offshore banking Archives - Flag Theory Passports, Residency, Incorporation, Offshore Banking Fri, 01 Mar 2024 12:42:50 +0000 en-US hourly 1 https://flagtheory.com/wp-content/uploads/2018/07/cropped-favicon-32x32.png offshore banking Archives - Flag Theory 32 32 Where to set up a Crypto Exchange – Part 1: The Fundamentals https://flagtheory.com/set-up-cryptocurrency-exchange/ Wed, 15 Aug 2018 05:18:07 +0000 https://flagtheory.com/?p=13978 Where to set up a Cryptocurrency Exchange – Part 1: The Fundamentals Flag Theory Weekly Letter – Wednesday, August 15th, 2018 What is the best jurisdiction to incorporate my cryptocurrency exchange? This has been one of the most common questions we have received from entrepreneurs and companies that are planning to launch an exchange and

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]]> What you need to know to launch a Regulated ICO in Bermuda https://flagtheory.com/regulated-ico-bermuda/ Thu, 19 Jul 2018 09:54:43 +0000 https://flagtheory.com/?p=13241 What you need to know to launch a Regulated ICO in Bermuda Flag Theory Weekly Letter – Thursday, July 19th, 2018 The crypto regulations wave has begun and for the next two years, we expect to see more and more jurisdictions establishing legal frameworks and restrictions. Although currently ICO’s and cryptos are an unregulated field

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]]> Why many ICOs struggle to get banking… and some don’t get it https://flagtheory.com/banking-for-icos/ Thu, 10 May 2018 11:54:13 +0000 https://flagtheory.com/?p=11758 Why many ICO’s struggles to get banking… and some don’t get it Flag Theory Weekly Letter  – Thursday, May 10th, 2018 One of the main headaches for organizations that launch an ICO is to obtain a bank account. It is very complicated, if not impossible, for any organization to operate entirely in cryptocurrencies. You have to pay

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]]> Market capitalization, Corporate debt and National debt at record highs. Is a financial collapse coming? https://flagtheory.com/financial-collapse/ Thu, 03 May 2018 05:41:06 +0000 https://flagtheory.com/?p=11709 The next financial collapse may be coming… Are you protected? Flag Theory Weekly Letter – Thursday, May 3rd, 2018 Last Friday I received a charming letter from my bank informing me that starting next month I would be charged -0.6% P.A. (a negative interest rate) on my EUR accounts. This means that I have to

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]]> Where and how to open an international bank account https://flagtheory.com/international-bank-account/ Sun, 11 Mar 2018 02:31:18 +0000 https://flagtheory.com/?p=11882 Where and how to open an international bank account Today let’s dive into how to open an account and what you should consider when designing your offshore banking strategy. A large number of offshore banks open accounts remotely, either for personal or corporate accounts. Meaning that you do not have to take a plane and

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]]> Why you should consider opening an offshore bank account https://flagtheory.com/offshore-bank-account/ Sat, 10 Mar 2018 02:17:49 +0000 https://flagtheory.com/?p=11878 Why you should consider opening an offshore bank account Today I am going to explain to you why you should consider diversifying your cash assets offshore. Even though offshore banking has had bad press, there is nothing immoral and of course nothing illegal in opening an offshore bank account. An offshore bank account is nothing

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]]> World’s safest banks and how to evaluate them https://flagtheory.com/world-safest-banks/ Thu, 06 Jul 2017 03:08:38 +0000 https://flagtheory.com/?p=7191 What are the world’s safest banks and how to evaluate them Last week Italian’s government agrees to bail-out (again) Banca Popolare di Vicenza and Veneto Banca with €17 billion. Another case of bank collapse in the EU, and so on and so forth, bailout funds to support to European troubled lenders already account for more

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]]> World’s best passports and taxation https://flagtheory.com/world-best-passports/ Thu, 29 Jun 2017 09:20:57 +0000 https://flagtheory.com/?p=7162 How the world’s best passport holders can reduce their tax liability with the proper internationalization strategy Firstly – what makes a passport good? In our opinion, the answer to this question comes down to how much visa-free travel it provides, what the tax situation is in the home country, and what social benefits are obtained

