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If you want to find out why you should avoid Belize offshore companies and what Andrew has to say about.
Why is this relevant?
Because many people tend to rush into things when starting an offshore company, and here is a fresh and experienced opinion that will save you time and money.
Getting an account for an offshore company is becoming more and more difficult, due to more scrutiny and the lack of knowledge of what that truly means.
However, when it comes to Belize, the circumstances are even more problematic, all because of the lack of due diligence.
Watch this video about Andrew’s experiment on opening a cheap Belize offshore company:
Even though for some people this may look like a perk, not a problem, in reality, some due diligence is necessary in order for things to run smoothly.
There will be more challenges when owning a Belize offshore company – transferring money will be arduous, there will be questions upon questions from the banks, not to mention bureaucracy.
Spending a bit more money and setting up your offshore company in a more transparent jurisdiction will prove like a good investment.
There are fewer banks, and people in general who want to cooperate with Belize businesses and this is something you should be aware of.
The trend that is showing itself more and more is that Belize is undergoing more and more scrutiny and this will only continue as the time goes on.
For more of Andrew’s useful insights, keep watching the video.
Subscribe to our channel and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you’re treated best.
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
Work with Andrew:
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