Liberty Mastery⁩Guide for the Uninhibited Capitalist⁩From employee to millionaire⁩

The Uninhibited Capitalist's Guide. From Employee to Millionaire. 0% Tax. 0% Tax.⁩

• Dream⁩
• Enslavement of the masses⁩
• State Ponzi⁩
• Final destitution⁩
• Debt loop⁩
• Perpetual Purgatory⁩
• General freedom⁩
• Freedom of expression⁩
• VPN⁩
• Starlink⁩
• Financial Freedom⁩
• FIRE Movement⁩
• Budget⁩
• Accommodation⁩
• Food⁩
• Tobacco⁩
• Transport⁩
• Subscriptions⁩
• Free time⁩
• Social Circle⁩
• Animals⁩
• Couple Life⁩
• Employee / Freelance⁩
• Average Daily Rate⁩
• Freelance IT⁩
• Remote work⁩
• Double Billing⁩
• Certifications⁩
• Portage Company⁩
• Slowlane VS Fastlane⁩
• Business⁩
• Opening of EURL⁩
• Closure of EURL⁩
• URSSAF⁩
• SBI⁩
• Multiple bank accounts⁩
• Types of Brand⁩
• French brand⁩
• European Brand⁩
• Subordination⁩
• Price ceiling⁩
• HTVI⁩
• Accumulation of Unemployment and Business⁩
• Quick Dismissal⁩
• Dismissal Procedure⁩
• Inflation⁩
• Linear / Exponential⁩
• 100K⁩
• Lump Sum / DCA⁩
• Dividends / Growth⁩
• CAGR⁩
• Buy and Hold⁩
• Investment support⁩
• Pay-as-you-go pension⁩
• Livret A⁩
• Life insurance⁩
• Rental Real Estate⁩
• Gold coins⁩
• S&P 500⁩⁩
• Magnificent 7⁩
• Nvidia⁩
• Seasonality⁩
• Impact of losses⁩
• Power of Time⁩
• Brokers⁩
• Effective tax rate⁩
• EAR⁩
• SEPA⁩⁩
• Freezing of withdrawals⁩
• CMU / SIU⁩
• CBDC⁩
• Tax Consent⁩
• Tax optimization⁩
• Free Choice of the Path of Least Taxed⁩
• Free movement of capital⁩
• Flag Theory⁩
• FICOBA⁩
• DAC6⁩
• AEOI / CRS⁩
• CFC⁩
• FATCA⁩
• FBAR⁩
• EOIR / MLAT⁩
• KYC⁩
• Defense in depth⁩
• Offshore Tax Residency⁩
• Double Tax⁩
• Perpetual Traveler⁩
• Travel Health Insurance⁩
• Tax Residence Paraguay⁩
• Belize Tax Residency⁩
• Indonesian Tax Residency⁩
• Foreign passport⁩
• Double Passport⁩
• Personal Offshore Banking⁩
• Own nothing, control everything⁩
• Offshore Company⁩
• LLC⁩
• US LLC⁩⁩
• HK LLC⁩
• Nevis LLC⁩
• Professional Offshore Banking⁩
• Professional Offshore Broker⁩
• Trust Offshore⁩
• Cook Trust⁩
• Diplomat / Consul⁩
• Overview⁩
• Execution⁩
• Résumé⁩
• Affiliation⁩

Dream⁩

This is the dream we are going to make come true:⁩

• Sip a cocktail⁩
• By the pool⁩
• In a postcard landscape⁩
• Every day of the year⁩
• Until your death⁩

To achieve this goal, you must master:⁩

• Home economics⁩
• Stock market investment⁩
• the transition from employee to freelancer⁩
• Starting a Personal Business⁩
• Managing an offshore company⁩

By guiding you step by step, this guide for the uninhibited capitalist gives you the keys to a happy and responsible liberalization.⁩

Through concrete examples, this guide analyzes the taxation of different jurisdictions, including the French Socialist Republic, one of the most exorbitant in the world, then explores a horizon of hope towards which it is possible to navigate.⁩

50%⁩ of the information in this guide is offered to you free of charge. To deepen your knowledge and satisfy your curiosity, additional information is available for paid download. The price of each product depends on the value of the information downloaded.⁩

If you are a generous donor and would like to increase the price of products, enter a USD amount in the text field below. This amount must be a whole number. The maximum is 1 000 000 USD (USD 1 million).⁩

If you are visiting this site on the recommendation of one of our exclusive partners, enter their discount code in the text field below to receive an exceptional discount on our entire product catalog.⁩

Whether you have a code or not, you can still benefit from a random discount on each product. Try to reload these random discounts to get the best deal possible.⁩

All downloads are optional. Each has the potential to generate hundreds of thousands of dollars over time.⁩

The data contained in this document is provided to you for informational purposes only and without any guarantee. You remain solely responsible for your actions and investments.⁩

To begin this training, let's start by observing your current situation.⁩

Slavery⁩

Enslavement of the masses⁩

You emerge from your mother's womb. In less than 30 seconds, the State attaches a barcoded bracelet around your wrist. Like common cattle, you are tagged. You are now a prisoner. As soon as you learn to walk, the State tears you from your parents and forcibly places you in a specialized institution. In this indoctrination camp, you are instilled with your place in society. You are taught the rules to follow. Your brain is programmed. Like any other product, you are conditioned. Your individuality is erased. You must follow the instructions given to you. In case of disrespect, sanctions are imposed. Harassment, corporal punishment, humiliation, and other deprivations are your punishments.⁩

A fragile and malleable mind, you are being regimented. Your protests are ignored. You integrate this subliminal message deep into your subconscious. All resistance is useless. Rebelling has no effect. Mind control is then total. Graduated in submission, you are now the cream of the crop of slaves, at once docile, servile, and obedient. However, the State, your master and tormentor, does not intend to stop there. This is only the beginning of your enslavement.⁩

State Ponzi⁩

Throughout your life, the State abuses this hold. First through domestic debt, for your conveniences (housing, vehicle). Then through confiscatory taxation (contributions, taxes, duties). And finally through inflation, invisible and insidious (dilution of the value of the currency, by increasing the money supply, via massive printing of banknotes, i.e., a creation of money ex nihilo). The State steals your time, takes your money (the financial compensation for your time), and leaves you only crumbs to nibble on. In return, it lies to you, shamelessly, without batting an eyelid.⁩

This is hardly surprising, because after all, the State is nothing more than a gigantic Ponzi scheme. A scam into which tens of millions of individuals have been forcibly and unwillingly recruited. It is through this channel that the Public Ponction, the state parasite with which you have been infected since birth, strips you of more than 90% of your money.⁩

Final destitution⁩

Winter is coming. At the end of your life, you have nothing left. You find a bridge to settle under. With a bit of luck, a cardboard box, which will serve as your doghouse. You are proud to have contributed, to have given everything to the State, as you were taught. You have been a good citizen. Good guy that you are, you breathe your last breath, with a death rattle that calls out to no one. You will die alone, poor, forgotten by all. At the precise moment of your death, a doubt haunts you. What if the State had ripped you off?⁩

Debt⁩

Debt loop⁩

Good accounts make good friends. However, the government's accounts are bad. The government is therefore not your friend. Quite the opposite, it is financially your adversary. The government is a debt-creating machine, which it transfers to you without the slightest embarrassment, and whose operation can be described as follows:⁩

• The state wants to control you⁩
• The State creates standards⁩
• The state is recruiting civil servants to monitor standards⁩
• The state must pay civil servants⁩
• The state has no money⁩
• The State borrows⁩
• The bank creates money ex nihilo (Money printing)⁩
• The money created dilutes the State and the citizen⁩
• The state receives the (principal) money⁩
• The state must pay the interest⁩
• The State designates you as responsible for payment⁩
• You pay, or face imprisonment⁩
• The State pays the interest⁩
• Return to step 1⁩

Some would argue that, to avoid borrowing, the state could transform itself into a business. However, in a free market, the state is rarely competitive. This is why the state seizes companies and nationalizes entire sectors. This allows it to eliminate competition with which it cannot compete. And incidentally, to create an artificial monopoly rent. Sometimes, it even goes so far as to prohibit its client, the taxpayer, from leaving its services (for example, in the French Socialist Republic: unemployment insurance, health insurance). However, such artifices clash with international law and the principle of free trade. These totalitarian measures are legally circumventable. To repay the debt, the state has only one choice: Borrow.⁩

The attentive reader will note that the State only repays the interest. This is made possible by the use of a so-called "in fine" loan. This type of credit, granted to particularly solvent entities, such as a State controlling numerous taxpayers, allows for the repayment of only the interest, then the principal at the very end. If the entity is still solvent, it can extend this loan, or take out another loan, sometimes from a competing creditor, sometimes from another State, and sometimes with the same money borrowed, thus creating a cascade of loans, a chained list of loans, alienated from one another, each level increasing the amount to be repaid due to the interest, until bankruptcy.⁩

When this event occurs, the bank's loan facilities are canceled, and the state, and therefore its subjects, must repay the mountain of accumulated principal. This is when we talk of state liquidation, when property rights are canceled, and when arbitrary seizures are carried out to repay creditors. In other words, the state is living on credit, and far beyond its means.⁩

This extremely unstable situation is simply called "debt rollover." And it systematically ends up exploding in the faces of those who contract it. A state's financial crisis drags all its citizens down with it, and sometimes other states with which it has established ties, creating a domino effect of a global financial crisis.⁩

With this systemic fragility exposed, what lender would be foolhardy enough to extend a new loan when the previous one hasn't yet been repaid in full? The Central Bank (or Federal Reserve), whose sole function is to print money, has an interest in this. Through the indebted state and the dilution of the currency's value, it can enrich itself and thus dominate you.⁩

As you will have understood, the State is only a proxy, in other words a tool, allowing the Central Bank to crush you.⁩

Perpetual Purgatory⁩

Unlike you, the State (debtor) and the Central Bank (creditor) are both immortal. This means that this cycle of debt is perpetual. It knows no iterative limit. This chain of dilutions and loans, of which only the interest is repaid, and which allows the principal to accrue, can continue indefinitely. This mechanism leads to a situation of over-indebtedness.⁩

The state, driven by the bank interest it must repay in order to obtain a new loan, chooses to increase the tax burden. The state designates you as responsible for payment, with the penalty of imprisonment. You must pay for your entire life, until death. You have become a slave to a debt you never incurred.⁩

To break this vicious cycle and end your persecution, you must free yourself from this system. You must achieve your freedom.⁩

Freedom⁩

General freedom⁩

Generally speaking, freedom can be defined as the absence of restraint or restriction. The degree of freedom you enjoy defines the range of possibilities within the space in which you operate.⁩

The Declaration of the Rights of Man and of the Citizen of 1789 gives an interesting definition of the right to liberty, in the general sense of the term:⁩

This freedom is limited, in this case only by the law:⁩

However, the law itself is limited:⁩

Law and freedom are therefore two sides of the same coin.⁩

Download the Declaration of the Rights of Man and of the Citizen of August 26, 1789:⁩

Freedom has many facets. One of the most important is freedom of expression.⁩

Freedom of expression⁩

One of the fundamental freedoms, after the right to live and before the right to move, is the right to express oneself. In order to be able to speak freely, you must be able to put words to your pain. Let's look together at the ways in which freedom of expression is exercised.⁩

One of the earliest references to the inalienable right of freedom of speech appears in the Bill of Rights of 1688:⁩

Freedom of Speech. That the Freedome of Speech and Debates or Proceedings in Parlyament ought not to be impeached or questioned in any Court or Place out of Parlyament.

