Friday, November 20th, 2009

Offshore Banking and Savings Guides

What are the Benefits of Going Offshore for Expats?

Offshore Banking and Savings Guides » Expat Tax Saving Guide
Fri, November 20, 2009 - 9:16 am EET

What are the Benefits of Going Offshore for Expats?If you’re just starting out on your journey abroad and beginning a new life overseas as an expat, chances are you will not yet be necessarily well-versed in the advantages of ‘offshoring’ your finances.  After all, when you live onshore you’re almost indoctrinated against putting money offshore by your own government.

In part this is because your government needs to keep reminding you of your reporting obligations when it comes to taxation – and in part it is simply because they prefer your money and assets to be onshore where they can keep an eye on them!  However, when you move abroad, naturally all of this changes – and it changes very much for the better.

When you leave your old home nation behind and start on a new path abroad, your entire tax status changes and this can have a positive and beneficial impact on your wealth.  It is at this point that the concept of ‘offshore’ - when it comes to your fiscal status - needs to be explored.  So, what are the benefits of going offshore for expats?  Allow us to explain and guide you through the very straightforward ways in which you could actually be enhancing your fiscal status by going offshore.

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Asset Protection Guide

Expatriate Wealth Management

Offshore Banking and Savings Guides » Asset Protection Guide
Thu, November 19, 2009 - 10:47 am EET

Expatriate Wealth ManagementThe concept of wealth management is one that all expatriates should come to grips with – it is not sufficient to go abroad and ‘just’ concentrate of sorting out your taxation position or ‘just’ ensuring you bank sufficient funds when overseas to see you right in retirement.  Rather, you need to take a complete and an holistic approach to managing your entire fiscal status if you want to enhance your financial position to the best of your ability…

…and expatriate wealth management as a concept is just that – i.e., the complete and holistic management of your financial affairs – from how and where you bank to how your tax status is managed, how your physical assets are owned, where your money is invested and how you structure your affairs so that they are ‘appropriate’ for your status and position today, tomorrow and into the future.

In this report we’re going to outline the main fiscal elements that you need to consider when you move abroad, and how they all interlink when it comes to the effective management of your wealth.  We will explain why a given aspect of your financial status is important to focus on, and give suggestions about where you might begin getting the help and advice you need to effectively manage your wealth for the best possible returns.

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Expat Tax Saving Guide

Do You Have to Leave UK to Avoid British Taxation

Offshore Banking and Savings Guides » Expat Tax Saving Guide
Mon, November 16, 2009 - 8:56 am EET

Do You Have to Leave UK to Avoid British TaxationAccording to The Sunday Times newspaper, David Landau, former owner of the Loot newspaper and current arts patron who has donated millions of pounds of his wealth to causes in the UK, is the latest victim of Brown’s taxation assault and is packing his bags and leaving his life in the UK behind.

Whilst you may never have heard of this man or be at all interested in the arts for example, you may like to learn that Landau’s a foreign national, resident in the UK who has paid taxes on his British generated wealth in the UK and as stated, has donated a lot of his wealth to British causes.  However, he is so unhappy at the way the UK has introduced a non-dom levy and is now poised to hike income tax even higher, he’s leaving.

Landau has quit his charitable roles and is leaving the UK – proving once again that the idea to tax us all harder and harder is a bad one and that it does have a negative effect on the nation.  But do you actually have to leave the UK to avoid British taxation?

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