It should come as no surprise to our longer-term readers that International Man exists for two main reasons: 1) Living life as an International Man - treating the world as one big playground that offers virtually unlimited opportunities to achieve whatever you want. 2) Financial, personal and income diversification to limit jurisdictional risk. It's into this second category that today's feature article falls.
One of the three pillars of international diversification is that of income (the other two are assets and personal). In some respects, establishing a source of independent income not tied to any one specific jurisdiction is the most important task long-term because it gives you the freedom to live life as you desire rather than how others dictate. One of the best ways to do this is through entrepreneurship.
I think it's safe to say that the great majority of people in many First World nations are now more aware than ever that there is something truly wrong with their country, and with their economy, than they have ever experienced before. They seem to agree that the near-term future will not be better but worse than it is now.
We're very happy to bring you this interview with an American expat currently based in the Middle Eastern country of Oman, an area of the world that Western media would have you believe is full of terrorists, suicide bombers, rioters and other such things...not the kind of place you'd want to go yourself and especially not one to take your family to. However, that's just what Matt Tremblay did. And, contrary to the biased news stories, it turned out to be a pretty nice place.
“Is it advisable to open an account in a small bank in Switzerland, rather than one with branches in other countries of the EU due to the 30% with-holding tax?"
We received an e-mail from an IM reader a few days ago regarding our recently published article by Doug Casey entitled, Money - How to Get and Keep It. The letter states: Doug says, "You could airdrop me naked and penniless into the heart of the Congo, and by the time I emerged, I'd not just have survived, I'd come out wealthy."
No one could doubt that we are living in difficult times, or that the economic, political and social conditions we are experiencing are unprecedented in our lifetimes. Where, then, do we turn for guidance? Well, as luck would have it, history is rich with fine people who have gone before us.
We receive quite a few messages from our readers – questions, comments and feedback about our service. A few days ago, I received the following message: “I’m brand new at this [internationalization] and not quite sure where to start. There is so much to do and it is all overwhelming. Any suggestions?”
Amongst the responses International Man received from a recent article regarding internationalizing oneself, we received the following question from Joe MI: “Should someone who can’t afford to take multiple trips just forego the thought of expatriating?”
We have the pleasure to introduce Bruce Johns, a successful business owner that left the UK at the age of 26 to establish himself in the Cayman Islands just as its rise as an offshore centre was starting to create the prosperity the country enjoys today.
As readers will most likely know, the US Congress, in its decision to raise the debt limit of the federal government, chose to create a "Super Committee", which would have a temporary job of determining $1.2 trillion in budget cuts over the next ten years. After appointing this committee, Congress went on vacation for a month. Sounds reasonable, doesn't it?
“We have a Canadian bank account at Royal Bank. What we are interested in opening is a brokerage account in Europe or Canada and the institutions we have contacted tell us that they cannot do so for ‘US persons.’”
Recently, I read an interview with an American entrepreneur who stated that the US is now “destroyed” and that he has moved to a South American country with the intention of creating several businesses.
Over the years, I have encountered many people who have considered any investment in gold to be foolhardy in concept. Recently though, I have been finding that more and more of them are beginning to turn around.
According to Chinese visitors, businessmen and American ex-patriots in Southeast Asia, the Chinese government is promoting English as the international language to stimulate their economy.
After 8 years of operating his business under the red tape and tax burdens of a UK limited company, Paul C. set his sights on offshore incorporation. Could this be the right option for you? Find out as Paul gives his advice on the pros and cons of offshore incorporation.
In a discussion with International Man's Managing Director recently, I grumbled that those authors that are normally quite glib on the future of the economy seem to be going silent. They either are not writing articles, or if they are, many tend to be rehashing their previous articles.
"With all things being equal; does simply having a Swiss bank account create a greater chance of IRS audit...”
Democrats, Republicans and Tea Partiers all claim to be “champions” of the Constitution. But the question remains… do any of them really follow the historic document?
How would a food crisis play out on American soil? Food shortages have happened before in many societies around the world and the result is not a pretty picture…
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