Offshore Investing Guide
We understand that preserving and growing your wealth on a global scale presents both unique opportunities and complexities.
Invest Offshore Blog Posts
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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…
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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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Offshore Tax Havens and the Great Witch Hunt
Many professionals working in the offshore financial services industry are asking the question; when will the tax inquisition end? Most of them understand that as long as there’s more than one currency in the world, and while over two thirds of the collective surplus cash supply is parked in so called tax havens, there will…
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Luxembourg an On-shore IFC for Offshore Investment
Luxembourg is not a tax haven. It is not a country where you can hide assets in case of criminal investigations or amidst money laundering operations. Luxembourg has implemented all of the international standards in terms of the exchange of information for tax purposes. It has also implemented the Organization for Economic Co-operation and Development…
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Cayman Funds and the Seven Deadly Myths of FATCA
It is quite a human trait to live in a state of suspended disbelief – when the news is just too bad to absorb, or when the consequences of an action are too much to contemplate. Response to the Foreign Account Tax Compliance Act (FATCA), it seems, is one of suspended disbelief by some in…
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Wealth Preservation Europe Account
Dublin based Canada Life International Assurance has launched a new estate planning product – the Wealth Preservation Europe Account. The WPEA is based on Canada Life’s award winning Wealth Preservation Account (WPA), which was voted the Best Trust/Estate Planning Product in the International Adviser International Life Awards 2013. The WPEA and WPA both allow individuals…
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Hong Kong leads the way on TIEAS
It’s important to understand that Hong Kong has never had any bank secrecy laws, the Inland Revenue Department (IRD) always had a mandate to collect information from banks for the purposes of administration of taxes under the IRD tax code. Hong Kong, when collecting data to honor the terms of the tax information agreements (TIEAs)…
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USA pension plan 401k vs. 402b
The 401(k) compared to the 402(b) Foreign Retirement Plan With a 401k your employer will match your contribution to their pension plan up to 15% to a maximum of a set value. If you want your money back you must pay a 10% penalty up to age 59.5 years and declare the entire sum as…
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4 Best Reasons to Invest Offshore
There is no reason for your advisor to have ever heard of a regulated asset protection structure (RAPS). US advisors do not study this area of law and consequently do not advise on foreign retirement plan law. However, an IRC 402(b) Foreign Retirement Fund (RAPS) allows your assets to be held tax deferred for which…
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