Fundamentally, an offshore bank account allows you to remove some of your money from your home country’s banking system. That’s the big-picture upside. An offshore bank account, once in place, also can allow you access to alternative investment options not available back home… especially for Americans and Canadians. Through your offshore bank account, you can
The Experts Have Got This All Wrong My first work overseas experience was more than 25 years ago… in Chad. I was sent to the country on assignment by the oil-drilling company I was working for to fill in for their administrative manager while she took her six weeks annual vacation. Before the trip, the [...]
A reader wrote in over the weekend to enlighten me on the costs of LLCs. Specifically, he wanted to let me know that setting up an LLC in New Mexico is much cheaper than the range of costs I referenced for setting up LLCs in the offshore jurisdictions I wrote about recently. I’m afraid this […]
Someone recently told me about a scam not uncommonly perpetrated in Panama. In Panama, when someone files a lawsuit against you, he can have your assets or at least part of your assets frozen while the suit is being argued to protect against you moving them out of the country before the case is settled. […]
A reader wrote last week asking me to name the best jurisdiction for setting up an offshore entity. I can’t answer that question, at least not simply, especially for a U.S. person who has complicated tax rules to consider. Before trying to identify where might be the best place for you to open an offshore […]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.