Download the Bill of Rights of 1688:⁩

However, this right is limited to the perimeter of the British Parliament.⁩

The Declaration of the Rights of Man and of the Citizen of 1789 gives a broader definition of the right to freedom of expression for all citizens:⁩

However, this freedom of expression is controlled by law:⁩

Download the Declaration of the Rights of Man and of the Citizen of August 26, 1789:⁩

This ideal of liberty is magnified and deprived of any legal control in the writing of the first amendment to the American Constitution, entitled Bill of Rights, of December 15, 1791.⁩

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

Download the list of Bill of Rights amendments to the US Constitution of December 15, 1791:⁩

The Convention for the Protection of Human Rights also defines this freedom:⁩

However, freedom of expression within the European framework is restricted and controlled:⁩

Download the Convention for the Protection of Human Rights:⁩

Knowing the permissible limits of freedom of expression in your jurisdiction of residence is a good way to ensure that you are never permanently deprived of it.⁩

However, when this freedom is restricted, it can be useful to equip yourself with a tool that allows you to restore its original essence, namely unlimited freedom of expression.⁩

Let’s talk for a moment about the possibilities offered by a VPN⁩.⁩

VPN⁩

Depending on the jurisdiction in question, it's common for certain websites to be delisted from search engines or made inaccessible by the state. This prevents you from finding reliable information. The state keeps you under its control through this censorship. To access the information needed for your release, get a VPN⁩ (Virtual Private Network).⁩

A VPN⁩ allows you to:⁩

• Connect to independent DNS (Domain Name Server)⁩
• Grant you a random IP address⁩
• Geolocate you in a different jurisdiction⁩
• Encrypt your connection⁩

A VPN⁩ is, for example, very useful for opening a bank account abroad. You declare to the bank that you reside in jurisdiction A (the bank's jurisdiction), but actually reside in jurisdiction B (your domicile jurisdiction). Without using a VPN⁩, your sworn statement is contradicted from your first connection (IP tracking): your bank account abroad is immediately closed. With a VPN⁩, you can maintain the consistency of your narrative: Your bank account abroad remains open.⁩

The best VPN⁩ :⁩

• Leaves no trace of your visit on its servers⁩
• Uses random encryption every X seconds⁩
• Can be launched at startup of your machine⁩

We have selected for you a VPN⁩ that has been effectively protecting the browsing freedom of its users for over 15 years:⁩

Discover the best VPN⁩ :⁩

A VPN⁩ is an effective first step in regaining freedom of expression and access to information.⁩

Starlink⁩

To ensure permanent freedom of access to your accounts, you should have several instances of the following:⁩

• Computer⁩
• Smartphone⁩
• VPN⁩ (Virtual Private Network)⁩
• Telephone operator⁩
• Starlink (Satellite Network)⁩

Some states prohibit the use of VPN⁩. In Brazil, using a VPN⁩ is punishable by a fine of 9 000 USD per day. Furthermore, in addition to blocking access to URLs or website domains, a state can also cut off access to the Internet, for an individual or across a territory. Without network infrastructure to connect, accessing information at the right time becomes extremely difficult. You are dependent on the goodwill of the state. It keeps you in the dark. It filters the information you receive in advance. You are being manipulated.⁩

Starlink Mini is a device that offers bandwidth between 100 Mb/s and 200 Mb/s. While this speed may seem limited, it passes through a satellite network that can be accessed from anywhere on Earth, provided the sky is clear, including in areas without cell tower coverage.⁩

Starlink Mini fits in a backpack and can be used on the go, such as while walking, or mounted on a vehicle. You'll need to find a way to power it, though.⁩

The huge advantage of Starlink 's satellite network is that it offers an alternative connection mechanism to traditional cellular and wired networks. Furthermore, Starlink is not controlled by governments. There is no risk of website blocking or transmission interception (SS7 attack, IMSI Catcher).⁩

By using different devices, different IPs, and different networks, you are resilient. You can express yourself, access information, and manage your bank accounts at any time. And this from anywhere in the world, including a remote island in the middle of the Pacific Ocean.⁩

Although essential to your liberation, freedom of expression is not enough. You cannot rest on your laurels. In order to achieve true freedom, you will need to learn a universal language. A language everyone understands: money.⁩

Financial Freedom⁩

Financial freedom is defined as:⁩

• Generate profits⁩
• To be independent⁩

Generate profits:⁩

• Earn more than you spend⁩
• Accumulate wealth over time⁩

Being independent:⁩

• Working for yourself⁩
• Diversify your sources of income⁩

Working for yourself:⁩

• Being your own boss⁩
• Define your own rules of the game⁩
• Reap the fruits of one's labor⁩

Define your own rules of the game:⁩

• If you want⁩
• Whenever you want⁩
• Where you want⁩
• As you wish⁩
• With whoever you want⁩

Diversify your sources of income:⁩

• Being resilient in the face of change⁩
• Generate profits uninterruptedly⁩

Financial freedom allows you to:⁩

• Living off your passive income⁩
• Dedicate time to your passions⁩

To achieve this, it is essential to understand the following principles:⁩

• Financial management⁩
• Investment⁩
• Tax optimization⁩

The FIRE movement is a good illustration of these concepts.⁩

FIRE Movement⁩

FIRE (Financial Independence, Retire Early) is a movement that encourages individuals to save and invest heavily, as early as possible, in order to retire well before the traditional age. By combining high savings rates (frugality) with effective investment strategies (stock market, real estate), it is possible to eventually live off one's investments and free oneself from financial constraints.⁩

A winning strategy is to invest 70% or more of your income, then live off the remaining 30% or less. Once your investments mature, you only need to consume 4% of them each year to live off them passively, for an unlimited period.⁩

Assuming a minimum requirement of 30 years of portfolio longevity, a first-year withdrawal of 4 percent, followed by inflation-adjusted withdrawals in subsequent years, should be safe.

Download the publication establishing this 4% rule:⁩

You should take inspiration from this philosophy to start your financial empire. First, let's see what you can save.⁩

Economy⁩

Budget⁩

To be able to invest, you need cash. The first step to reaping this financial windfall is to turn off the spending spigot. To save effectively, it's necessary to create a budget. This budget should detail all sources of income, and especially all sources of costs. This helps identify areas where savings can be made.⁩

The accounting exercise of cost reduction (Cut the cost, Cost-killer, Kill the bills) applies to both individuals and businesses. You should manage your budget like a business's. Eliminate anything that isn't profitable or strictly necessary. Being stingy is a virtue. Welcome to the rat race.⁩

Accommodation⁩

The average budget footprint of a home is 8 520 EUR per year. Over 60 years: 511 200 EUR.⁩

• Take a smaller, more modest place⁩
• Move to a more economical neighborhood⁩
• Renegotiate your rent or mortgage⁩
• Sublet part of your home (to cover your expenses)⁩
• Share a flat⁩
• Search for AirBnB long-term rental prices⁩
• Rent in a campsite (mobile home or tent)⁩
• Convert a van and make it your home⁩
• Sleep in your vehicle and use external bathrooms (office, gym)⁩
• Stay hosted for free⁩

If you are a homeowner or want to become one, you should know that the real cost of a mortgage is much higher than it seems. For example, for a borrowed amount of 200 000 EUR, over 25 years, at 4% (payable each year on the amount remaining to be repaid) and with 50%⁩ insurance (based on the total cost of the credit), the result is around 444 000 EUR, a return of 222%, or 2.22 times the amount borrowed.⁩

Download the Mortgage Loan Simulator:⁩

It's important to simulate the true cost of a mortgage before committing, especially over several decades. The true cost of the loan could significantly impact your cash flow.⁩

Food⁩

The average food budget footprint is 6 000 EUR per year. Over 60 years: 360 000 EUR per person. For 2 people: 720 000 EUR.⁩

You must eat to live, not live to eat.⁩

• Avoid eating out⁩
• Use coupons and promo codes⁩
• Minimize the use of delivery services⁩
• Stop getting your drinks from coffee shops (Starbucks)⁩
• Stop spending your money at ATMs⁩
• Plan your meals to avoid instant gratification⁩
• At the office, use a bowl with leftovers from the day before.⁩
• Buy in bulk to reduce costs⁩
• Look at the price per kilo first (You might be surprised)⁩
• Stock up on canned goods to avoid food waste (expiration)⁩
• Use sales and promotional coupons to save money⁩
• Shop for free with charities⁩
• Fast in the morning, evening, on weekends and during your holidays⁩

Take advantage of one of these promotions to eat at a lower price:⁩

With 20 to 30 grams of useful protein per ready-to-drink bottle, Huel, Jimmy Joy, and yFood nutritional drinks offer an attractive protein-to-price ratio, in addition to being easily and quickly absorbed. Try their chocolate flavor for a combination of business and pleasure.⁩

Tobacco⁩

The average budget for a smoker is 3 800 EUR per year. Over 60 years: 228 000 EUR.⁩

• Refuse tobacco⁩

Transport⁩

The average vehicle footprint is 6 100 EUR per year. Over 60 years: 366 000 EUR per vehicle. If you have 2 vehicles: 672 000 EUR.⁩

Mitigate everything you can: Car loan, leasing, fuel, insurance, maintenance, repairs, fines, accidents.⁩

• Avoid moving⁩
• Consider carpooling⁩
• Rent a vehicle when you need it, instead of buying it⁩
• Use a smaller, more modest vehicle⁩
• Choose a vehicle that consumes less fuel⁩
• Rent your vehicle when not in use (day, night, weekend)⁩
• Sell your vehicle⁩
• Consider public transportation⁩
• Adjust your subscription (Minimum number of zones)⁩

Subscriptions⁩

Subscriptions are a recurring source of cost.⁩

Here are the average budget footprints of some subscriptions:⁩

• Netflix: 72 EUR per year. Over 60 years: 4 320 EUR.⁩
• Theater: 130 EUR per year. Over 60 years: 7 800 EUR.⁩
• Magazine: 156 EUR per year. Over 60 years: 9 360 EUR.⁩
• Gym: 540 EUR per year. Over 60 years: 32 400 EUR.⁩
• Mutual insurance: 1 200 EUR per year. Over 60 years: 72 000 EUR.⁩

Therefore :⁩

• Cancel your subscriptions while you are on vacation⁩
• Renegotiate Electricity, Water, Gas, Internet, Telephone⁩
• Delete Insurance, Mutual, Sports, Magazine, Theater, Cinema, Streaming⁩

Free time⁩

Turn your idleness into productivity.⁩

• Cancel your lavish vacation⁩
• Never be idle or fallow⁩
• Scour job boards and classified ad sites⁩
• Work during your paid vacation: Bonus in months: (11 + 1) / 11 = 9%⁩⁩
• Work during the weekend: Bonus in days (5 + 2) / 5 = 40%⁩⁩

Social Circle⁩

Your social circle is made up of your friends, colleagues, and family. All of these individuals are trapped in the same cage, the one you were locked in from a young age. They are therefore only your fellow inmates, for a limited time. Periodically, they represent a cost, both financially and temporally. Your time is precious. Your goal is to make money, not socialize. Limit your interactions to the bare minimum.⁩

• Decline friends⁩
• Refuse the family⁩
• Refuse colleagues⁩
• Refuse after-work drinks⁩
• Refuse birthdays⁩
• Refuse farewell parties⁩
• Refuse dinners and lunches⁩
• Refuse religious and calendar holidays⁩
• Refuse social chores (moving)⁩
• Refuse to volunteer⁩
• Charge: 100 EUR per hour of attendance⁩

Animals⁩

The average budget footprint for an animal is 1 000 EUR per year. Over 15 years: 15 000 EUR per animal.⁩

• Refuse animals⁩
• Sell your animals⁩

Couple Life⁩

Most couples form with the goal of starting a family and subsequently passing on assets to their offspring. This asset is usually material or genetic.⁩

In a Western community of interest (e.g. marriage), marital duty is dissociated from the sexual relationship.⁩

Download this case law:⁩

In the Philippines, Section 247 of the Penal Code (Page 67) allows the cheated spouse to remove the cheating spouse.⁩

Any legally married person (...) surprised his spouse (...) sexual intercourse with another person (...) shall kill any of them or both (...).

