Shelter Offshore

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

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.

Continue reading...

Expatriate Wealth Management

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

The 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.

Continue reading...

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

According 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?

Continue reading...

• Do Expatriates Escape Inheritance Tax by Living Abroad

  Offshore Banking and Savings Guides » Expat Tax Saving Guide
  Fri, November 13, 2009 - 7:44 am EET

  Is it true that you can escape inheritance tax by going to live abroad in some countries where they do not levy estate or death tax? The answer is a big fat no!

• Offshore Savings Accounts and Interest Rates

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Thu, November 12, 2009 - 9:35 am EET

  Can you get the best offshore interest rates from the high street banks? Not necessarily – but we cam show you where you can find the best offshore savings accounts for your wealth enhancement today

• Why Nothing’s Been Published About British Offshore Financial Centres Report

  Offshore Banking and Savings Guides » Offshore Tax Havens Guide
  Tue, November 10, 2009 - 10:04 am EET

  Britain’s offshore financial centres are well run, provide essential capital inflows to the UK and are in a strong financial position apparently, so why does no one want to know!

• Why Offshore & Expatriate Financial Advisers Don’t Want American Clients

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Tue, November 10, 2009 - 9:37 am EET

  A frank look at why no one in the international financial marketplace wants to touch American clients whether they are expatriates or not – revealing how the IRS’s heavy handed tactics are alienating American money abroad

• Retire Abroad But Don’t Lose Out On Your Pension

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Mon, November 09, 2009 - 9:13 am EET

  Those Britons who retire abroad are losing out through currency fluctuations, charges, poor annuity rates and yet they needn’t be suffering at all – how to retire abroad and stay wealthy…

• Swiss Offshore Banking

  Offshore Banking and Savings Guides » Offshore Banking Guide
  Wed, November 04, 2009 - 11:52 am EET

  Dispelling myths about Swiss offshore banking and proving that Switzerland is now a compliant and respected offshore jurisdiction

• How Do Expats Invest Their Money?

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Tue, November 03, 2009 - 10:03 am EET

  Over two thirds of expatriates are able to save more money when they move to live and work abroad, but how and where do they save and invest their hard earned wealth for maximum growth?

• Isle of Man Savings Accounts

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Tue, November 03, 2009 - 8:19 am EET

  Looking at whether the Isle of Man is a safe haven for expatriate savings accounts, whether their depositor protection scheme is working and how the island’s battered reputation may affect an expat saver’s decision

• Expatriate Tax Saving Advantages

  Offshore Banking and Savings Guides » Expat Tax Saving Guide
  Mon, November 02, 2009 - 9:47 am EET

  For expatriates there are many potential tax saving benefits to going offshore, in this article we explore them all for you

• UK Expat Savings Accounts

  Offshore Banking and Savings Guides » Offshore Savings Guide
  Mon, November 02, 2009 - 8:55 am EET

  As a Briton living abroad you’re probably aware of how weak the pound is and how poor onshore interest rates are – we show you how you can potentially get better rates with UK expat savings account

• » Further Offshore Investment & Banking Articles