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]]> Spanish Banco Popular Bail-in https://flagtheory.com/banco-popular-bail-in/ Wed, 14 Jun 2017 22:59:21 +0000 https://flagtheory.com/?p=6851 What we can learn from Spanish Banco Popular bail-in Banco Popular Bail-in A week ago, through the European Union Single Resolution Mechanism (SRM), Banco Santander was authorized to acquire Spanish Banco Popular for only €1, avoiding its bankruptcy due to the massive withdrawal of deposits during the previous days. This meant that more than 300,000

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]]> UAE’s Free Zones, Onshore and Offshore Companies https://flagtheory.com/uae-offshore-company/ Fri, 02 Jun 2017 10:05:12 +0000 https://flagtheory.com/?p=6715 Why you should consider incorporating an onshore or offshore company in the UAE The United Arab Emirates has positioned itself as the business hub of the Middle East due to its strategic location between the East and West – it is a well-connected, 5-6 hour flight from the major European and Asian capitals – and

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]]> Automatic Exchange of Information and Tax Residency https://flagtheory.com/automatic-exchange-of-information/ Tue, 02 May 2017 11:58:38 +0000 https://flagtheory.com/?p=6226 How the Exchange of Tax Information works and how to set the proper Tax Residency For some time now, various countries of the world have been sharing information via tax treaties. These tax treaties are typically a dual tax convention (DTC) or a tax information exchange agreement (TIEA) DTC = two countries agree on a variety of factors

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]]> Estonian E-Residency, Incorporation, Banking, Investing & Residence Permits https://flagtheory.com/estonian-e-residency/ Wed, 19 Apr 2017 09:06:45 +0000 https://flagtheory.com/?p=5695 Why you should consider obtaining e-Residency and setting up an Estonian Company Estonia was the first country in the world to introduce the e-Residency concept – a digital identity backed by the government. This small country on the shores of the Baltic Sea is a world leader in digital governance and is one of the

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]]> Citizenship by Investment in Vanuatu, Offshore Incorporation & Banking https://flagtheory.com/citizenship-by-investment-in-vanuatu/ Wed, 12 Apr 2017 10:11:24 +0000 https://flagtheory.com/?p=5663 Why and how to get a 2nd passport, incorporate a company and open a bank account in Vanuatu Vanuatu is a small republic of just 230,000 people, made up of an archipelago of 83 islands in the South Pacific Ocean. In 2017, Vanuatu’s Government launched several programs to grant citizenship or residency to foreigners who

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]]> Labuan Offshore Financial Centre: Southeast Asia’s Best-Kept Secret https://flagtheory.com/labuan-offshore/ Tue, 27 Sep 2016 01:46:28 +0000 https://flagtheory.com/?p=3994 Labuan Offshore Financial Centre: Southeast Asia’s Best-Kept Secret Labuan, situated off the coast of the Malaysian state of Sabah on the island of Borneo, is a well-kept offshore secret. Whose name is derived from the Malay word for “harbor,” is a base for several international companies that have chosen to call this Southeast Asian territory

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]]> Panama | Residency Visas, Company Incorporation and Banking https://flagtheory.com/immigration-to-panama/ Thu, 08 Sep 2016 16:51:56 +0000 https://flagtheory.com/?p=3821 How to get a Residency visa, set up a company and open a bank account in Panama Frequently called the Hong Kong of Latin America, Panama has a reputation for being a tax haven, as well as a beautiful, safe and warm place to live in. For decades, the wealth of the Americas has been

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]]> 19 Ways to Protect Yourself and Profit during an Economic Collapse https://flagtheory.com/economic-collapse/ Fri, 20 May 2016 03:16:16 +0000 https://flagtheory.com/?p=3264 The End is Near? On a long enough timeline, the survival rate for everything drops to zero. The extent to which things will change from the status quo is impossible to predict, but here, we’ve assembled a list of financial moves that you and I can make to protect our wealth, or even profit during

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]]> Digital Assets https://flagtheory.com/cryptocurrencies/ Fri, 12 Feb 2016 07:07:07 +0000 https://flagtheory.com/?p=2726 Most recently Flag 6 deals with internet privacy and protecting yourself online. Digital assets is a new flag (Flag 7) dealing with cryptocurrency and new forms of electronic money. We have named this Flag Digital Assets as it deals with both cyrptocurrency and the blockchain. This article aims to be a guide on all things digital assets, from bitcoin (the first successful decentralized digital cash implementation); to altcoins (alternative iterations of bitcoin) to the coming blockchain revolution.

