New Forum Sponsor (Global Wealth Protection)

[MJ DeMarco]

Please welcome a new sponsor to the board, Bobby Casey, although @GlobalWealth has been around this neighborhood since we broke ground years ago.

He offers information/knowledge regarding asset protection and investment alternatives that go beyond your simple IRA, or a US based index fund. Some detail...

This membership product is unlike anything in the marketplace. We are using our experience and rolodex of connections to bring you information about how to move your business offshore, protect your wealth in a private manner and explore the world as a virtual nomad. Every month you will learn ways to make your business and your wealth completely anonymous - like John D Rockefeller stated, "Own nothing, but control everything". You will learn strategies for setting up and using proper offshore structures for your business and your investments, how, where and why to obtain 2nd residency and/or citizenship, how, where and why to invest in foreign real estate, precious metals investment and storage offshore and much more. Members can join monthly live webinars as well as join at live members events around the world. Additionally members get huge discounts on domestic and offshore corporate services, trust and foundation administration, opening offshore bank and brokerage accounts and more.

More info...

https://globalwealthprotection.leadpages.net/offshore-ecommerce-guide-fastlane/

Or

globalwealthprotection.com (which has a lot of free resources/articles)

If you have questions for him, I'm sure he'd respond here.

 

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[GlobalWealth]

Thanks MJ. Any questions - ask away.

 

[JasonR]

Just wanted to chime in and say Bobby (@GlobalWealth) is a walking Wikipedia article on this stuff. I sat down with him for a day and I'm pretty sure he know 99% of the questions I asked him. I currently hadn't been out of the country much...

But now I'm typing this in Bali.

Again, Bobby knows his sh!t like no one else I know when it comes to this stuff.

 

[GlobalWealth]

If you see our forum sponsor link it's for our free offshore ecommerce report. Anyone serious about taking those steps should consider our membership group. That is an information product educating entrepreneurs on offshore strategies as well as free consultations, monthly live webinars, live events and product discounts. Thats our entry level product.

Anyone with a virtual business can benefit from strategies we discuss.

Beyond that, for offshore corporate services - there isn't really a threshold. We have startups that go offshore from the beginning. Some are well established companies. It really depends on your business if its viable for you. Thats why we have the membership group that allows members to learn as well as get free consultations to assess their situation.

As for offshore asset management. You should probably have a 1mm net worth.

 

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[GlobalWealth]

Great newsletters that i recommand signing up for ..... Eventhough, politically sometimes we are not on the same side Great insight nevertheless

Thanks Bila. I am well aware that we are not "mainstream" in our views and what we write about. We are trying to get our readers to see a different viewpoint, agree or not. People never learn when they continue to read viewspoints perfectly aligned with their own.

 

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[GlobalWealth]

is how you scout business and investment opportunities in different countries (like your idea of renting apartments in various countries through Airbnb). Is such stuff (not necessarily Airbnb, I'm talking in general about international opportunities) mostly reserved for people with more capital or do you also have some tips for people who'd like to start, but don't necessarily have six figures to invest right away? Also, any particular tips for conducting business/investing in developing countries?

This is a pretty vague question so I'll do my best. If you have a more specific question fire away.

For me personally, I have a couple of businesses already:

• US domestic corporate services (registering LLC's)
• Offshore corporate services (registered IBC/LLC's)
• Offshore trust and fiduciary services
• Consulting (same topics)
• Membership site (same topics)

All my business are interrelated so it is not like I have 5 separate jobs. But it is enough.

I am not looking for business opportunities that require additional time input. I am only looking for more clients that fall within my core area of competence.

If I find a business opportunity that requires time, I don't investigate it. I am only looking at investment opportunities.

And for me personally, I am primarily looking at real estate and private business.

The airbnb thing is an excellent choice because it fits my lifestyle. I can earn a nice yield while getting to live rent free in multiple countries. I assume you saw my thread here:

https://www.thefastlaneforum.com/community/threads/live-rent-free-in-multiple-countries.59964/

This explains in detail how I source these deals.

Hard assets like real estate are perfect for me. They give me a way to "park" cash outside of the banking system, get paid rental income, AND get a free place to live. It requires very little time on my behalf - which is a requirement - but yields considerably more than I could get in the stock market.

