Dear ,

By means of the Letter of Engagement (see link below) we set-up a clean nominee bank account recognized by the U.S. and governments globally as an exempt from automatic exchange of financial information, deemed tax compliant and excluded beneficiary account that has a zero tax rate certificate.

You and your business need a legal basis for a tax and reporting compliant structure that is not effectively connected to the USA and is a government regulated, registered and recognized tax compliant Clean Nominee Bank Account.

The only way to be recognized U.S. Tax Compliant is to place a specific type of IRC 402(b) retirement plan between you, your business/s, your investments and projects.

Your assets held inside this structure are not subject to tax.

Fundamental to your reporting and tax compliant solution is this government regulated, registered, Internal Revenue Service and U.S. Treasury Department recognized IRC 402(b). IRC 402(b) has legal title ownership of your plan assets and its income.

If you want personal income now, you pay tax now. If you want income later, you pay tax later. That is the trade.

The retirement plan function as sponsor and investment vehicle does not affect your command and control of the plan. Two separate agreements; management and ownership. The plan administrator has a legal obligation to your management. Fortified by a grant of proxy the plan administrator would necessarily refer to your management on voting.

IRC 402(b) is the only type of existing foreign financial account that individuals can use to defer income, gains and accumulations. It is a tax rules compliant and excluded account which is a recognized category on four different IRS Forms-8957, 3520. 8938 and the IRS and U.S. Treasury Form W-8BEN-E box 29b.

The 402(b) checks all the regulatory compliant boxes on Anti-Money Laundering (AML), U.S. Treasury, Internal Revenue Service (IRS)and is a Non-Reporting Financial Institution and Exempt Beneficiary Account category in the Automatic Exchange of Information (AEOI), Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) rules.

The Legal Money flows must be dealt with in one way and one way only.

The legal money flow must go from the funder to the Anti Money Laundering (AML) Licensed and recognized 402(b) plan registered Occupational Retirement Plan Overseas and US Global Intermediary Identification Number (GIIN)- registered Trustee Account that is Automatic Exchange of Information (AEoI) tax rules compliant and exempt; non-reporting Foreign Financial Institution (FFI) and excluded from reporting exempt beneficiary account.

Assets held in this plan are recognized globally as not included in worldwide taxable assets and not subject to any social legislation in the country where the employee is a resident.

The 402(b) program is excluded from the Employment Retirement Income Security Act (ERISA), Passive Foreign Investment Company rules (PFIC), Unrelated Business Taxable Income (UBTI) issues and Securities and Exchange Commission (SEC) rules.

Income and capital funding roll up free of tax

The retirement plan can itself own other businesses and in addition when income from businesses owned or investments comes back into the plan it is deferred income and rolls up free of tax. Capital funding into the plan rolls up free of tax.

Request a teleconference call with the lead Tax Consultant to this ORS402(b) prior to taking action on the Letter of Engagement.

Yours sincerely,
Aaron