Tax Havens Around The World: All You Need To Know

Using offshore accounts, moving to tax havens or using shell companies; we’ve heard them all before. But what do they really mean and are they worth looking into? The important thing to note to start with is that they are all legal things to do. Moving your business (or yourself) to a country that is a tax haven, is a completely legitimate thing to do in order to reduce costs. For an individual, tax havens can offer little or no tax on your capital gains. So your income, your inheritance, and your pension. Corporations can save money too. So if you think this kind of thing might be for you, then here are some of the best tax havens in the world that you’d have to relocate to.

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The small landlocked country in Europe has a pretty small population of 550,000. The country got its ‘tax haven’ status because of some laws that were passed that make it a very business-friendly place to live. It allows many businesses to have a set amount of their business based there, in order to have a reduction on tax. For example, Amazon has its European head office in the country. For individuals it might not be the best option, but for business, it can be a good option for you.

Cayman Islands

Often associated with many big money movies, the Cayman Islands often get a bit of a bad reputation for being all about dodgy dealings. But really, the Cayman Islands are one of several countries that that have laws that allow a corporation to be created and to keep all of its assets without paying any tax. So again, for a business, this can be a huge benefit, especially if you are just starting out. However, there can be some complications and implications on this. So it can be a good idea to seek professional advice on a relocate to the Cayman Islands if you’re unsure.

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The small region of Monaco is only around a square mile in size, so it really is a tiny principality, rather than a country. However, it still manages to pack in plenty of residents, with a population of over 35,000. Since the 1800s it hasn’t charged any of its resident’s income tax, so you can see why there are plenty of people wanting to fit into the tiny region. If you are a wealthy individual that is looking to reduce how much you are charged on things, then looking at Monaco Relocation Services could be a good idea for you. You’ll be at home with the many super rich residents, as long as you can claim that Monaco is your primary nation of residence.


The small British island located between England and France has become a popular tax haven for Brits, especially for individuals rather than business. For things like inheritance tax in the UK, the tax can be 80% on large amounts, compared to nothing in Jersey. So if you’re older it could a place worth looking into.

5 Investments In You That Can Better Your Finances For Life

Financial security in life can feel like an impossible dream. No job is 100% safe, and every entrepreneur knows that sometimes businesses can fail. When you’re trying to teach your kids to make every penny count and plan for the future, it might be a good idea to consider your own investments as well. Some of the investments you should think about aren’t necessarily financial. But they will stand you in good stead for a healthy financial outlook.


Education and qualifications are still considered highly by employers. Beyond this, studying can broaden your horizons. It can deepen your knowledge, and offer insights into other possibilities. Understanding the world around us gives us the toolkit to make smarter decisions in life. This can include your finances, your career, and even your business choices. Of course, those pieces of paper can also offer you a higher salary. An advanced degree still offers the best salary opportunities in employment. And those letters after your name could earn you a few more contracts if you were to go into business for yourself.

Too many people are put off continuing their studies believing it could save them money. Sometimes this kind of investment can reap far more rewards than just a fatter pay packet or position of prestige. For a start, there are many types of online master’s degrees so you might choose one to take your career in a whole new direction. Beyond this, you will gain the latest thinking and research on the topics that could most benefit you in your working life.

It is possible and proven that many high school leavers have financially done very well for themselves. However, it seems to be the exception, not the rule. If you didn’t continue your studies when you entered your career, why not pick up the reins again now? It’s a good example for the kids too. You’re never too old to improve your knowledge and understanding. And continuing professional development is often the only way to keep on track in your career.


When was the last time you wrote down all of the experiences you’ve ever had? Never? Now could be a very good time to start! Each experience can be considered valuable to an employer. It’s all about how you reacted and responded to each challenge as it arose. And why you chose to take on that challenge is just as important. Gaining valuable life and work experience can offer you more opportunities for your career. You can use it to stand head and shoulders above any other candidate for that job you always wanted.

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Don’t forget – you can continue to gain valuable experience right now. You might choose to take a month or two out of work to volunteer for a project that personally inspires you. Or maybe, there is something exciting developing at work that you could get involved with? There are plenty of reasons to gain as much experience as you possibly can. Perhaps the most important one is the opportunity to network.

The more people you work within different situations, the more people will potentially sing your praises. They might do this publicly through social media or references. Or they might casually name drop to the people that can influence your career. Beyond networking, you’ll gain confidence in your abilities, your skills, and your working practices or methods. You’ll learn more, and you’ll be able to detail your contribution.

Your contribution might be measured in numbers or currency. It’s important you record these details and maintain a detailed portfolio. Chances are someone who can influence your career or your business bottom line might see it. Make every experience count, and be sure to continue adding to it.


You might already practice frugality and teach your kids the value of it. Investing in your finances today might reap good returns in the future. Perhaps you’ve been looking at your pension pot lately? This is one of the most important savings or investment accounts you have. You can start your kids with a private pension fund now. How is yours going, though? If you don’t think it can fund the lifestyle you were hoping for, then it’s time to invest a little more into it.

