thought leadership by Anatoliy Lyetayev Founder & CEO Migronis Citizenship
PLAN B THROUGH FLAG THEORY
aving a plan B is always a good idea, but it has become a necessity in 2020. This year has shown that the world is more globalised than ever and what affects one country affects all others. The coronavirus pandemic has put into perspective how the newly connected world governments deal with a crisis through tighter movement controls, higher taxes to generate relief packages and medical mandates. Never before in history has it been more important to have a plan B in the form of a Residency and Citizenship by Investment (RCBI) portfolio. Being tied to only one country is a risk that many of us do not account for when planning for future uncertainties, but it is high time that we do. According to Flag Theory, which is becoming more like a flag roadmap, we should take advantage of what each country has to offer to build a full plan B to protect our freedom and wealth. This year especially, high-net-worth individuals are considering global migration for wealth management and mobility purposes to combat the new tax laws that are sure to come, and the increase in money printing that threatens economies even further. FLAG ROADMAP Flag Theory is a philosophy that has entered into the realm of a practical necessity for individuals to earn income, live, invest and own real estate in different countries to protect themselves from economic and political turmoil. Freedom of movement, conducting business, and financial mobility are the main points that need to be considered and tailored to each family based on their unique needs. An individual should
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THE CITIZEN
