I'm doing some general research into establishing an offshore entity, so i'd be keen to hear from people who have established one.
I'm currently an Australian citizen and pay my taxes. Next year i will be becoming a non-resident, and spend alot of time travelling abroad. So I am looking to shift my assets into an offshore entity to continue trading from etc. This way i wont be paying tax, but is legal for me to do so.
So my questions:
- which jurisdictions are best in terms of political stability? (eg british virgin islands, cayman, isle of man etc)
- no annual returns to be lodged?
- what banks are recommended? in which countries?
- are there any risks?
I'm currently an Australian citizen and pay my taxes. Next year i will be becoming a non-resident, and spend alot of time travelling abroad. So I am looking to shift my assets into an offshore entity to continue trading from etc. This way i wont be paying tax, but is legal for me to do so.
So my questions:
- which jurisdictions are best in terms of political stability? (eg british virgin islands, cayman, isle of man etc)
- no annual returns to be lodged?
- what banks are recommended? in which countries?
- are there any risks?
If at first you don't succeed, destroy all evidence that you tried.