Offshore Tax Planning

Offshore tax planning starts with listening to the client. There is no “one size fits all” solution. Offshore tax planning therefore starts with an analysis process that looks at the customer’s current situation and needs. From there, an experienced professional can make a shortlist of possible solutions, discuss it with the client and his other professional advisers and finally come up with an action plan.

This process of offshore tax planning may sound complicated at first, but it is important to take the time to dig into the details. Any mistakes can prove very expensive – not only in terms of taxes, but also fines and reputational risk.

Proper offshore tax planning allows you to minimize or eliminate tax liabilities, with increased financial privacy being a valuable by-product. Successful individuals or people in the limelight rarely want to show off their wealth, preferring discretion to avoid being targeted by greedy criminals.

Preliminary Offshore Tax Planning is therefore a theoretical phase prior to practical work. Practical offshore tax planning is the implementation and optimization stage where new companies, trusts or foundations can be created and bank accounts opened.

Needless to say, a successful individual or his/her business needs an offshore tax plan that minimizes taxes owed and along the way ensures full and unquestionable compliance with the law. But which law? Offshore tax planners will typically need to consider multiple jurisdictions, starting with the countries of residence and the individual’s citizenship (citizenship is particularly important in the case of US persons) and then look at jurisdictions of incorporation and tax domicile for corporate structures that form part of the overall tax planning.

Overseas tax planning involves the use of various legal provisions such as:

• Possibility of tax deduction
• Offshore tax planning benefits
• Fiscal incentives to encourage inward investment
• Residence and citizenship of the head of the household and family members

Below is a list of important tax planning articles from the InternationalWealth portal.

Our experts are happy to help you register a foreign company to solve your problem. It is important to note that KGN Consultants are prohibited by law from engaging themselves in Offshore Tax Planning, but are happy to work with your chosen professional advisors or recommend trusted partners who are suitably qualified and licensed tax planners in various offshore jurisdictions worldwide.
Write us a detailed e-mail about your situation and ask everything you ever wanted to know about offshore tax planning in an e-mail: send your questions to kgn@kgn.dk Important: all inquiries will be processed on the basis of utmost professional confidentiality. You are dealing with a trusted company that has been around for many years.