{"id":26073,"date":"2019-08-07T11:09:30","date_gmt":"2019-08-07T15:09:30","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=26073"},"modified":"2021-06-04T05:13:59","modified_gmt":"2021-06-04T10:13:59","slug":"ultimate-guide-to-going-offshore","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/ultimate-guide-to-going-offshore\/","title":{"rendered":"The Ultimate Guide To Going Offshore"},"content":{"rendered":"
The Ultimate Guide to Going Offshore will give you an excellent understanding of Offshore Banking, Offshore Incorporation, Offshore Asset Protection & Trusts, Offshore Tax Strategies, Offshore Self Directed IRA and Second Residency & Second Passports. <\/strong>However, this guide does not replace individual tax or legal advice from a licensed professional and should not be construed as such; we suggest speaking with a top-quality CPA<\/a> who understands these types of strategies thoroughly before taking any action.<\/strong><\/p>\n For further information, check out this podcast from The Expat Money Show with Mikkel Thorup<\/a> –\u00a0 057: Jeff Berwick \u2013 Founder Of The Dollar Vigilante Discusses Libertarianism and Anarchy For Expats<\/a><\/strong><\/p>\n For those of you who don\u2019t know us here at <\/span>Escape Artist<\/b>, we are one of the <\/span>world\u2019s largest and oldest expat<\/span> resources<\/span> in the offshore market. F<\/span>or over 22 years we have helped and guided businesses and individuals and have a history of earned trust by providing our clients with the most comprehensive source for information, resources, analysis, and insights for the internationally-minded. We have offices in the United States, Belize, Panama, and Portugal.<\/span>\u00a0<\/span>Escape Artist was established with a mission to inspire and engage consumers with credible news and unique content while building an international expat community.<\/span><\/p>\n Whether you are a seasoned entrepreneur ready to <\/span>structure your business and finances internationally today, OR <\/strong><\/span>you are at the beginning stage of learning and understanding so that you can implement these strategies in the future<\/span>, Escape Artist<\/span> is here to help you. <\/span>You can go directly to your area of interest via the Table of Contents.<\/em><\/span><\/p>\n Or you can read the entire guide cover to cover starting with:\u00a0<\/span><\/p>\n Part 1<\/b> and follow the sequential order of this Guide starting with Offshore Bankin<\/a>g. Once you are ready to open an offshore bank account, you can contact us <\/span>HERE<\/b><\/a><\/p>\n Part 2<\/b> is setting up an offshore company. If you have any questions regarding any of the topics covered in this section, like how to incorporate overseas or the best locations to set up your company, you can contact us <\/span>HERE<\/b><\/a><\/p>\n Part 3<\/b> is Asset Protection. We have partnered with a law firm with arguably one of the best asset protection lawyers in the USA. Why would you want to go anywhere else? Contact us <\/span>HERE<\/b><\/a> when you\u2019re ready to protect your assets and wealth by going offshore.\u00a0<\/span><\/p>\n Part 4 <\/b>is about<\/span> understanding Tax Strategies while going offshore. This will help reduce your tax burden substantially. To talk with the Accountants we trust, go <\/span>HERE.<\/b><\/a>\u00a0And finally,\u00a0<\/span><\/p>\n Part 5<\/b> where we bring it all together with helping you create an effective Self Directed IRA so when you retire you have more of your hard-earned money. To talk with our SDIRA specialist, contact us <\/span>HERE<\/b><\/a><\/p>\n Part 6<\/strong> is a short bonus section where we share with you the best articles on second residency and second passports from our several thousand content pieces on this subject. If you are looking to purchase a residence or citizenship by investment then reach out to us HERE<\/a><\/strong> and we will do our best to assist you.<\/p>\n <\/p>\n All of us are looking for ways to protect and grow our wealth but there are plenty of agencies and individuals out there that are aching to take a big bite out of your apple. Whether it\u2019s your ex-spouse, a disgruntled employee, a slacker sibling an ambulance-chasing lawyer or good old Uncle Sam trying to stick his hands in your back pocket, there are a lot of people who\u2019ve got eyes on your assets!\u00a0<\/span><\/p>\n So what is the best way to protect and expand your wealth?<\/span><\/p>\n In this Ultimate Guide, we are going to break down everything you need to know about going offshore as well as give you all the resources and access to the professionals to help you move offshore in the safest and easiest way possible.<\/p>\n One last thing before we get into the meat of this guide; this may be the most comprehensive guides on how to <\/span>internationalize your life by going offshore <\/span><\/i>on the internet today. To download a copy for your personal library, all you need to do is Click Here<\/a> and I will send it to you by email.<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n Foreign Earned Income Exclusion (FEIE)<\/strong><\/p>\n <\/p>\n Foreign Bank Account Report (FBAR)<\/strong><\/p>\n <\/p>\n <\/p>\n 085: Warren Black \u2013 International Tax Expert Champions For Sovereignty<\/a><\/strong><\/p>\n <\/p>\n <\/p>\n Studies<\/span><\/a> have found that many American banks fail to offer customers safe and affordable banking solutions. In some parts of Europe, the situation is even worse as insolvent banks continue to put their customers\u2019 wealth at risk.\u00a0<\/span><\/p>\n Here\u2019s what you need to ask yourself:<\/span><\/p>\n What happens if my local bank goes under? What happens to my money?<\/span><\/p>\n Will the insurance company bail me out? Will the government step in?