IRS Compliant “On the Grid” Offshore Asset Protection Structures Presented at the Seraph Summit
The massive leak of documents from a secretive Panamanian law firm… it’s the world’s fourth biggest offshore law firm, Mossack Fonseca, contain details of various world leaders’ offshore companies – over 70 current and former world leaders in fact! This includes Russia’s Vladimir Putin and China’s Xi Jinping, and Iceland’s prime minister, Sigmundur Davíð Gunnlaugsson. As a result of the disclosure of his offshore assets, Gunnlaugsson is facing calls for a snap election!
[box type=”alert” size=”large” style=”rounded” border=”full”]Trying to “hide” or otherwise get “tricky” with offshore strategies is a recipe for disaster, no matter who you are![/box]
According to Chris and Mark, the founders of an exclusive and private global network of individual investors and family offices dedicated to growing their wealth exponentially by investing in game-changing asymmetric opportunities.
Before you read any further, for those that want the TLDR (Too Long Didn’t Read) version of what they’re sharing with their network, here’s what you need to know:
At the Seraph Summit, June 1-3 in Del Mar, California, we’ve booked an asset protection expert who we believe has the ONLY FATCA/IRS COMPLIANT ASSET PROTECTION STRUCTURE THAT IS ACTUALLY RECOGNIZED BY U.S. REGULATORS!
The only way to meet and hear this gentlemen in person, besides flying to Hong Kong or Europe where he bases his operations, is to attend the Summit…
And for the next few days, only for readers of this email, we’re offering $1000 off registration.
Get your (discounted)seat at the Seraph Summit here.
Back to our story…
With the creation and implementation of FATCA and stringent KYC/AML rules it’s become virtually impossible for Americans to invest and do business overseas.
Whether you are an American or not, FATCA and other myriad rules and regulations imposed on all of us have complicated things to a degree never imagined.
As a result, PROTECTING AND PRESERVING your wealth and structuring your future investments correctly is unbelievably important! You need current and accurate information from people who have real world experience with the problem.
Often times these aren’t the firms and professionals who you think. Lots of high-profile people trusted Mossack Fonseca, after all! Trust that was seriously misplaced.
It’s not just the data breach. If these people weren’t doing anything wrong the backlash wouldn’t be so severe. But, they were clearly being sneaky and avoiding the very rules and regulations they themselves impose on the rest of us!
It’s also not the big accounting firms you should be turning to. These firms HAVE TO minimize their liability, and as a result, they are NOT cutting edge or even remotely competent in most offshore strategies. These purveyors of mediocrity should be avoided at all costs!
Mark and I recently sat in the offices of the world’s second largest accounting firm and we were told, rather flippantly, “taxes are historically low, so forget about trying to minimize your liability, it’s not worth it.”
What kind of $500/hr. advice is that?
If you’re an American you’ve likely heard of Judge Billings Learned Hand. In Commissioner v. Newman 159 F2d 848 (1947), Judge Hand said:
“Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”
Judge Hand clearly says that it’s a citizen’s public duty to pay as little tax as is necessary!
But how?
Like the Yeti, we’ve heard that people possessing the knowledge of how to do this (protect assets and minimise taxes) legally and compliantly exist, we’ve just never encountered them!
That’s why Mark and I were so excited when a trusted Member of our Seraph private network introduced us to a gentlemen who specializes in this area.
If you’re looking for overseas asset protection and diversification we believe that what our asset protection expert will teach you is the only GLOBALLY compliant way to do it.
None of us wish to come under scrutiny for our structuring of our financial assets and protecting our future!
This is where the structure our asset protection expert is going to outline for our Summit attendees comes in, because it is IRS tax recognised. The structure is considered its own entity in perpetuity. It can invest in businesses, purchase real estate, etc.
So, what’s the big difference from other structures? It’s unlike anything else that has been traditionally used for asset protection. This includes trusts, IBCs, foundations, etc.
This structure is VISIBLE!
Forget “invisible”, that will land you in hot water.
It’s not a matter of if, but when.
The safety of this program is in its visibility. What a difference from 20 years ago. The same tax advantages of being invisible!
Why?
FATCA specifically recognises this program, and the IRS recognises it as an exempt entity for reporting. This is THEIR ruling, not the opinion of some tax attorney in an offshore jurisdiction.
FATCA is so comfortable with this that the U.S. has made specific intergovernmental agreements to recognise it!
You can buy real estate in the U.S. tax free, invest back into your own business or invest into any project, company or asset worldwide without being blocked because you are a U.S. citizen.
You retain control over the activities and the investment types, while this structure protects you from creditors. You pay tax on withdrawals… only.
It’s not just for Americans.
If you’re a foreign investor buying real estate in the U.S. for example, you will learn how to structure your purchase properly. It’s not as straightforward as you might think.
Contained in the $1.1 trillion 2016 spending measure that was passed to avoid a government shutdown is a provision that treats foreign pension funds the same as their U.S. counterparts for real estate investments. The provision waives the tax imposed on such investors under the 1980 Foreign Investment in Real Property Tax Act, known as FIRPTA.
Proper structuring means that you will be capital gains tax free on your property developments in the USA.
What about offshore companies set up by Americans (no doubt some of the clients of Mossack Fonseca), how can those be created and maintained in a compliant fashion?
Structuring properly always boils down to the question of ownership, especially where you have a company effectively connected to a U.S. Person. You definitely have a reporting obligation when you are a director, or when you effectively control, an overseas company.
Whether or not that leads to further reporting or further inquiry, whether it is under the tax code or FATCA, or what have you, is really beside the point because there are three issues:
- Establishing a foreign company does not determine residency;
- Where the company is controlled determines the residency;
- Determining residency depends on who is the owner with the command and control.
