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Yeah just think what the US affiliates feel with 40-100K in dollars sitting decaying in the bank
Try earning in Dollars, banking in euros and living on dollars.
I havent found an easy way of converting my dollars to Euros, do you bank abroad Dom?
I do, I’m a German citizen.
Ahh thats cheating
You need to consult a tax lawyer, you can establish Euro accounts in a number of coutries legally and transparently as US citizen.
Just don’t hide from the IRS, you don’t want trouble.
I have no intention of hiding any earnings
Then i wouldnt be alowed to complain about taxes then!If you are creative you can also use this to your advantage. For years now places priced in US dollars were priced out of reach. You can now go house hunting for much cheaper. I bought a condo on the beach in Grand Cayman and it cost me close to 500k Canadian after the conversion, that same condo 3 years ago would have cost me 750k.
Are you living there now?
I was kind of looking around when I was there for CAP springbreak…
Possession date is in approximately a month.
thanks antoine for sharing your experiences. i for one have been on the run to get my act together after your post a few months ago about the bahamas being a low tax country.
ive not made any moves yet, other than to hire a consultant to sleuth everything out for me.
im not going to expatriate (yet!) so im still exploring all options. im looking for the wisest , cheapest way to incorporate offshore …
