Showing results for tag "offshore company"
Here you'll find actionable advice you can start implementing today, including information on second passports and foreign real estate… moving your gold and IRA overseas… starting up an offshore LLC… investing in foreign annuities… and much, much more.
You probably already know something about the avalanche of new laws, taxes, and regulations that are in the works. They are a direct threat to your future prosperity.
An international consultant discusses how to open an offshore company and a summary of the best jurisdictions.
Chile’s national congress has just approved a new law that will effectively make Chile the easiest country in the world to incorporate a new business.
If you follow International Man regularly, you’re familiar with the range of justifications for multi-flagging and strategies to accomplish global diversification. Passport from one country, income from another and property in yet another is a rule of thumb which informs much of the IM community’s thought and action. Less frequently discussed though are motivations for, and benefits of similarly diversifying your business.
I'll bet few Americans knew that Eduard Saverin, the young Brazilian billionaire and co-founder of Facebook, lived in Singapore — until this past May, when news spread that he had given up his U.S. passport to become a citizen of the Asian citystate.
You've heard of the Chevy "Nova" brand debacle in Latin America (who's going to buy a car which is named 'doesn't run') and possibly the Clairol "Mist Stick" curling iron market flop in Germany (where 'mist' translates approximately as manure). Both are great examples of the mischief in which even marketing powerhouses can find themselves when selling internationally.
Starting a business in a foreign country might be easier than you think, provided you keep in mind six things when planning your start-up. Long ago, taking advantage of market anomalies in distant parts of the globe usually involved sailing across oceans, battling storms and deadly illnesses, but these days, starting a business overseas might actually be much easier, less risky, and more economically sound than setting up a business in your home country.
Traffic and pedestrian behavior, and particularly the interaction between the two, offer two international business insights that are invariably valid. In every market they will be different and distinct. And therefore, fundamentally, they serve first to provide an important glimpse into a market's "mentality," and second as a consistent, gentle nudge to remember you're out of your natural zone, no matter how comfortable you become. Sounds simple, but here's why it's important.
It's a well-known fact that bribery is just "part of how business gets done" in many parts of the world (some more than others). So what's a businessman to do? Here to guide us on the subject is US-based foreign business consultant Ed Marsh.
As International Man readers know, there is great merit in diversifying one's assets and even one's self abroad. However, the same principle holds true for businesses. By internationalizing your business, you unlock tremendous opportunities that are simply not available in your local market. The question then becomes... Where to go?
What if you were paid $40,000 to travel to another country, get a 1-year visa, and work on your technology related business? That's exactly what Start-Up Chile - an initiative started in 2010 by the Chilean government - makes possible, offering grants to small teams of entrepreneurs to come work on their ideas in Santiago. It's all part of the country's bid to become "the Silicon Valley of South America," and today we chat with Kevin Kent, a Chicago entrepreneur who recently received a grant.
We'll continue today with a discussion started last week with American-born business professionals Doug Railton and Robert O'Neill of East Asia Global Alliance, a company based in Vietnam that specializes in helping businesses grow in the region - both locally born or those funded by foreign investors.
In this increasingly international world, many businesses are going global for new growth. Here to help guide us through the "legal minefields" of such a move is US-based consultant and foreign business expert Ed Marsh.
This is an enormous topic, and one with many angles and perspectives. I typically work with existing US-based companies that want to internationalize their business. For these companies, there is always a potential "con" in the commitment of resources against an anticipated return. The "pros", however, are numerous.
Question from an IM Member: "I know a few places that I would be happy living, but I want my company to be located in at least two different countries in order to diversify myself even more. What do you recommend?"
Question from an IM Member: "Will I be able to have the (foreign) company in my name or will there have to be other arrangements?"
Question from an IM Member: "What are the limitations of owning a company abroad (can it be a real estate investing or stock holding company)?"
We get a lot of questions but by far, one of the most common goes something like this: "What is the best overseas jurisdiction for me?" Of course, the answer will depend on a variety of factors - not least of which includes your citizenship and residency, as well as your goals and your personal preferences. Today, Toronto-based tax planning expert, Greg McNally, is here to guide us through some of the options available, specifically tailored to our Canadian readers.
The IM Triangle focuses on three elements of international diversification, with income being one of the three key components. For the true internationalist, the Income Element naturally leads to having one's own business, whether that be a one-man shop or a larger firm with hundreds of employees. A common issue for would be cross-border businesspeople is that of currency. The differences between currency exchange rates have made and broken many businesses and introduces an element of uncertainty that makes it difficult to plan effectively.
In the business world, Germany is known as a powerhouse manufacturer of high-quality, higher-end goods - particularly in the Business-to-Business markets. The key to this success is exceptional efficiency and productivity - two critical keys to success in a developed country that needs to pay developed-country wages to their workers. However, that's only the stereotype and in today's feature, Bill Drake attempts to drill down deeper into the classic German business and management mentality
If you've followed IM as of late, you may be familiar with Ed Marsh, an expert of the IM Triangle's Income Element - specifically - how to diversify one's business income internationally. Expanding business overseas can appear very exciting, but there are often pitfalls along the way that can impact even the best laid plans. In today's piece, Ed shares his insights about picking your first international markets for expansion.
As an important part of the Internationalization - income diversification in this manner is something almost anyone can do.
Part of IM's Internationalization Triangle is to diversify one's source of income. And one of the best ways of doing that is by creating a business that can be run anywhere in the world with just a laptop and an internet connection.
Last week, we introduced you to Ed Marsh, an US-based business diversification expert. I was impressed with his knowledge of the topic and have asked him to share some more of his insights with our readership. As we've talked about before, income is one of the three elements of The IM Triangle, a model we developed that, when put into action, can bring you all the benefits internationalization has to offer.
Exclusive interview with Dan Gallapoo aka "Doberman Dan", a serial entrepreneur and professional copywriter who specializes in building online businesses that can operate anywhere in the world without his direct daily involvement.
One of the three pillars of international diversification is that of income (the other two are assets and personal). In some respects, establishing a source of independent income not tied to any one specific jurisdiction is the most important task long-term because it gives you the freedom to live life as you desire rather than how others dictate. One of the best ways to do this is through entrepreneurship.
We received an e-mail from an IM reader a few days ago regarding our recently published article by Doug Casey entitled, Money - How to Get and Keep It. The letter states: Doug says, "You could airdrop me naked and penniless into the heart of the Congo, and by the time I emerged, I'd not just have survived, I'd come out wealthy."
We have the pleasure to introduce Bruce Johns, a successful business owner that left the UK at the age of 26 to establish himself in the Cayman Islands just as its rise as an offshore centre was starting to create the prosperity the country enjoys today.
After 8 years of operating his business under the red tape and tax burdens of a UK limited company, Paul C. set his sights on offshore incorporation. Could this be the right option for you? Find out as Paul gives his advice on the pros and cons of offshore incorporation.
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