Offshore 101: Getting Educated About The Offshore World
Going Offshore. Going offshore has in recent years become a more mainstream idea. Back in the 90s going offshore was thought to be only for criminals, drug lords, or tax dodgers. These days the offshore world is far from a foreign idea.
What is FATCA? The Foreign Asset Tax Compliance Act is legislation meant to force tax compliance on Americans who operate and do banking offshore. This act is having large scale unintended consequences for offshore investors.
What is the FBAR? The Foreign Bank Account Report, officially the FinCEN Form 114, is an important form to understand, especially if you open a bank account in another country and have over $10,000 in it.
Diversification: Choosing The Right Strategies, Structures, And Countries
Opening An Offshore Bank Account. The best first step you can take to internationalizing your life is to open an offshore bank account. Don’t keep all your eggs in one basket and don’t keep all your money in one country.
Wealth Creation: Creating Cash-Flow And Investing For Profit
Start Investing Offshore. Diversification through investing offshore can reduce your portfolio volatility while maintaining returns. Offshore investments also provide a high degree of choice and flexibility.
Buying Foreign Real Estate For Profit. International real estate is the ultimate diversification strategy at a time when diversification beyond U.S. markets and outside the U.S. dollar is more important than ever.
Asset Protection: Structuring Assets For Compliance And Conservation
Structuring Assets. It is important to understand the advantages and disadvantages different asset structures provide as an offshore investor and whether or not you need a particular structure at all.