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]]> Digital Security https://flagtheory.com/digital-security/ Fri, 12 Feb 2016 06:52:01 +0000 https://flagtheory.com/?p=2637 Essential Encrypted Services for Digital Security
Encrypted email: Unseen.is
Encrypted chat: Wickr, Line
End-to-end file sharing: Unseen.is Premium, Mega.NZ
Encrypted cloud storage: SpiderOak.com
VPN: HideMyAss.com
Here are some of the quick and easy wins for planting a digital security flag - if you are too lazy to browse the entire list below.

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]]> Physical Assets https://flagtheory.com/land-gold-assets/ Fri, 12 Feb 2016 06:49:22 +0000 https://flagtheory.com/?p=2721 Productive land is one of the most valuable appreciating assets in the world. There is a limited amount - and it can be strongly held with a freehold deed. If the land is arable or has potable water, the price will increase accordingly. Call me prepared, or call me paranoid - I see having a hideout of productive land, food and water being one of the highest priorities.

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]]> Offshore Banking https://flagtheory.com/offshore-banking/ Fri, 12 Feb 2016 06:45:55 +0000 https://flagtheory.com/?p=2738 Depending on your individual citizenship and passport situation, you might have a much greater or lesser option for offshore banking. Countries and individuals facing sanctions might have difficulty opening up an account in certain jurisdictions. However, there are plenty of benefits to offshore banking for most nationalities. Here is a list:

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]]> Offshore Company https://flagtheory.com/offshore-company/ Fri, 12 Feb 2016 06:44:09 +0000 https://flagtheory.com/?p=2723 Incorporation is a prerequisite for any serious business.
You can also experience these benefits:

Banking/investment opportunities otherwise not available
Planting a flag in a strategic location
Mitigation of sovereign risk
Protection from bankruptcy, lawsuits, divorce, civil unrest, and other 'worst case scenarios'
Access to higher risk merchant accounts
Access to funding or investment capital

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]]> Tax Residency https://flagtheory.com/tax-residency/ Fri, 12 Feb 2016 06:36:42 +0000 https://flagtheory.com/?p=2719 The second flag of Flag Theory™ is Tax Residency, an ultra important flag to plant, as it is the basis for determining your personal taxation. Most countries tax their citizens on a residential basis - in other words, individuals pay taxes to the country in which they reside. However, there are important exceptions, as you will see below. For example, the United States and Eritrea are the only countries that tax their citizens regardless of where in the world they live.

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]]> Second Passport https://flagtheory.com/second-passport/ Fri, 12 Feb 2016 06:28:12 +0000 https://flagtheory.com/?p=2717 The post Second Passport appeared first on Flag Theory.

]]> Passport Updates https://flagtheory.com/passport-updates/ Wed, 05 Feb 2014 11:41:03 +0000 https://flagtheory.com/?p=1446 Visas and Second Passport Updates We live in a world where very little is constant. With the changes in technology, slow-moving governments are struggling to keep up. And the bigger the government, typically the slower and more inefficiently they work. Take the US for example, whose immigration policy is decades behind the rest of the

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]]> (Almost) Tax Free in Paradise [Infographic] https://flagtheory.com/tax-free-in-philippines/ Sun, 30 Jun 2013 10:20:06 +0000 https://flagtheory.com/?p=1393 Tax Free in the Philippines Manila. Traffic. Beautiful Beaches. Boracay. Pork Sisig. The Land of Single Mothers. Angeles City. Cebu. Outsourcing. Davao. Spanish Gold. San Miguel. Pinoy. Pinay. Pirates. Palawan. The Last Frontier. The Philippines. I’ve written about the Philippines before, and included a detailed analysis of the tax treaties, and different corporate structures that

