The public debt still running rampant and the Euro zone debt crisis that has still found no solution, are the reasons for the ever increasing pressure on low-tax countries and so-called tax havens. Tax Information Exchange Agreements (TIES), Double Taxation Agreements (DTA), the US American Foreign Account Tax Compliance Act (FATCA) and the OECD-standard for Automatic Exchange of Information increasingly restrict many wealthy public figures in their legitimate wish for discretion, data privacy and a confidential handling of assets.

FATCA, TIEA & Offshore: Where will my money be safe?

FATCA, TIEA & Offshore: Where will my money be safe?

Who will manage the whole flood of data?

Experts already predict for the USA that the management of all FATCA data will require much higher financial and human resources than officials expected until now. Based on current information, FATCA is expected to become a loss-generating operation, so it comes as no surprise that criticism is becoming louder and louder in Washington. But until this happens, US Americans must come to terms with the fact that their privacy is cancelled on a global level. The only solution: giving up their American citizenship and becoming a non-US matter to which FATCA no longer applies.

Where are my assets secure these days?

The debt crisis in the Euro zone renders Europe uninteresting for many investors. Bailouts for the banks, the European Banking Union, the 10% debt tax requested by the IWF for bank assets, the debt cut in Greece and the losses in Cyprus are all still omnipresent, although Cyprus is gradually starting to get back on its feet.

Anyone not willing to carry these incalculable risks will have to invest his assets and savings outside of Europe and implement a structure that can sustainably provide the advantages of data privacy and tax optimization.

At the present time, almost 50 states have pledged themselves to the automatic information exchange. This process is meant to create the transparent bank customer as of 2017, and will already include existing bank accounts, starting at the end of 2015. Therefore it is important for you to have already set up your financial and legal situation, so that your assets and legitimate right to privacy will be protected in the future. EU citizens are especially advised against bank accounts within the EU.

The Central American state of Belize, located between Guatemala and Mexico, the Marshall Islands in the Pacific Ocean, the Caribbean Dominica, and also newcomers like Gambia, continuously provide the highest level of data privacy and discretion. Employing a fiduciary corporate structure and an offshore bank account in Belize will ensure your path to personal freedom and rights over your personal information.

Our consultants are happy to help you decide on the right offshore structure for you.