Tom Ruscha Bowman Offshore Bank Transfers: Start an Offshore | Page 2

The right advice for your offshore business
If you’ve found your way here, then you’ve probably already tried Googling “offshore company.”
And you’ve probably encountered blogs and articles with conflicting information.
“You need an X offshore corporation in Y part of the world.” “No, you need a Y offshore
company in X part of the world!”
This information is likely written by people still living in the USA, still paying high taxes (you
know, the same high taxes you’re trying to get out from under).
This bad advice will not show you the legal path to low tax rates.
And there’s another red flag to watch out for from these “experts in theory”–there isn’t a single
approach that will work for every business. You need to get advice from someone who
understands the global tax market, who understands your business, and who understands your
goals behind starting an offshore company.
Each type of business has specific needs, and these needs are best served by personalized
solutions. Many of the offshore company “service providers” out there are either ill-informed or
outright frauds. And if you don’t know what to look for, it’s easy to get caught in their appealing,
misleading pitch.
What makes my advice different from the endless stream of “armchair expat” blogs out there?
I’ve personally taken my tax rate from 43% to single-digit numbers with the help of the global
tax market. And I’ve helped many others reduce taxes for their business (and continue to do so
through my exclusive coaching program).
Years ago, I felt trapped underneath a hefty tax bill while trying to run my first successful
company. Unlike most business owners, I decided to do something about it. Now I travel the
world, paying single-digit taxes and helping others build this lifestyle for themselves.
Think about it–every day that goes by where you sit in the US, or Canada, or Australia, reading a
blog about starting an offshore company, is another day you lose money to high tax rates.
How does starting an offshore business really work?
The “why” behind offshore companies
A prevailing image of the offshore company industry is one of money laundering, gangsters,
drug money, and villains wearing white linen suits (that are–somehow–never stained by the
cognac they always seem to be drinking).
In reality, it’s not that sexy (although your particular cognac consumption and linen suit-count
may vary). Offshore companies are entities that people create in order to legally take advantage
of the global tax market.
The benefits of an offshore corporation can include protecting assets from impending litigation,
shifting the tax burden imposed upon the company, and protecting the company from political
unrest and economic instability within the country of the owners.