Download the penal code containing this law (109 pages):⁩

Let’s look at the costs of living as a couple:⁩

• Marriage + Divorce: 30 000 EUR⁩
• Compensatory benefit: Between 200 000 EUR and 700 000 EUR⁩
• Child: 200 000 EUR (over 20 years)⁩
• Student: 60 000 EUR (over 5 years: Master)⁩

Women are the initiators of 75% of divorces. The average age of a woman filing for divorce is 44.⁩

Let’s project 2 situations:⁩

In this configuration, the result of the divorce is -1 000 000 EUR.⁩

Compensatory benefits are based on the difference in income between spouses. So, when your other half asks you if they can stop working (Income: 0 EUR), know that they are probably preparing a divorce with compensatory benefits.⁩

There are at least three methods for calculating the cost of a compensatory benefit. Each produces a different result. Knowing the approximate amount of a compensatory benefit allows you to better prepare your personal finances.⁩

Download the Compensatory Benefit Simulator:⁩

In the French Socialist Republic, theft does not exist between spouses (husband, wife), ascendants (parents, grandparents, great-grandparents, etc.) and descendants (children, grandchildren, great-grandchildren, etc.).⁩

By doing so, your other half, your children, your parents can legally steal from you.⁩

Download the law legalizing family theft:⁩

In the French Socialist Republic, a community of interests such as marriage involves additional costs, including Alimony. This applies to your spouses, your children, and your spouses' parents. When you marry a single person, you are actually taking responsibility for a whole group of individuals.⁩

The support due to ascendants only disappears in the event of divorce, or the combined death of the spouse and children. Thus, as long as a child remains, the surviving spouse must provide support to their spouse's ascendants.⁩

In the French Socialist Republic, evading payment of Mandatory Food Aid is punishable by two years in prison and a fine of 15 000 EUR. For each failure to pay, the fine is $1,000.⁩

Download the legal texts relating to Mandatory Food Aid:⁩

Mandatory Food Assistance can place a burden on you that is disproportionate to your financial means. Be sure to budget for this amount so you're not caught off guard when the time comes.⁩

Download the Mandatory Food Aid Simulator:⁩

Marriage provides a home for your children. Assuming these children are indeed yours, and there was no unfortunate exchange at the hospital during their birth, how much of your DNA will you bequeath to your descendants?⁩

Let's look at the profitability of genetic transmission over 10 generations:⁩

• Initialization: 100%⁩ (i.e. 1)⁩
• Decay: 50%⁩ per iteration (i.e. 0.5)⁩
• Iterations: 10⁩
• Result: 1 x 0.5 ^ 10 = 0.1%⁩
• Profitability: 1 - (0.1 / 100) = -99.9%⁩

Within 10 generations, your genetic makeup will represent 0.1% of that of your descendants. Your biological existence will be reduced to nothing. Your genetic individuality will be erased. This is a harsh reality. Genetically, you pass on nothing.⁩

The main motivation of the community of interest is swept aside by a simple mathematical calculation. If we take into account the nihilism brought about by the decline of your DNA transmitted to each generation, and the countless resources that you have, or risk mobilizing in the near future, for an asymptotic result of zero, if not negative, it is appropriate to ask, logically, the question of the return on investment of such acts.⁩

If you have children and find them expensive, you might be tempted to abandon them. In the French Socialist Republic, as in many jurisdictions, child abandonment is severely punished.⁩

Be aware, however, that there are procedures that allow you to abandon your children, completely legally.⁩

Legally abandoning your offspring is sometimes necessary in order to balance your budget.⁩

Last but not least, in most Western jurisdictions, the breakdown of a community of interests, such as a marriage ending in divorce, will strip you of half your assets. The profitability of a divorce is -50%. Of all the consequences of living together, this is the most impactful. We previously illustrated the impact of a 50%⁩ decrease per iteration using genetic transmission as an example. Accumulating divorce upon divorce will produce the same effects, namely an accelerated loss of your capital.⁩

The opportunity cost associated with this loss, that is, the amount of money you will be deprived of and unable to invest, will have a significant impact on your future life.⁩

Before you embark on a life as a couple, carefully anticipate the underlying costs.⁩

Download the Couple Life Simulator:⁩

Projecting the costs of living as a couple allows you to avoid a series of financial repercussions that could affect you for the rest of your life.⁩

Your lifestyle choices, especially the amount of money you save, have a major impact on your investment capacity. That's why it's important to run through different scenarios before implementing your plan and choose the one that works best for you.⁩

In this chapter, we have listed the most significant sources of costs and formulated possible ways of saving:⁩

• Accommodation⁩
• Food⁩
• Tobacco⁩
• Transport⁩
• Subscriptions⁩
• Vacation⁩
• Social Circle⁩
• Animals⁩
• Couple life⁩

However, savings aren't the only source of investment capital. Your income also plays a key role. Let's see how you can improve it, for example, by becoming a freelancer.⁩

Freelance⁩

Employee / Freelance⁩

There is a fundamental difference between an employee and a freelancer. An employee is legally subordinate to their employer. Contractually, an employee owes obedience and loyalty to their employer. A freelancer, at least a business owner, is legally independent. A freelancer has no boss. As a service provider, a freelancer provides a service to their unlimited number of clients, allowing them to diversify their sources of income.⁩

Freelancers have greater flexibility than employees. They can work as much as they want to supplement their income. With an equivalent job (same position, same workload, same hours), they earn on average twice as much. If they optimize their structure, they will earn three times more. Finally, freelancers have an additional multiplier: they can have multiple clients. With two clients, they can earn between four and six times more.⁩

Average Daily Rate⁩

The Freelancer determines their Average Daily Rate, which is their daily pay. They set their price. The Freelancer is therefore a Price Giver. They are the opposite of the salaried employee, the Price Taker, who takes what is thrown at them. To maximize your profits, make sure you're a Price Giver. This way, the negotiation will start from your base, not from that of your client. Whether they buy or reject your service is another story. If client A can't afford your skills, client B will. It's the law of the market. It's the law of supply and demand. The ocean is big, and it's full of fish. Next.⁩

You will go through an intermediary, referenced by several clients in the market, and whose sole function is to connect your profile with one of the job offers in its catalog, at the end client. Based on your Rate, this intermediary will take a commission. ESN (Digital Service Companies, ex-SSII (Computer Engineering Service Company), also soberly called meat sellers (you are the meat), generally try to make a killing on your back, by taking a 50%⁩ margin. Realize. It is you who work, and it is they who pocket. This is obviously unacceptable. Some will refuse to place you below a 20% margin.⁩

If you bring them the client, and their charge is limited to acting as an intermediary, honest partners will not take more than 5%⁩. The most competitive ones will be able to lower this margin to 3%. Thus, depending on the intermediary used, your profitability is impacted by -3% to -50%. Note that the margin achieved by this intermediary, although it is of capital importance, because it weighs on your commercial performance, is not everything. Analyze the capacities of this intermediary in terms of network, financial solidity and international projection. We will discuss this aspect later in the Offshore section.⁩

Freelance IT⁩

The IT (Information Technology) sector offers attractive rates, ranging from 350 EUR⁩ per day for beginners, to 1 000 EUR per day for the most qualified profiles (Ex: Security). IT is a sector that favors self-taught people, certifications and experience, and conversely does not care about diplomas. It is a sector that accepts all profiles, including literary, sales, biologists, and other chemists in the process of retraining. From the moment you are willing to learn, there is a job at stake. Some jobs do not require any particular computer skills. Companies in the IT sector are used to training their new employees, sometimes in 1 to 3 months (accelerated training).⁩

Here are some representative positions in this sector of activity:⁩

Consult the following platforms to qualify and quantify the available offer:⁩

• Indeed⁩
• Freelance.com⁩
• Freework⁩
• Hellowork⁩
• Monster⁩
• Linkedin⁩
• Malt⁩
• Upwork⁩

Remote work⁩

In the IT sector, it is common to have 2 to 3 days of remote work per week. The IT consultant connects with one click using the company's VPN⁩ (Virtual Private Network). This allows them to carry out their work from home, in a hotel, or in a cafe, for example managing their emails or projects, as if they were on the company premises, but at home.⁩

Remote working offers certain advantages:⁩

• Reduce your stress⁩
• Be flexible with your schedule⁩
• Playing with time zones⁩
• Working internationally⁩
• Eliminate transport (travel time)⁩
• Increase the quality of your sleep⁩
• Improve your work-life balance⁩
• Do your shopping during the day⁩
• Start a washing machine⁩
• Save on your lunches⁩
• Take a nap during your lunch break⁩
• To be in underwear and slippers⁩
• Meditate during meetings (mute microphone and webcam)⁩
• Increase your income with Double Billing⁩

Double Billing⁩

You must determine the most appropriate strategy based on your skill level. An expert earning 1 000 EUR per day will be closely monitored by their client, who will be extremely demanding. Conversely, a beginner earning 350 EUR⁩ will be subject to relaxed, if not lax, oversight. This is especially true for a major account, where they are only a temporary resource among tens of thousands of employees. This allows them to take on a second assignment, or Double Billing. This provides them with a comfortable turnover of (350 + 350) = 700 EUR per day, without any particular skills.⁩

Having two simultaneous assignments is no easy task. It involves an additional mental load, the ability to switch from one subject to another, remember the first names of all your contacts, separate projects by client, manage multiple laptops, and juggle meetings for each assignment within the same day. However, this extra effort is often rewarded in hard cash. To implement the Double Billing strategy in the best possible conditions, make sure you are comfortable with your first assignment (at least 3 months of activity) before taking on a second assignment.⁩

