How to develop a multi-flag strategy for privacy and asset protection

Asset protection is like an asset insurance plan meant to prevent your assets and investments from being included in legal settlements. This is to ensure that no one sues for all your hard-earned assets, and they may be unofficial by not being directly tied to you. One of the best strategies for asset protection is the development of a 6-flag strategy that includes the principles of geoarbitrage. These generally include a second passport, doing business in a jurisdiction that charges little or no tax, banking in a jurisdiction that offers you privacy, investing in a center that favors money management, residing in a tax-friendly jurisdiction and generally play the course in countries where you like to stay.

This all seems like a lot for the newbie, but over time, you’ll realize that the steps are really simple and straightforward. There are several reasons why people should have a second passport, especially if they are US citizens. Usually, there are tax and visa restrictions in some countries, and there are countries that do not like to deal financially with the citizens of other countries for various reasons. Therefore, having two passports will help you to always have a backup business plan when it comes to dealing with citizens of said countries.

A jurisdiction that offers little or no tax will ensure that you are running a legitimate business in a different country without paying additional tax. This is one of the most effective offshore asset protection strategies as it is perfectly legal, and if you link this offshore company with an offshore bank that still values ​​privacy, then you have struck gold as you will be managing your business and assets from private way.

The beauty of geographic arbitration is that all your eggs are not laid in one nest and you have several methods to protect your assets outside of your country. This is one of the best breaks available to investors who wish to legally maintain control of their assets without the risk of future litigation.

In the 6 flags strategy, you should also look for a country where you love to spend time but where you should not spend too much time so as not to end up with the responsibilities of citizens or legal residents. For example, there are countries that allow people to physically stay in them without paying any tax for one hundred and eighty three days in a year, after which the tax will be required. If you have several of those countries that you like to spend time in, you can use them sparingly to ensure you never fall into their tax trap.

The 6 flags strategy for offshore asset protection is perfectly legal and safe, although it has earned a bad reputation because most of the people who benefit from it are people who practice illegal activities or who want to escape from the hands of the treasury. However, geoarbitration is about taking full advantage of the laws of a place and using them to implement an offshore asset protection strategy.