You’ve heard the phrase that wealthy families like to use, “Control everything, own nothing.” Easier said than done… at least legally!
Americans looking to structure offshore typically use a foreign company to accumulate income and gains, collect commissions, receive a contract buyout and/or to collect any payments in order to get paid gross rather than suffering current tax.
You need a Tax Department Certificate to the effect that your foreign company has residency in that foreign country for Double Taxation Treaty purposes.
You don’t have to be a Seraph Member to attend the Summit, but you just might want to join after it’s over. (keep reading for a special NO RISK offer to attend the Summit).
After all, we are not just an investment syndicate. Seraph is a global networking group (members in 15 countries!) operating at the highest level.
Some of our Members are very involved in asset protection, and not even they have heard of this method.
In his lecture and Q&A session that will follow, he’ll cover a very unique, little known (in fact, we believe he is the ONLY provider of this information anywhere!) legal structure that will show you how to centralize your offshore investing in a tax free structure… amongst other things.
This isn’t some fly by night offshore investment scheme involving Panamanian, BVI, Nevis or any number of other typically used jurisdictions.
And, as we said before, it’s NOT just for American citizens.
Why Is All This Even Necessary?
The recklessness of U.S. policy makers, well-meaning or not, has produced not just billions, but trillions of badly allocated business investments due to artificially low credit and an unsustainable increase in the money supply.
In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day.
It’s not just the Federal Reserve that’s printing. The Fed is just the leader of the pack. The U.S., Japan, Europe, China – all major central banks – are participating in the biggest increase in global monetary units in history.
We talk about this often within the pages of Capitalist Exploits, and we’ll discuss it at length with Grant Williams and others at the Summit.
This unfortunate set of monetary circumstances will lead us to an economic disaster because paper currencies will eventually fall apart, as they have many times throughout history (every time, in fact!).
It’s happening right now.
- The Canadian dollar has lost 25% of its value since 2013.
- The Australian dollar has lost 30% of its value during the same time.
- The Japanese yen and the euro have both crashed in value.
You probably know we’re mid term bullish on the U.S. dollar, but it’s currently just the healthiest horse on its way to the glue factory.
These are gigantic losses for major currencies.
After all, we’re not talking about small, volatile stocks. We’re talking about the value of money in peoples’ bank accounts. These moves show we’re in the early stages of a currency crisis.
Since the financial crisis began eight years ago, the U.S. government has created 3.5 trillion new dollars.
In that same eight years, the U.S. government has borrowed $9 trillion – as much as it has borrowed in the previous 232-year history of the United States.
You simply cannot quadruple the money supply and double the national debt in eight years without catastrophic results.
As this unfolds, your biggest risk isn’t the crashing stock market or the crashing bond market. Your biggest problem, and also the one most people just don’t see, is political.
Your government is by far the most serious threat to your money and wellbeing.
Why do I say that?
Like any organism, the prime directive of a government is to survive. When faced with a threat to its survival, a broke government will do anything it can to stay alive.
President Roosevelt confiscated Americans’ gold in 1933. And in just the last few years, we’ve seen broke governments raid private pensions and confiscate cash directly from people’s bank accounts.
As we head into a currency crisis for the record books, we think currency controls are a lock.
Governments have used currency controls since the days of the Roman Empire. A country debases its currency, raises taxes beyond a certain level, and makes regulations too onerous. Naturally, productive people react by getting their capital, and then themselves, out of Dodge.
But the government can’t have that, so it puts on currency controls that prevent people from moving assets outside the country. In effect, currency controls force people to stay with a sinking ship.
The regulatory landscape of global enforcement has closed the doors to U.S. Persons who are not recognized by foreign governments as Foreign Account Tax Compliant Act (FATCA) regulatory reporting and tax compliant.
It’s even made the lives of non-Americans more difficult.
Even if you don’t live offshore, protecting some or all of your assets using this structure makes a LOT of sense.
As mentioned, only a handful of people on the planet are even aware of this, the only legal, FATCA compliant way for your overseas asset protection and diversification to succeed, and it’s very likely your tax advisor is not one of them.
The simple truth is that with the solution you’ll learn, doors will open for you that you never imagined! It might even potentially save you from losing sleep over a costly and stressful legal battle to untangle your personal tax situation.
It’s not too late to fix what’s been broken by your previous tax and investment strategy, and it’s certainly never too soon to plan for the future if you’re just starting to consider putting something into place.
Attending the Seraph Summit
You can meet, sit down share a coffee or a glass of wine and discuss your personal situation with this expert (and any of our other speakers) at the Seraph Summit in Del Mar, California June 1-3.
Seraph Summits and Meet Ups are NOT like other events. These are small, intimate gatherings with some of the brightest minds on Wall Street, in Venture Capital, Private Equity and leading Disruptors in Science and Technology.
Take a look at our speaker list.
It’s cutting edge conversation, free-thinking and global networking at a black belt level!
The best part is it comes with a guarantee that you’ll be satisfied, or we’ll REFUND YOUR ATTENDANCE FEE IN FULL!
Who does that?
Furthermore, if you attend and decide to become a Member of our unique and exclusive tribe (we have to meet you or speak one on one to be considered) your attendance fee will be credited toward your Seraph membership!
It’s a win-win-win…
Worst case scenario – you walk away with new friends in exotic places, possessing information worth potentially millions of dollars, and have a ridiculously good time at one of the world’s best venues!
Be sure to register your seat for our upcoming Summit now. The seats available for this event (less than 15 still remain) will sell out.
Register for the Seraph Summit, Del Mar, California June 1-3
We plan on seeing you there!
Regards,
Chris
P.S. Remember…we’ll take $1000 off your registration fee when you reserve your seat in the next few days.
This is a first come first served offer and will sell out quickly as there are less than 15 seat remaining..
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