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]]> Malaysia | How to Do Busines in Asia | Connection Economy https://flagtheory.com/malaysia-residency-permit/ Sun, 17 Feb 2013 09:39:22 +0000 https://flagtheory.com/?p=1209 Malaysia | How to Do Business in Asia – Connection Economy It’s not what you know… Sunday Febuary 17th – Kuala Lumpur – Malaysia I’m in Kuala Lumpur for the first time to start forming business bonds in a specific industry. I can’t stress enough how important it is to “touch” people when creating a

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]]> Is the Dollar dying? Ignore at your own peril… https://flagtheory.com/is-the-dollar-is-dying-ignore-at-your-own-peril/ Mon, 29 Oct 2012 12:23:18 +0000 https://flagtheory.com/?p=1093 Is the Dollar dying? Ignore at your own peril… It was a week that the average American would have ignored. Perhaps because everything seemed to be going fine. Unemployment was slightly lower, down below 8% (although the official unemployment figure has vast inaccuracies and flaws in its own right) the housing market seemed to be

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]]> This Gold Mining Stock is an Easy Win https://flagtheory.com/this-gold-mining-stock-is-an-easy-win/ Sat, 15 Sep 2012 06:55:14 +0000 https://flagtheory.com/?p=1033 This Gold Mining Stock is an Easy Win Investment Saturday rolls around again, and as it does – we see a dramatic move from the Fed to initiate QE3. I’ve long since held the position that the Fed will continue with their money printing policies of QE Infinity – as there really is no alternative.

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]]> LIBOR is Evidence Bankers Have Been Cheating for Decades https://flagtheory.com/libor-scam-freedom-friday/ Fri, 31 Aug 2012 01:01:21 +0000 https://flagtheory.com/?p=960 LIBOR scam: The banks are cheating you! Big brother is watching you – but we are also watching them. At the end of each work week, we bring you Freedom Friday. Americans take note – if you have a foreign bank account make sure you file the right forms. The government doesn’t care if you

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]]> Google Saves Billions in Taxes by going Offshore https://flagtheory.com/google-saves-billions-in-taxes-by-going-offshore/ Mon, 27 Aug 2012 10:28:25 +0000 https://flagtheory.com/?p=664 Save Tax Money with Google’s Offshore Secrets The coming century will be one of the global entrepreneurs. Those who are able to leverage technology, currency arbitrage, and internationalization to compete with wasteful corporations can potentially amass great wealth. Today we will discuss Google’s Offshore incorporation strategy! If you own or run a business, incorporation is

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]]> Bitcoin https://flagtheory.com/bitcoin/ Sat, 25 Aug 2012 01:01:39 +0000 https://flagtheory.com/?p=903 Bitcoin <updated 12/24/2015>  Bitcoin: You may have heard of this crypto-currency, the preferred medium of exchange for libertarian techies around the world. Bitcoin is disrupting: Reliance upon central banks Capital control enforcement Government monetary policy Taxation of income Designed by ‘Satoshi Nakamoto,’ an obvious pseudonym, at the beginning of 2009, Bitcoin is a virtual currency

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]]> It’s already too late when this happens… https://flagtheory.com/international-investment/ Sat, 18 Aug 2012 01:20:06 +0000 https://flagtheory.com/?p=884 International Investment – Why diversify your investments internationally When Niki Yanakopoulou was walking home from the bank on a casual weekday, she didn’t realize she was being followed. But the man who had watched her withdraw her pension at the bank that afternoon crept up behind her in the hallway outside her apartment, smashed her

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]]> Freedom Friday | Kim Dotcom https://flagtheory.com/freedom-friday-kim-dotcom/ Fri, 10 Aug 2012 11:31:22 +0000 https://flagtheory.com/?p=839 Kim Dotcom Imagine yourself enjoying a quiet morning when the noise of a helicopter sounds from your driveway, you can hear the pebbles kicked up from the massive wind force of the propellers. As you look out the window, you see men with automatic machine guns, donned in in black helmets and full body armor

