Offshore Can Be Naughty and Nice
‘The word “offshore” has a certain mystique to those who have never been part of it. People often suppose that investing offshore is not only a bit naughty, but must necessarily be expensive. It can be both, but doesn’t have to be.
For most expats, offshore banking and investment offers opportunities for greater tax efficiency, confidentiality and the ability to take advantage of international investing, free of the restrictions that often apply in high-tax countries.
These freedoms depend on your residential status and the tax rules in your home country. For most expats a period of nonresidence will do wonders for their bank accounts but for some nationalities — U.S. citizens, for instance — being an expat is not enough to escape home taxes.’
Read more at Offshore Can Be Naughty and Nice
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