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Solutions for high net worth Russian Nationals
Russian taxpayers, like most taxpayers in Europe, are under a heavy tax burden. However, many Russians and Soviet Nationals have acquired a sizable amount of wealth. If you are a Soviet National with a sizable bank account, there are several options that should be considered. In Russia, the flat tax rate is 13% for each person. If you feel that you pay far too many taxes, read on! There are many ways to literally “hide money” from the tax system.
If you are a citizen of the former USSR, you may want to hide money in offshore banks. These banks, common in Switzerland, the Cayman Islands, and other tax haven countries, will allow nearly any individual to open a bank account with them. The interest you earn while your money is in an offshore account is not taxed. This is because these countries do not report your interest to the country with which you have citizenship. The Soviet Union will have no way of knowing how much interest your money has earned. This can be a great advantage. Some countries in the European Union are required to share information back and forth, although Switzerland continues to hold out against this law.
For wealthy Russian nationals who are interested in investing, there are several industries that are showing no signs of slowing down. One of these industries is the software market. Russia is among the top five in countries that work on outsourced software jobs. With new computer programs being written every day, this could be a very wise choice for investors. Another industry that has great potential for growth is that of the telecoms. There are many areas where this industry should continue to grow over the next decade.
As a Soviet national, you should also look into protecting your assets. This can be done by moving money to an “OOO”; this is something along the lines of a limited liability account. This keeps creditors from seizing your assets in the event that you are unable to pay a debt. You’ve worked hard to gain wealth; don’t give a creditor the chance to take that away. This is one of the most important things you can do to keep your money in your hands.
Wealthy Russians know that there’s no reason to let their wealth either stagnate or be taxed away. Try offshore banking to grow interest tax-free, and be sure to check out the many options you have in the world of investing.Through our Banking Connections and affiliations we are able to offer our clients, both private and corporate, a complete range of offshore banking facilities including offshore corporate accounts, personal offshore accounts, remotely managed accounts, high yield savings accounts, managed offshore portfolio accounts and more.
In these days of invasive governments opening offshore or international accounts can be a difficult and arduous task at best - we have done our best to reduce or eliminate the head-aches and burdensome paperwork for our clients via our close association, and special agreements with the various banks, trust companies, and financial services providers we work with.
Whatever the reason for 'going offshore', there are now many jurisdictions overflowing with banks who are only too happy to provide you with private services, once only available to the Elite and Wealthy. And all of the organizations we work with are highly rated, safe, secure, and respectable. These institutions are as good as your local bank at home in many respects and in many cases bigger and/or better.
Our Mission is to provide direction for those interested in pursuing international business, protecting their wealth or simply “going offshore” in many different ways. We can offer you a road map to offshore freedom, including completely legal ways to protect your assets, obtain profitable investments and how to move your residence and/or citizenship offshore.
We accept Bank Wire Transfers, Western Union Transfers, Moneygram Transfers, Checks, Money Orders, Bank Drafts, and Several E-Currencies for payment of our services.
Questions? Contact us.
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