Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

MITHRIL INTERNATIONAL

If you own and manage your own business and you are doing international business, wealth management, investment, or fundraising, you want to be sure that the ideas that you choose to implement are cost-effective and save you time.

We spend all our time working with owner-managers from Latin America setting up businesses in the USA, UK, Canada, and Barbados. We also work very closely with international tax lawyers in the USA, Canada, and the UK.

IF YOU OWN YOUR OWN BUSINESS AND YOU ARE DOING INTERNATIONAL BUSINESS, INVESTING OR FUNDRAISING THESE ARE IMPORTANT POINTS YOU NEED TO KNOW

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

The Offshore era is over.

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

Small clients are getting less international banking services.

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

Very little Private Fundraising mechanisms for Small Clients in LATAM.

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

Global automatic information exchange is real.

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

Owner managers have very high demand for but very low trust in service providers.

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

The cost of doing international business has doubled (2X).

WE PROVIDE INTERNATIONAL SERVICES.

IF YOU OWN AND MANAGE YOUR OWN BUSINESS, & YOU ARE DOING BUSINESS, INVESTMENT OR FUNDRAISING IN THE USA, CANADA, OR THE UK

We are a services company which means we help owner managers setup and operate international structures. International tax planning guidance is included when we are helping people setup international structures and operate them cost effectively.

At Mithril, we spend all our time working with international structures and people in the USA, Canada, Latin America, and we know what works.  We can help you avoid a lot of the unnecessary complexity and costs. 

If you are dealing with the USA, we understand US tax law but unlike some US tax lawyers we look at things internationally so we can help you to setup structures for dealing with the USA.  The US tax lawyers we work with understand that what works for US persons is not necessarily the best option for non-US or international persons doing business in the USA.

Boutique – This means we work very closely with our clients who own their own businesses. We provide director and trustee services and we setup and operate structures. We do not provide services for structures that we do not know or understand.

International Fundraising – It is difficult for small firms from Latin America to raise funds in the USA. Mithril helps its international non-US clients, who own oil & gas, mining, or other businesses, by working with them to understand the US regulatory environment and then taking the right approach to raising funds legitimately in the USA.

Wealth Preservation – We provide a comprehensive range of services to international families, entrepreneurs, foundations and charities. We believe preservation-first is the right approach to manage wealth.

International tax planning – We focus on the use of double tax treaties to reduce the tax costs of doing international businesses and investment especially in the USA. We spend a lot of time working with our clients and showing them how to best utilise the USA-Barbados double tax treaty to reduce taxes.

USA

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

OWNERS OF EXPORTING BUSINESSES – AGRICULTURAL & MANUFACTURING

Mithril is based in Barbados and so our main USA focus is Florida as we spend a lot of our time in Miami and Orlando. 

A lot of our clients in the agricultural and manufacturing export business love Miami because the Port of Miami is world class. The online system for the Port is second to none and the other facilities and ability for exporters to operate are great. 

Since 2017, a US Corporation that is an exporting company:

  • can achieve a federal taxation rate of 13%.
  • dividends received from subsidiaries are not subject to US corporate tax.
  • the profits of CFCs owned by a U.S. company can reduce US GILTI tax to zero.

These features make the USA a powerful holding and operating company location. Especially for owner managed SME/PYMEs.

The US international tax regime, the Port of Miami and the lifestyle combine to make a very powerful combination resulting in many LATAM owner managers setting up businesses in Miami.

For LATAM owners and their families who are moving to or establishing businesses in Miami.  Things are changing fast. US banks have changed the rules for non-US persons and those who do not have US social security numbers. So doing business as a non-US or international person in the USA requires new ideas and arrangements to achieve the best results.

CANADA

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

OWNERS OF OIL & GAS & MINING BUSINESS 

Our clients who own and operate oil & gas and mining business are usually quite often focused on fundraising. Either for new projects or existing projects that require capital for expansion. Recently, oil & gas and mining companies are having to invest in becoming ESG compliant.   

ESG is impacting everyday activities such as:

  • ability to raise capital from investors.
  • supplying to customers in the USA and elsewhere.

Owner managers must be very focused on ESG going forward. 

