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Best location for a foundation
TMF Group did a good comparison of many different foundation jurisdictions. (It's a PDF easily found online.) Guernsey sounds like the best of those bunch. Here is the Guernsey government's list of authorised service providers that can create a foundation. It should only take half an hour to...- ppuk
- Post #55
- Forum: Offshore Company
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Newbie, wondering about Nevis LLC foundation
BOSLIL in St. Lucia or a similar Carribean bank in Nevis.- ppuk
- Post #12
- Forum: Offshore Company
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Cook Islands now taxing @ 20%?
I contacted the Cook Islands government directly and got the official answer : they are only taxing Cook Islands IBCs now, not foundations or trusts.- ppuk
- Post #5
- Forum: Tax, Accounting, Licensing & Legal
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Newbie, wondering about Nevis LLC foundation
I'm also looking into it. I've incorporated a few Nevis LLCs over the years, using Morningstar as the local agent, and the experience has been amazing. No frills. No bureaucracy. When I needed to dissolve one of the unused LLCs, the agent told me I could pay them $$$ to dissolve it, but I'd be...- ppuk
- Post #7
- Forum: Offshore Company
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Structure to irrevocably gift to future descendants?
About $10M USD. But there are no beneficiaries yet. I'm leaving it to future descendants 50-100 years from now. I prefer Foundation vs Trust because it doesn't need a 3rd-party entity (trustee) to be responsible for its holdings. Thanks, Martin, for the all-in-one idea. I hadn't considered...- ppuk
- Post #4
- Forum: Tax, Accounting, Licensing & Legal
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Mentor Group for anonymity!
I've seen a lot of forums like this over the years, but never been this impressed with the knowledge and helpfulness of the members. First time I've ever paid to join one. Glad I did. Thank you for sharing your knowledge.- ppuk
- Post #218
- Forum: Forum News and Announcements
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Have you transferred business ownership after creating the bank account?
Has anyone here done this? Have a company owned 100% by you personally Opened a business bank account for it, with the KYC focused on you After the account is up and running a while, transfer ownership of the company to another entity (trust/foundation/holding co)? Even if the bank needs new...- ppuk
- Thread
- Replies: 1
- Forum: Offshore Bank & EMI Accounts
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Structure to irrevocably gift to future descendants?
Please I'd love a minute of thought from the bright minds here. I just joined the paid mentor group today because I'm so impressed with the quality of discourse and breadth of knowledge here. I'm trying to choose the right structure and jurisdiction for my situation: Years ago, I made more...- ppuk
- Thread
- Replies: 12
- Forum: Tax, Accounting, Licensing & Legal
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Cook Islands now taxing @ 20%?
My Cook Islands bank, Capital Security Bank, posted this news a couple days ago: The Cook Islands passes legislation to address EU concerns - Capital Security Bank ”¦ which seems to say that now all Cook Islands companies are taxed at 20%. When we hear news like this, where can we go to find...- ppuk
- Thread
- Replies: 8
- Forum: Tax, Accounting, Licensing & Legal