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I'm a US resident seeking to terminate my residence in the next coupe of years - thinking of moving to sunnier shores. Anyone got any recommendations (young, free and single and moderately independently wealthy, if it helps!)
Also, how long will my association (for tax purposes) with the US last? Please tell me not forever...! Rick
REPLY:
Your liability to pay tax to the US government lasts as long as you remain a US citizen. Almost all other countries tax only residents.
If you acquire another citizenship and renounce US citizenship (which is difficult, because the US govt doesn't like losing a source of money, but possible), you will find it harder to enter the USA as a visitor. Therefore, I would suggest you live outside the US for several years before taking this step, to make sure you are comfortable cutting yourself off completely from the US. Jefferson
REPLY:
Hi Rick, I can recommend a US based organisation that informs people like you about the issue you have questions about. Their website is www.sovereignsociety.com You can subscribe on-line to their daily A-letter which is free. This daily information informs about many tax/freedom/investment/dual nationality issues. Good luck. Jacques Hebbelinck
REPLY:
Thanks guys - food for thought!
Rick
REPLY:
If your a US citizen - till you renounce or die. As long as you hold a US passport you are considered a slave to be taxed to death by Washington. I am in the same boat but live abroad already for 19 years. Now I have to either drop US citizenship or have my money go underground - literally. n0p
REPLY:
your best bet would be malta. we have the nicest climate in europe,best mediterranean food and the best internationally recognised onshore/offshore financial services legislation in europe. corporate tax max. 5% and trust accounts can help u with your personal taxation too. plenty of sound investment opportunities too, especially in property. if u want to know more u may e.mail me on fcamilleri@intertecnica.com.mt or skype me on : fcamilleri Frank Camilleri - consultant
REPLY:
Belize is the place for you!!!
REPLY:
Hi, I can help you. My email is info@summitservicesbelize.com. My telephone is 011 501 223 3530 My Cell number is 501 629 9982
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