Are you one of those who are forever on a hunt for quick tips on investment? If so, then it is very likely that the term offshore investment has been tossed at you more often than not.
What is offshore investment? Offshore investment is a way of making one’s money grow by investing in various ventures abroad that is outside your own country of residence.
Why venture into offshore investment? The most popular reason cited for investing in foreign waters is to evade the tax enforcements in one’s own country. Most people who reside in high-tax areas like US, UK, Canada or Japan see domestic investments as a futile exercise because of the heavy tax penalties that one has to pay. While tax is the driving force behind majority of offshore investments, there are others who invest into foreign lands with the intention of earning huge returns and not of evading taxes.
A survey by YouGov revealed that as much as 55% of adult Britons were seriously considering settling in another country. Two factors can be attributed to have triggered this feeling among Britons. The first being, the ever worsening pension situation in the country, which has prompted several Britons to look elsewhere for their retirement savings. The second of course being the universal dream of owning a holiday home Read more…