PLAN CAREFULLY! The Federal Estate Tax exemption for US citizens is $5.45 million in 2016, but foreigners get NO FET exemption – excepting just $60,000.

According to JPM, a Foreign Corporation (FC) can avoid the entire US Federal Estate Tax (FET), but a foreign individual would get clipped of about 40% of his US stocks, bonds, homes, land holdings, and other US situs property by the IRS.

JPMorgan/Chase: “Because stock of a foreign corporation (in a no tax haven) is not subject to U.S. estate tax, holding U.S. situs assets through a foreign corporation constitutes a planning opportunity.”

http://www.jpmfinancialservices.com/images/PDFs/EstateTaxation.pdf

The Caribbean tax havens have grown to rival New York and London as a place to hold family assets, and the US FET is one reason why there are so many offshore companies there.
480,000 IBCs in BVI;
100,000 “exempt companies” in Cayman;
45,000 IBCs in the Bahamas;
30,000 cos in Bermuda
25,000 IBCs in Anguilla

None of the Caribbean (tax) havens levy an estate tax.

We are a tax consulting and company formation firm located offshore in the sunny, tax free Bahamas since 1990.

◾Anguilla is a UK overseas territory with same tax status as Cayman Islands.
◾All the money and technology to create their offshore registration services came out of London.
◾Anguilla was one of the very first tax havens that adopted an online registry service.

◾QEII is the head of State in Anguilla.Cayman Stamp Queen

◾Got questions? email taxman@batelnet.bs
https://www.linkedin.com/profile/preview?locale=en_US&trk=prof-0-sb-preview-primary-button

1030 Bahamian companies since 1990
360 Anguilla companies since 2001
Offshore since 1990.

 

 

 

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About New Providence

Overseas agent - Anguilla registrar (since 2001) Company Formations/Trusts New Providence Estate Planners, Ltd. (since 1995) 54 Sandyport Drive P.O. Box CB 11552 Nassau Bahamas 1 242 327 7359 Fax/phone: (242) 327-7359 E-mail: taxman@batelnet.bs www.bahamasbahamas.com http://seekingalpha.com/user/7226491/profile Need good advice for your international operations? Hire us. Need planning that really works to fend off the IRS? I have 23 years experience. We form offshore company and foreign trusts. Over 1,330 offshore companies since 1995. We can win with FATCA, because we know US Tax Code.
This entry was posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning. Bookmark the permalink.

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