Swap periods of presence and telework to achieve this:⁩

• Mission A: Presence: Monday and Tuesday. Teleworking: Wednesday, Thursday, Friday⁩
• Mission B: Teleworking: Monday and Tuesday. Presence: Wednesday, Thursday, Friday⁩

Adjust these time slots to suit your clients' needs. These schedules should never overlap. Every client likes to think they're contracting with you for their exclusive benefit. Make sure that Clients A and B never meet.⁩

Certifications⁩

Certifications are a great way to increase your market value. They allow you to set learning goals, acquire new skills, have your skills validated by a recognized third-party (neutrality of assessment), skip technical tests during interviews, and reward your skills accordingly.⁩

Certifications should be viewed as an investment that generates positive cash flow. Their initial cost will be quickly recouped, in just a few days of work. Furthermore, the more you complete, the more specialized you become, and the more you broaden your skillset (a 360° view of IT professions), making you resilient, visible, and essential in the market.⁩

Try these certifications:⁩

These certifications allow their holders to earn 10 000 EUR per month.⁩

Download these original certificates:⁩

Having your name on such certifications could help you get your business off the ground. Make sure you acquire the relevant skills.⁩

Portage Company⁩

It is possible to start as a freelancer immediately. And this without having to bear the administrative burden of creating a company. This hybrid mode is called a portage company. You immediately improve your income, because the commission of the portage company does not generally exceed 10%. Compared to an employee in an ESN, employment in a portage company allows you to earn between +10% and +40% compared to traditional employment. Technically, you are an employee of the portage company. This means that you are subordinate to your employer. If your employer is domiciled in the French Socialist Republic, this also means that you contribute to the mandatory unemployment insurance of the State. This affects your commercial performance. We will explain later how to recover part of this financial cushion.⁩

Register on Freelance sites (see Freelance IT chapter).⁩

As soon as you have a client, whether end or ESN, contact these Portage companies:⁩

A portage company is an excellent way to get your foot in the door. It's the most efficient form of employment when your goal is to collect unemployment benefits while maximizing your cash flow.⁩

After a few months with a freelance company, you're reassured about your freelance status. Your standard of living has significantly improved. You decide it's time to start your own company to generate more cash. Now let's look at how to start your first business.⁩

Business⁩

Slowlane VS Fastlane⁩

You have the choice between 2 paths:⁩

• The slow lane⁩
• The fast lane⁩

Slowlane lane⁩

• Used by employees⁩
• Leads to mediocrity⁩
• Recommended by the State, your teachers, neighbors, spouses, friends and family⁩

Fastlane⁩

• Used by entrepreneurs⁩
• Drives Success (Repeatability)⁩
• Uses speed catalysts (Boosters)⁩

These concepts are developed in detail in a 340-page guide.⁩

Order this book (340 pages):⁩

Using easy-to-understand mathematical formulas, this book explains why an entrepreneur will systematically earn more than an employee. Beyond the facts, this book introduces you to the role of the value creator.⁩

Reading 340 pages can be daunting. Useful and relevant information can be difficult to find. Your time is precious. Opt for a summarized and ultra-condensed version, at a lower cost (1 page):⁩

Once you've read this, let's create your first business together.⁩

Business⁩

Starting a business is a mandatory step in becoming an entrepreneur. In the French Socialist Republic, a popular option is the EURL limited limited liability company), which offers a flexible legal structure suitable for small businesses. Its business creation process is simple, fast, and inexpensive. However, be aware of the high operating costs of this jurisdiction. We will discuss this point in the section dedicated to offshore structures.⁩

Also be careful with the procedure for closing the EURL, which is tortuous from a bureaucratic point of view. We will see this just after its opening.⁩

Despite high operating costs, starting a business in the French Socialist Republic is a theoretically interesting exercise. Once you know how to start and close a business in the French Socialist Republic, you simply have to apply this ability to any jurisdiction.⁩

You can start with a sole proprietorship, i.e. with 1 shareholder (1 member), then move towards a multi-partner structure, i.e. with several shareholders (several members).⁩

In the French Socialist Republic, the most common structures are the EURL (Entreprise Unipersonnelle à Responsabilité Limitée), which evolves into SARL (Société Anonyme à Responsabilité Limitée), and the SASU (Single-Member Simplified Joint Stock Company), which evolves into SAS (Société par Actions Simplifiée). The difference lies in the obligations to publish accounts (lighter for the EURL) and in the taxation.⁩

Tax efficiency (transformation function) is more or less identical between Employee, EURL and SASU. However, there are some anecdotal differences.⁩

Use this site to calculate taxes for Employees:⁩

Use this site to calculate taxes for EURL :⁩

Use this site to calculate taxes for SASU :⁩

Use this site to compare taxation between EURL, SASU and other types of company:⁩

Please note that taxation is not a determining factor at this stage. Indeed, the topic of tax optimization will be covered later in this training. What matters for now is getting started, in theory or in practice, in creating your first business.⁩

For reasons of simplicity and efficiency, let's start with an EURL.⁩

Opening of EURL⁩

The budget for creating an EURL is 500 EUR. Here are the steps to follow:⁩

• Scan your National Identity Card or Passport⁩
• Obtain proof of address (e.g. electricity or internet bill)⁩
• Write and sign the accommodation provision agreement (1 page)⁩

• Write and sign the certificate of non-conviction and parentage (1 page)⁩

• Draft the Prototype of the Company's Articles of Association (3 pages): Acronym composed only of the first letter of each word forming the company name (legal requirement). Do not initial, sign, or date.⁩

• Publish a legal notice (150 EUR)⁩

• Open a bank account (200 EUR)⁩
• Draft the final version of the Company’s Articles of Association (4 pages)⁩
• Attach the certificate of deposit of funds to the Articles of Association of the Company⁩

• Initial, sign and date the Company’s Articles of Association + List of annexes + Shareholder’s Decision⁩

• Register the company (50 EUR)
  • Tax system: Corporate tax (IS)⁩
  • NAF / APE Code: Business consultancy and other management consultancy (70.22Z)⁩

• Get a Situation Report⁩

• Get a KBIS⁩

• View the Company page⁩

These are all the documents you need.⁩

This first step in creating a company is an important one. It prepares you to steer your destiny. You are now in charge. You're the boss.⁩

Closure of EURL⁩

Knowing how to close a company, whenever necessary, is as important as knowing how to start one. Let's plan your company's closure process now so you're ready when the opportunity arises.⁩

The budget for closing an EURL is 250 EUR⁩

The cessation of activity is divided into 3 phases:⁩

• Dissolution: The company ceases to operate⁩
• Liquidation: The company is dismantled⁩
• Deregistration: The company is deregistered⁩

Here are the steps to follow:⁩

• Scan your National Identity Card or Passport⁩
• Draft and sign the dissolution (1 page)⁩

• Write and sign the liquidation (1 page)⁩

• Publish a legal notice of dissolution (170 EUR)⁩

• Register the termination of the company (80 EUR)⁩

• Electronically sign the termination.⁩

You have two options for electronic signature:⁩

• Electronic signature certificate⁩
• La Poste Digital Identity Application⁩

First option: Electronic signature certificate⁩

Discover electronic certification options:⁩

Second option: La Poste Digital Identity Application⁩

This option is reserved for French nationals.⁩

First, you must have an ID with an NFC chip. To obtain this secure ID, write a letter explaining your need for an ID with an NFC chip. Note that this NFC chip will be used to access several government services. Therefore, you are not required to indicate that the NFC chip will be used to close your business.⁩

Download the cover letter for requesting an identity document with NFC chip:⁩

• Go to the town hall with this letter + your old identity document⁩
• then insist on obtaining a secure identity document with NFC chip⁩
• Wait a week⁩
• Download the France Identity app⁩

• Have this QR Code validated in one of the compatible town halls⁩

Discover the list of town halls compatible with the QRCode:⁩

• Wait 24 hours to receive an email confirming the creation of your digital identity⁩
• Understand that FranceConnect+ with France Identité is buggy and does not allow you to sign⁩
• Download the La Poste Digital Identity application⁩

• Wait 24 hours to receive an SMS confirmation of the creation of your digital identity⁩
• Enter your previously created Numbers + Letters code⁩
• Reconnect to the site used for termination using FranceConnect+, then La Poste Digital Identity⁩

Regardless of the option used (Electronic Certificate or La Poste Digital Identity), you are now able to sign the cessation of your professional activity.⁩

• Sign the termination⁩

• Wait 1 week⁩
• You will receive by post a KBIS mentioning the dissolution⁩
• Deregister the company by carrying out a second termination, but this time with the end of liquidation and deletion⁩

Use this website to report company results:⁩

If you have nothing to declare, check the "None" box at the top of each form. This box does not exist on the last form. Do not leave any comments to avoid crashing your tax return website.⁩

Use this form to request a tax compliance certificate (DGFIP):⁩

Use this website to request a tax compliance certificate (DGFIP):⁩

Example of tax compliance certificate (DGFIP):⁩

Site to request a certificate of social regularity (If you do not have a URSSAF account):⁩

Example of social security regularity certificate (URSSAF):⁩

• Pay the deregistration fee (20 EUR)⁩
• Wait to receive a KBIS mentioning the company's deregistration⁩
• Your company is officially deregistered⁩

You now know how to create and close a company in the French Socialist Republic.⁩

URSSAF⁩

In the French Socialist Republic, there is an organization called URSSAF (Union de Recouvrement des cotisations de Sécurité Sociale et d'Allocations Familiales), responsible for seizing the money you earn as an entrepreneur.⁩

No sooner has your EURL been created, without even having sold anything yet, than the Bolshevik tax collector URSSAF, with whom you have never entered into a contract, will establish a scale for you, which is not based on any factual basis, and decide from this interstellar void to put you into debt.⁩

In the event of non-payment or late payment of this fictitious debt, which you never incurred, URSSAF will place its recovery in the expert hands of a Court Commissioner. This individual is vested with the legal authority to issue an enforceable levy. This is done without any adversarial proceedings. Through a procedure called garnishment, he will be responsible for emptying the manager's personal accounts.⁩

This seizure applies to both existing and future cash flow, until it is fully paid. The seizure takes priority over all your other transactions. Your bank, for its part, is legally obligated to comply with the writ of execution. You therefore have no choice but to pay the order issued against you.⁩

The maximum duration of the seizure is 15 to 30 days, but it can be renewed indefinitely, particularly through the use of multiple judicial commissioner offices. In practice, this seizure, although costly for the collecting body (it must pay the judicial commissioner), could be eternal.⁩

This means your personal accounts are vulnerable. It also means you don't own those accounts, as anyone can obviously access them.⁩

Any challenge to these acts must be made to the court commissioner on the same day, and to the court within one month. These short deadlines make it practically impossible for the victim of these state rackets, especially for an entrepreneur busy running his business, to challenge them.⁩

