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If you are going to trade stock for a living, you are better off trading it through an IBC. Let me cite one example. Under Canadian (Provincial) Securities Law, a Canadian resident can't receive
stock dividends from an American spinoff. Canadian residents are paid two Canadian cents (C$0.02) for each share of stock they would have gotten. Had they lived anywhere else in World, they would get stock worth dollars per share. The stock is worth hundreds of times more than Canadian cash payment. Assorted laws in many jurisdictions ensure that professional stock players trade through an IBC.
If you want an example of widespread use of tax haven trading, VSE objected to Standard Charter Bank (SCB) in Nassau several years ago. The objection was that this British Bank seemed to be an inside trader in many VSE stock scams. In fact, SCB had no interest nor involvement with VSE. They did have VSE stock promoters as clients. These clients traded VSE stock through SCB.
Do you have a reason to form an IBC, now? If you want my help, I'll be leaving November 1 for my biannual two-week IBC trip to Caribbean. I form IBCs for clients. I oversee IBC process to ensure that paperwork is handled quickly and efficiently. This ensures that process in completed on time and on budget.
To contact author: Visit Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit Global Village Investment Club Website: [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
