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ResourcesCorporate and Tax AdvisoryUS Tax LawThe United States: One of the Best Offshore Jurisdictions

The United States: One of the Best Offshore Jurisdictions

Transcript of the above video:

In this video today, we're going to be discussing how the United States can be a great offshore jurisdiction. You'll see a lot of folks talking about offshoring. I don't particularly think of myself as dealing with offshore structures exactly. We just happen to deal with different jurisdictions but for those who are not American citizens and their citizens of third-party countries, in many ways the United States can be a very advantageous “offshore jurisdiction” with respect to things like banking, incorporation and just general operation.

Non-resident aliens in the United States are not subject to the same tax burdens as are American citizens and lawful permanent residents. I'm not going to get into specific details with respect to this but that being said, it's enough to convey through this video that the United States as an offshore jurisdiction can be very beneficial under certain circumstances with respect to certain tax rates that can be given especially to encourage foreign investment, foreign businesses being brought into the country, job creation.

Another thing to think about is there are investor visas that are associated with investment in the United States. So one can invest in the U.S. and say, something like the EB-5 program and be granted a green card. Significant substantial benefits or associated can be associated with offshore investment in the United States.

The other thing to think about is unlike other jurisdictions that have come under increased scrutiny,  let's say push from law enforcement and revenue departments throughout the world most notably the IRS, you know putting pressure on various jurisdictions outside the United States. It's fairly difficult for some jurisdictions to put any pressure at all upon the U.S. with respect to issues surrounding things like revenue collection etc. And for that reason and I'm not saying it's like kind of a bullying thing, it's just sort of a simple statement of fact. You know, it's not particularly easy to pressure agencies in the U.S. to change policies with respect to non-resident alien investors. And I don't think that's going to change anytime soon for a lot of reasons. Investing in the United States, operating various types of incorporated entities and banking functions in the United States can be extremely advantageous for non-resident aliens of the U.S.A.