Your Offshore Guide

FINANCIAL ADVICE

Successful utilisation of tax treaties, tax codes, various corporate entities, investment vehicles and financing techniques is considered by some to be an art form. It is for this reason that experienced qualified tax professionals should always be consulted when investing offshore.

Although this website is designed to give you a firm grounding in order to explore the opportunities offshore, it is essential you take financial advice before you embark on any offshore investment plan. If you already use a professional adviser for your finances, then he or she would be your first port of call. They will be intimate with your financial background and in the best position to advise on what course of action, if any, you should take. In addition, if your adviser does not have the expertise you require, they will be able to recommend an appropriate adviser who does for that particular aspect of your finances.

It is often the case that you will have to use a number of advisers. This is particularly true of expatriates who may well need such eclectic advice to suit a mobile lifestyle. Of course, circumstances must dictate whether you need different advisers. But perhaps the strongest argument is that one advisory firm cannot be au fait with every domestic tax law. For example, Spain doesn't recognise the trust concept but does accept the use of life assurance policies for tax planning.

The basics of choosing a good financial adviser are of course even more important when assessing opportunities offshore.

  • Check that the adviser is registered and authorised to give you the appropriate advice.
     
  • Is your adviser charging you a fee or taking a commission on products suggested?

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