Offshore trusts and companies have in the past been used to structure individuals in a tax-efficient way or for inheritance reasons. However, due to the costs incurred by professional fees, this really is not a cost-effective option for assets below Euro 750,000.
Before you even consider setting up an offshore structure, it is imperative that you seek independent tax advice. This is because you need to know if there will be any implications with regards to your country of residence, and only a professional will be capable of providing accurate information that pertains to your individual situation.
Read on to learn about the following aspects of
tax planning: