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.
The Offshore era is over.
Small clients are getting less international banking services.
Very little Private Fundraising mechanisms for Small Clients in LATAM.
Global automatic information exchange is real.
Owner managers have very high demand for but very low trust in service providers.
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.
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:
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.
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:
Owner managers must be very focused on ESG going forward.
Canada is very important for Latin American owner managers because:
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.
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:
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
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.
