|
Who Can Benefit From Offshore Investment?
Anyone
can benefit from the often greater returns to be derived
from offshore investments, simply by choosing to invest
offshore rather than onshore. But to benefit from the
low individual taxation regimes available offshore,
one of two things has to be true: either the individual
must have residence offshore, or, for a resident in
a high-tax area, there must be an effective offshore
structure which to some extent distances offshore gains
from the onshore tax net.
Offshore
residence is examined in detail in various sections
of www.lowtax.net.
In each jurisdiction, there are sections devoted to
individual taxation and to the rules for immigration,
residence and work permits.
Offshore
structures to break the link between a tax-payer in
a high-tax jurisdiction and his gains in a low-tax jurisdiction
has traditionally boiled down in most cases to trusts.
There are corporate structures that can be used, but
by and large they are only suitable for real business
situations.
Trusts,
which are based in 600-year old English common law,
have been in common use for offshore asset protection
for nearly 100 years. Unfortunately, the high-tax countries
have therefore had plenty of time to defend themselves
against trusts, and by now their usefulness has been
severely compromised for the residents of many high-tax
countries.
www.lowtax.net
contains detailed analysis of the regime for trusts
for each of the 26 jurisdiction covered. Information
about the usefulness of trusts for the residents of
particular high-tax countries is readily available from
tax advisers in those countries themselves.
|
