Quote:
Originally Posted by Homeslice
Can an ordinary citizen with under a million bucks to invest obtain the same priviledges in the Caymans that Romney has? Somehow I doubt they'll even bother talking to you for that kind of chump change. If it was so easy, everyone would be doing it, including you, goof.
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From the little I have read about it the barriers to entry aren't horrendous. The most common figure is $100k, but some countries require less. The real issue is unless you know you won't need to access that money the costs will outweigh the benefit. I wouldn't do it because my investments are minimal and taxes on them aren't much of a concern. With my normal investment "success" I'd miss out on the chance to deduct my losses.
