I am a citizen of Belgium, living in Panama (Central America) and wish to open a brokerage account in the US, however the inheritance tax regulations do not appear favorable (Holdings domiciled in the US are subject to a federal inheritance tax from 18% to 40% on values above USD 60k on market value on the day of the death.).
I therefore consider setting up a UK offshore Corp that would hold the assets. Just wonder if this would be an appropriate solution, or would it cause additional taxes in the UK. Your insights would be appreciated.
I therefore consider setting up a UK offshore Corp that would hold the assets. Just wonder if this would be an appropriate solution, or would it cause additional taxes in the UK. Your insights would be appreciated.