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]]> FATCA Update, Why Bankers Hate Americans, and Global Currency Hot Potato https://flagtheory.com/fatca/ Wed, 08 Aug 2012 02:00:14 +0000 https://flagtheory.com/?p=828 FATCA It makes bankers and fund managers around the world’s blood boil – and has forced many of them to stop accepting US clients altogether. The end of banking secrecy. Goodbye, privacy. Hello, global tax prison. Since its inception into US law in 2010, I’ve been quietly tracking FATCA and the implications for America in

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]]> QE Infinity | Moving Gold Overseas | 1031 Gold Exchange https://flagtheory.com/move-gold-offshore/ Sat, 04 Aug 2012 05:30:59 +0000 https://flagtheory.com/?p=785 How to safely move gold overseas Global economic recession. Euro crisis. PIIGS. Talking heads. Austerity Measures. Bankrupt Governments. Too Big to Fail. Global Currency Crisis. Chinese slowdown. Ben Bernake. Quantitative Easing. Let’s talk about Macroeconomics! We are in trouble. Well, those who don’t prepare are in trouble. The sad citizens of Italy and Greece who had

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]]> Freedom Friday https://flagtheory.com/freedom-friday/ Fri, 27 Jul 2012 13:49:46 +0000 https://flagtheory.com/?p=702 Freedom Friday Big brother is watching you – but we are also watching them. At the end of each work week we bring you Freedom Friday. Canada One of the nicest places to live in North America, Canada has recently passed a law which will impose a daily fine on any students who are protesting

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]]> Tax Free Residency and Citizenship in Uruguay https://flagtheory.com/citizenship-in-uruguay/ Tue, 17 Jul 2012 02:09:27 +0000 https://flagtheory.com/?p=552 Uruguay – A place you can pay NO Taxes and get a 2nd passport… Posh nightclubs, expensive boutiques, 4-star hotels stacked up beside a crowded beach. Europe springs to mind. Miami, Barcelona, Monaco, Ibiza… but for 3 months each summer in December, the rich and almost famous head to see and been seen in Uruguay,

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]]> Setting up a company in Hong Kong https://flagtheory.com/how-to-get-a-hong-kong-corporate-credit-card/ Thu, 05 Jul 2012 16:36:48 +0000 https://flagtheory.com/?p=521 Setting up a company in Hong Kong Strategically located next to China, “HK” is an island – one of the wealthiest in the world, and a place where many billionaires and millionaires live, work and retire. In my estimation, this has just as much to do with the rise of China – as the free

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]]> John Galt | Obamacare | Why I’m an Expat https://flagtheory.com/john-galt-obamacare-why-im-an-expat/ Tue, 03 Jul 2012 22:36:35 +0000 https://flagtheory.com/?p=509 John Galt | Obamacare | Why I’m an Expat The Patient Protection and Affordable Healthcare Act, also known as ObamaCare, became law on March 23, 2010. With the passing of this act, America took yet another step towards socialism. As if America wasn’t enough of a nanny state already –> over half of all Americans

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]]> Freedom is a dialectic https://flagtheory.com/freedom-is-a-dialectic/ Sat, 02 Jun 2012 05:28:18 +0000 https://flagtheory.com/?p=432 Freedom is a dialectic Governments are increasingly willing to spy on their own people. Whether it is the UK government watching your every movement, the Chinese government censoring the entire internet, the Iranian and Egyptian governments shutting the internet down, government powers and censorships have clearly grown in recent years. A brief glance at the

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]]> Belize LLC and IBC Formation https://flagtheory.com/belize-llc/ Tue, 15 May 2012 16:08:34 +0000 https://flagtheory.com/?p=326 Why and how to set up a Belize offshore company UPDATE October 2019: This article has been refreshed with updated links and editorial inputs. A Belize IBC remains a powerful, highly convenient vehicle for companies looking to incorporate in the country as an offshore entity. Belize is a Central American country known for its prevalent English

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