Doing Business In Belize

Jan. 19, 2011:

"Kathleen, I was recently referred to your website, and I see that you are promoting Belize.

"I have been to Belize a couple of times for business and pleasure since 2004. I really like the country and am considering moving there full-time. The United States is really out of control these days.

"I have no problem selling my home here in Florida and whatever it takes to build a new life in Belize. I am 43-years-young and self-employed, working on the Internet, so income would not be an issue.

"My concern is paying U.S. income taxes while living in Belize. Do you know if retired U.S. citizens are required to pay income taxes in the United States even if they're living elsewhere...in Belize, for example? I know that, under the Belizean program for retirees, a U.S. citizen retired there does not pay income taxes to the Belizean government.

"Thanks for any help you can give."

--John J., United States

If you set up your Internet company offshore (that is, outside the United States and, in this case, outside Belize), then you can take a salary from that company up to the current amount of the Foreign Earned Income Exclusion (US$91,500 in 2010) and pay no U.S. taxes on that earned income.

You'll still have to file tax returns every year in the United States, both personal and for your corporation, even though it's outside the U.S. However, if you set things up properly, you'll pay no taxes, neither in the United States nor in Belize.

If this is your plan, you should join us in Belize next month for our Live & Invest in Belize Conference, Feb. 21-23. Among the two-dozen speakers at this event will be attorneys, residency advisors, tax experts, and others who could help you to organize your business and financial affairs safely and compliantly. Again, the net result should be that you pay no tax in either jurisdiction.

----------

Discover Panama, Warts and All!

No marketing hype, no rose-colored glasses.

That's the promise we make with the Panama Letter. Panama is right now one of the world's top retirement, investment, offshore, and doing-business haven. To get the most out of this little country with such an abundance of upside, and to determine which opportunities might be right for you, you need to know the full story. You need to understand all the facts, straight, complete, and current.

You need to see Panama for what she really is.

Let us open your eyes to the good, the bad, and the ugly of living, investing, banking, and doing business in this much-talked-about little country. Only then can you set yourself up for success here.

This is Panama without the sugar coating. From a team of expats, investors, and businesspeople with, together, many decades of experience spending time and making money in the Hub of the Americas.

Go Here Now For The Full Details.

----------

• Retire To Europe