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Yes. But without going into it in detail, you will find that most offshore
companies can do anything (commerce, production, consultancy, etc.) except
operate as BANKS or INSURANCE COMPANIES. There are tons of regulations and
the existing big boys will do everything in their power to stop you - at
least in locations where the reputation and image is good. The Financial
Commission in the C.I., for example, applies the four eyes policy to
newcomers which means that you (and the person who guarantees for you, and
vice versa) have to be whiter than white.
It may be a litte easier in rather dubious locations but that tends to
defeat the object.
Gram.
-----Messaggio originale-----
Da: Michael Ferguson <wl7bdn@xxxxxxxxxxxxx>
A: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Data: 09/04/2000 00:06
Oggetto: [RT] Re: TAX Reduction
>WAIT! DON'T DELETE!
>
>One line of inquirery I pursue occasionally is establishing an offshore
>bank. While the legal ins and outs of this are most likely a minefield, it
>is possible. I am thinking of starting a development bank that makes
>microloans to budding businesses. And naturally has a forex and hedging
>desk. So far it seems like it gives me the most control of my money, but I
>do not have enough information to conclude anything. Has anyone delved into
>this?
>
>
>Michael
>
>
>
>----- Original Message -----
>From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Saturday, April 08, 2000 12:18
>Subject: [RT] TAX Reduction
>
>
>|
>| There was a thread recently about tax havens and the like.Having
>researched
>| this for 3 years and owning a Panamanian Corp on the shelf for when I
>decide
>| to move, beware this land mine.
>|
>| It is very difficult to legally operate offshore via trust/corporation or
>| otherwise mostly because you will ultimately find a government form that
>in
>| order to qualify you will have to lie.You may go many years paying no
>taxes
>| but when you get caught you will have no recourse.Being physically
>offshore
>| is the only impeccable non-ruse way.
>|
>| I would challenge anyone to prove otherwise.
>|
>| Lastly one of the best ways I have found is to invest with oil drillers
>with
>| a track record in re-invigorated fields.You get the expense write-off the
>| year you invest plus sheltered income from the oil production.There are
>many
>| drillers with a 50% to 75% success rate in known fields.
>|
>| Sincerely,
>|
>| John
>| ______________________________________________________
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>|
>|
>|
>
>
>
|