Once an online gambling affiliate starts taking off and the tax man comes to collect their lawful amount, many turn to the offshore sector for refuge. In this article, I will go through some common solutions used by large gambling affiliates and pros and cons. Incorporation As a gambling affiliate,…
I get a lot of questions about starting various types of financial services businesses. In this article I will go through the basics and – for most of you – shatter your dreams. What is a Financial Service? A financial service is an activity where funds are being handled on…
Welcome to Offshore, USA! Population: trillions of dollars. After a pre-FATCA scare, the gates of the offshore financial world are opening up to Americans again, albeit with tighter controls and regulations. For people who are neither resident nor citizens of the US, it is arguably one of the most attractive…
Today, I will touch on a number of concerns you may face if you are thinking about running an ecommerce business through an offshore company. Ecommerce here refers to the sale of goods and consumer services. Freelancing, consulting, and affiliate marketing comparable services (typically B2B) are not specifically included here….
So you have evaded some taxes. Not exactly a cool crime, is it? Time to take it up a notch and move into money laundering. Have your tailor sew you a black-and-white striped body suit and start streching and warming up your ankle for some ball-dragging because you, my friend,…
By now, I feel that it’s clear enough that I advocate for compliance with laws and regulations, and transparency in accordance with international standards. I therefore think it’s time to dedicate a couple of posts to the “dark side” of the international financial services industry – the things that make…
This article, like much of what I write, does not apply to American and Eritrean citizens. In this particular case, it is because these jurisdictions are unique in that they (may) tax non-resident citizens, according to a 2011 report by E&Y. This is a subject that is as popular as it…
For this blog post, I feel I need to reiterate that anything written on this blog (or the forum) is not tax advice or any other form of advice. Tax Treaties A tax treaty is a treaty between two (or more, but usually two) jurisdictions regarding matters relating to tax….
What You Can Do #185112449 / gettyimages.com Run a Business You can use your offshore company to conduct business, whether this is selling goods or services or just as an billing or invoicing company or holding company. Running an offshore company can be a lot easier than running a local…
“And the bank needs to have all the currencies in the world, issue prepaid cards, debit cards, credit cards, and virtual cards. Fees should be very low, if any at all. The bank must be financially stable and in a jurisdiction with a deposit insurance.” If this sounds like you…