Offshore Banks Archives - Page 18 of 26

It’s True: Most Wealthy People Know How to Hide Money

Mar 16, 2015

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It is often said that most wealthy people know how to hide money, but the reality is it is impossible to hide money since the Foreign Account Tax Compliance Act (FATCA). Nowadays, the rich do not hide their assets. In the past they used special attorney driven instruments such as a funded and managed family…

Why Offshore Banks choose Luxembourg

Mar 1, 2015

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by

Aaron

in Offshore Banks

Yves Maas is Managing Director and CEO of Credit Suisse S.A. in Luxembourg. Mr Maas is the Chairman of the Luxembourg Bankers’ Association (ABBL) and a Board Member of the European Banking Federation. As Chair of ABBL, the professional organisation representing the majority of banks and other financial intermediaries established in Luxembourg, he acts as…

Rise Of The Vulture Investing Class

Feb 5, 2015

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by

Aaron

in Futures, Options and Commodities, Offshore Banks

The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain: their lenders will also face some steep losses if drillers can’t come up with the cash to cover…

Passive Foreign Investment Company (PFIC) Problems

Jan 26, 2015

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by

Aaron

in Offshore Banks

For U.S. persons it is absolutely correct that you should engage in diversification of investments and assets overseas. However, the difficulty with much of the information received from a blog or Google search, no matter how attractive it might seem, is completely out of date. All the points sound great if you say them quickly.…

Offshore Bank Account For Mid-Size Clients

Jul 15, 2014

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by

Aaron

in Offshore Banks

[box type=”info” style=”rounded”]BREDER SUASSO Sets New Standard In International Banking – Launches The First Offshore Bank Account For Mid-Size Clients With A Minimum Deposit Requirement, both private and corporate offshore accounts for corporations registered in any of the major offshore jurisdictions, such as Panama, Hong Kong, UK, Belize, BVI, Seychelles, and as fast as 72…

Investors Offshore Bait and Switch

Mar 20, 2014

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by

Aaron

in Offshore Banks

The two biggest problems to most offshore structures is Reporting & Liquidity. Their reporting is complicated and expensive and their liquidity is none! Some complicated structures require high intensity tax filings, often times these structures were created by the person you pay to do your tax filing. Imagine buying an offshore structure, from the person…

A Foreign Financial Account excluded from FATCA

Aug 15, 2013

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by

Aaron

in Asset Protection, Currency and Forex, Economics, ETF, Hedge & Mutual Funds, Expatriate, Futures, Options and Commodities, Offshore Banks, Stocks and Bonds

UNITED STATES IRC 402(b) LAW (1986) UNLEASHES TAX OFFSHORE The U.S. Tax system is generally hostile to foreign financial structures if there is a U.S. taxpayer or U.S. beneficiary involved. The hostility is understandable-foreign structures interfere with government ability to impose or collect tax. Avoiding international tax pitfalls can be best achieved, both foreign and…

The FATCA Dirty Dozen

Aug 8, 2013

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by

Aaron

in Asset Protection, Expatriate, Offshore Banks, Offshore Company

Legal challenges that US persons have to deal with, living overseas. The following legal challenges are extremely problematic for USA persons: No foreign bank will open an account for a US person or US person beneficiary.(Other than a bank of the overseas employer for their income overseas) No offshore brokerage will open an account for…

U.S. offshore banking industry strikes back at FATCA IGAs

Jul 14, 2013

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by

Aaron

in Offshore Banks, Tax Havens

Diego S., a wealthy Latin American media executive, travels frequently on business between his home city in South America and New York City. He usually prefers to take a flight with a Miami stopover rather than one of the two daily NYC bound non-stops. The Miami stop is not about visiting relatives or even shopping,…

Category: Offshore Banks