How to legally Reduce your Taxes
You rack your brain trying to figure out how to expand your business, attract more customers, cut expenses and increase profits. Yet somehow they overlook their biggest expense: taxes.
You may simply be thinking of all those taxes as a sunk cost. And that's certainly true if you can't see beyond the national borders that currently confine your business.
But the world has shifted dramatically, and it's time to change the way you think. It's time to think worldwide. Take yourself and your business offshore and reap the benefits of legally reducing your taxes.
How to pay less taxes
Select a business rate.
Offshore incorporation of your business is not an easy process, but it can certainly be done. You could potentially pay 0% tax based on your type of business.
Select your personal tax rate
If you move your 'center of life' to a foreign country, you could potentially pay no tax at all. Start by exploring some of the best countries for a second residence.
Find a tax adviser
You're going to need to get advised. International tax law is not something that you want to get wrong. You’d be risking considerable fines or even jail time. We’re here to help.
Around the world, tens of countries without income tax want successful people like you, and they're willing to offer generous tax allowances, fewer rules, more efficient schemes and much more. You have options if you're looking to reduce your tax burden.
Countries are looking for successful business owners, investors and high net worth individuals to relocate to their country, especially those looking for immediate access to capital to sustain or accelerate their growth.
Chose your tax rate
Unfortunately, if by chance you're reading this from a high tax country, you've chosen to pay that high tax rate. By choosing to stay where you are, you are sending some of your own money right down the sewer and into the pockets of the taxman. Your government is successful because it's convinced you that you need to hand over a significant percentage of your income periodically.
You can change this, you can select your tax rate. Some may choose 0% - living tax free to the fullest. Others will choose to pay a low percentage in exchange for other benefits.For example, you can choose not to pay 0% in Belize and instead pay taxes in a country like Italy or Portugal through the Italy Golden Visa, or Portugal Golden Visa, where your total tax bill will be significantly lower than what you are paying now. There are a number of jurisdictions that will offer you one of these two options: zero tax or low tax.
So, if you are interested in finding out more about tax heaven countries and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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