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US resident seeking...not to be! |
Rick
Posted on: 04/01/2010
Posted at: 09:09:23
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I'm a US resident seeking to terminate my residence in the next coupe of years - thinking of moving to sunnier shores. Anyone got any recommendations (young, free and single and moderately independently wealthy, if it helps!)
Also, how long will my association (for tax purposes) with the US last? Please tell me not forever...!
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Jefferson
Posted on: 13/01/2010
Posted at: 08:06:24
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Your liability to pay tax to the US government lasts as long as you remain a US citizen. Almost all other countries tax only residents.
If you acquire another citizenship and renounce US citizenship (which is difficult, because the US govt doesn't like losing a source of money, but possible), you will find it harder to enter the USA as a visitor. Therefore, I would suggest you live outside the US for several years before taking this step, to make sure you are comfortable cutting yourself off completely from the US.
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Jacques Hebbelinck
Posted on: 27/01/2010
Posted at: 13:10:55
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Hi Rick, I can recommend a US based organisation that informs people like you about the issue you have questions about. Their website is www.sovereignsociety.com
You can subscribe on-line to their daily A-letter which is free. This daily information informs about many tax/freedom/investment/dual nationality issues.
Good luck.
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n0p
Posted on: 12/04/2010
Posted at: 22:26:55
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If your a US citizen - till you renounce or die. As long as you hold a US passport you are considered a slave to be taxed to death by Washington. I am in the same boat but live abroad already for 19 years. Now I have to either drop US citizenship or have my money go underground - literally.
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Frank Camilleri - consultant
Posted on: 11/06/2010
Posted at: 14:03:52
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your best bet would be malta. we have the nicest climate in europe,best mediterranean food and the best internationally recognised onshore/offshore financial services legislation in europe. corporate tax max. 5% and trust accounts can help u with your personal taxation too. plenty of sound investment opportunities too, especially in property. if u want to know more u may e.mail me on fcamilleri@intertecnica.com.mt or skype me on : fcamilleri
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Anonymous
Posted on: 16/06/2010
Posted at: 16:44:47
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Hi, I can help you. My email is info@summitservicesbelize.com. My telephone is 011 501 223 3530 My Cell number is 501 629 9982
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admin@crossinvestmauritius.com
Posted on: 03/10/2011
Posted at: 07:51:24
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Mauritius might just be the ideal solution for you. We, at CrossInvest, can assist you throughout the process of relocation.
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Michael Offshore-Gateway.eu
Posted on: 26/12/2011
Posted at: 12:13:42
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Hi Rick,
Not sure how old you thread is, but still happy to offer my view.
Of course it really depends on what type of person you are and what environment you like to live in. Cyprus (and to a lesser extent Malta) certainly offers a very good option, financially, and socially. It is in the EU, and close to much of the world. This means you can have a great standard of living, great time, and get to easily travel around. Actually, that’s one of the best aspects of Cyprus I think - the European city-breaks, and then returning to a safe, sunny community-like lifestyle (but still large enough to also enjoy some privacy). The food is also one of the best in the world and there are many great bars.
For specific tax related issues, we can also pass you on to the most suitable tax consultant in Cyprus, who can take care of all the technicalities and formalities.
Michael
michael ‘at’ offshore-gateway.eu
http://www.offshore-gateway.eu
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