Bauman/Bauman Where to Where to Stash Your Cash Stash Your Cash Legally Legally “Financial security is becoming more and more urgent. And no one knows more Where to Where about it than Bob and Ted Bauman. They explain the many confusing issues… provide an analysis of what is going on and provide useful solutions. Read this book before taking any action.” Offshore Financial Centers of the World — Bill Bonner, Founder and President, Agora, Inc. With unfathomable budget deficits and the loss of some of America’s largest and most respected corporations, combined with a government that is coming after more and more of your hard-earned cash… you owe it to yourself, as a law abiding citizen, to have an actionable game plan to protect Stash Your Cash Your Stash your future if and when it is needed. Here’s a sample of what you’ll discover in this ninth edition of Where to Stash Your Cash Legally: • What to know about your privacy and how to protect it. • Reasons and uses of an offshore haven and the ways and means of moving your assets and wealth offshore to a tax-free or low-tax jurisdiction. • Personal, financial and business strategies you can employ offshore now, even before you finally choose your own best tax or asset haven. • Steps for choosing your offshore bank and important questions to be sure to ask. • Reasons to invest offshore, roadblocks to avoid, and legal requirements. • Where to find an annuity that can defer taxes on dividends, interest Legally and capital gains. • The leading offshore centers based on their individual best uses for you. Robert E. Bauman JD • Ted Bauman • And, you’ll get Bob and Ted’s personal contact list… A “who’s who” of recommended attorneys, residence and citizenship consultants, and Ninth Edition SEC registered financial advisors. ISBN: 978-0-692-97403-2 190B000128 Where-to-Stash-Your-Cash_cover_2018.indd 1 3/5/18 2:38 PM Where to Stash Your Cash Legally Offshore Financial Centers of the World Robert E. Bauman JD • Ted Bauman Ninth Edition Banyan Hill Publishing P.O. Box 8378 Delray Beach, FL 33482 Tel.: 866-584-4096 Email: http://banyanhill.com/contact-us Web: http://banyanhill.com ISBN: 978-0-692-97403-2 Copyright (c) 2018 Sovereign Offshore Services LLC. All international and domestic rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording or by any information storage or retrieval system without the written permission of the publisher, Banyan Hill Publishing. Protected by U.S. copyright laws, 17 U.S.C. 101 et seq., 18 U.S.C. 2319; Violations punishable by up to five year’s imprisonment and/or $250,000 in fines. Notice: this publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold and distributed with the understanding that the authors, publisher and seller are not engaged in rendering legal, accounting or other professional advice or services. If legal or other expert assistance is required, the services of a competent professional advisor should be sought. The information and recommendations contained in this brochure have been compiled from sources considered reliable. Employees, officers and directors of Banyan Hill do not receive fees or commissions for any recommendations of services or products in this publication. Investment and other recommen- dations carry inherent risks. As no investment recommendation can be guaranteed, Banyan Hill takes no responsibility for any loss or inconvenience if one chooses to accept them. Banyan Hill advocates full compliance with applicable tax and financial reporting laws. U.S. law requires income taxes to be paid on all worldwide income wherever a U.S. person (citizen or resident alien) may live or have a residence. Each U.S. person who has a financial interest in, or signature authority over bank, securities, or other financial accounts in a foreign country that exceeds $10,000 in aggregate value, must report that fact on his or her federal income tax return, IRS form 1040. An additional report must be filed by April 15th of each year on an information return (FinCEN form 114) with the U.S. Treasury. IRS form 8938 also may be due on April 15th annually, depending on the total value of foreign assets. Willful noncompliance may result in criminal prosecution. You should consult a qualified attorney or accountant to ensure that you know, understand and comply with these and any other reporting requirements. Offshore Financial Centers of the World ABOUT THE AUTHORS Robert E. Bauman JD Bob Bauman, legal counsel to Banyan Hill Publishing, served as a member of the U.S. House of Representatives from 1973 to 1981 representing the First District of Maryland. He is an author and lecturer on many aspects of wealth protection, offshore residence and second citizenship. A member of the District of Columbia Bar, he received his juris doctor degree from the Law Center of Georgetown University in 1964. He has a B.S. degree