Recent content by Horsecap

Hi Life, awaiting the PM? thanks

Hi Admin, Do you have any experience on the IB Friends & Family Administrator Account?? Thanks

Any reason for choosing WM over NM for the LLC? ... NM is theoretically cheaper, more anonymous and with less reporting?

Thanks a lot Life, Can you please explain a bit about the "Canary Islands route" or point out a website to understand what you mean. Cheers,

What about setting up an US LLC to run the IB Family and Friend account. If there are less than 15 members and AUM are less than US 25 M, the administrator does not need to register in the USA. Let me know how it goes.

Thanks Tacitus and Martin, I am currently chewing the idea of opening a US LLC as non-resident (not citizen) and set up / run the IB F&F Administrator account through it. Any thoughts, thanks.

Hi All, Anyone has created an NM or WY LLC to own and invoice a Friends & Family Administrator Account with Interactive Brokers. Thanks,

I will. Thanks a lot Tacitus!

Thanks for this KJK, however as I there is not UAE Income Tax to be paid in the UAE I am not sure how this can reduce my tax obligations in Spain for my 'world wide' income. I will be grateful if you can help me, thanks a lot.

Is it legal to be tax resident both in Spain and in the UAE at the same time?

Thanks a lot Tacitus, is it difficult/ costly to license as in Seychelles? Also I read in Seychelles auditing/ accounting filling is mandatory even for a small advisory?

In UAE Thanks Martin! I did called IB customer service and they were not helpful at all... Not sure what else I can do with them :( BTW, is it true if incorporated in Singapore one needs to pay capital gain taxes even if investing abroad in the US stock market? Thanks in advance

Hello there, I am planning to set up a small offshore Investment Advisory firm to legally be able to charge performance fees as Administrator to my Interactive Brokers Family and Friends members. Can you recommend a jurisdiction to incorporate? I am currently managing/ advising only 5 "clients"...