PUERTO RICO IS THE BEST SIMPLE OFFSHORE TAX HAVEN FOR US CITIZENS

If you are a US Citizen you already have the right citizenship.  You need to make PR your full time residence (over 183 days a year). Then under the laws (unless changed in the future should the US Congress notice this amazing tax break) your interest income, dividend income and capital gains are tax free.  If you business is a service business that can be conducted from Puerto Rico you can pay a  4% tax on your corporate net profit and the dividends from that corporation are tax free. 

You can do all of this without surrendering your US Citizenship or getting a special visa. Puerto Rico is a great tropical place to live and not that far from the USA.

Read more about the benefits in Forbes Article.   http://www.forbes.com/sites/janetnovack/2015/01/27/puerto-rico-expands-tax-haven-deal-for-americans-to-its-own-emigrants/

Filing US Income Tax Returns in US Territories Such as Guam, Puerto Rico, Virgin Island, and Samoa

If you live in the US territories of  American Samoa, Puerto Rico, Mariana Islands, Guam or the US Virgin Islands you will be required to file US  income tax returns in that territory  and may or may not have to also file a tax return with the IRS. The rules and forms used may vary in each  jurisdiction. The filing requirements also are different if you are a US Citizen or Green Card Holder or a Nonresident.

The IRS has published an excellent guide explaining the filing requirements of each territory where can be READ HERE.    If we can help with the return preparation email us at ddnelson@gmail.com or go to our websites at www.TaxMeLess.com or www.ExpatAttorneyCPA.com.