in International Relations from the Georgetown University School of Foreign Service (1959) and was honored with GU’s Distinguished Alumni Award. He is the author of The Gentleman from Maryland (Hearst Book Publishing, NY, 1985); and the following books, all published by Banyan Hill Publishing: The Complete Guide to Offshore Residency, Dual Citizenship and Second Passports; The Offshore Money Manual; editor of Forbidden Knowledge; Panama Money Secrets; Where to Stash Your Cash Legally: Offshore Financial Centers of the World, 8th Edition, Swiss Money Secrets; How to Lawyer-Proof Your Life. His writings have appeared in The Wall Street Journal, The New York Times, National Review, and other publications. Ted Bauman Ted Bauman joined Banyan Hill Publishing in 2013. As an expat who has traveled to over 60 countries and lived in the Republic of South Africa for 25 years, Ted specializes in asset protection and in- ternational migration. He is the editor of The Bauman Letter, Alpha Stock Alert, and the Plan B Club. Born in Washington, D.C. and raised on Maryland’s Eastern Shore, Ted migrated to South Africa as a young man. He graduated from the University of Cape Town with postgraduate degrees in Economics and History. During his 25-year career in South Africa, Ted served a variety of executive roles in the South African non-profit sector, primarily as a fund manager for low cost housing projects. During the 2000s, he worked as a consultant, researching and writing extensively on financial, housing, and urban planning issues for clients as diverse as the United Nations, the South African government, and European grant-making agencies. He also traveled extensively, largely in Africa, Asia, and Europe. In 2008, Ted returned to the U.S., where he served as Director of International Housing Programs for Habitat for Humanity International, based in Atlanta, Georgia. During that time, he extend- ed his travels to Latin American and the Caribbean. He continued to research and write on a variety of topics related to international development. In 2013, Ted left Habitat to work full-time as a re- searcher and writer. Ted has been published in a variety of international journals, in- cluding the Journal of Microfinance, Small Enterprise Development, and Environment and Urbanization, as well as the South African press, including the Cape Times, New Internationalist, Cape Argus, and Mail and Guardian. ACKNOWLEDGEMENTS Many people assisted in the production of this 9th Edition of Where to Stash Your Cash Legally; Offshore Financial Centers of the World. Our sincere appreciation goes to Jennifer Somerville, who did the scrupulous job of proofing and updating all the contact emails, physical addresses and web sites; Jocelynn Smith for her meticulous editing; and to the many readers who made valuable suggestions that help improve the text with each revision. Any errors of facts or interpretation remain our responsibility. Robert E. Bauman JD Ted Bauman FOREWORD ince the first edition of this book was first published two decades ago, there have been many and fundamental changes in every aspect of international life, political, economic and military. SThis major transformation is especially true in the world of offshore investment and finance. The abandonment of the term “tax haven” for the now preferred “offshore financial center” (OFCs) is emblematic of these changes. This more expansive and accurate OFC phrase recognizes the ma- jor reforms that have occurred voluntarily, as well as those imposed by new national and international rules. Nothing short of a revolution has affected every aspect of offshore banking, investing, taxes, asset protection, and financial privacy, as well as the official reporting- re quirements governments have imposed on these activities. Over the last 20 years, offshore financial centers have accom- plished real self-reform, bringing more openness and stricter reg- ulation. The OFCs were successful in creating far better financial regulatory regimes than those that now exist in the City of London or in the United States, the two major financial disaster centers where the colossal global financial mess erupted in 2008. Despite these offshore reforms and improvements, a carefully nur- tured myth about the offshore world continues. Ask any reasonably intelligent person in the United States, the United Kingdom (or many other countries) what they know about “offshore” financial activity. Responses are likely to be distorted, un- informed, and larded with preposterous theories promoted by biased media and tax-hungry government propaganda. Offshore, you will be told, is an evil place populated with secret numbered bank accounts, sinister con men and fraudsters, money launderers, drug kingpins, rapacious bankers and corrupt foreign politicians grasping for briefcases full of cash bribes.