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Evaluating Jurisdictions for a Corporation
I suppose I need to walk this through in my own mind, and I'll write it down hear in case some of my thoughts fall on the stoopid side. For lack of a chosen candidate, let's say I start a company in Belize. My assumption is the company is treated as a Belizean citizen, much like a US...- MatthewB
- Post #7
- Forum: Offshore Company
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Evaluating Jurisdictions for a Corporation
Boomy, it is my understanding that you could start an offshore corporation, earn income with it, and not pay income tax on those funds until repatriation. But I'm fairly certain that under FATCA rules you'd have to report it if you're a "US Person" which is a broad term to ensure we can tax...- MatthewB
- Post #5
- Forum: Offshore Company
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Evaluating Jurisdictions for a Corporation
Hello iH8. No, these are funds that have already been taxed. My concern in the US is a wealth tax, which is becoming a very popular concept again. So I suppose I'm looking to ensure my retirement funds aren't double or triple taxed, or worse. One of our more left-leaning states has had such a...- MatthewB
- Post #4
- Forum: Offshore Company
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Evaluating Jurisdictions for a Corporation
I am a US Citizen and owner of a moderately successful IT services company. Given the political, social, and banking climate in the states I would like to move some of my net worth offshore. Opening an offshore corporation and "storing" funds in a company bank account seems a good solution. But...- MatthewB
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- Replies: 6
- Forum: Offshore Company