Yes, you are at risk of falling real estate prices - but you have this risk with any investment. At least with real estate, even if it falls by 50%, I still have a place to live.

As for private business investments. I am looking for unique but simple investments that are win/win for both me an the entrepreneur and pay me so much that it is silly for me to NOT invest.

I recently made a private investment that is a combination of an interest bearing loan and a percentage of profit. I have a friend who needed a new piece of heavy equipment in his business but he has bad credit from the housing crisis and not enough cash to buy it. So I made him a deal loaning him money to buy the equipment at a very good interest rate PLUS a percentage of profits until the equipment is paid off. We bought this piece of equipment used at a very good price so even if the business falls apart, I can always sell the equipment to recoup my investment.

It was a great deal for both of us that will increase his monthly income by almost 50% and my net yield runs around 25% per year or more depending on how he does.

In this case, I only invested because I know the guy very well. And I know how he runs his business.

So in short, I invest in unique but simple businesses where I personally investigate the business opportunity and know the entrepreneur. I want to know the margin of error is so big, it is almost impossible for me to lose money. Like above, I can always sell the equipment, or the apartments to recoup my investment.

That's not to say I wouldn't invest in a business without hard assets, but I would need to know the entrepreneur REALLY well.

 

[Johnny boy]

Make sure to follow globalwealthprotection on instagram for based content delivered regularly.

See you in PDC Bobby

 

[GlobalWealth]

Ironically I am currently in Panama City, Panama at a GWP INSIDERS event with clients.

We are walking them through getting Panamanian residency and visiting a private vault today.

One client is a British couple. Based on the strategies we are implementing for them they will save 6 figures in taxes thus funding their new nomad life.

Another client is a real estate investor. We are moving his liquid portolio offshore and re-establishing his real estate holdings to save a bit over $100k in taxes.

Clients like these are the reason I love this work.

Sent from my SM-G900FD using Tapatalk

 

[GlobalWealth]

@GlobalWealth, just wanted to let you know that I joined GWP INSIDERS mostly because of your generous advice here. I'm looking forward to learning more from you both here on the forum and on your site (and hopefully in person soon).

Hey MTF,
Glad to have you as a new member. There is a wealth of information in there about foreign residency, 2nd citizenship, asset protection, moving your business offshore, investments, and more.

Make sure to view our webinars from the last 2 months. In May we started doing live webinars for members. May was, "Become an Offshore Real Estate Mogul and Live for Free" - we discussed how to invest in foreign real estate and rent out short term for a solid yield and a free place to live. I did a post on the forum about this topic but the webinar goes into much more detail.

June was, "Take Control of Your Retirement Accounts NOW" - we discussed how to self manage your IRA or 401k and invest in precious metals, foreign or domestic real estate, private businesses and more.

 

[GlobalWealth]

Another question for @GlobalWealth - are the webinars recorded for later viewing? I might have missed this week's webinar by just a few hours, and can't find a link.

yes, all webinars are recorded and available to view in the members area. The one yesterday, "Take Your Online Business Offshore" will be up in a couple of days. We need to edit and upload it.

 

[Iwokeup]

At what financial point should an entrepreneur consider offshore/anonymous wealth protection? Or asked another way, who is your ideal "entry level " client? Thanks!

 

[GlobalWealth]

I would have to send invoices from the Estonian company with EBAN/SWIFT codes to Danish companies, right?
Not sure what they would think about this. They usually just enter an account number and transfer the money.
Besides, I believe most companies would prefer to do business with a company, that pays corporate taxes in the country, where they are doing business.

You are overly concerned about this. It is an irrational fear to be honest.

First of all, Estonia is in the EU. It's no different than transacting with a company in Germany, Czech Republic, or Finland. TFEU (treaty of the functioning of the european union) expressly permits cross border transactions and eliminates borders from a business perspective.

Do you think google is concerned that their clients will think less of them because they have an Irish operating company and a Dutch holding company for tax minimization?

 

[GlobalWealth]

But now I'm typing this in Bali.

Mad props for following through with it. And I know for a fact you do not now, nor ever will regret it. I bet it has already changed your worldview.

