Category: Offshore Banks
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The Federal Reserve Speculation
The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very great as it can include the risk of government fines and imprisonment. There is also…
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Why Offshore Banks choose Luxembourg
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…
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Passive Foreign Investment Company (PFIC) Problems
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much of the information received from a blog or Google search, no matter how attractive it might seem, is completely out of date.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.…
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Offshore Bank Account For Mid-Size Clients
[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…
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Investors Offshore Bait and Switch
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…
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The FATCA Dirty Dozen
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…