<\/span><\/p>\n Although it would be nice to have the assurance that your money isn\u2019t going to disappear one day, it isn\u2019t how things work. Insurance companies and the government won\u2019t step in to cushion the blow either.\u00a0<\/span><\/p>\n So, is there another option that provides excellent interest rates, diversification as well as the assurance that your wealth is safe?<\/span><\/p>\n Offshore banks are a much better alternative to local banks. They can give you the peace of mind that your money is safe and no one can touch it.\u00a0<\/span><\/p>\n For people with large amounts of wealth sitting in the bank, having an offshore bank account is a must. Unfortunately, opening a bank account isn\u2019t as simple as at it once was; however, the trouble it takes to open an offshore account is worth the effort.\u00a0<\/span><\/p>\n The thing is though that there are plenty of options to pick from and lots of rules and regulations to think about before you decide which country you\u2019ve chosen to open an account in.\u00a0<\/span><\/p>\n Before we delve into how you can benefit from offshore banking, let\u2019s get some of the misconceptions out of the way:<\/span><\/p>\n There\u2019s no need to start thinking of yourself as a devious villain who\u2019s breaking the rules for your own gain because offshore banking is completely legal\u2014it\u2019s just having trouble shaking off the bad rep it developed over the years.\u00a0<\/span><\/p>\n What\u2019s important is that you know that you do have the right to open an offshore account<\/a> if you want to, but you aren\u2019t allowed to keep it a secret.\u00a0\u00a0<\/span><\/p>\n Offshore bank accounts have been constantly linked to large scale corruption cases, but you\u2019re perfectly within your right to take advantage of offshore banking.\u00a0<\/span><\/p>\n Tax evasion is a whole other scenario. Whether you\u2019re evading taxes in the US or abroad, it\u2019s always illegal.\u00a0<\/span><\/p>\n As an American, as long as you\u2019re complying with the laws of the US, you can open an offshore account without any hesitancy. You should take the time to learn the law and to make sure you\u2019re abiding by it.\u00a0<\/span><\/p>\n Once you understand the laws and how they work, you\u2019ll begin to realize the abundance of options you have and how they can benefit you.\u00a0<\/span><\/p>\n <\/p>\n Unstable banking in the US may be the primary reason people look to offshore banks, but there\u2019s also another reason\u2014diversification.\u00a0<\/span><\/p>\n Seasoned financial advisors will always tell their clients to not put their eggs in one basket. Meaning, they shouldn\u2019t put all their money in one place.\u00a0<\/span><\/p>\n The idea of putting your cash into an offshore account is similar to diversifying your portfolio across various asset classes such as blue-chip stocks, gold, real estate, bonds, hardwood plantations<\/a>, etc.\u00a0<\/span><\/p>\n People are well aware of the benefits of asset diversification but few think about transferring their assets into different geographic locations.\u00a0<\/span><\/p>\n Offshore banking reduces your risk and increases your benefits.\u00a0<\/span><\/p>\n Opening up an offshore bank account protects your wealth and gives you more flexibility.\u00a0<\/span><\/p>\n Here are the benefits of diversifying your portfolio:\u00a0<\/span><\/p>\n <\/p>\n Politics has never been stable but these days it\u2019s worse than it ever was in the past. As someone with assets in the bank, it\u2019s natural to feel a little anxious about what can happen to your wealth with the war on the rich.\u00a0<\/span><\/p>\n Federal and local governments don\u2019t control offshore bank accounts in the same way they do with your local banks so your money is protected from them. It is significantly harder to seize or even freeze foreign accounts.\u00a0<\/span><\/p>\n Choosing to keep your money in offshore accounts gives you the option of picking a bank in a politically stable country.\u00a0<\/span>Offshore banking also gives you more privacy than you would have in a local account.\u00a0<\/span><\/p>\n <\/p>\n When it comes to debt, there are few nations that can rival the US. In February this year, the <\/span>US national debt<\/span><\/a> reached $22 trillion!<\/span><\/p>\n This isn\u2019t a statistic you can ignore.\u00a0<\/span><\/p>\n Governments need for funds often exceed what they gain from bills and tax collections. When push comes to shove, they don\u2019t hesitate to look into people\u2019s personal assets. Countries like Cyprus, Hungary, Poland, and Ireland have all had to use their citizens\u2019 personal assets to bail them out of sticky situations.\u00a0<\/span><\/p>\n<\/h2>\n
How This Guide Works<\/strong><\/h2>\n
Why Should You Read This Guide?<\/strong><\/h2>\n
TABLE OF CONTENTS<\/strong><\/h2>\n
Offshore Banking \u2013 The Ultimate Guide To Going Offshore<\/h4>\n
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Offshore Incorporation \u2013 The Ultimate Guide To Going Offshore<\/h4>\n
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Asset Protection – An Offshore Trust \u2013 The Ultimate Guide To Going Offshore<\/h4>\n
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Understanding Tax Strategies While Offshore – The Ultimate Guide To Going Offshore<\/h4>\n
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Offshore Self Directed IRA \u2013 The Ultimate Guide To Going Offshore<\/h4>\n
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Second Residency and Second Passport – The Ultimate Guide To Going Offshore<\/h4>\n
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Offshore Banking<\/b> \u2013<\/strong> The Ultimate Guide To Going Offshore<\/strong><\/h1>\n
The Safer Alternative<\/b><\/h2>\n
The Legality Of Offshore Banking<\/b><\/h2>\n
\n<\/a><\/b><\/h2>\nWhy Should I Get An Offshore Bank Account?<\/b><\/h2>\n
1. Reduce Political Risks<\/b><\/h3>\n
2. Asset Protection<\/b><\/h3>\n