Panama Account For Investment

[JohnDoe123]

During the next couple of months, we would likely immigrate to the US and would likely want to retire in Panama.

Question is, I am a part-time trader, mostly crypto and stocks.
Can I open an offshore company, trade through the company, never withdraw anything for a nice nest egg?

The next question is if I am really doing good and want to stay in the US, can I withdraw a salary from the company and only pay personal tax based on the salary?

If there are any good financial / tax planners, please PM me as I of course want to do everything legally.

 

[Cetme308win]

JohnDoe123 said:
During the next couple of months, we would likely immigrate to the US and would likely want to retire in Panama.

Question is, I am a part-time trader, mostly crypto and stocks.
Can I open an offshore company, trade through the company, never withdraw anything for a nice nest egg?

The next question is if I am really doing good and want to stay in the US, can I withdraw a salary from the company and only pay personal tax based on the salary?

If there are any good financial / tax planners, please PM me as I of course want to do everything legally.
Click to expand...

USA + offshore is a big no lol

 

[Golden Fleece]

JohnDoe123 said:
During the next couple of months, we would likely immigrate to the US and would likely want to retire in Panama.

Question is, I am a part-time trader, mostly crypto and stocks.
Can I open an offshore company, trade through the company, never withdraw anything for a nice nest egg?
Click to expand...

You can do whatever you want, but once you become a U.S. resident you owe tax on your worldwide income. Having such a set-up might help in terms of legal liability in the event of a lawsuit, but it will have no impact on your taxes and high yearly compliance costs for tax reporting purposes.

JohnDoe123 said:
The next question is if I am really doing good and want to stay in the US, can I withdraw a salary from the company and only pay personal tax based on the salary?
Click to expand...

U.S. tax residents get no tax advantages from offshore companies while they live in the U.S. Otherwise, everyone would do it.

JohnDoe123 said:
If there are any good financial / tax planners, please PM me as I of course want to do everything legally.
Click to expand...

1) Online Taxman ”“ Vincenzo Villamena, U.S. CPA, now living in Colombia.

2) U.S. Tax Services ”“ Stewart Patton, U.S. Tax Attorney, now living in Belize.

 

[JohnDoe123]

Thanks, I would contact them as I definitively need assistance

 

[3leaf]

@GoldenFleece Thanks for the referrals; have you worked with either of them or both?
I took a look and it seems like Stewart Patton was more active years ago but is a small one man shop which has its advantages, whereas, the OnlineTaxman is a hub of specialists.

 

[Golden Fleece]

3leaf said:
@GoldenFleece Thanks for the referrals; have you worked with either of them or both?
I took a look and it seems like Stewart Patton was more active years ago but is a small one man shop which has its advantages, whereas, the OnlineTaxman is a hub of specialists.
Click to expand...

I know them both by reputation and by following their blogs and videos. If you just need simple U.S. tax filing help, instead of strategic tax planning and/or entity creation, there is also Greenback Tax Services for U.S. federal tax return preparation and bank account and FATCA reporting. It also consists of a hub of tax specialists.

 

[3leaf]

Strategy is needed in these times! anrid: