Category: Asset Protection
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IRC 402(b) Foreign Regulated, Registered and Recognized Retirement Plan
In response to the single most common question we’re asked at Invest Offshore: I would like to take funds out of the country, going through the regular channels and obtaining tax clearance, to invest with an offshore bank or banks via platforms for investing in overseas markets. What options do I have as an investor…
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Offshore Companies and FATCA
Structuring Business Ownership of Offshore Companies with FATCA and GATCA Compliance There is a misunderstanding as to what type of businesses the U.S. provides tax deferral overseas. Is it a trading company or a company dealing in capital overseas? The fact is that the U.S. provides tax deferral on overseas trading businesses but not on…
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Offshore Investment Account and Asset Protection
An IRA with a foreign investment account can add stronger protection. This foreign investment account, (we recommend Luxembourg), is not accessible to anyone who wins a lawsuit against you (or for any other creditor). So what would a court do if it determines that the value of your IRA exceeds your retirement needs and therefore…
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How to Comply with FATCA
Any financial institution, regardless of its global location, that does not voluntarily comply with FATCA will find that 30% of any US-sourced payments (e.g. a corporate dividend or a maturing principal payment from a US corporate or government bond) will be withheld. Because U.S. stocks and bonds are so widely owned across the globe, virtually…
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UK Gold Investment on Increase, Caution Urged to Potential Private Investors
The Egyptians wanted to be buried in gold while others believed that King Midas could turn anything he touched into gold. These days, however, gold simply has connotations of wealth due to the precious metal’s rareness, and this is nowhere more apparent than in the UK. As a result, many potential…
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Time will tell that FATCA is a “hammer blow” for the U.S. economy
History will ultimately teach us that America’s far-reaching new global tax law, which came into effect on Tuesday, is a “hammer blow for the U.S. economy”, warns the founder and chief executive of one of the world’s largest independent financial advisory organisations. The stark warning from Nigel Green of deVere Group, which has $10bn under…
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The Foreign Account Tax Compliance Act (FATCA) DROP DEAD DATE
The whole thing to do with FATCA is starting to build a tidal wave of interest now that most people understand that 1 July is the drop dead date. [quote style=”boxed”]Would you like to guess as to what is treated as an exempt entity?[/quote] This is explicitly for pension funds as exempt beneficial owners and…
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Hong Kong TIEA is Good for U.S. Expats
This week it was announced that Hong Kong has agreed to hand over financial details of Americans working in the city, to US tax authorities under Foreign Account Tax Compliance Act, US can ask for data if certain conditions are met. The Financial Services and Treasury Bureau said the tax-information exchange agreement allowed the US…