However, the Court of Cassation affirmed that the recoveries initiated by URSSAF (Ex- RSI) were of a professional nature. Thus, by reason of the Limited Liability of companies (the "RL" in EURL), these deductions made in a professional capacity for a company cannot be confused with the personal accounts of a natural person, even if they are a subsidiary manager of said company.⁩

Download this case law:⁩

Download this case law:⁩

However, some courts, acting in concert with URSSAF, are ignoring this decision and giving in to its exorbitant demands, namely granting it direct access to the personal accounts of company directors, in order to happily poke its nose into them.⁩

As you can see, in the French Socialist Republic, a company manager is nothing more than a cash cow for the state. Cattle, and nothing else.⁩

You must understand that the strict separation between legal entities and natural persons, in other words, Limited Liability, is a sine qua non of business creation. There can be no value creation, in a calm and peaceful environment, without this effective protection. Solutions guaranteeing this protection exist in other jurisdictions. We will certainly return to this later in this training.⁩

In the meantime, be aware that the judicial commissioners' power to seize your personal accounts has some limitations. Let's discover together how to contain the effects of a garnishment, through the SBI.⁩

SBI⁩

The SBI (Solde Bancaire Insaisissable) is the amount of money reserved in an account. This reserve cannot be seized. In the French Socialist Republic, its legal amount, as defined by the State, is 635 EUR.⁩

The SBI also makes certain social benefits unseizable. Be careful, however, as such benefits may change the way the SBI is calculated.⁩

Download the SBI simulator:⁩

SBI is defined as a per-bank account basis. This means that if you have multiple bank accounts, and you remain below the threshold of 646 EUR in each of the accounts, all your accounts will be exempt from seizure. So, if you have 10 accounts at 646 EUR, you have 10 x 646 EUR = 6 460 EUR exempt from seizure.⁩

Therefore, open multiple bank accounts.⁩

Multiple bank accounts⁩

Never putting all your eggs in one basket is a doctrine that guarantees your financial independence.⁩

The major benefit of having multiple bank accounts is that it ensures operational resilience, so if one payment method fails, the others will continue to function. This redundancy strategy is commonly used for computer servers to ensure continuous quality of service. You should consider this architectural model to ensure unrestricted access to your money.⁩

To complete your banking diversification strategy, in addition to traditional banks, you can opt for neobanks. These EMI (Electronic Money Institution) have a banking license. Keep in mind that EMIs are intended for small amounts and for a short period of time.⁩

To register online, you simply need to have the following items in your possession:⁩

• 1 Smartphone⁩
• 1 Selfie (Photo)⁩
• 1 piece of identification, of your choice:⁩

• 1 Proof of address, of your choice:⁩

Once registered, you can order a virtual bank card, which can be used instantly, and a physical bank card, which you will receive at home within a few days.⁩

To diversify your banking establishments, you could, for example, use these establishments:⁩

Brand⁩

Types of Brand⁩

Starting your own business is one thing. Protecting your trademarks is another. The person who protects a trademark has complete power over it. They can seize websites whose URLs contain the brand name. The site owner could then be accused of trademark parasitism and forced to give up the URL. This example shows you the importance of protecting your trademarks.⁩

There are different types of brands:⁩

• Verbal: Motto, Phrase, Slogan⁩
• Figurative: Drawing, Logo⁩
• Color: Color combination⁩
• Sound: Jingle⁩
• Shape : Design⁩
• Hologram: Image, Holographic Video⁩
• Position: Rotated or cropped image⁩
• Pattern: Repeating image⁩
• Movement: Sequence in time⁩
• Video: Video without sound⁩
• Multimedia: Video with sound⁩

A trademark can also be a combination of all these elements, but it's best to register these elements separately. This allows you to use the registered elements as components—that is, as granular building blocks that you can use to compose other trademarks. The combinatorial aspect of trademark composition can be a powerful tool for dominating your market.⁩

Minimum protection is to register a word mark on the most important word in your word combination. Common words cannot be registered. The registered trademark must have unique characteristics in the registration territory. For example, if your company or product is called BLUERSKY HOLDING GROUP, register the BLUERSKY trademark as a word mark. This will give you the broadest possible coverage.⁩

You need to categorize your trademark to limit it to a few specific sectors. The list of available sectors is an international nomenclature called the Nice Classification.⁩

Download the Nice classification (447 pages):⁩

Select the 3 to 4 classes that best represent your trademark (e.g., 35, 36, 42, 45). Within these classes, you will need to select subclasses (35: Business management consulting and advisory services, 36: Financial consulting, 42: Information technology consulting, advisory and information services, 45: Legal advice). It is important that these subclasses match your business and are as vague as possible. This allows you to ensure maximum protection.⁩

Registering a trademark in your sole proprietorship is a double-edged sword. Registering a trademark can reveal your name, address, email address, and phone number. You could use an offshore company to ensure your peace of mind. However, if you do this, you risk having to reveal important information about that company. You'll also incur additional costs if your trademark is challenged. Indeed, only companies based in the challenged territory are exempt from legal representation in trademark dispute resolution proceedings. With an offshore company, you'll have to pay attorney fees every time someone challenges your trademark.⁩

You could also decide not to register a trademark. This is to avoid the additional mental burden of defending your brand every time it's challenged. However, you would risk losing exclusivity over your product name, and worse yet, being convicted of trademark parasitism. Depending on the economics, it may be better to play the game of registering and defending your trademark.⁩

Registering a trademark in your own name is a good starting point. It allows you to exercise a good level of control at a lower cost. It also allows you to rent the trademark to companies (including those you control) for personal profit.⁩

French brand⁩

To register a French trademark, go to this site:⁩

From there, create an account. Register your trademark, at least a word mark.⁩

Prices are approximately as follows:⁩

• 200 EUR for first class⁩
• 50 EUR for each additional class⁩

Trademarks registered in the French Socialist Republic benefit from priority when extending them to the European level. This is the exclusive prerogative of the French Socialist Republic. If you wish to register a European trademark, it is therefore recommended to register a French trademark first. Not only will the territory covered be smaller, which means fewer challenges from third-party companies during the creation process, but this also gives you priority later, in the event of a challenge at the European level.⁩

European Brand⁩

To register a European Trademark, go to this site:⁩

From there, create an account. Register your trademark, at least a word mark.⁩

Because the territory covered is larger, your trademark may be challenged by another jurisdiction when it is filed. If this is the case, a complaint will be notified to you. Your opponent chooses the language of the proceedings. This language is fixed for the entire duration of the dispute resolution.⁩

Examine your opponent's trademark. Visit their website. Note any significant differences between your trademarks, registered classes, products, customer base, and volumes addressed. In short, anything that could confuse your trademarks in the customer's mind. If your trademarks are sufficiently different, then you have an advantage.⁩

Once the complaint is filed, your opponent has two months to file a brief supporting their complaint. The burden of proof rests with them. After filing, you have two months to respond by supporting your own conclusions. If your opponent fails to file a brief, the complaint will be withdrawn. However, don't wait until you discover this filing or non-filing to prepare your defense.⁩

Download the general guide to defending your European Trademark (1 718 pages):⁩

Download the guide to submitting evidence in defense of your European Trademark (14 pages):⁩

Download the guide to grounds for refusal in defense of your European Trademark (16 pages):⁩

Download the guide to the criteria for disclosing designs in defense of your European Trademark (47 pages):⁩

Download the guide to structuring evidence in defense of your European Trademark (54 pages):⁩

When you're pressed for time and have to ingest a huge amount of information before even being able to write a single line of a hypothetical defense brief, the task can seem impossible. And yet, it's often a necessary evil, because if your trademark is challenged, you could lose up to 10 years of protection.⁩

Once your trademarks are registered, let's put the concepts of work and intellectual property into perspective.⁩

Billing⁩

Subordination⁩

Work is heavily regulated and taxed. Learn how to avoid it through these few examples.⁩

Provision of a person⁩

Download this case law:⁩

If the nature of the service is "provision of a person," the administration may investigate the existence of an employment contract. This is especially true if the payment method is an invoice and the service is performed locally. In this case, local labor law may apply, which you would probably prefer to avoid.⁩

Subordination permanente⁩

Let's see how the administration can establish the existence of an employment contract:⁩

Download this law text:⁩

The presence of a relationship of subordination implies the existence of an employment contract, whether or not it is written. In other words, if Person 1 obeys Person 2 on a permanent basis, then Person 1 is the employee (subordinate) and Person 2 is the boss (principal). A tacit employment contract can then be established. If the work takes place locally, then the employment contract can be reclassified as a local employment contract. Local taxation will apply.⁩

Absence of permanent subordination⁩

Conversely, if the subordination is absent, or temporary:⁩

Download this case law:⁩

A period of time during which subordination is absent, or temporary, does not constitute an employment contract.⁩

The invoicing of a number of days of work constitutes a work service, i.e. the provision of a person, likely to imply for its duration a permanent subordination, which runs the risk of being reclassified as an employment contract.⁩

Be a volunteer.⁩

Avoid charging for work days.⁩

Price ceiling⁩

When invoicing, particularly to a foreign entity, you might be tempted to inflate prices. However, the government has planned to regulate product prices. It has statistical documentation for this purpose, derived from its declarative data collection, which lists the margins you are allowed to operate.⁩

In other words, if your prices do not correspond to those commonly practiced in your sector of activity, you run the risk of being taxed.⁩

Download this law text:⁩

Price controls are a barrier to innovation and competition. You'll need to find a way to differentiate yourself.⁩

HTVI⁩

Let's imagine for a moment that your products are so unique that it's difficult to assess their price. This could offer you an interesting legal loophole. Such is the case with HTVI (Hard To Value Intangibles).⁩

Download this law text:⁩

As an exception to the nominal deadlines, there is an extension of the period during which the state can control HTVI.⁩

Download this law text:⁩

It is possible to avoid HTVI control⁩

Download this law text:⁩

Charge for a license to exploit your intellectual property:⁩

• Formation⁩
• Knowledge base⁩
• Database⁩
• Software⁩
• Copyright⁩
• Copyright⁩
• Patents⁩
• Brand⁩

Bill your client for a number of days, multiplied by the unit price of a license to operate a brand that you own.⁩

Ideally, rather than charging a fee, you should use a loan agreement. Loans are exempt from VAT. However, it's not in the government's interest for you to be exempt from VAT. That's why the government has imposed limitations on loans (declaration, number, percentage, duration). These limitations are designed to limit your creativity and prevent you from fully utilizing them. We'll address these issues later in the section dedicated to offshore companies.⁩

Unemployment⁩

Accumulation of Unemployment and Business⁩

It is possible, by law, to combine unemployment benefits with profits generated by a business. Your business is a legal entity. It has a separate legal existence from your individual status. In other words, when your business receives money, it is not attributed to you. As long as you don't make any distributions, the money remains in the company's name. It accumulates over time, like a reserve or a safe deposit box.⁩

From your company's perspective, you are both a shareholder without distribution and a volunteer manager. As a volunteer, you receive no compensation. You are therefore eligible for government benefits, such as unemployment benefits or minimum income.⁩

To combine unemployment benefits with your company, you'll have to get laid off. Let's see how to do this.⁩

