How to Protect Yourself if the Rules Change?
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You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What to do if the rules of the country where you've set yourself up suddenly change? This can be quite a damaging and nerve-racking situation. You never know what the situation will be like in the future, and sometimes serious changes happen overnight.
We've witnessed some big changes in the past: FATCA rules, CRS, Anti Tax Avoidance Directive, Global Minimum Tax Prepositions, etc.
Recently, we've seen some terrible changes in Puerto Rico and Malaysia - two traditionally appealing places! It is especially bad when a country wants to introduce a retroactive change.
So what can you do to protect yourself if you happen to be amidst such a mess?
You need to plan ahead, so even if the situation goes south you'll be okay.
This means:
Bank accounts in multiple countries
Multiple citizenships
Residencies in multiple countries
Assets in multiple countries
Chances of all the places that you've chose going crazy at the same time are highly unlikely, so it is a good idea to diversify.
It's also a good idea to follow signs and sense if some big changes are on the horizon. We were able to predict changes that happened in Puerto Rico. Similarly, there was a lot of uncertainty in Malaysia prior to these terrible changes that happened. It's important to follow trends in the area: political, social, economical, cultural. If you do so there's a good chance you'll have an idea if some major change is on the horizon.
In the end, when it comes to holding your assets it's important to choose a country with good laws. In that case, government can't just come after your assets retroactively, and you're well protected under the law. It is important to choose stable and safe jurisdictions.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
Видео How to Protect Yourself if the Rules Change? канала Offshore Citizen
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What to do if the rules of the country where you've set yourself up suddenly change? This can be quite a damaging and nerve-racking situation. You never know what the situation will be like in the future, and sometimes serious changes happen overnight.
We've witnessed some big changes in the past: FATCA rules, CRS, Anti Tax Avoidance Directive, Global Minimum Tax Prepositions, etc.
Recently, we've seen some terrible changes in Puerto Rico and Malaysia - two traditionally appealing places! It is especially bad when a country wants to introduce a retroactive change.
So what can you do to protect yourself if you happen to be amidst such a mess?
You need to plan ahead, so even if the situation goes south you'll be okay.
This means:
Bank accounts in multiple countries
Multiple citizenships
Residencies in multiple countries
Assets in multiple countries
Chances of all the places that you've chose going crazy at the same time are highly unlikely, so it is a good idea to diversify.
It's also a good idea to follow signs and sense if some big changes are on the horizon. We were able to predict changes that happened in Puerto Rico. Similarly, there was a lot of uncertainty in Malaysia prior to these terrible changes that happened. It's important to follow trends in the area: political, social, economical, cultural. If you do so there's a good chance you'll have an idea if some major change is on the horizon.
In the end, when it comes to holding your assets it's important to choose a country with good laws. In that case, government can't just come after your assets retroactively, and you're well protected under the law. It is important to choose stable and safe jurisdictions.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
Видео How to Protect Yourself if the Rules Change? канала Offshore Citizen
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