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
Tax implications for foreign ownership of U.S. real estate – What you need to know about FIRPTA
The United States real estate market shows no indications of losing its attractiveness for foreign investors. Investing in real property in the U.S. is relatively easy, with no material restrictions on who can purchase. The U.S. tax implications for foreign-owned real estate, however, often catch foreign investors by surprise. Non-U.S. … 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
Offshore trust – How to protect your assets with a foreign asset protection trust
You worked hard for your assets. But in an increasingly litigious world, those assets could be on the line. High net worth individuals, especially those with an occupation with high litigation risk, benefit from taking at least some of their assets out of the reach of U.S. creditors. Protect assets … 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
The new GILTI tax on foreign business income explained
The Tax Cuts and Jobs Act of 2017 made significant changes to the taxation of businesses. The new tax law brought not only an end of tax deferral for foreign companies. It also introduced a new tax on any new foreign income that international companies earn, the GILTI tax (pronounced … 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