With an ever-growing number of professionals opting for a perpetually transient lifestyle, the desire to invest in an international or ‘offshore’ environment is becoming increasingly popular. Offshore investment can offer several benefits for expats living and working abroad, and hence is increasingly being considered by expats as a viable investment solution to match their international mobility, as well as a solution to portable retirement planning.
The key driver of popularity for offshore investment is that many expatriates want to avoid the situation where they have ‘bits and bobs’ of investments scattered around the world. They lose track of what is invested where and are, often, presented with logistical issues when attempting to gain access to, or manage, the investment after they leave that particular place. Offshore investing irradiates these irritations.
When somebody decides to make use of an international investment centre for their financial needs, it is to make their capital work harder for them. Or, it could be about redirecting a proportion of their income, every month, to work towards building a fund of money for the future to address future financial demands such as retirement or children’s university costs.
Furthermore, the tax efficiency of the international investment centres is often seen as an ‘added bonus’ for those individuals who make use of these investment areas. The tax advantages are more about tax control rather than tax avoidance. As your investments are based in a tax-neutral investment area, you are normally able to decide where and when you pay tax on your investments, to limit your tax liability.
In short, offshore investments offer a highly appropriate solution to the transient expatriate who wishes to invest and make financial plans, for his or her future, without the inconvenience and disruption of needing to re-establish a fresh plan every time they should move jurisdiction, the offshore plan will move with you.
To discuss your needs, send us an email at annie@celandine.co.uk
