Tag Archives: havens

OFFSHORE PRIVATE EQUITY COMPANIES: How to file new IRS Form 8621 for a Qualified Electing Fund or Passive Foreign Investment Company – It’s mandatory for tax years 2014 and beyond.

Posted on May 15, 2014 by New Providence

http://www.theguardian.com/world/2012/aug/23/gawker-mitt-romney-offshore-accountsThere are approximately 480,000 active offshore companies in the BVI and about 100,000 offshore companies registered in the Cayman Islands. I estimate that over 95% of these offshore companies meet the IRS definition of a Passive Foreign Investment Company (PFIC) … Continue reading →

Posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning | Tagged Bahamas, capital gains, CFC, FATCA, havens, incorporation, Passive Foreign Investment Company, PFIC, QEF, Qualified Electing Fund | 3 Comments

Offshore Company Formations/Banking Bahamas

Posted on April 13, 2014 by New Providence

We have formed offshore International Business Companies in the Bahamas and Anguilla since 1990. We formed over 1,030 Bahamian companies and over 350 Anguilla companies. We are overseas agents for Anguilla registrar since 2001. Avoid the problems that UBS’ U.S. … Continue reading →

Posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning, Uncategorized | Tagged Bahamas, banking, company, financial planners, formations, havens, ibc, incorporation, offshore | 5 Comments

There are over 500,000 active IBCs registered in the British Virgin Island and over 100,000 “exempted” companies in the Caymans. Goldman Sachs (Cayman) Trust, Limited operates as a subsidiary of Goldman Sachs (Cayman) Holding Company. Why?

Posted on March 8, 2014 by New Providence

Need a tax haven? https://www.linkedin.com/pulse/partners-associates-wanted-thomas-azzara?trk=pulse_spock-articles JPMorgan/Chase writes on U.S. Estate taxation: “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 … Continue reading →

Posted in capital gains taxes, financial, tax, tax avoidance, tax planning | Tagged anguilla, capital gains, CFC, FATCA, financial planners, Form 8621, havens, ibc, international, investing, irs, legal, Mitt Romney, offshore, Passive Foreign Investment Company, PFIC, Qualified Electing Fund, tax, taxes | 18 Comments