What is An Offshore Company?

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What is An Offshore Company?

Рет қаралды 64,979

Күн бұрын

nomadcapitalis...
There are a lot of misconceptions about offshore companies and what they represent, mostly thanks to the image created by the media.
Therefore, many entrepreneurs are reluctant to open an offshore company, because they think it sounds scammy or weird.
The truth is, an offshore company is just a company based in another country and because of that it gives you more power and control over the things that are important to you: lower tax rates, more privacy, less paperwork, etc.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalis...
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalis...
Our website: www.nomadcapit...
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Buy Andrew's book: amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Пікірлер: 69

@nomadcapitalist 5 жыл бұрын

If you enjoyed watching this video, give it a thumbs up and click on the subscribe button! Comment below with any questions, doubts or suggestions you might have.

@sortsvane 5 жыл бұрын

At this point I think getting featured is Panama papers is almost as prestigious as being featured in Forbes . LOL.

@josephbenadam 2 жыл бұрын

hahahahaha

@AUT1981. 5 жыл бұрын

This is properly one of your best videos. Simple, straight to the point and easy to understand. Would love to see a video directed towards ecommerce sellers with inventory in western ( high tax ) markets. In addition ways to avoid requirements of marketing ( selling ) platforms to have a local company.

@PauloGaetathe_original 5 жыл бұрын

Nice view of KL, I love this city, it's got one of the best public transportation systems in Asia

@NeverMetTheGuy 5 жыл бұрын

Money well spent running your ad. You have a sub from this guy.

@nomadcapitalist 5 жыл бұрын

NeverMetTheGuy Welcome!

@sandu3590 4 жыл бұрын

Andrew, hi, thanks a lot for this (and all others) video. Found your channel and for the 3d day reading, listening and learning!

@nomadcapitalist 4 жыл бұрын

Welcome, Sandugash!

@BucketListTravellers 3 жыл бұрын

Great video! Very well explained. Interesting to hear what the potential upsides of offshore companies are.

@thaidise8842 5 жыл бұрын

Great video, Andrew. Thanks for all the information you provide, you can't imagine How much I learned from watching your videos. Wishing you all the best. Ayman

@nomadcapitalist 5 жыл бұрын

Boutayeb Aymane Thanks, Ayman

@deshonmiller5573 5 жыл бұрын

Thanks love what you say at 5:27. Good information.

@email7362 5 жыл бұрын

First video i watched on ur channel, and I subscribed to it

@nomadcapitalist 5 жыл бұрын

Shibin Joy Welcome!

@PauloGaetathe_original 5 жыл бұрын

Great video. Thank you for all the good insights.

@nomadcapitalist 5 жыл бұрын

Paulo Gaeta Thanks, Paulo

@The88lightangel 5 жыл бұрын

Always find your videos very informative and very useful. Also, As UK Citizens - At retirement age, we can retire to Portugal, and pay absolutely no Tax on all income, derived outside of Portugal, all assets and all property and unearned income, for up to 10 years! Tax free status for most European citizens. It's Called, NON-HABITUAL RESIDENCE. You still remain a citizen of your own country of origin - but you are registered legally, just for tax purposes as NHR. If structured properly and legally, sometimes even for a longer period of 10 years. (Very attractive proposition ). On the basis one resides in Portugal for 183 Days of the year, with property ownership or just by renting an accommadation within Portugal. But, I was wondering..... if one wishes to make use of this marvalous tax benefit prior to our retirement age, and moved to Portugal prior to becoming the official retirement age in the UK, how would this fair? Would we still have a 10 year tax free period before our retirement? And use up those 10 years - so to speak, prior to having officially retired? Thanks Andrew Henderson.

@nomadcapitalist 5 жыл бұрын

Thank you, we appreciate it!

@IamKhattak-UsmanKhattak 4 жыл бұрын

HOW TO DIFFERENTIATE AN OFFSHORE COMPANY WITH A MULTINATIONAL COMPANY???

@abdesamad6616 6 ай бұрын

thank u so much for making it easy for us to understand

@nomadcapitalist 6 ай бұрын

Happy to help!

@mattanderson6672 Жыл бұрын

Andrew! You're brilliant!! Thank you so much!

@LiveLittv 2 жыл бұрын

Great intro.

@ryanbarredo3057 3 жыл бұрын

Hi Andrew! Great content! I sure will go thru all your videos. For traders do suggest of starting a shell company to shelter the capital gains? Also is it easy to transfer personal brokerage accounts under the shell company?

@linakhachatryan_official1654 5 жыл бұрын

Great Video))

@nomadcapitalist 5 жыл бұрын

Lina Khachatryan Thanks, Lina

@linakhachatryan_official1654 5 жыл бұрын

@@nomadcapitalist This is a very necessary and interesting video .Thank you to))

@jianh1989 5 жыл бұрын

is that Kuala Lumpur in the background?

@nomadcapitalist 5 жыл бұрын

Yes.

@yehong1107 Жыл бұрын

When you are setting it up or operating it, what are the additional steps needed or different steps needed than for a regular LLC?

