In this episode, Justin speaks with Edmund John, CEO of Flag Theory.
Flag Theory helps people internationalize, by assisting them with company registration, residency requirements, tax advice, passport strategies, and more.
What is Flag Theory? 6 Flags to internationalizing yourself; Edmund added a 7th.
1) Citizenship (Passport), with thought towards tax strategies
Only 2 countries have worldwide tax obligations: USA and Eritrea, small country in Africa with human rights violations
3) Offshore Company
4) Bank Account (Assets)
5) Physical Assets
6) Digital Security
7) Digital Assets (bitcoin, etc)
How do you structure your life to avoid trading time for money, like a lawyer or a CPA does? A: Entrepreneurship
Edmund personally has companies and residencies in: Singapore, Thailand, Panama City
Why are more Americans renouncing their citizenship than ever before?