What is An Offshore Company?
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- čas přidán 13. 01. 2019
- nomadcapitalist.com/2018/06/0...
There are a lot of misconceptions about offshore companies and what they represent, mostly thanks to the image created by the media.
Therefore, many entrepreneurs are reluctant to open an offshore company, because they think it sounds scammy or weird.
The truth is, an offshore company is just a company based in another country and because of that it gives you more power and control over the things that are important to you: lower tax rates, more privacy, less paperwork, etc.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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Comment below with any questions, doubts or suggestions you might have.
At this point I think getting featured is Panama papers is almost as prestigious as being featured in Forbes . LOL.
hahahahaha
This is properly one of your best videos.
Simple, straight to the point and easy to understand.
Would love to see a video directed towards ecommerce sellers with inventory in western ( high tax ) markets. In addition ways to avoid requirements of marketing ( selling ) platforms to have a local company.
Nice view of KL, I love this city, it's got one of the best public transportation systems in Asia
Andrew, hi, thanks a lot for this (and all others) video. Found your channel and for the 3d day reading, listening and learning!
Welcome, Sandugash!
Money well spent running your ad. You have a sub from this guy.
NeverMetTheGuy Welcome!
Great video! Very well explained. Interesting to hear what the potential upsides of offshore companies are.
Great video. Thank you for all the good insights.
Paulo Gaeta Thanks, Paulo
Thanks love what you say at 5:27. Good information.
Hi Andrew! Great content! I sure will go thru all your videos. For traders do suggest of starting a shell company to shelter the capital gains? Also is it easy to transfer personal brokerage accounts under the shell company?
First video i watched on ur channel, and I subscribed to it
Shibin Joy Welcome!
Great video, Andrew. Thanks for all the information you provide, you can't imagine How much I learned from watching your videos. Wishing you all the best.
Ayman
Boutayeb Aymane Thanks, Ayman
thank u so much for making it easy for us to understand
Happy to help!
Andrew! You're brilliant!!
Thank you so much!
Always find your videos very informative and very useful. Also, As UK Citizens - At retirement age, we can retire to Portugal, and pay absolutely no Tax on all income, derived outside of Portugal, all assets and all property and unearned income, for up to 10 years! Tax free status for most European citizens. It's Called, NON-HABITUAL RESIDENCE. You still remain a citizen of your own country of origin - but you are registered legally, just for tax purposes as NHR.
If structured properly and legally, sometimes even for a longer period of 10 years. (Very attractive proposition ). On the basis one resides in Portugal for 183 Days of the year, with property ownership or just by renting an accommadation within Portugal. But, I was wondering..... if one wishes to make use of this marvalous tax benefit prior to our retirement age, and moved to Portugal prior to becoming the official retirement age in the UK, how would this fair? Would we still have a 10 year tax free period before our retirement? And use up those 10 years - so to speak, prior to having officially retired? Thanks Andrew Henderson.
Thank you, we appreciate it!
When you are setting it up or operating it, what are the additional steps needed or different steps needed than for a regular LLC?
What can I do when money frozen in offshore bank as they asking to pay to get activate account?
Great intro.
YES,
Agree
As the partnership and company both are legal and very confusing points even for lawyers and students as well. Therefore I am very grateful for clearing my concept.
In brief it is kind of company which is Incorporated in an other country where the owner doesn't belongs to (Residents)
Whether what purpose could be lower tax or illegal purpose maybe??
Thanks indeed.
Azeem Baloch Advocate. Visiting faculty of corporate laws.
Great Video))
Lina Khachatryan Thanks, Lina
@@nomadcapitalist This is a very necessary and interesting video .Thank you to))
What are the main options for a non-US citizen wanting to open a company for stock/derivatives trading? Estonia looks good even with the 20% tax on dividends distributed, but I wonder if there's anything else that isn't a tax heaven but still interesting
HOW TO DIFFERENTIATE AN OFFSHORE COMPANY WITH A MULTINATIONAL COMPANY???
To which country an offshore company is paying tax?
How does this compare to non incorporated business trust?
is that Kuala Lumpur in the background?
Yes.
Please I have a question if you allow me, i live in morocco I want to create Moroccan company to trade US stocks, do i need to file some formes to USA???
Oil? I don't have money for an oil platform. Estonia?
Do you have to relocate to another country to run an offshore company?
Ryan No, but for most small businesses the tax benefits will be reduced or eliminated. You may still enjoy other benefits, like asset protection. That’s why a holistic plan is important to ensure you get the benefits you need.
Only if you are a US Citizen giving away 40% of your income in taxes! The US is the biggest Tax Haven in the world if are non-US Citizen with millions or billions to invest in the US!
In pakistan people think offshore company is one that is fake company, just to show people that i am earning from this abc company.
offshore company = when you pay %30+ tax for your small payroll, it makes possible to pay almost %0 tax for billion dollar company.
End of the road
Why the hell do they Didn't taught me this at school
i am sorry but this video makes tax evasion looks like just another day in the office (for wealthy individuals). according the to way that it is presented, what is all the fuss about the pandora papers and all the names implicated? i guess it's all ok for those people to stack up millions upon millions while the average citizen toils away with the meager monthly or daily wages then.
just because offshore is legal and all, sounding and seeming no big deal on the paper doesn't mean it's right for the rest of the working class.
So if you don't pay taxes in the country you live in are you still allowed to go to the hospital for free (no us citizen) or call the police if you've been victim of a crime? That's not fair is it.
It’s called paying for your own plan
@@todoldtrafford What happens if enough companies places their business in of shores. Govertment will not have enough income to provide you with good roads, good law enforcement, etc. Aren't you basically saying : "it's okay to not contribute to society that you feed off as long as not a big number of people are doing it". I don't see a moral way to justify it. Basically trying to justify stealing in a big number of steps.
There are sales taxes and tariffs. You don’t need a tax on productivity like income or corporate. Governments can also invest in the private sector and earn passive income via dividends. Many of those public goods don’t need to be publicly funded as well. The caymans seem to be doing just fine for example.
@@todoldtrafford great idea Bob, now tell that to the working class people who have no way but to depend on publicly funded institutions, Bob. Keep up with the Reagan/Friedman logic.... Covid 19 has exposed so many flaws in the perspective, let private sectors and the free market do what's best for the good of the common man like Martin Shkreli... and i am sure the caymans are doing just fine...
@@sandwitht6264 thanks for not providing any logic. The caymans still collect revenue despite not having taxes.
U mean that offshore is strictly american , to keep taxes low for companies outside america
This drilling company
Nice, deriving profits from exploited labour while not paying any taxes, the American dream :)
Having an offshore company does not mean you are exploiting labor.
@@jahimuddin2306 i am sure they don't. just another working class laborer, having a normal account offshore like any ordinary citizen does...
SKYPE OR INST JAMESNORTH101
Suspended contact jamesnorth101
Skype sellermanagers he sells accts
If I ever become a millionaire, I will be rushing to toss my passport (and tax bill) in the trash.
I will give you a free trash can to dump your US passport once you get rich!
I love me some tax dodging. Great vid. Paying taxes is for idiots and poor people.