Quick Dismissal⁩

Please note that in the French Socialist Republic, absenteeism is considered a resignation, which does not entitle you to compensation. What you're seeking is a dismissal, or a job loss initiated by the employer. Please note that all dismissals, even for serious misconduct, entitle you to compensation.⁩

Furthermore, there is no such thing as an employee file, or any kind of blacklist of bad employees shared between companies. This is a myth propagated by HR to terrorize employees. Such a file would be illegal under the CNIL (French Data Protection Authority), GDPR, and the right to be forgotten. You can therefore pursue any method you deem appropriate to get yourself fired. Always prioritize dialogue first. However, if that doesn't work, we have some tips for you.⁩

Use one of the following techniques to obtain an express dismissal:⁩

• Urinate on your boss's desk⁩
• Defecate in the open space⁩
• Sign your misdeeds, without any remorse⁩
• Openly criticize the CEO⁩
• Have bad body odor (sweat, bad breath)⁩
• Make noise, fart, burp, play loud music⁩
• Be unkempt, disheveled, badly coiffed (dress code not respected)⁩
• Make an apparent gender transition, with a wig and other pastiches⁩
• Come in casual attire: Shorts, flip-flops, pajamas⁩
• Take off your clothes in front of your colleagues⁩
• Get drunk (and more if you like)⁩
• Make unacceptable or reprehensible remarks⁩
• Annoy or talk non-stop to your coworkers⁩
• Communicate with contempt, be haughty⁩
• Comment negatively on your coworkers' looks or clothing⁩
• Spill drinks and food on the floor or on your colleagues⁩
• Push, move, touch your colleagues (physical contact)⁩
• Shake hands with your colleagues with sweaty or greasy hands.⁩
• Always visit the opposite sex's restroom⁩
• Assert your political demands⁩
• Say a prayer in the open space⁩
• Bring in outsiders (friends, spouses, children)⁩
• Make jokes that don't make sense, then laugh heartily.⁩
• Send dirty messages (with explicit photos) regularly⁩
• CC the entire company⁩

The creative mind will use a combination of these different approaches to maximize their chances of success. Don't hesitate to add your own personal touch. The goal is to make you relatable, so that the only solution for the company that employs you is to fire you. Between you and the group, the company will always choose the group. Be credible. Play the victim. Scream about injustice. No one should suspect your plan. Remember, only the result matters. It's your money, it's been stolen from you, and now you must get it back. Be determined. Show the system who's the real boss.⁩

Dismissal Procedure⁩

In the French Socialist Republic, your employer, exasperated by your behavior, has notified you of your dismissal. They will notify you by registered mail or email, which is considered registered mail. They will send you your final settlement, as well as your employer profile for France Travail.⁩

Download a sample end of contract documents:⁩

Your employer may enforce your non-compete clause to prohibit you from working again, even as a freelancer. However, such a clause must meet certain conditions to be valid.⁩

A non-compete clause must therefore be limited geographically, sectorally and temporally, and be remunerated. Otherwise, it is deemed unwritten and is liable to be null and void.⁩

As a deprivation of liberty, a non-competition clause is only valid if the latter is fully consented to by the person on whom it is imposed.⁩

Download the case law on the non-competition clause requiring its acceptance by the employee:⁩

A non-compete clause must be remunerated at its fair value, and after the contract.⁩

Download the case law on the non-competition clause requiring financial compensation:⁩

Download the case law on the non-competition clause requiring fair financial compensation:⁩

une clause de non-concurrence (...) son montant ne peut dépendre uniquement de la durée d'exécution du contrat ni son paiement intervenir avant la rupture

Download the case law on the non-competition clause requiring the subsequent payment of financial compensation:⁩

In other words, it's pretty easy to get a non-compete clause waived. Don't let your employer intimidate you.⁩

Use the documents provided to you by your employer to register with France Travail. You are entitled to 12 months of benefits. Note that the length of your contributions has no impact on this period. Whether you have contributed for 3, 10, or 20 years, this does not affect the duration of your benefits. In other words, if you do not recover the money confiscated from you, it will be permanently sequestered by the State. You will never be able to get it back.⁩

Check your eligibility conditions for unemployment benefits, and therefore your rights to receive these benefits, are specified by a regulatory text.⁩

Read the Unemployment Insurance Regulations:⁩

To recover your compensation, you must follow it strictly. In the event of a dispute with your local agency, the first thing to do is to escalate the conflict to the local agency director by registered letter with acknowledgment of receipt. Second, try contacting your regional mediator, then the national mediator.⁩

Download the mediators' contact details⁩

Be careful, however, not to get caught up in this dilatory internal procedure. The two-month deadline inherent in this procedure could cause you to miss the opportunity to challenge the legal process, which must be filed within two months. A common mistake is to sequentially combine the internal procedure with the legal process, which leads to not being able to go to court and leaves all control to France Travail. Don't be fooled. Keep the internal and legal procedures parallel, and keep France Travail informed of your actions in the legal process to expedite the handling of your case.⁩

According to the principle of hierarchy of standards, the law is above the regulation. In other words, the Unemployment Insurance Regulations are superseded by the law. Refer the matter to the competent court by way of summary proceedings (express judgment). In unemployment matters, there is not a single court, but several courts, whose jurisdiction depends on the nature of the dispute.⁩

• Judicial Court: Disputes between job seekers, excluding solidarity benefits and training actions⁩
• High Court: Compensation for ARE (Return to Employment Assistance)⁩
• Administrative Court: Removals, sanctions, failure to follow up, other specific allocations. Court by default⁩

The first level of litigation is free and does not require a lawyer. Simply cite the Unemployment Insurance Regulations, supplemented by a few articles from the Labor Code.⁩

It's your money, and you're entitled to it.⁩

Once you've saved up, started your business, and secured your unemployment benefits, it's time to invest to build a passive, recurring income—in other words, an annuity.⁩

Interest⁩

Inflation⁩

You've accumulated money, but each year you notice a loss of your purchasing power. Prices seem to have increased. With the same bank account, year after year, your shopping cart is less full. The number in your bank account seems to have lost its value. For example, 100 EUR yesterday is worth only 90 EUR today, and will be worth only 80 EUR tomorrow. This is called inflation.⁩

Inflation is a negative performance, a penalty, imposed on you by the government and the banks. The latter mass-print banknotes in order to dilute you, and subsequently weaken you. This ensures that you remain a servile slave. This process is called Quantitative Easing. What is scarce is expensive, but conversely, what is abundant is cheap, or even worthless. When too much money is in circulation, it loses value. If each banknote loses value, you need more banknotes to achieve the same result. Inflation leads to a dilution of the book value, and a loss of your purchasing power.⁩

Inflation is a capital-devouring force, capable of eating away at all your savings. With inflation at 10% per year, 100 EUR will turn into 4 EUR within 30 years. That's a result of 1 - (4 / 100) = -96%.⁩

Download the Inflation Simulator:⁩

Inflation is one of the most important sources of impoverishment.⁩

Protecting yourself from inflation is essential. To do this, you need to lend your cash to generate interest. Let's see how to invest.⁩

Linear / Exponential⁩

Your income streams follow two types of functions: linear and exponential.⁩

Linear⁩

• Looks like a line⁩
• N additions⁩
• A + A + ... + A⁩
• N x A⁩

Exponential⁩

• Looks like a curve⁩
• N multiplications⁩
• A x A x ... x A⁩
• A ^ N⁩
• A ^N⁩

A linear line is powerful at first. It allows you, through successive additions, to overcome a significant economic threshold such as the poverty line. It is the best way to take you to the middle class.⁩

However, to reach your escape velocity, you will need to use another tool: the exponential.⁩

The exponential curve is weak at first. It is recommended to use it only from a certain level, at least 1 000 EUR. Once started, it is unbeatable over time.⁩

In fact, by generating a percentage of your current jackpot each year, you enrich yourself effortlessly.⁩

Observe the evolution of the gain:⁩

The gain increases from year to year.⁩

In year 2 it is worth 110 EUR, or 10% compared to 100 EUR.⁩

In year 3 it is worth 121 EUR or 10% x 10% = 1.1 ^ 2 = 1.21 = +21% compared to 100 EUR.⁩

The earnings grow on their own. You don't have to do anything. This income is completely passive.⁩

This principle of recursive and autonomous gain is called compound interest.⁩

It constitutes one of the most powerful financial levers that can exist.⁩

The difference between linear and exponential gains is fundamental. This distinction draws a line between the middle class and the wealthy. People who reason in terms of linear gains are doomed to remain poor for life. Individuals who reason in terms of exponential gains, on the other hand, have a good chance of becoming wealthy.⁩

Download the Linear Gain vs Exponential Gain Simulator:⁩

The principle of exponential gain is that the higher the base amount, the greater the gains. In your early years, you must therefore maximize this base to achieve a convincing result.⁩

100K⁩

Reaching 100 000 EUR in investments is the first milestone you should aim for. How you get there doesn't matter. It doesn't matter how much you save or sacrifice. You need to reach € 100K as quickly as possible. Whatever the cost. You must do everything you can to get there. Only the results matter.⁩

I don’t care what you have to do. If it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on 100 000 USD.
Charlie MUNGER

In fact, starting from 100 000 EUR, that is to say 100 x 1 000 EUR, the smallest percentage point will earn you 1 000 EUR. For example, if a share gains 3% in one day, you earn:⁩

3% x 100 000 EUR⁩

3 / 100 x 100 x 1 000 EUR⁩

3 / 100 x 100⁩ x 1 000 EUR⁩

3 x 1 000 EUR⁩

3 000 EUR⁩

In other words, the 100K milestone unlocks your first significant passive income. It's also a launching pad for HNWI (High Net Worth Individual) status.⁩

Here's a quick overview of the path you need to take, based on the value of your net liquid assets (Assets less Liabilities, and excluding real estate):⁩

• 100 000 USD : Sub-HNWI (Sub High Net Worth Individual)⁩
• 1 000 000 USD : HNWI (High Net Worth Individual)⁩
• 5 000 000 USD : VHNWI (Very High Net Worth Individual)⁩
• 30 000 000 USD : UHNWI (Ultra High Net Worth Individual)⁩

Don't get discouraged. Reaching the first 100K is extremely difficult. Redouble your efforts and roll up your sleeves. Once you reach 100K, everything will accelerate, very quickly.⁩

Lump Sum / DCA⁩

There are two investment strategies to regulate the frequency of your investments:⁩

• Lump Sum: You put everything in at once⁩
• DCA (Dollar Cost Averaging): You invest little by little⁩

One of the advantages of DCA is that it allows you to smooth out the purchase price of your assets. Regardless of the market trend, whether bullish or bearish, DCA guarantees that you'll always be anchored to the average price of your assets. In this way, DCA is an anti-volatility tool.⁩

However, when you want to make profits, especially to counteract inflation, you should instead seek volatility, as long as it serves your interests.⁩

Another factor in the popularity of DCA is that it allows employees, who constitute the majority of investors, to invest their monthly remuneration.⁩

This argument is clearly flawed, as it assumes a voluntary reduction in monetary input. What would happen if this constraint were lifted? Would DCA really be the best investment method? Or is it, on the contrary, the strategy of the poor (employee)?⁩

