Offshore Repatriation Law

Offshore Repatriation legal Issues

Offshore Repatriation of Funds Law:

When you stash a portion of your cash assets in a private off-shore bank account, you may receive many benefits and advantages. Off-shore cash is free from home government interference and excessive taxation rates. It also brings a higher interest rate and freedom from restrictions, since off-shore accounts may offer opportunities to invest in foreign stocks, bonds and mutual funds. Off-shore repatriation of funds is a legal concept where a judge orders a person to bring funds back into their country. Generally, judges grant these orders usually in criminal cases, sometimes a serious civil case like civil fraud.

Offshore Repatriation of Funds Legal Issues:

When you repatriate funds, it is important not to transfer them directly from your off-shore bank account and place them into an account in your home country. Doing this may eliminate the privacy of your off-shore account. Your off-shore stash will be known to your home bank and the funds you have will be considered taxable income.

What a Tax Lawyer can do for you:

When setting up an offshore asset protection structure, you should hire the assistance of an off-shore lawyer, as opposed to an on-shore lawyer. An off-shore lawyer can help you protect your assets in case there is a conflict of interest with an onshore law firm.

Lawyer Referral Service:

If you are concerned about an off-shore repatriation of funds, we can help you find a tax lawyer that can help. Contact Attorney Search Network for a tax lawyer referral today.

If you have any questions about the information provided above, please contact us. Call us toll free at (800) 215-1190 or fill out our online form for your Tax lawyer referral.

If you have any questions about the information provided above, please contact Attorney Search Network.