What I mean is, if YOU die and your wife would have to pay inheritance tax because you have US assets and there is no tax treaty between your country and the US she could just take the assets out of the account and transfer the money into an account in her own name, before reporting your death...
You mean the inheritance tax?
No, you can do this from any country in the world.
But you have to check if your country has a tax treaty with the US. And if it does, what it covers.
Because many countries have a tax treaty with them and would not need to pay inheritance tax anyway, so it's not...
Interesting...Rietumu just wrote me that they don't offer accounts for offshore companies:
"We work only with the companies registered in the EU/OECD countries if they comply with the following conditions:
- company submits financial reports to the local tax authorities
- company has a real...
Good to know, thanks!
Would you still recommend a Belize corporation these days? If everything is "clean"?
Do you still get bank accounts with it? Besides EMIs I mean.
BTW...i have read your thread. You are save if do it that way...that's one of the reasons why even wealthy US citizens open offshore corporations and Trusts....to avoid inheritance tax. They have the same problem, only with higher allowance (at the moment about 11mio while just 60k for...
Thanks for the input. But my questions are not about why I live here or why I trade at IB. It's about which country is best for incorporating for getting a bank account with my constellation. ;-)
But...to answere your questions: I came not here for the tax purpose...that was just a bonus. I...
It is my own and legal money. And Panama does not tax capital gains, so basically I wouldn't need that whole corporation account construction thing.
BUT: Panama and the US do not have a tax treaty. That means if I die, my wife would have to pay inheritance tax in the US, because I am trading...
Hi guys.
I am thinking about incorporating in Belize by myself where only 1 member is needed or Cyprus where 2 members are needed. I have read that if your Cyprus corporation is declared as foreign that the 12.5% tax does not apply...is that right?
The problem is that the 2nd member in the...
Have you tried it?
It says that it includes services for non-eea residents.
That does not automatically mean that the other excludes that service. ;-)
In my opinion the difference is the "ability to send/receive transfers from exchanges"
I am a non eea resident and I opened up a free personal...
So...how did it end up?
Did you eventually get your money back?
Do you other guys think this would have happened too if the money came in the name of his own company and not from some clients?
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