How To Operate Your Business Overseas Tax-Free
Sept. 30, 2014, Panama City, Panama: Starting or relocating your business overseas, including your website or laptop business, can make it possible to operate your business tax-free.
Dear Live and Invest Overseas Reader,
The key advantage of going offshore is diversification. The good news is that you have the opportunity to diversify not only your investments in this way, but your life, too—both your personal life and your professional one.
That is, in today's world, you can realize many benefits by taking your business offshore along with your investments and yourself—either your existing business or one you would like to start to fund your new life overseas.
Most important among these can be the tax benefits. Whether you have (or are considering building) a factory or an Internet business...whether you're earning your income as a consultant or a laptop entrepreneur...
taking your business offshore, especially if you're a U.S. person, can result in significant tax advantages.
One young lady I met at our Belize conference last year made bead jewelry. She sold her jewelry in the United States and was looking to expand her production capacity. She was in Belize (among other reasons) to take a look at the country's Export Processing Zones (EPZ). Setting up shop in one of these zones (or starting your own EPZ specifically for your own business, which is possible in Belize) allows you to import your materials, process them, and then re-export the finished product without paying taxes in Belize.