To free up more cash for the future, you need to be frugal today. What big plans do you have before you retire? Which of these would you be willing to sacrifice so you can squirrel a little more away for retirement? These can be really tough decisions to make. Some of them might need to be discussed with the rest of the family. Of course, there are other ways to fund your retirement. Have you considered any of them?

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Your home might be the center of the universe for your young kids right now. But by the time you want to retire, they’ll be grown up, moved out, and have families of their own. Downsizing at retirement can sometimes free up a good sum of cash to make life easier at that time of life.

Some people prefer to use high-interest savings accounts to secure their future. There are pros and cons to doing this. The first benefit is that there are rarely any annual fees to pay to keep the account open. Your pension attracts annual fees that can turn into thousands of dollars every year. But your savings pot might be considered an asset, restricting your access to certain benefits and privileges. A pension is rarely considered in this way.

Ethics and Good Health

A good working ethic can be transferred to every part of your life. If you know how to maximize your time and energy, then you might already have a great work ethic in place. This can be applied to your finances and your health too. Working hard is supposed to reap rewards in the end. Indeed, working hard now might boost your career and better your wage packet in the future. This, in turn, could lead to a better pension pot too.

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As for your health? Investing in your health will help you to save money on medical bills in the future. It will also reduce the number of sick days you need to take, making you a preferred candidate for workplace promotion. If you work for yourself, you will suffer fewer losses from days off if you rarely succumb to poor health. Good health takes sacrifice, hard work, and investment. You need to avoid unhealthy foods, exercise regularly, and invest in good quality meals.

It’s not always easy to maintain a good work ethic. After all, we can’t choose our colleagues, and we definitely can’t choose our bosses! But no matter how unpleasant these people might be, it is still as much your responsibility to make the working relationship cohesive. Maintain your work ethics, and you’re less likely to encounter friction with colleagues.


Exploring other avenues can lead to financial gains. It’s important to have a backup plan, even if it is only treated as a hobby. Many people have blogs or sell things they make in their workshop. This is rarely a full-time pastime but instead is something they enjoy doing during their leisure time. However, if things went wrong at work, there is scope to fully monetize these projects and scrape by some income from it.

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It’s not easy to work two jobs at once, and it shouldn’t be necessary. However, it’s worth exploring other avenues to bring in a few pennies. Any enterprise that can become fruitful is worth developing. It’s good to show your kids different ways to generate an income aside from work too. It helps them become more creative with their skills, talents, experience, and abilities. Sometimes all it takes is an idea. Of course, investing heavily in something like this should be carefully considered.

You might not mind making a small loss for something you enjoy doing. After all, leisure pastimes are important for us all. They are worth investing in as well. But if you need to turn it into something profitable, it’s worth using some simple business tools. A simple break-even diagram might be all you need to see if an investment could help reap more rewards. Remember, your time should have a monetary value too.

Don’t forget – you should always be selling yourself as well. You have education, skills, and experience that are valuable to potential employers or clients. Don’t sell yourself short. Instead, detail these achievements on your personal profile. Social media websites like LinkedIn are ideal for this. It gives you a chance to network with other like-minded people and colleagues too. This small investment of time can lead to new jobs and better wages.

Investing in yourself is as important as any business or financial investment you might make. You are the most important asset you and your family have. It’s worth spending the time and a little money in developing that further!


The Modern Investments

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Since the global crash in 2008, the wealthy have been looking for new places to invest their money. Banks seemed like a safe option but for the super rich, they became a worry zone, this was because most banks would only guarantee the safety of set limits of cash. So if you had 500k sitting in the bank and the bank went bust, you would only get 75k of your money back.

Ok, so most of us aren’t sitting around with half a million dollars in the bank. However, that doesn’t mean we can’t draw some inspiration from the High Net Worth Individuals (HNWI) and invest some of our money into the trends they are setting.

Property is always a good place to stash your cash. Firstly you have a tangible asset, something that might lose money but will, at some point make money. You are far more likely to break even over a few decades than end up with a loss. So this could be seen as a safer bet than your bank. The interest rate on savings at most banks is rubbish. Investing money in property and renting it out could see you making a far better return than you were in your savings account. There are two safe options for investing into a property. One is to find any new houses for sale, especially ones which are being built in areas that aren’t currently fashionable. If you find out information about any potential projects in this neighborhood, you may see that house prices will go up. Eg, if there is a new school or business applying for application. This could push up home prices. The other option is to go old. Look for the worst house on the best street, invest a little time and money into doing it up, then sell it.

Another great alternative investment has been the classic car market. You need to stay ahead of the game here, making smart purchases before the rest of the world cotton on. For making smart purchases before the rest of the world cotton on. For example, the BMW Z3 is a cute little car which is set to be a future classic. You can pick one up for a few thousand dollars, in fact, you can find them for under 1000 dollars, you can then invest a little time and love into restoring it, and in 5 years time, you could have a car worth 15,000 dollars.

