Get Outta Here
For tax breaks and investment opportunities, sometimes you just have to leave the country.
Twenty years ago, very few offshore financial centers existed,
and those that did were surrounded by myths of drug money and
illicit activities. Quite a bit has changed since then: Today, the
offshore industry has developed into a major business that spans
the globe. It even involves, in one way or another, half the
world's financial transactions by value. In fact, $2 trillion
flows through offshore centers every day.
Fact is, going offshore could very well be a viable financial
strategy for many entrepreneurs-assuming you understand the ins and
outs of the offshore world. You're not alone, however, if
you're unsure about traversing the complicated waters to tax
havens like the Cayman Islands, the Bahamas and Switzerland. The
ride can get pretty murky out there, and the last thing you want to
do is find yourself-not to mention your business-in a legal
quagmire.
First things first: Don't take this journey solo. Enlist the
help of a qualified professional, preferably an experienced
consultant who understands the pertinent IRS codes and knows which
traps to avoid. There are a number of qualified international tax
attorneys skilled in the offshore arena. For a referral, call (604)
684-2622 (Canada), (503) 647-7730 (Oregon) or (869) 466-3794
(Caribbean). But in the end, finding the right help can reap
substantial rewards-think guaranteed privacy, premiere asset
protection, various tax-shelter options, and higher and safer
investment returns-and certainly prove well worth the risk and
effort it takes to get there.
Content Continues Below
Terry L. Neal, author, financial consultant and entrepreneur,
is an expert on the offshore industry with 25 years of
multijurisdictional experience. His most recent book, The
Offshore Advantage (MasterMedia Publishing), can be ordered by
calling (800) 334-8232.
Page 1 |
2 |
3 |
4 |
5 |
6 