International CD Laddering with High Interest Rates
How can you create an international CD ladder that takes advantage of high interest rates at foreign banks? Dateline: Kuala Lumpur, Malaysia One of my personal favorite financial commentators is Dave Ramsey. If you’re familiar with my blog, then you might be a...
Offshore Life Insurance: the Last “Tax Shelter” for US Citizens
Did you know that you can protect your assets by buying offshore life insurance? Dateline: Kuala Lumpur, Malaysia When it comes to taxes, US citizens get a raw deal. Not only do they have to pay tax on their worldwide income, but they have to pay it regardless of...
How to Get Cayman Islands Residency and Pay Zero Tax
Do you want to live on a gorgeous Caribbean island without paying a dime in taxes? Dateline: Kuala Lumpur, Malaysia As I mentioned in my article on tax-friendly second passports, one of the most important parts of your tax, business, and personal strategies is...
FBAR Filing and Due Dates: the Ultimate Guide
If you have foreign bank accounts, then chances are that you’ve encountered FBAR. Dateline: Kuala Lumpur, Malaysia Last year, after renouncing my US citizenship, I prepared my final FBAR form. Going forward, I’m pretty relieved that I’ll never need...
What is an IRS Currency Transaction Report?
If you make a financial transaction of over $10,000, then your bank or other financial institution will need to file a Currency Transaction Report. Dateline: Kuala Lumpur, Malaysia Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you...
FAQs: Tax Incentives and Moving to Puerto Rico
Interested in the idea of moving to Puerto Rico for tropical beaches and zero taxes? Here’s what you need to know Puerto Rico has been in the news quite a bit lately. Specifically, its status as a new tax haven for Americans has landed it on editorial pages from...
The Zero-Tax Citizen: Tax-Friendly Second Passports
How can you use a second passport to legally lower your taxes? Dateline: Kuala Lumpur, Malaysia Those of you who are tired of paying high taxes may have heard that a tax-friendly second passport can help you legally reduce your tax burden. You might be a high-income...
1% Tax Rate in Europe: How to Start a Business in Romania
Romania offers a unique, ultra-low tax rate to small businesses that incorporate there. Dateline: Bucharest, Romania I can still remember the “a ha moment” that I had on my first visit to Bucharest years ago. I was sitting with a young woman at a cafe...
The Truth about Caribbean Citizenship by Investment
Caribbean citizenship by investment is a great way to start your passport portfolio. Dateline: Kuala Lumpur, Malaysia If you tell someone that you have Caribbean citizenship by investment, they might scoff at you. Many people call passports from places like Dominica...
Myths about Giving Up American Citizenship
If you Google “how to renounce US citizenship,” you’ll plenty of conflicting information all over the internet. So, what’s true, and what isn’t? Dateline: Kuala Lumpur, Malaysia When I first learned that you could renounce US citizenship,...