Cross Border Tax Advisory
Offshore tax compliance check up.
One of the major goals as Goldbach Capital is ensuring our high net-worth clients receive the proper guidance through our family office services. Whether it be wealth planning or personal planning, our team is prepared to assist you every step of the way. When it comes to tax planning, there are many different plans one can pursue to enhance their tax experience. Additionally, with the numerous factors that go into thorough planning, it’s nearly impossible to do it on your own.
Goldbach Capital utilizes close interaction with our clients as the heart of our process in order to fully integrate each family’s vision and core values. We pride ourselves on being a fully independent entity, able to activate all external resources and competences needed in order to deliver services with asset protection, growth, and monitoring, life simplification, and cost cutting at the forefront of our strategies.
How can you preserve your wealth if you are being highly taxed for your earnings? This is where having a tax advisory comes in. Goldbach Capital’s Family Office Services are equipped to provide tax advisory that can save you the most.
There are various options for you and your wealth, depending on your needs. Some tax advisory can involve making smart investments. Others will involve seeking offshore investment opportunities or banking options. Below are some of the tax advisory services offered by Goldbach Capital’s Family Office Services.
It is well known that there are great vehicles that allow individuals to make certain offshore investments, or move current investments offshore, that can lower their tax responsibility and protect their assets.
One way that many investors have lessened their tax burden is via purchasing offshore investments, or holding existing investments in offshore accounts. Nations around the globe take pride in their title as a tax haven, a country or territory that offers tax incentives for foreign investors and corporations. These incentives benefit the investor as well as encourage growth of their own economy by attracting wealth from other countries.
Banking offshore offers the account holder a wide range of benefits and tax cuts, and can be very easy to get involved in. Money kept in a foreign bank is treated differently by IRS than that held in domestic bank accounts. In some ways, the IRS has discouraged the usage of a foreign bank account, worried they will not receive the revenue from the accounts.
Expatriation is another way individuals have lightened their tax responsibility. Through expatriation, individuals looking to relieve much of their tax pressures can seek out jurisdictions that do not ask to report some of your earnings.
An offshore LLC is another way that many individuals are taking advantage of favorable tax laws. It often raises tax compliance questions. Holding assets in an offshore LLC does completely relieve the tax burden of the investment, however. They are not a vehicle to hide income. Rather, it is to keep wealth and assets out of less reliable and less tax-favored jurisdictions.
There are certainly ways to take assets offshore, save on taxes, and remain completely compliant. Finding a tax advisory to help you do so is the first step.
Cross Border Tax Advisory
While taking wealth offshore relieves some tax responsibility, offshore investing is under a lot of scrutiny. Many nations are discouraging investors to go offshore by strengthening regulations and tax laws. It can be nearly impossible to understand a person’s total tax responsibility when they have investments in several different countries, with multiple bank accounts.
Additionally, every tax system has different requirements and it can be nearly impossible to know all of them. That does not mean you will be held responsible to follow them.This can be confusing when it comes tax season.
With the help of cross border tax advisory, a team of tax professionals can help clients stay tax compliant and even find tax savings they may be missing out on.
For multinationals, knowing and understanding international tax compliance plays a key role in their journey. As tax laws become more complex, it is becoming much more difficult for these individuals. Further, international tax laws can be often hard to access in many places.
Choose Goldbach Capital
Goldbach Capital has the knowledge and resources to become the trusted partner of wealthy families. Our highly qualified tax advisors offer a comprehensive range of services, by combining proprietary expertise with an external pool of first-class advisors. Our priority is protecting and growing assets of our clients. In the world of taxes, we review the charges that are associated with all relevant categories of taxes in multiple jurisdictions.
Each client can decide which modules he wants to engage Goldbach Capital on. Thanks to its efficient and cost-effective solutions, Goldbach Capital is a credible alternative to existing or projected in-house organizations.
Not only do we offer offshore tax advising, our team is fully equipped to assist with a full range of tax advisory services:
• Tax Planning
• Tax Optimization
• Tax-Favored Investing
We suggest advice and actions in an attempt to legally optimize the taxes that clients pay, while taking into consideration the tax laws and regulations of any relevant jurisdiction. Our clients have very specific needs, including the following:
• Entrepreneurs that are selling their businesses
• Top managers cashing in their stock-option plans
• Individuals and families relocating to a new country
• Managing the cash flows of business
While incorporating our approach in life simplification, cost cutting, and asset protection, growth, and monitoring, our family office services integrate your family’s vision and core values to create the right portfolio for you and create the best plan to save big on taxes.
More from Goldbach Capital
Goldbach offers clients with more than 10 million in assets under its management a complete range of family office services, similar to what large multi-billion dollar families typically receive through their own family offices.