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A site with lots of good info. http://www.panamalaw.org/ US CITIZENS BEWARE: you must always report and pay taxes on any structure or bank account you own worldwide to the IRS. EVERYONE BEWARE: this site has good info, but I have no good or bad references about their services. Most of...

That report is potentially misleading. Panamanian offshore structures cannot engage in trading in Panama itself. Outside Panama you can do whatever the local laws allow. There are also some restrictions on Panama foundations, that's why I would use one of them just as a holding company, and...

Yes it can do that. You don't even report its earnings to anyone. Remember, you don't OWN a panama foundation, just CONTROL it. If you want to pass the foundation to your heirs, zero inheritance taxes. If someone sues you for whatever, or you get into a nasty divorce, no one can seize the...

As I said, the key is not only to avoid tax liabilities. You also have to avoid reporting liabilities. It saves headaches and legal trouble, not to mention unexpected changes in the law. Suppose they change the laws, if you report they inmediately get you because they know where you have your...

C-corps are not useful for foreign citizens, as they file their own tax return and pay taxes on their profits to the IRS, even if its owner is not US. S-corps, on the other hand, do not pay taxes. As LLCs, they have passthrough taxation, but only US citizens or residents are allowed to own...

Hi Daal Please excuse the rude answers from other ET members. They should encourage and facilitate foreign investment into their own country. First LLCs: For tax avoidance, incorporation in the US does not work well. The LLC is useful for asset protection, meaning that if you engage in a...

RCG is fine, as is MAN financial, GHCO, Advanced Futures and many others. Do you think it's much better at high end prime brokers Goldman Sucks, Merrill?? Not!! Setup is a pain everywhere. Get used to it.

What about foreign index futures? asian ?

RCG also uses Patsystems J-trader, TT x-trader and RANorder. RCG also uses ONYX but i don't know how it handles multi-day positions.

AFAIK if you trade with MAN, you can also use MTrade/RANorder. This platform doesn't erase orders or positions after market close. GTC is GTC and GTD is GTD. Excellent for multi-day trades, but it's clunky and takes a while to get used to. Not good for hyperactive in and an out. I am assuming...

There is a PhD Economics Professor at UPenn who's going to jail after murdering his wife and making an amateur attempt to cover it up. He thought he was smarter than the cops. <object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/DtWLlPItxhM"></param><param...

Just to join other ET members' good advice: Don't trade. Buy lottery tickets if you want, but don't trade. Actually your odds are better in a casino than the forex market. To trade properly, you should not care about the money. Don't trade thinking about paying bills, medical or...

Micheloud opens swiss accounts with Credit Suisse. What you get for their CHF 1199 fee is lower account minimums (half off) for free banking, and not having to travel to der Schweiz. Otherwise there is no advantage, you could just drop by at a branch, open a non-resident account with CHF 10,000...

F1 Technical Analysis 2005 2006 http://www.giorgionadaeditore.it/english/index.asp?a=dett&ID=416

That's bad taste. But it has a point, amateur pilot... not a good idea. Amateur trader... neither.

Check this old thread from yours truly http://www.elitetrader.com/vb/showthread.php?s=&threadid=42430

government , charities , ngos, all the same scam, promise to help the poor, take your money then spend a small amount on the poor and the rest goes to the scammers pockets. if you want to help the poor do it yourself , take some bright poor kid under your wing as a protege. that's what im...

why did your grandfather got kicked out of the "royal family"? born "out of wedlock" to some ho? but look at the bright side: you at least have more genetic diversity than any inbred royalty.

Doing the PT thing is increasingly difficult. EU countries have modified recently their tax rules to close the perpetual traveler loophole. Under the new rules, if you don't spend more than 183 days anywhere, then you are taxed wherever you own your house, if you have no house, you are taxed...

It's not news that swiss banks don't want american customers anymore, as they don't want to deal with US bureaucracy IRS, FBI, homeland security, NSA, and the like. You will be simply rejected for a new account if you say you are an american, and some have been closing old american accounts...