@MrAB-xc9du 2 жыл бұрын

YES, Agree As the partnership and company both are legal and very confusing points even for lawyers and students as well. Therefore I am very grateful for clearing my concept. In brief it is kind of company which is Incorporated in an other country where the owner doesn't belongs to (Residents) Whether what purpose could be lower tax or illegal purpose maybe?? Thanks indeed. Azeem Baloch Advocate. Visiting faculty of corporate laws.

@davidchipps 5 жыл бұрын

Oil? I don't have money for an oil platform. Estonia?

@hansaniuduwawala5669 3 жыл бұрын

To which country an offshore company is paying tax?

@Design____ByS 4 жыл бұрын

So if you don't pay taxes in the country you live in are you still allowed to go to the hospital for free (no us citizen) or call the police if you've been victim of a crime? That's not fair is it.

@todoldtrafford 4 жыл бұрын

It’s called paying for your own plan

@Snout007 3 жыл бұрын

@@todoldtrafford What happens if enough companies places their business in of shores. Govertment will not have enough income to provide you with good roads, good law enforcement, etc. Aren't you basically saying : "it's okay to not contribute to society that you feed off as long as not a big number of people are doing it". I don't see a moral way to justify it. Basically trying to justify stealing in a big number of steps.

@todoldtrafford 3 жыл бұрын

There are sales taxes and tariffs. You don’t need a tax on productivity like income or corporate. Governments can also invest in the private sector and earn passive income via dividends. Many of those public goods don’t need to be publicly funded as well. The caymans seem to be doing just fine for example.

@sandwitht6264 2 жыл бұрын

@@todoldtrafford great idea Bob, now tell that to the working class people who have no way but to depend on publicly funded institutions, Bob. Keep up with the Reagan/Friedman logic.... Covid 19 has exposed so many flaws in the perspective, let private sectors and the free market do what's best for the good of the common man like Martin Shkreli... and i am sure the caymans are doing just fine...

@todoldtrafford 2 жыл бұрын

@@sandwitht6264 thanks for not providing any logic. The caymans still collect revenue despite not having taxes.

@otmanalami6621 Жыл бұрын

Please I have a question if you allow me, i live in morocco I want to create Moroccan company to trade US stocks, do i need to file some formes to USA???

@fikan3051 4 жыл бұрын

What can I do when money frozen in offshore bank as they asking to pay to get activate account?

@danielcoimbra8652 5 жыл бұрын

What are the main options for a non-US citizen wanting to open a company for stock/derivatives trading? Estonia looks good even with the 20% tax on dividends distributed, but I wonder if there's anything else that isn't a tax heaven but still interesting

@sandwitht6264 2 жыл бұрын

i am sorry but this video makes tax evasion looks like just another day in the office (for wealthy individuals). according the to way that it is presented, what is all the fuss about the pandora papers and all the names implicated? i guess it's all ok for those people to stack up millions upon millions while the average citizen toils away with the meager monthly or daily wages then. just because offshore is legal and all, sounding and seeming no big deal on the paper doesn't mean it's right for the rest of the working class.

@Noble569 4 жыл бұрын

How does this compare to non incorporated business trust?

@Ryan-qc6qc 5 жыл бұрын

Do you have to relocate to another country to run an offshore company?

@nomadcapitalist 5 жыл бұрын

Ryan No, but for most small businesses the tax benefits will be reduced or eliminated. You may still enjoy other benefits, like asset protection. That’s why a holistic plan is important to ensure you get the benefits you need.

@nomadkickbox4049 5 жыл бұрын

Only if you are a US Citizen giving away 40% of your income in taxes! The US is the biggest Tax Haven in the world if are non-US Citizen with millions or billions to invest in the US!

@abcd95489 4 жыл бұрын

In pakistan people think offshore company is one that is fake company, just to show people that i am earning from this abc company.

@axa3668 Жыл бұрын

U mean that offshore is strictly american , to keep taxes low for companies outside america

@brainprism88 2 жыл бұрын

offshore company = when you pay %30+ tax for your small payroll, it makes possible to pay almost %0 tax for billion dollar company.

@EnigmaVlog 3 жыл бұрын

End of the road

@DomYaBoi 5 жыл бұрын

Nice, deriving profits from exploited labour while not paying any taxes, the American dream :)

@jahimuddin2306 4 жыл бұрын

Having an offshore company does not mean you are exploiting labor.

@sandwitht6264 2 жыл бұрын

@@jahimuddin2306 i am sure they don't. just another working class laborer, having a normal account offshore like any ordinary citizen does...

@brightlightwing2602 2 жыл бұрын

Why the hell do they Didn't taught me this at school

@josefinamesitas5104 2 жыл бұрын

This drilling company

@djsanjuLxdp620 3 жыл бұрын

SKYPE OR INST JAMESNORTH101

@thadicktater6832 5 жыл бұрын

If I ever become a millionaire, I will be rushing to toss my passport (and tax bill) in the trash.

@nomadkickbox4049 5 жыл бұрын

I will give you a free trash can to dump your US passport once you get rich!

@moststatus1170 3 жыл бұрын

Suspended contact jamesnorth101

@rohansgamingyt6471 3 жыл бұрын

Skype sellermanagers he sells accts

@olicowan3714 5 жыл бұрын

I love me some tax dodging. Great vid. Paying taxes is for idiots and poor people.