Category: Z Legacy: Offshore Business

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Here’s a great way to lose $67 million

April 29, 2015 Mexico City, Mexico Kim Dotcom is a giant in many senses of the word. As the founder of file sharing website Mega Upload, he brazenly thumbed his nose at every international copyright law in existence. He spent his fortune lavishly on the quintessential playboy lifestyle that most people only dream

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How to use a Marshall Islands corporation to avoid foreign estate tax

February 17, 2015 San Diego, California Jim Morrison used to sing: “No one here gets out alive”. And while few people really expect to die, it happens to all of us. Death, like Hemingway wrote of going bankrupt, happens gradually then suddenly. Given the inevitability, it’s always a good idea to have a

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Say goodbye to the nation state, this is how the new system will look

December 9, 2014 Santiago, Chile In the moment after the musicians finished their last song, the silence was broken by the faint tune of someone singing “Mu isamaa on minu arm”. The singers on stage quickly looked at each other nervously, but seeing strength in each other’s eyes they began to join in.

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Myanmar

Four reasons to start a business overseas

November 4, 2013 Bangkok, Thailand The other day, a friend of mine in Chile went to the bank to apply for a car loan. She has her eye on a new car for about $22,000. The bank in Chile wants her to put down about $6,000, and then finance the remaining $16,000. But

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One no-brainer reason to set up a foreign company

May 8, 2013 Singapore The worldwide movement to tax, confiscate, and regulate everything imaginable turned a new page earlier this week when the “Marketplace Fairness Act” passed in the US Senate. The bill still needs to clear the House of Representatives. But its fundamental purpose, enforcing state sales tax for online transactions, is

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Do I have to report my offshore gold…?

January 23, 2013 Sovereign Valley Farm, Chile Let’s do a little math problem today. As you probably know, in 2010 the US government passed one of the most arrogant, destructive, poorly conceived pieces of legislation in history, now known as the Foreign Account Tax Compliance Act (FATCA). FATCA heaps all sorts of reporting

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Arbitrage lessons from the most expensive city on Earth

January 9, 2013 Sydney, Australia   [Editor’s note: Sovereign Research Chief Investment Strategist Tim Staermose is filling in for Simon today.] No matter where you live in the Western world right now, the sands of your local economic landscape are likely shifting. To gain your footing, it’s essential to learn classic arbitrage techniques.

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I can’t think of a better investment than this

December 7, 2012 7th Region, Chile It seems these days I spend at least 50% of my time looking at farms for sale in Chile. And with good reason. I’ve written before at length why agriculture seems like the no-brainer investment of the decade: given the fundamentals of supply and demand, the absolute

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The US and UK are losing brilliant people to this country…

December 3, 2012 Santiago, Chile Chile is a great place to be an entrepreneur and start a business. Perhaps the biggest reason is that it’s overly abundant with compelling, lucrative opportunities. I would group these into three main categories: 1) Products and services targeting the domestic market. Chile already has the most robust

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Today I confessed my sins to Uncle Sam

Today I confessed my sins to Uncle Sam. No, I’m not talking about anything sinister. But in a mad dash through a US stopover today, I dropped US Treasury form TDF-90 in the mail:  “Report of Foreign Bank and Financial Accounts.” It went something like this: “Forgive me uncle for I have sinned.

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