed Escape Artist’s newest team member, Mikkel Thorup. Since the early 2000s, Mikkel has lived as an expat, calling home to Central America, the South…
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How to Establish a Business in Belize
There is something special about Belize, and it’s not just tourists who have figured that out. Beyond the beaches and the clear water and the sunshine, Belize offers a lot of financial…
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Hong Kong or Singapore: Where to Register Your Company?
Businessmen around the world are very keen on using South East Asia as a base and this is because there are two very business-friendly countries here that serve as a hub and a gateway…
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7 Advantages of Starting a Business Abroad
In our days, entrepreneurs interested in starting a company can choose the country in accordance with their needs and the market they want to address as it has become easier to set up a…
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Is Belize Still a Top Offshore Company Location?
Is Belize Still a Top Offshore Company Location?
Belize has long been one of the top locations for establishing an offshore company. Investors and business owners have always been…
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The Resurgence of Private Offshore Banking
According to research conducted by the National Bureau of Economic Research (NBER), roughly 10 percent of the world's GDP (Gross Domestic Product) is being held in offshore banks.…
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How to Start Your Own Offshore Bank
Thomas, from the U.S. Virgin Islands, writes: Dear Ambassador Nagel, I'm working with several partners on a blockchain project, including issuing our own token, which we…
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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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Offshore Bank Versus Making a Strategic Investment into an Existing Bank
Question: I'm working with a group of investors looking at establishing a start-up bank in St. Lucia or Dominica and would like to know your thoughts on creating a bank in one of those…
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Corporate and Legal Ownership Structures for Owning Foreign Property
Dear Ambassador Nagel, I am considering buying property in both Europe and Central America. I have heard and read a lot of information about the types of legal structures I should…
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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?
Dear Ambassador Nagel, I understand that it is becoming more and more difficult to set up an international bank and, especially, to access correspondent banking services. Is it still…
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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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