Recent content by littleLordBusiness

Yeah, that whole Cyprus corp with the C Corp parent is not very efficient and is really just intended to help them rather than you. Thank you, though, I did see your post from a couple of weeks ago. Tax advisors that I have spoken to have not advised using a C-Corp in my circumstances, and the...

I keep hearing this on these forums, but this is not what offshore tax consultants have told me at all. I have talked to groups like Fidelity Corporate Services and other legal advisers and they have told me nothing like this. Hundreds of wealthy individuals and businesses live in the US and...

Yeah, Renouncing is unfortunately too close to changing my tax residency and as I stated above, that isn't an option for me. At that point, I would rather start a US C corp and probably pay the 33%+ tax. Like I said, I am WILLING to pay US personal income taxes, and I even think a Delaware LLC...

Yeah, thats what it seems like. These type of foreign trust structures are used all the time but they seem incredibly complicated and less flexible with distributions. It seems as if holding it in a Delaware LLC might be both better for clients and tax purposes, but I guess a tax lawyer could...

Doesn't Form 1041 only apply to domestic trusts, what if the trust is offshore like in the BVI or Cayman?

How would I report income from the trust?

Would you see a solution where I implement an offshore company in say the BVI combined with the trust structure to pay out to me personally in the US? I also wonder what deductions I could take personally since I'm not doing a tax residency but that's for another question.

Thank you. I think I should be fine if the trust uses nominee trustees and overseas bank accounts, but I wonder which lawyer i should speak with...

Hi there, I am a US citizen/resident looking for either an offshore/mainland company structure to "reduce" paying US taxes on a high income investment business (stocks, commodities, crypto). My goals are: 1. Needs to look good for clients/brokers (I work with Interactive Brokers/Binance) 2. I...

Can you tell me some of the basic tax risks you see? And my question is HOW the trust distributions would be taxed?

Yes, I am based in the US but all my operations are done through my Seychelles IBC

Hi, I am an investment company based in the United States that engages in a wide variety (stocks, commodity, crypto) trading through a Seychelles IBC and I am looking to transfer ownership to a Seychelles-based trust with me and my family as the beneficiaries. Is there any way we could get "tax...