Canada is very important for Latin American owner managers because: 

  • Canada has double tax treaties with all Latin American nations.
  • Canada has Bilateral Investment Treaties with many LATAM Nations.
  • Canadian companies have an exemption for dividends received from LATAM subsidiaries.

Canada specializes in oil & gas and mining finance. Mithril has a small office in Canada and established working relationships with several professionals who we know and trust.

BARBADOS

Mithril International Compliant Solutions, Tax compliance, International Tax Barbados, Law firm services Barbados, fiduciary services Barbados, off shore Barbados, Cross Boarder solutions Barbados, Trust Advisory

Latin American OWNERS OF INTERNATIONAL BUSINESS.

The founder and her husband were both born in the United Kingdom. The founders’ mother is from Barbados and the founders’ husbands’ parents are both from Barbados and he grew up there. Both Marilyn and Jonathan currently live in Barbados.

When it comes to our colleagues and friends from Latin America our biggest challenge is that no one knows about Barbados. Even though they love it when they come here, they have often never heard of it before.

Barbados is a standard, normal, tax-neutral jurisdiction. It is just like Ireland, BVI, and Cayman. When it comes to business, Barbados has:

  • A tax treaty with Canada since 1980.
  • A tax treaty with the USA since 1984.
  • It is located 3 hours from Miami.
  • It is a major centre for captive insurance with over 310 captive insurance companies based in Barbados.

Tax treaties, low taxes, 3 hours from Miami and a beautiful place to live and work. So Barbados works quite well with the USA and Canada when it comes to international financial structuring.

Uncertainty...

Owning international businesses or investments is increasingly challenging and costly due to new and increased taxes, information exchange between tax authorities, new anti-money laundering laws and increased economic uncertainty.  

Governments worldwide are increasing taxes, devaluing currency and exchanging information and enforcing registers of beneficial owners. These measures act to decrease wealth and also the security of families. Banks are increasingly freezing bank accounts and endangering transactions and business because banks don’t understand business especially cross border business.  The cost of doing international business has doubled.

Banks and financial services providers cannot comply with all the new regulations and provide the same level of services to large numbers of owner managers and entrepreneurs. banks and large financial institutions are this automating services. Owners however need and desire private client level services.  This demand for private level services is increasing the need for boutique services providers like Mithril international.

When it comes to protecting your family

If you are a Latin American owner manager, you most likely use US private banks and similar financial institutions for not only wealth management but to support the growth of your business.    Many owner managers doing international business are not happy with the retail and automated service level provided by large US financial institutions.   Mithril International is a boutique service provider that can provide private client level services. Large financial institutions and private banks cannot provide a private client service level because they have thousands of clients and clients who are often much larger than you.   Large institutions are increasingly not providing private client services to clients worth less than US100M anymore.   Unlike larger companies, Mithril International, is a boutique business and we have a small number of clients, and we know you, which is why we can provide a private client service level. We can also show you ways of getting a private client service level from these large US financial institutions.

OUR SERVICES

PRIVATE INVESTMENT FUNDS

INTERNATIONAL TAX PLANNING

TRUST & CORPORATE  SERVICES

COMPLIANCE SERVICES

CAPTIVE INSURANCE

IMMIGRATION 

ACTIVE BUSINESS SOLUTIONS

INTERNATIONAL FUNDRAISING

We are an international tax consultancy
that will help you implement and make optimal use of international tax planning advice. International tax planning is the glue that binds opportunities together and focuses on yield generation and cashflow. The age of Offshore is over. Closely held businesses can adapt and increase yields from cross border projects.

Legal advice disclaimer
Please note that Mithril International does not provide legal and/or tax opinions, as it is not a licensed law firm, but it will facilitate delivery of legal and tax advisory consultancy as it employs a highly experienced international tax lawyer. Mithril International maintains a Florida office and also has an office in the Barbados and Canada for clients who need international solutions.

Instructions to legal counsel
Mithril International will source and facilitate the provision of US legal and tax opinions for clients who require them. Mithril International assists clients with drafting instructions to counsel and liaising with tax counsel in US and Canada to ensure correct advice is obtained and then implemented correctly.