Again, Bobby knows his sh!t like no one else I know when it comes to this stuff.

Thanks again. I hope something we discussed was at least a little useful.

 

[MTF]

@GlobalWealth, just wanted to let you know that I joined GWP INSIDERS mostly because of your generous advice here. I'm looking forward to learning more from you both here on the forum and on your site (and hopefully in person soon).

 

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[MTF]

Looking forward to the webinar!

By the way, Bobby is probably not going to promote it here, so I'm going to do it for him. Check this podcast with Bobby as a guest: http://www.borderlessblog.com/offshore-wealth-secrets-with-bobby-casey/ It's one of the best interviews about internationalizing I've ever heard. It's pretty hilarious, too.

 

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[GlobalWealth]

My question is why you recommend LLCs in the US for non-residents if they most likely won't be able to open a bank account in the US or any other country in the world, which renders this structure pretty much useless for people outside the US.

The US is the largest tax haven in the world....just not for Americans. Using a US LLC for investments allows foreign investors to take advantage of asset protection benefits as well as tax exemption on capital gains (minus real estate) and huge tax incentives. It is actually quite easy for a foreigner to open a bank account for their LLC. They would just need to apply for an ITIN and use that when applying for the LLC's EIN.

The same applies to offshore companies - many internationalization experts say you can use them to reduce your taxes, but the only way to do that would be to have a tax residency in a tax haven/country with territorial taxation in the first place (otherwise if you want to do everything by the book, your offshore company is taxed in the country of your residence, so there are no tax benefits whatsoever).

Again, not necessarily true. But to be honest this is too complicated of a question to answer in this forum. This requires in depth research for each individual situation as factors such as nationality, residency, source of income, product type, nature of income, and other factors matter to get a real answer.

 

[GlobalWealth]

Just wanted to chime in and say Bobby (@GlobalWealth) is a walking Wikipedia article on this stuff. I sat down with him for a day and I'm pretty sure he know 99% of the questions I asked him. I currently hadn't been out of the country much...

But now I'm typing this in Bali.

Again, Bobby knows his sh!t like no one else I know when it comes to this stuff.

This just reappeared in my notifications and I read back in the thread realizing you posted this in 2015.

I clearly remember sitting out by your pool in AZ and you telling me you were going to go abroad for about 3 months then back to AZ.

Damn, that was 6 years ago. Wow.

Look at all we've done and seen in the past 6 years.

 

[Bila]

Great newsletters that i recommand signing up for ..... Eventhough, politically sometimes we are not on the same side Great insight nevertheless

 

[GlobalWealth]

Swedbank

 

[GlobalWealth]

According to the cpas we work with, as long as you file properly there is zero increase in audit risk.

As for filings. You need to file is you have more than usd10k in aggregate in foreign accounts. Nothing complicated though.

 

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[ShakeItUp]

I own a portfolio of ecommerce businesses and have been considering offshoring (business first, then myself) for over a year now for tax / lifestyle reasons. I've also done periods of "perpetual traveling" (on and off for months to a year at a time) myself, and frankly being stuck in Australia is starting to get a bit suffocating

@GlobalWealth I am very interested in your GWP INSIDERS membership. However, my businesses and residency are Australia based and I am a bit concerned about one thing. How much of your content is US centric?

For example, the GWP INSIDERS sales page definitely does sound like large chunks of the content will be targeted mainly to US residents (self directed IRAs, 401Ks etc).

I do understand that there are equivalents concepts for Australians (self managed super funds etc, which I am already utilising), but I would still like to know how much of the content is specifically targeted to US members.

 

[GlobalWealth]

@GlobalWealth I am very interested in your GWP INSIDERS membership. However, my businesses and residency are Australia based and I am a bit concerned about one thing. How much of your content is US centric?

We have clients from all over the world. Admittedly about 50% are American so we do "speak" to that audience, but nearly all of our strategies are able to be implemented by other nationalities.

Of course the information about IRA/401k's and offshore tax planning for Americans is American-centric, but we work with many "commonwealth" clients as well.

 

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[ShakeItUp]

We have clients from all over the world. Admittedly about 50% are American so we do "speak" to that audience, but nearly all of our strategies are able to be implemented by other nationalities.

