What is also bad is the 250k insured limit is temporary and goes back to 100k on Jan. 1, 2014.

what is a legal way to use offshore corps to minimize taxes in your country of residence?

the hugest companies in the world do it, legally. how can a personaly corporation do the same thing?

offshore corporation - like in seychelles - and an offshore bank elsewhere non-taxable. ccbill wires to the bank and the sales are made by offshore company. no taxes because no customers reside in the domicile of the corporation and the corporation is not liable to any government.

only thing you'd be liable for is personal income tax on your company paycheck. the US govt still wants their cut even if u are outside the country working for an offshore company.

of course the company doesn't file anything to the US IRS, so it doesn't really need to be reported. they might just wonder why u keep getting money wired into your bank account.

large corporate execs will usually keep most of their income offshore or in stock and only bring in a small amount of living expense income. all their cars, planes, houses, meals, clothes, etc are business expenses. thats something i've been legally doing for years after getting it explained to me by my lawyer bro-in-law.

no lawyers in DC pay taxes :thumbsup

according to national geographic the data is not that old, but i think you are missing the point a bit. Obviously the list wasn't intended to be a guideline to "asset protection/hiding"

I was actually just suprised usa was at the top. Remember the list is based on secrecy/volume, those arent factors you would combine to find a good tax haven. The list is more i think to show what countries help hide the most amount of cash.

Just to be clear the thread was not meant for such purpose and of course the list does not reflect the "best place to hide money" it merely shows volume/secrecy, these factors aren't ones you would using to decide where to hide money, secrecy yes, volume no.

yes, and when they wonder why i keep getting money wired into my account I better have an explanation and a legal one.

any money from an offshore corporation that you bring into the country you definitely are going to be held responsible for tax wise.

Understood :) As other people started to post, I just threw in my experience in the offshore matter in general since I know most people think it is some sort of cheap and easy way to not pay taxes. when in reality it can be quite expensive to set up properly. Also people seem to forget one thing...its EASY to set up a structure offshore and stick money in it....brining BACK the money so you can use it is the difficult and dangerous part if you plan on avoinding the tax on that as well . I posted Not so much as dircet reply to your specific wants or needs. Should have made that mor clear :thumbsup

the truly clean & legal way is to get an offshore account with a debit card. then u dont worry about paying yourself as a US citizen. just withdraw money at a local bank or atm like any foreign tourist.

Btw do foreign citizen can open bank account at all?I know you cant open it online,so i have partial usa bank account(i can receive ach and usa domestic wire but account is in other name).And i received once some weird letter about tax but didn't understood anything,i wonder will usa tax me anyway even if i am not us citizen.

he gets paid for that information.... :2 cents:

and is probably one of the most knowledgeable about it, period... :2 cents::2 cents:






.

Thank sire.
:winkwink:

Thats why I asked ......cant see why it would be a secret.

The difficult part is setting it all up in the correct way to suit the individual.( in my view)

Holland ;)

I saw some texts written about offshore tax havens, supposedly these operations would not be on an island or land, but offshore. I think it's possible that there are some territories of the ocean that do not belong to any country.

Also, theoretically International law stipulates that new uninhabited countries become the possessions of those who find them by right of discovery. So, if you find an island that has not been found before, you can start your own country there.

Ive been wondering about this for quite some time. I am looking to incorporate somewhere as I get more and more serious about my online ventures.
Right now, since I still run a regular business in my country (not US), most of my online income just goes to a bank in the US and is kept as savings for the future. But that income is quickly gaining on my regular income and Im looking for ways to get more "serious" about it.

As a non-US citizen, what would you recommend I do? What might be the best way to setup a proper company and in what country?

Im not looking necessarily for a way to avoid paying taxes,etc. I just want to setup a company in a country that is adult safe, and will not just place me under investigation and block my bank acct.
I've read about panama, belize,etc. but Im not 100% sure.

If anyone can share their experience or point me in the way of someone that is an expert in the field, that would be great.