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What's the point of having offshore corp. and bank acc. if we...?

This is the same question you are going to ask just in two threads. I don't think @Admin is going to like that!
 
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Some are in need for business anonymity and not tax anonymity. For such people a offshore company and banking is the right solution.
 
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Some people use such setups to acquire other businesses or to cover their real business not just to evade taxes!
 
1) personal accounts have small limits
2) you can't get advantages of international tax planning without using companies, all your income is your personal income and will be taxable in your country of residence

I mean technically speaking, even your corporate income is taxable in your country of residence (at least in Canada) if you live there so either way, aren't you 'cheating' the system?

I mean what's the difference between opening a corporation + biz account offshore versus just opening a personal account offshore but in both scenarios, you live in the USA/Canada.
 

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