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Offshore Bank Transfers

The Real Story about Americans Going Offshore by Bowman Offshore Bank Transfers

Reader Question today… An Internet Entrepreneur from the US is concerned about getting sued and wants an incorporation that protects against lawsuit liability, aka asset protection.

 

I am interested in asset protection I am also just starting out my business and want to do asset protection and plan for tax liability before it becomes an issue. Here is a little breakout of what I have and what I’m planning on doing.

 

I have some Adsense sites that bring in a small income – I would like to move those off shore (hosting, domain register, Adsense account, etc.) I had some issues with branded sites that cost me a ton in legal bills because they were registered to me personally (stupid I know I bought some domains in bulk and was assured there were no TradeMark or Copywrite issues).

  

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Bowman Offshore Bank Transfers: 7 Emerging Economies That Could Make You Rich

Wealth through value creation. Opportunity from solving problems. That is what business and entrepreneurship is about, and right now we live in the best time in the history of man to start a business. However, the opportunity to start a business is not in the old world – Europe, the US, The West.

 

The west is broken, the examples are too numerous to list, and the writing is on the wall. Plenty of other intelligent emerging entrepreneurs and investors are all saying the same thing: the party is over in the west. If you want to get rich: go east young man. Guys like Jim Rogers and Marc Faber, and the infamous Simon Black (who, for the record, is a real person – an intelligent and authentic international investor, but orders very girly drinks at the bar…)

 

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Bowman Offshore Bank Transfers on Emerging markets

So in my last post I made two bold predictions on the economy in the coming century, that emerging markets in Asia and Africa will be the driving force of many of the changes we see in the world.

 

East Timor

 

Is a war torn nation that no one knows much about, or has even heard of. The currency of choice here is single American dollars. The country is extremely poor and lacks almost any infrastructure of any kind. Will any entrepreneurs step up and make a difference in this country? Where there are problems, there is opportunity.

 

Sri Lanka

 

I have a friend who recently raised 30 million from the largest telecom in the country after being in the country for just 3 months. They now have the ENTIRE e-commerce marketplace to themselves. They are quite literally; they are the only company doing e-commerce at scale in the entire country. After a few weeks of operation, they eclipsed 101 employees today. Their headliner is a daily deals site / group-on clone: anything.lk

 

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Bowman Offshore Bank Transfers on Tax Free Company in Paradise

How to set up a Tax Free Company in Paradise

 

2016 Update: The Thailand Board of Investment (BOI) still offers 0% corporate income tax for up to eight years. This article shows how to structure this as a US person. More information on starting a business in Thailand can be found on SiamStartup.com.

 

Ever dream of having your business legally accrue profits offshore as you hang out in paradise? Thailand is a great country to plant a residency flag in, as doing this will get you a 0% effective personal tax rate and a tax free company in paradise.

 

American caveat: though Americans have a worldwide tax obligation, taxes here can get as low as 20% (0% corporate and 20% personal), through the use of qualified dividends, and with the help and advice of a CPA who understands international structuring.

 

How to get a tax free company in paradise? By establishing tax residency in Thailand (which doesn’t tax income earned abroad), and through the proper utilization of transfer pricing

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Bowman Offshore Bank Transfers: Owning an offshore company is still not illegal

Even if the newspapers say it is.

 

President Macron – of France was elected yesterday. Earlier his emails were leaked and showed that he had signed an operating agreement with an LLC in Nevis. This means he was an owner of an offshore company in Nevis (insert exaggerated gasp from the general public!)

 

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Bowman Offshore Bank Transfers on What you should consider when designing your Offshore Strategy

Today we discuss why offshore companies can be powerful tools to protect your assets, optimize your business and drastically increase your net profits.

Why your Tax Residency matters

Contrary to what is said, do not expect to incorporate an offshore company and automatically slash your tax bill to 0.

It is not that simple.

Implementing an offshore company strategy without planting the proper tax residency flag can lead you to several issues and it might not have any upside from a tax standpoint.

For instance, let’s say that you are a Spanish tax resident and you incorporate in the Seychelles. You will enjoy some benefits related to asset protection and achieve a certain degree of privacy, but you won’t have any tax benefit.

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What are the best offshore jurisdictions? by Bowman Offshore Bank Transfers

British Virgin Islands Business Company

 

The British Virgin Islands has a strong offshore regulatory environment. They have a distinct combination of oversight and a laissez faire approach which makes it both easy to do business – yet reputable with banks and other jurisdictions around the world which makes it very simple and easy to bank and do business with a BVI company.

 

BVI BC companies are commonly used vehicles for offshore savings and investments, international corporate banking, forex and stock trading, e-commerce and internet businesses, international trade and professional services as well as a holding company, ship and aircraft registration, captive insurance and estate planning.

 

Most business companies in the BVI are used as asset protection vehicles, very often in combination with a Trust as a holding company. The directors of the BVI BC may protect the assets by transferring its assets to another company, Trust, Foundation, Association or Partnership. The Direc

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Bowman Offshore Bank Transfers on How to Invest in an Offshore Fund

Investing in a Company or Fund that trades online is an activity that lends itself well to an Offshore Corporate Structuring plan.

 

How it works is:

 

(a)  You incorporate a tax free Offshore Company (“OC”)

 

(b)  You structure the Company in such a way as to ensure that the Company is seen to be managed and controlled from Offshore; This can/will be achieved by via deployment of a tax haven based Nominee Director (which is a service that OCI can/will provide)

 

(c)   Your OC either signs a general investment agreement with the Fund Company or subscribes for shares in the Fund Company

 

(d)  You advance funds to your OC

 

(e)  The OC then advances funds to the Fund Company (see below “How to move money offshore” which explains your options in that regard)

 

(f)    The Fund Company invests/trades your money

 

(g)  The Fund Company pays a return periodically to your OC (e.g. monthly or quarterly or 6 monthly or yearly).

 

(h)  Returns paid to your OC can be banked and

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How Banks Are Working to Protect You from Fraud by Bowman Offshore Bank Transfers

You might be surprised by the level of sophistication and organization of today's bank thieves. Rather than holding up a branch, today's robbers use resources purchased on the dark web, the internet's underbelly, to hack accounts and drain them with fraudulent charges.

 

"I'm not sure the industry is staying a step ahead," says Kurt Long, the founder and CEO of data protection firm FairWarning. "It's an arms race." However, banks aren't helpless in the face of these thieves, and they are continually working to improve their systems to detect and deter fraud.

 

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Bowman Offshore Bank Transfers on Ten Tips on Offshore Savings

Here’s a guide through the world of offshore savings and a recommended approach to protecting your nest-egg against inflation.

 

  1. Protect against inflation – The real return savers actually make from interest rates is the actual profit you are left with after taking the effects of the currency’s inflation into account. Inflation is the rise in prices for goods and services over a period of time – usually calculated annually. When weighing up a rate offer, deduct the known inflation percentage to find out how much you’ll actually end up. Advisers also tell savers to include the impact of tax when estimating a potential profit to ensure an accurate projection of likely returns.

 

  1. Protect against bankruptcy – Following a period of intense merger activity within the offshore savings sector, all savers should check that their accounts are not spread amongst deposit-takers owned by the same parent institution. If so, only a portion of your overall savings nest-egg may qualify for co
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