Governments around the world are continuing to crack down on taxpayers that do not properly report foreign assets, we give you the correct advice to help you protect your wealth.
Clients frequently turn to the Devonhirst team before making foreign investments to structure accounts for maximum tax benefits while adhering to global compliance standards.
Our network of tax lawyers have represented hundreds of taxpayers in audits and examinations as well as in global tax courts to administer resolutions that avoid litigation.
We give you access to offshore investments that your local financial advisor will not have access to. We also help you to setup offshore banking to protect your wealth worldwide.
Generally, offshore companies in many jurisdictions are free from tax liabilities and all foreign-sourced incomes are tax exempt for companies incorporated in those jurisdictions. You may however be lrgally obliged to report your offshore investments to your local country of residence for tax purposes, however structuring your offshore assets in certain ways can present opportunities to grow your wealth tax free.
This is an extremely complex question and will depend on a huge number of factors, such as, where the income was initially generated, if tax has already been paid on the income, the country the investment is held in, the location of the bank you are using and many other factors. This is why using an offshore tax planning expert such as Devonhirst is strongly adviseable.
Generally, all outgoings and expenses, to the extent to which they have been incurred by the taxpayer in the production of chargeable profits, are allowed as deductions.
Devonhirst do not offer a set fee structure as it would be impossible to do so. The costs involve will depend on the amount of offshore assets you hold, the jurisdictions where they are held and many other complex issues. In your initial consultation we can evaluate your specific needs and tailor a tax plan that fits with your initial needs and long term plans.
We have years of experience in assisting clients with their offshore tax needs. We have built solid relationships with over 250 offshore banks in more than 25 offshore jurisdictions and have tax planners in all countries. Get started today and apply for your Devonhirst account with our easy online application process.
We have a large team of financial experts specialising in all aspects of offshore financial planning and investment management.
Open an account with us now and gain access to our offshore bank account consultancy, company formation, tax planning and tailor made investment management.
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