Transcription
How the top 1% of the world, the elites, make their money untouchable. I work with these people, multi-millionaires, 100 millionaires, billionaires, every single day, helping them move abroad, buy real estate abroad, make investments in other countries, get second citizenship, residency, etc.
I'm not a lawyer or a tax expert, but I do work with tax lawyers, experts, real estate experts, and essentially we help them build their perfect plan B. What these elites, what these multi-millionaires, what the rich do to make their wealth untouchable is what I call residency and citizenship diversification.
You've heard of diversifying your wealth, diversifying your money. Diversifying your investments. Sometimes people say, "Oh, don't put all your eggs in one basket. Wealth comes from seven different sources or seven different income sources." But what I would like to talk about, what I would like to advocate for is a residency, citizenship, and worldwide diversification.
For example, a wealthy US citizen doesn't like the direction that the United States is going. He's seeing that the IRS now is using AI to track errors, to track tax returns, to do more audits on multi-millionaires. He doesn't like politically the current state of the United States. He wants a plan B. He's worth 15 to 20 million US in different investments, in money in the bank, in his business, in crypto.
What that US citizen can do because he doesn't necessarily want to move out of the United States and go live somewhere else. He wants to keep his life there, but he wants a plan B. He wants to make sure that his wealth is protected no matter what happens in the future. For example, capital controls, capital restrictions, more restrictions on moving your wealth somewhere, even spending your wealth with CBDC's and all these new regulations that are coming.
That US citizen might go somewhere else. For example, in Europe, as an example. You don't necessarily have to go to Europe or you don't necessarily have to go to any of the countries that I mentioned. He might go to Europe and invest in Greece, for example. He might buy a property in Greece. I know a lot of people criticize Greece. I'm using it as an example. Can go to Italy and make investments or can go to Poland and start a business in Poland and fund that business and then get residency somewhere in the European Union as a backup plan B just so he has another place to live and his children and his family also have a backup place to live. And in most cases, all of these investment residencies are not going to require you to actually live in the country more than 6 months. So you can be very flexible.
I renounce US citizenship. I got out of the United States. I went somewhere else. So that's my personal perception. Depending on how the client feels about putting his money somewhere else, but that US citizen now has a plan B in Europe. He might even go and get a second passport, a second citizenship. I got my first second citizenship, St. Kitts and Nevis, by donation, by investment. I gave St. Kitts $150,000 and they gave me a second passport. Or you might go and start a business somewhere, get citizenship by merit or go to Vanuatu and get citizenship by donation or as I said go to Panama, invest in Panama and then get citizenship after 5 years or go to Argentina and get citizenship there. Just to be diversified not just on the wealth side of it, not just on the investment side of it and having money in different places and investments in different places, but also having residency and citizenship in multiple places because I'm not advocating to do anything wrong or anything illegal.
But let's say the government decides to confiscate your wealth, restrict your wealth. Well, now you have wealth all over the world and the ability to always move somewhere around the world. The US or EU or Canada or UK or Russia, wherever you come from, decides to restrict your freedom more and more, restrict your money, restrict your family's future, restrict your business in any way, you can always use that plan B that you've created.
Let's say they close all your bank accounts or freeze all your bank accounts. You have a bank account in Switzerland that you deposited $2 million into just to have it as a safe haven. Although Switzerland is getting less and less neutral over time, and you're not just going to go hide your money in Switzerland, you're not going to hide your money anywhere. Frankly, in this day and age, banks talk to each other, governments talk to each other.
So, if you want help choosing the right country for you and creating your perfect plan B, click the link in the description and book a one-on-one call with us. We're very happy to help you and explain to you everything on that call. So, it's not about achieving bank privacy, but bank diversification, investment diversification, crypto diversification.
If you have crypto in a hardware wallet, in a vault in Dubai, or gold, silver in a vault in Switzerland or in UAE or in Singapore, in my view, that is much more protected in a vault in Singapore than in a vault in California, for example, if you're a US citizen. Or in a vault in London, for example, where the government can just come in, say that you did anything wrong, and then take your precious metals. Whereas in Singapore, they're a lot more protective of your wealth.
And it's not about marrying any country. It's not about packing your bags and then moving to one country forever. For example, one country that I talk about a lot, that's the Republic of Serbia in Europe. It's attracting more and more westerners over time not to move their whole life there, not to move there, move their families there and never look back, but as a place where they can hire people, they can start a business, they can make investments, and they could even get a second citizenship as a plan B, as a hedge against their western country.
What you can also do is use legal ways of having asset protection against anything that might happen. For example, territories like the Cook Islands or countries like Panama or Liechtenstein have legal structures, foundations, trusts, different corporate [clears throat] structures. Even the UAE, for example, has Abu Dhabi Foundation or you can have a UAE holding company to hold some of your assets and protect them under that structure against creditors in a divorce case, for example, in a lawsuit.
I have some clients that for example unfortunately get sued from time to time because their business are higher risk like supplements or a developer real estate developer. They get sued a lot and in order to protect their wealth they have it under a foundation in Liechtenstein or they have multiple companies that they have assets in just in case one company gets sued all their wealth doesn't get sued under that company. They're diversified. So they go to countries to make investments to move some of their money somewhere else to have citizenship to have residency somewhere else and they also use the structure part of that. They also have investments under multiple companies around the world. So not only in another country but also under an asset protection structure that just like life insurance you never use it until you absolutely need it. This is the same deal. This is creating insurance on your wealth, on your future, on your family. You never know when you need it. You might never need it, but if you ever need it, you will be happy that you did the work beforehand.
If you want to learn which countries millionaires choose for lower taxes, more freedom, more asset protection, check out this video right here that I prepared on all the countries my millionaire clients choose. Check them out right.