DCA means investing every month. Who's to say this is the best date to invest? Especially when millions of employees are behaving exactly the same way on the same date? Shouldn't we be doing the exact opposite? Can you really time the market? Do you have a crystal ball? Shouldn't we just invest everything, as quickly as possible, and let the market decide?⁩

And most importantly, what happens if, by refusing to invest, you miss the market's best days?⁩

Several backtests have been conducted on this topic. All, without exception, have demonstrated that the majority of performance is achieved by remaining permanently invested in the markets. Being present in the markets is indeed the only strategy that gives you the certainty of never missing the most productive days. A counter-argument could be that you would also suffer all the market declines. However, since markets are always generally rising in the long term, this pessimism should be dismissed out of hand.⁩

Staying invested in the markets is one of the most important factors in building wealth. So much so that simply missing the 10 best days in the stock market can cost you 50%⁩ of the performance you could have achieved.⁩

A study published by a famous fund manager confirms the superiority of the Lump Sum strategy:⁩

Download the Lump Sum Strategy Study:⁩

If you can afford it, the Lump Sum strategy is by far the most effective.⁩

Therefore, you should remain permanently invested in the markets, to the maximum of your capacity.⁩

Dividends / Growth⁩

2 investment strategies are possible:⁩

• Dividend Strategy⁩
• Growth Strategy⁩

The idea of a dividend may seem appealing at first. However, a dividend is a realized gain. As a realized gain, a dividend is taxed. Realized gains are subject to capital gains tax. For example, in the French Socialist Republic, the Flat Tax principle applies. If we simplify the percentages: 15% for the USA, and 15% for the French Socialist Republic. By US law, dividends are taxed at 30%. This means a net loss of 30% on your gains. Every year.⁩

So, even if the dividend is automatically reinvested via a capitalizing ETF (Exchange-Traded Funds) index, it remains a realized gain and loses 30% of its value each year, due to its taxation. This is like killing the chick in the egg.⁩

The chick never has the chance to grow to its full potential. It never becomes an adult. Instead, its destiny is to be amputated every year, even before reaching maturity.⁩

Let's look at the impact of taxation on gains made over 30 years:⁩

The taxation of gains made is much more important than it seems:⁩

• Flat Tax 30% : -56.38%⁩
• Flat Tax 15% : -33.76%⁩

This is because your investment is being eroded little by little. Taxation causes it to undergo a sort of super-inflation of 30% (or 15% if you manage to save on the local portion). And this happens every year. This repeated amputation of your capital has a very significant impact over time, well beyond the stated figure. Think of taxation as negative compound interest. A sort of penalty that accumulates over time. A gangrene that spreads to your entire assets if it isn't addressed quickly. It's a fact: taxation is a major obstacle to your wealth accumulation.⁩

Note that the higher the Flat Tax, the less the effect of the additional percentage points is felt. By going from 15% to 30%, we observe that the additional loss is 56.38% - 33.76% = 22.62%. We do not double the 33.76%.⁩

The first 15% are more painful than the remaining 15%. This effect of reducing the tax footprint in absolute value is explained by the fact that there is less value left on which to generate compound interest (the share of the pie is smaller). Thus, the smallest percentage point of taxation on compound interest impacts the result, with a large impact on the first percentage points of taxation, and a lesser impact on the remaining percentage points.⁩

Download the Dividend Tax Simulator:⁩

The higher the yield, the more noticeable the difference. Taxation expressed in percentage points, therefore essentially exponential and relative to your earnings, will devour them even more in absolute value. At 10% yield, the difference between 30% taxation and 0%⁩ taxation is x2.5. At 100%⁩ yield, this same difference is x8. If you plan to become rich one day, you absolutely must optimize your taxes.⁩

In other words, the only acceptable tax rate is 0%⁩. But how can we achieve this?⁩

First, you want to avoid investing in your own name, otherwise you would be subject to income tax. If you are creating a company, you want to avoid creating a domestic company, that is, one in the same jurisdiction as the exchange where you are purchasing your shares. Local companies tend to be subject to local taxation. The only way to optimize your investment is to purchase your shares through a foreign company, which operates under a different jurisdiction and therefore different laws.⁩

If a non-resident (foreign national) conducts a business or profession in the United States, their income from that business is subject to the U.S. progressive tax rates. They will be taxed like residents, which is something you probably want to avoid.⁩

Income connected with United States business-graduated rate of tax (...) Imposition of tax (...) nonresident alien individual engaged in trade or business within the United States during the taxable year shall be taxable (...)

So, if you have no choice but to declare, in all your tax returns, you should declare that you have no professional or commercial activity related to the USA. And ideally, actually have no professional or commercial activity with the USA.⁩

The Growth strategy allows for zero taxation when selling a stock held for more than one year by a non-US person. This effect can be achieved by purchasing your shares through a non-US company resident in a jurisdiction with zero capital gains tax.⁩

The Dividend strategy, as a rule, does not allow this optimization.⁩

Tax on nonresident alien individuals (...) Income not connected with United States business-30 percent tax (...) Income other than capital gains (...) Except as provided in (...), there is hereby imposed for each taxable year a tax of 30 percent of the amount received from sources within the United States by a nonresident alien individual as interest (...), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income (...)

Dividends from shares held by a foreign company are subject to mandatory taxation. This is carried out through a withholding tax.⁩

Download the text of the law regulating tax levies on dividends and capital gains:⁩

The Dividend strategy can however benefit from this optimization, by using, and on the express condition that they are located in a jurisdiction with zero taxation on capital gains:⁩

• A replicated index (ETF)⁩
• A derivative product replicating total performance (with dividends)⁩

The Dividend strategy requires both the stock holder (you) and the proxy (ETF /derivative) to be located in advantageous jurisdictions.⁩

Thus, with equivalent tax performance, the Dividend strategy is more complex to implement than the Growth strategy.⁩

CAGR⁩

The CAGR (Compound Annual Growth Rate) is a formula for calculating the annualized rate of return. Contrary to popular belief, it is not enough to simply divide the yield obtained by the number of years. This is due to the fact that year-to-year returns are not decorrelated operations, but recursive operations, that is, linked to the value of the previous year. Therefore, a calculation formula must be used to determine the annualized rate of return.⁩

Download the CAGR Simulator:⁩

Buy and Hold⁩

If taxation is a wealth killer, there is another much more insidious one: impatience.⁩

The stock market is a device for transferring money from the impatient to the patient
Warren BUFFET

Think of financial assets like a line at the supermarket. Or, for the more scientific among us, a FIFO stack. Every time you leave the line, you lose your place. And you have to start the queue all over again.⁩

On the other hand, someone who patiently maintains their place in the queue will naturally move forward, as the people in front of them drop out. Their position will also be reinforced by everyone who comes behind them. These people will naturally increase the value of the percentage they hold. Thus, even if you only own 0,000001% of a company's shares, since it is a percentage, and therefore relative to the intrinsic value of these shares, if you remain stoic and wait for new shareholders to enter the fray, you have a good chance of making profits.⁩

This strategy, called Buy and Hold, is based on the Cantillon effect, which refers to the economic phenomenon whereby the injection of new money into an economy does not have a uniform impact, but primarily benefits those who receive the money first, to the detriment of those who receive it later. In other words, first come, first served.⁩

Combine this effect with a tax penalty every time you exit a position, and it's easy to understand why so many speculators lose money in the stock market. They're simply impatient, buying and selling their assets as the fads change. They're incapable of holding a stable, consistent position for decades. This impatience costs them millions. Their frivolous, volatile emotions are actually their own worst enemy.⁩

Smart investors, on the other hand, think strategically over decades. They establish a battle plan, update it regularly, and stick to it. They are not guided by emotion. Their investment method is cold, rational, scientific, and supported by mathematical proof.⁩

To win at investing, you need to project your portfolio over the next 10, 20, 30, or 40 years. What do you think are the major trends likely to generate trillions of dollars by the next century? Find the answer to this question and invest heavily in these sectors.⁩

Investment support⁩

When you invest, the performance of your investment depends on the vehicle in which you place it. You are free to choose the best investment vehicle.⁩

Here are some examples of investment vehicles:⁩

• Pay-as-you-go pension⁩
• Livret A (French Socialist Republic)⁩
• Life insurance⁩
• Rental property⁩
• Gold coins⁩
• S&P500⁩
• Magnificent Seven⁩
• Nvidia⁩

Pay-as-you-go pension⁩

Let’s look at the return on investment of the pay-as-you-go pension (French Socialist Republic):⁩

• Contribution period: 40 years⁩
• Yield 1: 0%⁩ for 40 years (work)⁩
• Return 2: 10% for 20 years (retirement)⁩
• Annual return: (0 x 40 + 0.10 x 20) / (40 + 20) = 0.0016 = 0.16%⁩
• Annual inflation: 10%⁩
• Annual total: 0.16% - 10% = -8.33%⁩
• Negative⁩

Livret A⁩

The Livret A is a state financial product exclusive to the French Socialist Republic.⁩

It finances the war and the construction of social housing.⁩

Let’s look at the return on investment of the Livret A:⁩

• Annual return: 3%⁩
• Annual inflation: 10%⁩
• Annual total: 3% - 10% = -7%⁩
• Negative⁩

Life insurance⁩

Any financial product administered by a third party, including a bank, has a de facto negative return. In effect, the third party is using you as a doormat. They use your cash to make you bear all the risks. They use your cash as leverage, to invest on your behalf, with money they don't own. They reap all the profits. They pay you crumbs. These crumbs never cover inflation. Life insurance is no exception to this rule:⁩

Let's look at the return on investment of a life insurance policy offered by a bank in the French Socialist Republic:⁩

• Annual return: 3%⁩
• Annual inflation: 10%⁩
• Annual total: 3% - 10% = -7%⁩
• Negative⁩

Rental Real Estate⁩

The French Socialist Republic constantly promotes real estate, presenting it as a supposedly profitable investment. But is this really the case?⁩

Let's look at the disadvantages of rental property in the French Socialist Republic:⁩

• Unfair competition from the State⁩

• Changing and infantilizing legislation (legal uncertainty, impossible to plan for 20 years)⁩
• Rent control: Mandatory maximum defined by the State⁩
• French DALO law: Compulsory squatting: Loss of your owner's privileges if absent for 48 hours⁩
• Case law: Tenants exempt from rent if they prove that the accommodation is unfit (Mold, Dry Rot)⁩
• Preemption: Mandatory repurchase by the State, according to the price it chooses⁩
• Alignment: Mandatory destruction by the State to optimize vehicle circulation⁩
• Energy-Climate Law: Mandatory ban on selling or renting thermal sieves⁩
• Criminal liability: If fire or bodily injury, risk of imprisonment⁩
• Material: Vulnerable to floods, fires, earthquakes, cracks, bad weather, degradation⁩
• Physical: Non-scalable and time-consuming, especially in case of geographical distribution⁩
• Neighbors: Neighborhood disturbances that are making your life a misery⁩
• Pests: Cockroaches, Rats, Termites, Fleas, Bedbugs⁩
• Works: Personal (Water damage) or collective (Facade renovation decided by the co-ownership)⁩
• Condominium association: Often paid to do nothing, except bill you⁩
• The value of the good does not increase: Inflation makes it appear more expensive (more notes are needed to buy it)⁩
• The value of the good depreciates: Encapsulated in the physical world, it undergoes the latter's decrepitude⁩
• Complex and confiscatory taxation, which increases faster than inflation⁩
• French socialist tax CSG (Contribution Sociale Généralisée)⁩
• French socialist tax CRDS (Contribution au Remboursement de la Dette Sociale)⁩