Of course the information about IRA/401k's and offshore tax planning for Americans is American-centric, but we work with many "commonwealth" clients as well.

Thanks for the reply, that does clear it up.

As I mentioned, I do understand that tax planning is an individual thing anyway and strategies need to be tailored to each individual situation, so I am not too concerned with that. I will definitely get the INSIDERS membership as I can see the wealth of information you have contributed on this forum alone!

However a bit of feedback, much of your pre-sale material is highly US centric (e.g. your email newsletters) and would be turning off potential global customers. e.g. the autoresponder email which I got today was 100% geared towards someone living under a US tax system, and had I not already spoken with you on here that would have turned me off the entire GWP INSIDERS offering.

 

[GlobalWealth]

Thanks for the reply, that does clear it up.

As I mentioned, I do understand that tax planning is an individual thing anyway and strategies need to be tailored to each individual situation, so I am not too concerned with that. I will definitely get the INSIDERS membership as I can see the wealth of information you have contributed on this forum alone!

However a bit of feedback, much of your pre-sale material is highly US centric (e.g. your email newsletters) and would be turning off potential global customers. e.g. the autoresponder email which I got today was 100% geared towards someone living under a US tax system, and had I not already spoken with you on here that would have turned me off the entire GWP INSIDERS offering.

Thanks for the feedback. I will definitely take a look at the autoresponders.

Sent from my SM-G900FD using Tapatalk

 

[ShakeItUp]

Thanks for the feedback. I will definitely take a look at the autoresponders.

I just signed up. For anyone here considering the membership, I can state that the articles and info in the members only section are awesome. I have been looking for similar information for months now and short of questionable sources and anecdotal information, its VERY hard to find a reliable source of information like this.

Another question for @GlobalWealth - are the webinars recorded for later viewing? I might have missed this week's webinar by just a few hours, and can't find a link. (I know I can ask the GWP support team, but I figured this might help others here as well).

 

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[Eskil]

Just came here to say - to anyone who doesn't know Bobby / @GlobalWealth - he is an extremely knowledgeable guy in this field. Having personally seen a few of his presentations on this subject at the Fastlane meetups, there is no questioning the value and expertise that he and his services provide. Oh and, he's also a pretty cool dude

 

[MTF]

Sorry but what is your question?

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My question is why you recommend LLCs in the US for non-residents if they most likely won't be able to open a bank account in the US or any other country in the world, which renders this structure pretty much useless for people outside the US.

The same applies to offshore companies - many internationalization experts say you can use them to reduce your taxes, but the only way to do that would be to have a tax residency in a tax haven/country with territorial taxation in the first place (otherwise if you want to do everything by the book, your offshore company is taxed in the country of your residence, so there are no tax benefits whatsoever).

I'm just trying to understand what I'm missing here...

 

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[Mckenzie]

I just signed up. For anyone here considering the membership, I can state that the articles and info in the members only section are awesome. I have been looking for similar information for months now and short of questionable sources and anecdotal information, its VERY hard to find a reliable source of information like this.

Another question for @GlobalWealth - are the webinars recorded for later viewing? I might have missed this week's webinar by just a few hours, and can't find a link. (I know I can ask the GWP support team, but I figured this might help others here as well).

Hi @ShakeItUp, thanks for the posts. I'm Australian too, been here more 30 years...
How did you find the INSIDERS membership so far? Is it still good and valuable as an Australian, non-US citizen? Like you, I've been looking for these kind of info a long time, and not found much legit ones that I can trust.
Thanks

 

[Mckenzie]

Thanks MJ. Any questions - ask away.

Thanks @GlobalWealth. I've been reading your other thread on live rent free, and now found this. I'd like to check your INSIDERS out and learn more about this thing. I'm Australian, so are your teachings in there applicable for the non-Us citizen? And do you mind if I ask what's the cost joining the INSIDERS?
Thanks

 

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[GlobalWealth]

Thanks @GlobalWealth. I've been reading your other thread on live rent free, and now found this. I'd like to check your INSIDERS out and learn more about this thing. I'm Australian, so are your teachings in there applicable for the non-Us citizen? And do you mind if I ask what's the cost joining the INSIDERS?
Thanks

More than 50% of my clients are non US.

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