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Expatriating Money
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
"Expatriation of Assets", "Expatriating Money", or "Expatriation of Money"Expatriating Assets is usually done by someone looking to diversify risk over more than one banking system, currency, taxation regime or political system.While it becomes more urgent if you feel your assets, your money, or your saftey are being threatened, often times people interested in security and peace of mind will expatriate a portion of their assets "just in case". None of us has a crystal ball and are completely...
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Online Banking -- An Offshore Banks Best Friend
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
Online Banking with Offshore BanksOnline banking has been the great equalizer in the race for customer service with domestic based banking institutions. In some ways, the domestic banks brought it on themselves. In their push to lower the transaction costs of deal with customers deposits, check clearing, withdrawals, etc, they first pushed the automatic teller machine.ATM Cards, and the Automatic Teller MachineThe atm was embraced by clients because of the 24 hr availability and the...
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Private Interest Foundations
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
Private Interest FoundationsFoundations have been around since before the dark ages -- literally.They are reported to have been in use during the later part of the Roman Empire.While they have no analogue in Anglo-Saxon law, they are an incredibly useful and flexible tool. For the uninitiated a good way to think of a Foundation is like a hybrid between a Corporations and trusts.While foundations were originally conceived to take care of the shared interest of large groups (like townships) their...
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Why the Best Private Accounts aren't "Offshore"
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
While, as stated previously, there are many reasons why one might want to move their monies "offshore", for a large majority, often times the most effective offshore locations will be those that aren't thought of as "offshore".How do we define an "effective" Offshore Location'By effective, I mean simply, that it does what it was designed to do. For most people going offshore is driven by one or a combination of the following factors:Asset ProtectionReduction of Legal RiskTax...
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Offshore Credit Card
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
An Offshore Credit CardThat seems to be the common lynch-pin of the "offshore" dream....especially of the wanna-be's.Now, I don't use the term "wanna-be" in a derogatory fashion. Heck, I'm one of them. I use it to refer to the person who wants to be at the level where he can have a few 10 million USD sitting idle in an offshore account protected from would-be frivilous lawsuits, creditors, and changes in their respective tax laws -- but isn't quite there yet.This is the group of people wants...
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Expat Finance
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
Hey, what can I say' I've been incredibly neglectful of this site. This is the only post so far this year and i still haven't even moved the site over to its actual URL yet. it's sitting here languishing with its original blogspot address. :)To stay topical to the theme of the blog i'm going to blame expat finance.Expat FinanceOne of the reasons I haven't been able to post as frequently as I wanted to was that I took a day job working with some expatriates. If you want to break into the...
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Private Offshore Accounts for US Citizens
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
(most of this information came from an interview with some friends of mine in the business of providing offshore banking services. They service predominantly non-US citizens since it is just a whole lot easier. However, they had some interesting tidbits for those that are looking to move some money offshore of open an offshore bank account as you'll see below).Sometimes US citizenship isn't all it's cracked up to be. While immigrants from around the globe sometimes view the US as their...
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Why Go Offshore'
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
People have many reasons for wanting to move their assets to an "offshore" location. Some of the most common are:fear of lawsuits (frivilous or otherwise)fear of overly aggressive or changing taxation policiesfear of repatriation of private assets to public domainfear of currency controls or other government interference in the "free" flow of capitalMoving money anywhere (or doing anything for that matter) brings with it certain risks, however, for people in certain financial situations makes...
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Private Offshore Accounts
From Private Offshore Accounts, 2 year ago, Read 0 times. Similar articles
Hi.I created this blog to discuss the opportunities and dangers of moving your money "offshore"Since 9-11, the Patriot act, and the expansion of the EU, things have changed dramatically for jurisdictions operating as offshore financial centers.I will discuss these changing dynamics, and the regulatory and tax issues with going offshore from some of the more common tax regimes.And, finally, I will attempt to identify some good locations to investigate opening your own private financial accounts.
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