If you’ve never invested offshore before, you may not be sure which of the common myths surrounding this type of investment are true and which are false. Common misconceptions like the idea that offshore investments are strictly for world travelers or those with millions of dollars are, thankfully, untrue. Offshore investments can be beneficial for all kinds of investments regardless of their net value. Another fallacy is that all investments offshore are high-risk. Finally, it is important to note that while offshore investments can never completely eliminate taxation, they can be instrumental in reducing your total taxable income in a legal way.
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