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What about investing in wine, companies like Woolfsung have been advising HNWI on the wine investment sector. Here the idea is that you buy up predicted good years and then stash them away in a cellar for ten years. Most vineyards have a pattern when it comes to years so experts can predict which will be good. Of course, there is always the risk that you may get it wrong, or that you haven’t stored it the right way. Then the wine will be ruined, and you lose the investment.

Check out what the elite pack is investing their money in and see if you can replicate it on a smaller level. You never know, your horse might come in.

Why Get-Rich-Quick Schemes Never Work: Lessons For Tomorrow’s Entrepreneurs

People are drawn to the idea that it’s possible to get rich quickly, especially kids. It’s a basic mammalian instinct: we want to get the most resources for the least expenditure of energy possible.

Unfortunately, the vast majority of get-rich-quick schemes don’t work, and our grand plans end up falling through. There are some good reasons for this.

Getting Rich Quick Means Being In The Right Place At The Right Time

News reporting on successful people has a tendency to bias our perspectives on how to generate wealth. The news only reports on the small cadre of individuals who made a fortune overnight, giving us the impression that building wealth is something that can happen in a matter of months. What we don’t see, however, are the millions of people who didn’t get rich quick and are working in regular businesses for regular incomes.

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Often, the people who get super rich, like Larry Page or Mark Zuckerberg, did so because they were in the right place at the right time. Larry Page was perfectly positioned in the late 1990s to launch his search engine, Google. He had the right skills, and technology had just reached the stage where internet search was possible. The same goes for Zuckerberg: he just happened to have the right skills at the right time to implement his social media technology. These were freak events, but they’re the ones we hear about all the time in the press.

Success Takes A Long Time

There’s a joke floating around that says it take 15 years to be an overnight success. And even some of the biggest names in the business community agree with this. Many of them, including Twitter CEO, say that they had overnight success – it just took them a decade of work beforehand.

This makes a lot of sense. To build anything substantial takes a lot of time and dedication. Nothing that was complex or truly useful to other people was built over a weekend – especially in the modern world. Instead, new products and services require a long ramp up and even then they may not be accepted by the market.

Success Is Never Risk-Free

Success often means going into debt or taking on unsecured personal loans to finance a business venture. In other words, there’s an element of risk involved. The more risk, the fewer people who are likely to want to undertake the project. This is one of the reasons why we see so many people setting up their own accounting businesses (because the risks are relatively small) compared to people creating their own space companies (because the risks are much larger).

Get-rich-quick schemes like to pretend that they are risk-free: a sure bet to make money. But if they claim this, then it almost certainly isn’t true. Entrepreneurs are constantly looking for the lowest risk enterprises to sink their money into. The chances that somebody else has found one of those opportunities and wants to share it with you is next to nothing.

The Critical Difference Between Making Money And Building Wealth

There’s a big difference between making money and building wealth. Making money is all about generating as high an income as possible by getting a high paying job or running a business. Building wealth, on the other hand, is about creating a stock of value that goes up over time.

Recently, US Trust went and asked more than 600 people with a net worth of over $3 million how they built their wealth. The report, entitled, Insights on Wealth and Worth, generated a significant amount of data which made clear the difference between making money and building wealth.

Here are some of the insights from that report that we can all use.

Build Wealth Slowly

The widespread perception of wealthy people is that they grew up with a silver spoon in their mouths, having rich parents and ample opportunity to do well in the marketplace. But it turns out that that is a bit of a myth. According to data from the study, 58 percent of respondents said that they had humbled middle-class beginnings, and a further 19 percent said that their families were outright poor. Further evidence indicated that only around 10 percent of the wealth of people in the study had actually come from inheritance. The rest of it (more than half) had been earned through income, and around 30 percent of it had come from investments.

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What this showed, therefore, was that most wealthy people got to where they are today through traditional methods, like saving their money and making sensible investment decisions. Many said that they had a lifelong history of saving and investing, some beginning to do so as early as age 14.

Go With Basics Rather Than Newfangled Investments

What was so interesting about the survey was that the majority of individuals didn’t do anything innovative when it came to their investments. 89 percent invested in stocks and bond and in their businesses. Only 11 percent attributed their success to alternative forms of wealth management.

What this indicates is that the simplest methods are still probably the best. Yes, big investment houses might have complicated algorithms that make millions of well-diversified transactions every second on the stock exchange, but most people built their wealth through simple mechanisms, like a cash advance online to kickstart their businesses. It’s about having a great business idea or a well diversified portfolio – not looking for some get rich quick scheme using an unreliable investment product.

Ride The Market, Don’t Guess

Most people who get into investing think that they have to regularly predict where the market will head next. Sell high and buy low, right? Well, although that might sound like a great idea, it’s not usually how it works in practice, and it certainly isn’t how the majority of wealthy people in the study made their fortunes. According to the report, only 14 percent said that they made the bulk of their money by timing their investments. The rest said that it was just a case of “buy, hold and wait” for the stock price to go up.