Published May 2019, updated July 2020 Puerto Rico offers tremendous tax incentives for its residents. Of course, you would have to meet certain requirements to become a Puerto Rico resident and be eligible for those low taxes. Are the tax benefits worth moving to Puerto Rico? This is Part Two … Read More
Puerto Rico Taxes – How to benefit from incredible tax incentives
Published May 2019, updated July 2020 There is no doubt that Puerto Rico taxes offer incredible incentives to move to the island. To benefit from the tax incentives you have to meet specific requirements though. Just declaring the US territory your new home is not enough. Let’s look at the … Read More
Hybrid entity – How to tax-optimize your business for two countries
You are a US citizen and entrepreneur living abroad. You’ve recently met with a team of tax lawyers and accountants who give you the perfect tax structure in your country of residence. But as a US citizen, how do you tax-optimize your business for both countries? This is where a … Read More
Don’t miss out on a portion of your FEIE! Why self-employed entrepreneurs abroad should incorporate
If you are self-employed, you probably heard that you can save self-employment tax when you incorporate your business. But if you work outside the United States, incorporating gives you even more tax savings. As an employee of your own company you could benefit from the full Foreign Earned Income Exclusion, … Read More
Transfer pricing study – Avoid tax trouble and improve strategic planning
A tax optimized international business structure often includes two or more companies in different jurisdictions controlled by the same owner. When those related companies do business with each other, performing a transfer pricing study is a necessity. Transferring goods and services between companies under common control without a transfer pricing … Read More
What to do with your offshore company when moving back to the US?
An offshore company can make great sense when you live abroad. Not only is the foreign business incorporated where you are. An offshore company controlled from outside the US also affords significant tax savings. But what to do with your offshore business when moving back to the US? Can you … Read More
How to save taxes with the right offshore business structure
Many websites advertise the tax savings of going offshore. An offshore business structure is not just for the Apples and Googles of the world. Even small business owners and solo entrepreneurs can benefit. $20,000 tax savings with the right business structure Let’s look at an example of an entrepreneur with … Read More
7 Costly mistakes to avoid when setting up a business abroad
Setting up a business abroad in the right way can save you significant money, among other benefits. However, we often see entrepreneurs making the same costly mistakes when going offshore. Here we share a list of seven common mistakes, so you know what to watch out for. 1. Choosing the … Read More