# Nomad Flag Theory
URL:: https://nomadcapitalist.com/flag-theory
Author:: Nomad Capitalist
## Highlights
> Most people never think about the absurdity of this, but any savvy investor can quickly see this list and realize that the average person has all their eggs in one basket: their home country. ([View Highlight](https://read.readwise.io/read/01fmr8egsxz4y167pmcafp3jj7))
> go where you’re treated best. ([View Highlight](https://read.readwise.io/read/01fmr8ggx116f5jma3339evyfc))
> No one country can ‘treat you best’ for every part of your life. ([View Highlight](https://read.readwise.io/read/01fmr8gs6g8b263tedg2vsacbm))
> . Have a Second Citizenship and Passport ([View Highlight](https://read.readwise.io/read/01fmr8jb7yjwb945e9x721fk8f))
> . Incorporate Your Business in a Stable Tax Haven ([View Highlight](https://read.readwise.io/read/01fmr8k481n5qcbnjp8e4j2rj4))
> • Set up in a country with great laws for hiring, accompanied by [affordable wages](https://nomadcapitalist.com/2018/06/12/outsourcing-hire-remote-workers/), where you can build a great team of people to work for you.
> • Incorporate in a country that will function as an operating business base.
> • Establish a licensing company to hold [intellectual property](https://nomadcapitalist.com/2017/09/15/low-tax-countries-intellectual-property-ultimate-guide/). ([View Highlight](https://read.readwise.io/read/01fmr8m5ph21hqj89gyc7qj2ee))
> . Find Playgrounds for Living and Spending Your Money ([View Highlight](https://read.readwise.io/read/01fmr8mfvcs1kpq9fdmyk5w8b2))
> Imagine this: even if you live in a country with no income tax and you’ve set up your business in a tax haven, you could still end up paying high rates.
> How? High VAT rates, also known as [sales tax](https://nomadcapitalist.com/2017/08/07/countries-with-the-highest-tax/). ([View Highlight](https://read.readwise.io/read/01fmr8n0nmkshmr4b0fgbva7vj))
> . Obtain Tax Residence in a Zero-Tax Country ([View Highlight](https://read.readwise.io/read/01fmr8p2pfghkbkjdp38y92pzc))
> . Establish Asset Havens ([View Highlight](https://read.readwise.io/read/01fmr8peh3e9skqh6fdc4ss4gr))
> Protect Your Digital Privacy and Freedom ([View Highlight](https://read.readwise.io/read/01fmr8q6vrmf1gdn7grsksk60b))
> Where is your website hosted?
> Where is your email hosted? ([View Highlight](https://read.readwise.io/read/01fmr8qvp0r2f5d7dkjee21gwp))
> Prioritize Your Social and Personal Life
> Where are your friends?
> Where do you want to hang out with people? Where are they from? ([View Highlight](https://read.readwise.io/read/01fmr8r23wff8r5r9v1w4hhtsv))
> Plant flags in the places where you can easily connect with other like-minded individuals. ([View Highlight](https://read.readwise.io/read/01fmr8rddxfnrp5v154ma8m1te))
---
Title: Nomad Flag Theory
Author: Nomad Capitalist
Tags: readwise, articles
date: 2024-01-30
---
# Nomad Flag Theory
URL:: https://nomadcapitalist.com/flag-theory
Author:: Nomad Capitalist
## AI-Generated Summary
What is Flag Theory, who are perpetual travelers and how to use the Nomad Flag Theory to build a life of freedom and prosperity.
## Highlights
> Most people never think about the absurdity of this, but any savvy investor can quickly see this list and realize that the average person has all their eggs in one basket: their home country. ([View Highlight](https://read.readwise.io/read/01fmr8egsxz4y167pmcafp3jj7))
> go where you’re treated best. ([View Highlight](https://read.readwise.io/read/01fmr8ggx116f5jma3339evyfc))
> No one country can ‘treat you best’ for every part of your life. ([View Highlight](https://read.readwise.io/read/01fmr8gs6g8b263tedg2vsacbm))
> . Have a Second Citizenship and Passport ([View Highlight](https://read.readwise.io/read/01fmr8jb7yjwb945e9x721fk8f))
> . Incorporate Your Business in a Stable Tax Haven ([View Highlight](https://read.readwise.io/read/01fmr8k481n5qcbnjp8e4j2rj4))
> • Set up in a country with great laws for hiring, accompanied by [affordable wages](https://nomadcapitalist.com/2018/06/12/outsourcing-hire-remote-workers/), where you can build a great team of people to work for you.
> • Incorporate in a country that will function as an operating business base.
> • Establish a licensing company to hold [intellectual property](https://nomadcapitalist.com/2017/09/15/low-tax-countries-intellectual-property-ultimate-guide/). ([View Highlight](https://read.readwise.io/read/01fmr8m5ph21hqj89gyc7qj2ee))
> . Find Playgrounds for Living and Spending Your Money ([View Highlight](https://read.readwise.io/read/01fmr8mfvcs1kpq9fdmyk5w8b2))
> Imagine this: even if you live in a country with no income tax and you’ve set up your business in a tax haven, you could still end up paying high rates.
> How? High VAT rates, also known as [sales tax](https://nomadcapitalist.com/2017/08/07/countries-with-the-highest-tax/). ([View Highlight](https://read.readwise.io/read/01fmr8n0nmkshmr4b0fgbva7vj))
> . Obtain Tax Residence in a Zero-Tax Country ([View Highlight](https://read.readwise.io/read/01fmr8p2pfghkbkjdp38y92pzc))
> . Establish Asset Havens ([View Highlight](https://read.readwise.io/read/01fmr8peh3e9skqh6fdc4ss4gr))
> Protect Your Digital Privacy and Freedom ([View Highlight](https://read.readwise.io/read/01fmr8q6vrmf1gdn7grsksk60b))
> Where is your website hosted?
> Where is your email hosted? ([View Highlight](https://read.readwise.io/read/01fmr8qvp0r2f5d7dkjee21gwp))
> Prioritize Your Social and Personal Life
> Where are your friends?
> Where do you want to hang out with people? Where are they from? ([View Highlight](https://read.readwise.io/read/01fmr8r23wff8r5r9v1w4hhtsv))
> Plant flags in the places where you can easily connect with other like-minded individuals. ([View Highlight](https://read.readwise.io/read/01fmr8rddxfnrp5v154ma8m1te))