I have a business in the US and make enough money to fund purchases such as home, car, other major expenses that the IRS usually tracks. That said, it is enough for a nice lifestyle and I am only taxed at a 15% rate because of my export business. However my shares in another company will begin to pay dividends next year, also at 15%. I would like to setup a company offshore and use it as my wealth management tool for my future retirement (avoid capital gains tax and taxes on any dividends). I would like to also setup dual citizenship in another country (possibly Dominican Republic or St. Kitts) to fully diversify my options. My US business is at no threat of lawsuit and my marriage is fine.
I have some questions that I hope some veterans can help me with.
1. How will I re-patriate these funds to live off of in 20 years?
2. Can I use an ATM to withdraw cash in the US without setting off any red flags?
3. I am also a bit skiddish about the whole offshore bit b/c of serving time in prison is not for me. Will I get caught?
4. Being taxed at only 15% is great for making millions of dollars. If I can keep this rate, is this all worth it.
Thanks for your thought out and detailed responses.
I have some questions that I hope some veterans can help me with.
1. How will I re-patriate these funds to live off of in 20 years?
2. Can I use an ATM to withdraw cash in the US without setting off any red flags?
3. I am also a bit skiddish about the whole offshore bit b/c of serving time in prison is not for me. Will I get caught?
4. Being taxed at only 15% is great for making millions of dollars. If I can keep this rate, is this all worth it.
Thanks for your thought out and detailed responses.
?
Actually it is possible by strategically to plan a offshore company structure to avoid to pay corporate tax or to pay lowest possible tax i.e. 10% in Cyprus, this you can accomplish legally if you have the budget to establish such a structure.
