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If you are thinking about saving on taxes, you probably thought about opening an offshore company. For many people, it’s not so complicated, but if you’re an American things can get a little messy.
You have to think about CFC rules and inconvenient GILTI TAX.
Basically, even if you have a foreign company as an American you still need to pay taxes in the US, even though your income is not US sourced.
Having that in mind, where should you form an Offshore Company as an American? Are there any tax havens that you can use?
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.
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Author: Michael Rosmer
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