Don’t Set Up An Offshore Entity Unless You Can Answer This

Don't Setting Up An Offshore Entity

Don't Setting Up An Offshore EntityThink What Before Where

One question lands in my email inbox more than any other:

Where is the best place to set up an offshore entity?

The quick and simple answer can include: Belize, Panama, Nevis, and the BVIs.

These are my preferred jurisdictions. You have dozens of other options.

However, where to establish an offshore entity isn’t the question you should be asking.

The question you should be asking is:

What kind of entity is called for?

Using the wrong type of entity can create tax and administrative issues that can be costly to remedy… especially for Americans.

If an American uses an S.A. (Sociedad Anonima) from Panama to hold passive-income-producing investments, for example, he can …Continue Reading

Dominican Republic Elections Signify A Continued Growth

Dominican Republic Elections

Dominican Republic ElectionsI Predict Four More Years At Least Of Growth And Prosperity In This Sand-Fringed Nation

Last week’s presidential elections in the Dominican Republic caused quite a stir… not only for locals but also for attendees at the conference I hosted in Santo Domingo.

About a third of the conference-goers had pulled together all the paperwork necessary to be able to submit their residency applications while in the country for the event.

Unfortunately, it turns out the election tribunal uses theimmigration offices for counting votes, meaning the immigration offices wereclosed most of the week for immigration work. They opened for immigration purposes at intervals, creating small windows when conference attendees could accomplish the …Continue Reading