Offshore Investment after FATCA

by Aaron A Day on August 29, 2014

Limited Conditional IRS Form 8957 Foreign Account Tax Compliance Act Registration

The correct path is to first define if a US person or entity is part of a Foreign Financial Institution (FFI). Next is to decide if the FFI is in a Form 8957 jurisdiction that limits provision of information. If so, the correct FATCA registration is “limited conditional” which declares the FFI compliant with FATCA and therefore the FFI can sign the W-8 BEN-E.

If not so, the FFI such as a corporate trustee of family trusts or debenture trusts or mutual fund unit trusts, must register for a GIIN and therefore the FFI can sign the W-8BEN-E

To avoid FATCA registration reference: instruction for IRS Form 8957-Foreign Account Tax Compliance Act Registration. Read on page 1 ” Purpose” and ” Who is Eligible to Register”. Read on page 3 ”Limited Foreign Financial Institution”. When it has a FATCA status as a limited conditional it means that it is exempt from reporting because it is deemed to be compliant. To be deemed to be compliant is a good thing because restricted information secrecy laws are maintained

This is explicitly for authorized pension funds as exempt beneficial owners and also for administrators of FATCA identification number pension funds. Well, that answer is the whole point because this certain exempt FATCA status means that if there is a U.S. person or not becomes irrelevant.

What makes that significant is that effectively the only people who can efficiently deal in USD on behalf of US people are those who are FATCA compliant, have a FATCA Identification Number and are verified to sign a W8 BEN-E. That is why administratively this exempt beneficial owner is on firm ground. Administration of FATCA rules are simple when reporting to FATCA is eliminated.

Our specific recommended pension plan does not require a FATCA GIIN because of its ”limited conditional’ FATCA status. In fact, for an authorized pension fund to apply for a GIIN would be a criminal violation of the laws on Restricted Information (Secrecy Law).

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Offshore Asset Protection Webinar

by Aaron A Day on February 13, 2014

This webinar explains how you can invest FROM outside of USA, using one of nine different types of RAPS investment account structures: The foreign country pension law defined in our webinar is flexible enough to meet each of the USA IRC 409A requirements. The plan can be established for one individual or can be established for a large number of individuals. It an also be established for an independent contractor, including directors.

Any amounts of money can be placed inside this RAPS with no restrictions to amount. One flavor of RAPS IRC Code allows for exclusion of contributions which are no more than 100% of annual income. Another flavor of RAPS allows for after tax contributions. Contributions are never deductible but rather when qualified are considered excluded under strict rules of ”non-vested” contributions. When contributions are exempt under code then upon withdrawal they are, of course, taxed at ordinary income rates.

The lay of the land problem in doing business offshore is that your assets and income typically become a part of your worldwide assets and worldwide income but the minute you have assets and income inside this regulated asset protection structure, then those assets are not part of your worldwide income or worldwide assets. Assets are not taxable and growth within your investment account is not taxable. In fact, you report both but they are just not taxable and not part of your worldwide assets or income.

Please join us on Saturday February 15 at 1:00 PM EST for a webinar about the Regulated Asset Protection Structure.

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The Regulated Asset Protection Structure

January 27, 2014

The regulated asset protection structure (RAPS), in a low-tax jurisdiction outside of your country of residence. Simply put; it’s time to invest offshore and set-up an overseas retirement plan, and Hong Kong is the best jurisdiction for asset protection. Why Hong Kong you might ask. Because Hong Kong’s Occupation Retirement Scheme Ordinance (ORSO) is a […]

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Asset Protection Structure

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An introduction to asset protection structures for U.K. Canada and/or US connected Persons. A perfect fit for a retirement account structure because this is a Government Regulated, O.E.C.D. Registered and IRS Recognized IRC 402(b) Foreign Retirement Account: 1) Hong Kong trust law is a wide open trust world with no restriction on what investments are […]

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How we help people Invest Offshore

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We provide an offshore investment solution for Americans, to holding and reporting global investments without the expense of a Tax Attorney or Tax Consultant. An investment account that gives you access to a fund-supermarket, all Tax Deferred, and all managed by Single Entry IRS reporting!

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Art of Speculation During Civil War and Ngöbe-Buglé Comarca

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One World Cross Borders Retirement Plan

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Problem: Almost all retirement plans proposed as being “International Retirement Plans” have immediate vesting, which means that growth/gains are subject to annual tax consequences in countries which tax their residents on their worldwide income. Solution: Our plan is not-vested until retirement or withdrawal. Stated differently, “your retirement savings is not yours until it is yours.” […]

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Solo 401k for offshore investment

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If you have a business, offshore, and are self employed, with no employees for that business, you can pay yourself $17,500 USD a year in offshore income salary when you place that income into a Solo 401k there is no tax consequence. In fact, you do not even report the value of your Solo 401k […]

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Regulator Asset Protection Structure for Offshore Investment

March 14, 2013

The Regulator Asset Protection Structure Advantages The Alternative to Irrevocable Trusts. In fact, this Alternative has NO Attorney Fees The Alternative to LLC, IBC and Foundations and Again No Attorney Fees The Alternatives to Annuities – No Insurance Company fees! The Alternatives to Litigation – Never in front of a Judge or Judgement The Alternative […]

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About the Frankenstein Economy

March 12, 2013

The Federal Reserve needs to remember that playing God and trying to modify the laws of nature carries important risk. Like Dr. Frankenstein who perished at the hand of the creature he created Dr. Bernanke will see his creation destroy his legacy. The question now is when? Read more here: http://www.investoffshore.com/the-frankenstein-economy/ From the Financial Times […]

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