Bahamas

[metooxx]

Quote from weewilly:

kicking - i'm told it's not difficult as long as you are not asking for working privileges. you basically pay an annual fee for resident status w/o the right to work.

Correct or you don't always need that ...

 

[metooxx]

Quote from freealways:

>>w/o the right to work<<

I am assuming this means without he right to work in mainstream.

In other words, if one is working for oneself, either trading from home or from an office OR if one creates a business one wouldn't necessarily be in breach of the law. Is this correct ?

freealways

The creating a business needs more detail ...

 

[metooxx]

Quote from ButterMilk:

Metooxx

...I understand that if you create a IBC, you (and your wife) could work for that IBC (receiving the deduction discussed earlier in this thread). The excess of that deduction can be left in the IBC and not taxed unless repatriated to the USA.. Can you verify this.

Normally I would answer that the undistributed profits are subject to current taxation; I recently found a structure that might get around that.

But; the legal fees are steep ...

 

[metooxx]

Quote from weewilly:

btw i am fairly sure you need to be on the inside of some private outfit down there, negotiate commissions, use private, proprietary software, etc., to have any chance of trading profitably. you may not need the same licenses you need to prop trade in the u.s., but if you think you are going to walk into a retail brokerage and not get clipped on commissions -- forget it. none of the offshore, online brokerages that i have researched offer anything NEAR workable commissions. you need to be on the inside, know people, etc. -- so what else is new?

I will introduce you to the firm we trade with if you want; just PM me ...

 

[metooxx]

Quote from Kicking:

Is it easy to travel to Florida from the Bahamas, with a ferry for ex. ? As a non US person it would be a good way to be close to the US and be able to spend part of the year in the States.

Non-US has to have a another airline ticket in their pocket ...

 

[Kicking]

Thanx Metoox for the replies. I hope the immigration laws don't change too often there I don't plan to move there until I reach my late thirties so a decade or so to wait... I miss the sunshine, palm trees and American women, the most sexy on the planet IMHO.

 

[Lutra]

Kicking, things do change even here. In 2005 we will probably join the Free Trade Area of the Americas and if this happens things will change considerably. So just stay in touch.

 

[metooxx]

Quote from Lutra:

Kicking, things do change even here. In 2005 we will probably join the Free Trade Area of the Americas and if this happens things will change considerably. So just stay in touch.

Where are you at?

 

[axeman]

http://www.quatloos.com/tax_shelter_promoters_indited.htm

Hmmmmmmmmm


peace

axeman

 

[Pabst]

Quote from axeman:

http://www.quatloos.com/tax_shelter_promoters_indited.htm

Hmmmmmmmmm


peace

axeman

Not applicable.