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Setting up an offshore company is also useful for travellers like myself. Although I am registered in the U.K i earn from various companies and get paid in various currencies. As my ofshore accounts have currencies from swiss francs to the Greenck it is just so easy for me to plonk every thing in there and then take out what I need. The rest I leave invested to compound and declare taxes on what I bring into the U.K When you ahve a large amount it is easier to move around in a legit way.
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