Quote:
Originally Posted by Gary_CSI
Thanks for the info GreyWolf, that's exactly what I thought too and since I made those posts I did a bit of research on the subject. It seems like a lot of people who open an offshore company with an offshore bank account and just withdraw cash from ATMs in the country where they live and generally do business are just asking for trouble.
I guess you can minimize taxes if the structure is right, but can't completely avoid the issue if you want to remain 100% legal. Damn, I knew it couldn't be that easy.
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Yes... the plastic card syndrome is not a good idea these days
It may have worked 10-20 years ago, but still a risk of damage if it was uncovered. It's far better to remain "legal" and not get hassled and penalized.
Seriously.. the simplest scenario, tho that depends often on personal and family circumstances - is to simply move offshore. You still remain a citizen of your own country and happen to live elsewhere, but can still return to your "home country" and visit family and friends etc - tho there is the tendency they may want to visit you instead
