Invest Offshore

Category: Expatriate

  • Giving Up U.S. Citizenship – Estate and Gift Tax Traps

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    Aaron
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    It may be a common misunderstanding that a U.S. citizen or permanent resident (Green Card holder) can give up their citizenship or surrender their Green Card and then as a non-U.S. taxpayer make gifts or pass their estate to U.S. taxpayers free of estate and gift tax. The IRS recognized this loophole and has proposed…

  • Antigua Sustainable Aquaculture as a Citizenship by Investment Project

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    Aaron
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    The management of Antigua Sustainable Aquaculture Limited is pleased to provide this project for sustainable fish growing. With the appropriate government approvals in place, this Antiguan company has been founded and endorsed as a Citizenship by Investment (CIP) Project. This environmentally friendly approach to aquaculture can offer significant economic growth in a new industry that…

  • Are Baby Boomers Forgetting Something Essential When Planning Retirement?

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    Aaron
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    Many Don’t Realize It Until They Stop Working Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a certified public accountant who retired almost 20 years ago. “I had a simple…

  • Expat Stage Left as Americans give up citizenship

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    Aaron
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    As the Fourth of July weekend looms and Americans prep their grills and ready their fireworks, some citizens are packing their bags. A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would consider leaving…

  • Relinquishing Permanent Residency or U.S. Citizenship

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    Aaron
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    The expatriation rules apply to U.S. citizens or long term residents that have a Green Card in eight of the last fifteen years preceding the application for expatriation. The expatriation rules are applicable if the taxpayer meets one of two test. A “covered expatriate” is a taxpayer that meets the Net Worth Test of IRC…

  • EB What? Considering Other Alternatives to the EB-5 Visa

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    Aaron
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    The EB-5 Visa program The EB-5 Visa program has been widely promoted as a legal basis for foreign business owners to gain conditional residency followed by permanent residency in the United States. The program is a great solution to the proposition “Ï want to live in America.” Unlike other countries, the decision to become a…

  • Export a UK Pension

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    Aaron
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    HMRC cannot restrict transfer of UK pension funds HMRC rules specifically states that you do not need to leave the U.K. to transfer your pension funds. Which means the HMRC cannot restrict transfer of pension funds. A transfer payment may be made either to the scheme administrator including persons responsible for administration of the QROPS,…

  • Expats and Retirement Overseas

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    Aaron
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    Surveys have shown that more and more multinationals want to exercise control over their worldwide benefits programs at the Home Office level. The principal objectives are to manage costs and ensure compliance and competitiveness of their local benefits plans in each country. For most companies, this is easier said than done. For multinational companies, growing…