Why You Need to Act NOW? (Offshore Tax Structure)

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We've experienced the scenario where a client comes after they've made a substantial amount of money and they want to save as much tax as possible, many times.
However, when they've already made lots of money it is usually already too late to save taxes for that year, and even though we can help them they will still have to pay some tax.

When is the right time to set up an offshore structure?

We'd say as soon as you know that the money will come, but not too early that setting yourself up offshore hurts your finances.
We've seen people who don't make much money looking to go offshore. Even though it is a great idea to do this as soon as possible, setting up an offshore structure costs money. If you're not making enough, it's probbably better to concentrate on increasing your income before you make such a move.

That being said, if you're on a good path and your business is taking off it's always best to start planning your offshore strategy as soon as you can. It will save you lots of headaches (and tax dollars) once your business is in a good place.
Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer

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