Planting Flags
“According to Dean Harry Schultz, the way to live your life involves the following:
– Money in one country
– Citizenship in a different country
– Body in another country where neither your citizenship nor money resides.
I have resisted this sage advice from Harry for many years knowing that the day
might come when his genius proves true. That day has come. Seriously consider
this advice.” –Jim Sinclair
Serious political and economic change always brings with it both risk and opportunity. Here at Four Flags Journal, in our attempt to mitigate against risk, we take our basic plan from Dean Harry Schultz. Mr. Schultz, years ago, saw so clearly into the future that he proposed “planting flags” in order to reduce risk. What did he mean by planting flags?
His strategy was to have your citizenship in one country, your body in another, and your bank account in another. We have chosen the four flags model, but different people elect different levels of flag planting according to their unique circumstances.
Schultz also believed you should bank in yet another country. In that case, it is not so easy for a third party to freeze or even confiscate your savings through a lawsuit. It can be done in some cases, but it is complicated and expensive. Next is to have your business structure in a low or non-tax jurisdiction—not necessarily in your country of residence or citizenship.
Some of you, we know, are readers only because you are interested in visiting South America. You like reading about our life here. Others are interested in living in the Deep South—South America. We understand that those readers have many things to consider. For that reason, we have decided to include some analysis of economics here as we see them, from time to time, as well as other nuts and bolts of living in a country other than the country that you know so well. However, many U. S. and U.K. residents already feel that they are living in a country other than the one they knew so well—and they haven’t even moved!
One word of caution. We notice that different countries are tightening their requirements for immigration. Argentina raised their financial requirements two years ago and our attorney tells us that there is talk in the government offices about tightening even more. Uruguay recently raised their requirements as well. Even if you are not ready to make a physical move yet, you might want to consider ways to begin to diversify assets. We suspect that, as time passes, there will be fewer choices.
do you offer immigration service for Paraguay …. or do you know a good solicitor in Paraguay who can help me with that.
Reagrds,
Malik
Hi Malik, I’m sorry but we don’t offer immigration service. Right now we don’t have contact with anyone there that we know has been dependable in the past. I suggest to you, also, that you go to the forum at http://www.totalparaguay.com and ask if any of them know someone to help you with immigration. I’m so sorry we can’t help you.
Hello Arlean,
This site is really informative and helpful. Thank you for putting up all these posts! Could you also tell me about immigration to Chile? How long does it take to get citizenship there? What are the requirements? How should I go about it?
Hello Tesal, we don’t offer immigration services, and right now we don’t have anyone in Chile to recommend for immigration. Is it possible for you to contact the Chile consulate near you? They should be able to tell you the procedure. Also there is a web site http://www.ilovechile.com that has a forum. If you sign on there, you might be able to find someone with experience with someone who can help you with immigration to Chile. I hope this helps. Let us know how it works out.