Plane ticket (check), Offshore company (check), Offshore bank account, Payment processing (check),
NO TAXES …!!! ….. SLOW DOWN …. CFC will put a damper on your tax free dreams if you neglect to follow some basic guidelines listed below.
We will cover some information to protect yourself from liberty bashing politicians and regulatory authorities while you travel and enjoy the benefits of a location independent lifestyle.
While there are many jurisdictions where you can establish a company, other factors come into play aside from ‘x’ % – tax rate in ‘y’ country
CFC rules prevent many people from legally doing business through another company in another country while they are sitting in their home country or country of residency. Unfortunately these ruin grand plans people have about sipping fruity cocktails and working from their laptop on the beach.
However, there are some countries that do not have laws constraining your earning ability in a foreign country while you are in your current country.
Our goal is to help you better understand how to avoid the shakedown by the taxman in your country of citizenship and country of residence as you travel and work worldwide.
Continue reading “CFC: The devil in the details for location independent business people”
AI – Anguilla
AG – Antigua and Barbuda
AW – Aruba
BB – Barbados
BZ – Belize
BM – Bermuda
BN – Brunei Darussalam
VG – Virgin Islands, British
VI – Virgin Islands (U.S.)
GD – Grenada
GU – Guam
GG – Guernsey
JE – Jersey
DO – Dominican Republic
KY – Cayman Islands
AD – Andorra
MC – Monaco
GY – Guyana
CW – Curaçao
LBU – Labuan
MO – Macao
MS – Montserrat
WS – Samoa
NU – Niue
NC – New Caledonia
AE – United Arab Emirates
BS – Bahamas
OM – Oman
IM – Isle of Man
CX – Christmas Island
CK – Cook Islands
PN – Pitcairn
VU – Vanuatu
LR – Liberia
MU – Mauritius
MV – Maldives
MH – Marshall Islands
NR – Nauru
PW – Palau
PA – Panama
SC – Seychelles
FJ – Fiji
VC – Saint Vincent and the Grenadines
LC – Saint Lucia
SX – Sint Maarten
TC – Turks and Caicos Islands
UY – Uruguay
KN – Saint Kitts and Nevis
HK – Hong Kong