Well, if you want her to sign a prenup then it's easier to separate your assets throughout the marriage if you put them into an LLC. Since the LLC is tax neutral, it won't complicate your taxes that much. Basically you should name your LLC in the prenup as a separate property that you've acquired before the marriage and then you must hold all your retained profit in the LLC's bank accounts. What you keep there will be hard to challenge. What you pay out to cover your day to day expenses should be spent otherwise she may claim half of it. You can use a prenup which makes everything separate but she may attack that. Even better if you use a Nevis LLC that you put into a discretionary offshore trust. You must clearly state in the trust document that you'll be the manager of the LLC in all times except when the court orders you to pay her. Consequently you'll be unable to pay her and she can't take the money. Once you have divorced then you'll become the manager of the LLC again. It's also important to include in the trust deed that the trustee is obligated to pay the legal fees associated with your divorce thus you won't go bankrupt during the divorce. This way you can retain the control over your assets because you're the manager of the Nevis LLC but you're not the owner so if she challenges the prenup and says it's invalid because of bla bla bla then the trustee steps in as the manager of the LLC thus you're unable to pay her half of the trust's assets. Prenup + offshore discretionary trusts + offshore underlying LLCs are bulletproof.
DW, Congratulations, very good. Was that online or by personal visit? Regarding TOS you obviously are then not an EU resident? I will pm you for the trick regarding US banks. Its a real hassle for me with many US brokers but without a US bank for the clearing between them. Thanks
By personal visit. It's not possible (as far as I know & based on my experience) to open a bank account in the US as a non resident alien. However if you're willing to go there then most high street bank opens at least a basic account for NRAs. All you need is a passport and something as proof of address. They usually accept & prefer their own bank's statements. For instance if you want to open an account with Citi then first you should open an account with Citi in your home country. Same goes with HSBC. Btw HSBC is probably the only bank which can open an account for you in the US as a NRA without physical presence. If you got a Premier account with them in your home country then your banker can open an account for you in the US. It's even free. I'm an EU citizen & resident. The way I found out how to open an account with US banks & brokers, even how to get a phone is I was calling them every single day and I was asking a lot of questions. Even better it was free thanks to Google Hangouts So download the app to your phone and start calling the banks and ask what you want and explain your situation until you're sure s/he understands it. If you're uncertain then hang up and call again. Do this till you talk to someone who wants to help you then ask what if you'd have this or that. I'll think about sharing this trick but I'm a bit afraid because then many people are going to open accounts and they may tighten the rules. I'll get back to you.
I'm a non US-resident. I have never set foot in the US, in fact, my turist Visa application was denied in the past. Yet, I have a US bank account. Careful listening to what dw31583 says. He is a paranoid loon who says 'go to KPMG for advice' yet when I confronted him with advice given directly by my counsel he choose to ignore it and bring up irrelevant internet articles to try to counter-point me Oh and btw, do NOT go for KPMG for advice, not those global 'one stop shop' branches that claim to know the law for every country on earth. Go to local law firms, laywers in the countries that you are interested. They know far more than these global advisor scam folks who think they can keep up with 100+ judiciaries
I agree. When I went for a low tax country I divided the operation in two parts: a consultant in the low tax country to propose me a solution overthere. PWC in my native country to check the solution for any problems in my native country. The advantage of this split is not only that you have better and correcter information, but also that each party can argue with the other one about the solution. This was useful to avoid expense that would only be made to make the two consultants financially better. Some costs were eliminated by the confrontation of the two consultants. Costs that only were needed to generate more profits for them, and more costs for me.
Q: "I'm a non US-resident. I have never set foot in the US, in fact, my turist Visa application was denied in the past. Yet, I have a US bank account." A: It's possible if you've opened your account prior 2001 or with a global bank such as HSBC. Q: "He is a paranoid loon who says 'go to KPMG for advice' yet when I confronted him with advice given directly by my counsel he choose to ignore it and bring up irrelevant internet articles to try to counter-point me" A: Don't know what you're talking about. I have zero interest in your personal tax affairs. Q: "Oh and btw, do NOT go for KPMG for advice, not those global 'one stop shop' branches that claim to know the law for every country on earth." A: You're funny. You don't even know how these companies (KPMG, Deloitte, PWC, E&Y) works. Yes, do not go there, they're crap. They just advise all the wealthy folks. They don't know anything for sure. Sarcasm. Q: "He is a paranoid loon" A: So your style is to talk other peoples down and say zero facts to back your statements. That's a certain way to communicate.
No I opened WAY after 2001. You dont know what I'm talking about you? Check my posting history in this thread. You conviniently forgot, of course. As far as KPMG, given the amount of nonsense of said about Brazil, I feel pretty good about these one stop shop firms (or whoever is advising you). Furthermore, why are you talking about Hungary or Bulgaria law? Have you consulted with a local law firm or lawyers? Have you ever gone there? Or are you using these global one stop shops scam firms?
And I also asked my bank (Not HSBC or any of the global banks) if they still opened accounts for non-US folks. They said they did. This was this year btw dw31583 is a paranoid loon, for him almost nothing can be done. I mean, this is the guy that goes around thinking people on tourists visas staying in a country for a month or two are liable to local taxes
I don't know who told you these, literally. "I mean, this is the guy that goes around thinking people on tourists visas staying in a country for a month or two are liable to local taxes" How do you come up with these theories? Btw yes, US banks can open a bank account remotely if you have a SSN or you have been a resident there or you have some credit history. However a real NRA cannot open a bank account in the US remotely if that bank doesn't have a branch overseas which see you in person, it'd be against the law. If your bank does that then they're breaking the law, literally. Just saying.
What's your problem with Bulgaria and Hungary? The 10% or 9% corporate tax rate respectively? Which one is not correct...? "these global one stop shops scam firms" You mean PricewaterhouseCoopers !?