Let’s look at the return on investment of rental property:⁩

• Annual return: 4%⁩
• Annual inflation: 10%⁩
• Annual total: 4% - 10% = -6%⁩
• Negative⁩

Gold coins⁩

Gold used to be a source of currency. However, being heavy and difficult to transport, this rare commodity began to dematerialize with the appearance of paper notes issued by banks, then government-issued certificates, and then the dollar, which at the time was still indexed to gold. With demand exceeding available gold reserves, it was then decided to de-index the dollar from the price of gold. Gold then became indexed to the dollar. The dollar is now the source currency. The US Federal Reserve controls the world's dollar reserves, printing dollars on demand, which inevitably creates significant inflation.⁩

Let's look at the return on investment of gold:⁩

• Start of period: Points: 1 447⁩
• End of period: Points: 2 532⁩
• CAGR : (2 532 / 1 447) ^ (1 / 5) - 1 = 11%⁩
• Annual return: 12%⁩
• Annual inflation: 10%⁩
• Annual total: 11% - 10% = 1%⁩
• Slightly positive⁩

Gold is available in more or less finite quantities. It is the subject of little speculation. Although the quantity of gold is stable today, and it is not possible to print gold, this investment class is subject, like cryptoassets, and by side effect, to the effects of inflation, as long as the price of goods and services remains indexed to the USD, an inflationary currency. With a performance equivalent to inflation, the gold bar (Pure gold, 1 kilogram, 86 000 USD) preserves your purchasing power over the long term.⁩

If humanity were to find more gold reserves, for example through new mines, seabed dredging, or asteroid mining, or more exotically through alchemy by transforming lead into gold in a Large Hadron Collider (this is not a joke, this is a scientific fact), gold as a metal would likely experience significant dilution of its value. In doing so, its yield could become negative. Given the technological advancement in mining, marine, space, and fundamental fields, you should anticipate this possibility.⁩

In this eventuality, not only would the value of gold be greatly diluted, but there would also be nothing to prevent the state from confiscating this resource from you. Such state seizures have already occurred in the past.⁩

All persons are required to deliver (...) all gold (...) to a Federal Bank

Download the law ordering the seizure of gold coins and gold bars:⁩

Considering the physical constraints of storage and transport (weight, volume, security), the low increase in its value, the risk of inflation in the coming years, the potential risk of theft, as well as the proven and realized risk of seizure by the government, gold may appear to be a particularly risky asset class.⁩

S&P 500⁩⁩

Let's look at the return on investment of the S&P 500, the stock index listing the 500 largest American companies:⁩

• Start of period: Points: 3 025.86⁩
• End of period: Points: 5 464.52⁩
• CAGR : (5 464.52 / 3 025.86) ^ (1 / 5) - 1 = 12%⁩
• CAGR : (5 464.52 / 3 025.86) ^ (1 / 5) - 1 = 12%⁩
• Annual return: 12%⁩
• Annual inflation: 10%⁩
• Annual total: 12% - 10% = 2%⁩
• Slightly positive⁩

The S&P 500 diversifies your investment across 500 companies. It spreads the risk of bankruptcy. With performance equivalent to inflation, it preserves your purchasing power over the long term.⁩

Note that, contrary to popular belief, the S&P 500 is not equally weighted. On the contrary, within this index, some stocks are weighted more than others.⁩

Magnificent 7⁩

The S&P 500 is made up of 7 stocks that outperform the market, followed by 493 stock losers that drag down your performance. These 7 stocks are called The Magnificent Seven. They are also known as S&P 7.⁩

Let's look at the return on investment of the Magnificent 7 (S&P 7):⁩

• Start of period: Points: 25.07⁩
• End of period: Points: 45.67⁩
• CAGR : (45.67 / 25.07) ^ (1 / 5) - 1 = 13%⁩
• Annual return: 13%⁩
• Annual inflation: 10%⁩
• Annual total: 13% - 10% = 3%⁩
• Slightly positive⁩

Investing in the Magnificent 7 diversifies your portfolio across seven companies: Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta, and Tesla. This allocation, while concentrated, mitigates the risk of bankruptcy. With performance equivalent to inflation, this solution sustainably preserves your purchasing power.⁩

Nvidia⁩

Among the Magnificent 7, one stock dominates and takes the place of winner: Nvidia (ticker: NVDA). Nvidia sells solutions for training artificial intelligence. NVDA 's market capitalization, estimated at around 4 000 000 000 000 USD (USD 4 Trillion), is higher than the entire CAC 40. In other words, the leading American company is worth more than the top 40 French companies. In addition, its capitalization exceeds that of Apple and Microsoft. Nvidia 's valuation is estimated at 50 000 000 000 000 USD (USD 50 Trillion) within 10 years (Multiplier: x17).⁩

This is due to a combination of 3 factors:⁩

• Artificial intelligence⁩
• Shovel salesman⁩
• Monopole⁩

Artificial intelligence⁩

• AGI : Artificial General Intelligence : As intelligent as a human (Digital brain)⁩
• ASI : Artificial Super Intelligence : More intelligent than all humans (Skynet)⁩
• Multiple applications: Specialized virtual employees, robotics, etc.⁩
• Market at 100 000 000 000 000 USD (100 Trillion USD)⁩

Shovel salesman⁩

• In the gold rush, the shovel seller always wins (B2B Tools: Business to Business)⁩
• Wealthy clients such as OpenAI, Google, Microsoft, Amazon, Tesla⁩
• OpenAI raised 7 000 000 000 000 USD (7 trillion USD) to train its next AI (on Nvidia servers)⁩

Monopole⁩

• Expertise in training AI at scale (Scalability)⁩
• Manages both Hardware (GPU, Servers, Network) and Software (CUDA)⁩
• Competitors are 10 years behind⁩
• Master the supply chain⁩
• Reserves suppliers several years in advance to eliminate competition⁩

The main threat to NVDA is the arrival of the quantum computer, which is expected to arrive within 10 years. By then, you have time to reap huge profits.⁩

Let's look at Nvidia 's return on investment:⁩

• Start of period: Points: 4.38⁩
• End of period: Points: 114.35⁩
• CAGR : (114.35 / 4.38) ^ (1 / 5) - 1 = 92%⁩
• Annual return: 92%⁩
• Annual inflation: 10%⁩
• Annual total: 92% - 10% = 82%⁩
• Extremely Positive⁩

With a stratospheric return, and a positioning as a leader + tech + future market + shovel seller + monopoly, NVDA is the ideal stock to invest in.⁩

Seasonality⁩

A detailed study of the stock market's annualized performance reveals monthly disparities. Some months perform better than others. Know how to use this information wisely. For example, if you know that September is historically in the red, withdraw your money just before. On the one hand, you'll avoid a bad start to the year. On the other hand, you'll buy stocks at a discounted price, that is, on sale, throughout the month of September.⁩

This technique works even better with stocks with high volatility. So, if the S&P500 is -2% in September, other stocks with x10 volatility relative to the S&P 500 might be doing 10 x -2% = -20%.⁩

This is the case with Nvidia stock, whose volatility is about 10 times that of the S&P 500 Where the S&P 500 historically returns 10% per year, NVDA returns almost 100%⁩, or 10 x 10%. For example, in September 2024, its price has logically plunged by 10 x -2% = -20%. The company itself has not changed. The value it produces is exactly the same. So, by shopping in the sales in September, you have a good chance of making a 20% capital gain the following month.⁩

Similarly, seasonality effects can be observed with the days of the month. Consider this 1-year trend in the S&P 500, illustrating the average performance for each day of the month.⁩

The beginning of the month corresponds to deposits from scheduled investments, while the end of the month corresponds to withdrawals to pay bills. By reversing this logic—that is, by investing at the end of the month and withdrawing at the beginning—you significantly increase your chances of beating the market.⁩

Don't be a sheep. Know how to position yourself against the market, whenever it serves your interests.⁩

Timing market seasonality is a great way to make easy money.⁩

Impact of losses⁩

Losses are more impactful than gains. Beyond a certain amount, the effort required to return to the initial situation becomes disproportionate compared to the loss.⁩

Visualized on a graph:⁩

Download the Loss Recovery Simulator:⁩

No one likes losing money. And even less so, having to painfully recover it. It adds stress and energy that most people would rather not have. When reading the chart, you might be tempted to minimize your losses by playing it safe. After all, wouldn't one solution be to consistently win, even if it's only by a few percent, and never lose? You're playing the long game, right?⁩

However, this "always winner" theory comes up against several factors:⁩

First, your life is limited. Your time is not infinitely expandable. The same is true of your other resources, especially financial ones. You must accept losses and optimize your investments so that, on average, you come out ahead.⁩

Second, you don't control the market. Losses are caused by earnings, announcements, and other fads. Some are long-lasting, others temporary. Know the difference.⁩

Third, losses can be an opportunity to strengthen your positions. Buying shares of the same security at a low price will lower your average acquisition cost. This will ultimately maximize your profits. View these losses as an opportunity.⁩

Fourth, a stock with low volatility will have a low return. In doing so, it will barely outperform inflation. This is the case with the Euro fund, guaranteed at 3% per year, which, when faced with inflation at 10% per year, achieves a return of 10% - 3% = -7%, i.e., a negative return. By betting on safe stocks, you will lose out because of inflation.⁩

To win, you have no choice. You must take risks. This means seeking out stocks with high volatility. While volatility is attractive, it requires even higher (exponential) volatility to recoup losses. The only guarantee you have of achieving recovery is the intrinsic value of the stock you own. Pay particular attention to selecting stocks with excellent fundamentals. Look for leaders in their field, monopolies, too-big-to-fail, business-to-business (B2B), and with a promising future.⁩

Power of Time⁩

Once you've determined your investment vehicle, you'll probably want to project yourself into the future to see how much your investment will earn you several years from now.⁩

The generated gain is calculated as follows:⁩

Example 1: Amount of 80 EUR at 10% over 20 years:⁩

Result⁩

80 x (1 + 10%) ^ 20 = 80 x 1.10 ^ 20 = 538⁩

Multiple⁩

538 / 80 = x7⁩

Example 2: Amount of 250 EUR at 7% over 30 years:⁩

Result⁩

250 x (1 + 7%) ^ 30 = 250 x 1.07 ^ 30 = 1 903⁩

Multiple⁩

1 903 / 50 = x 8⁩

Here are other examples with an amount of 100 EUR, invested at 10%, 20% or 30%, over a period of 10 years, 20 years, 30 years or 40 years.⁩

Another way to view this table:⁩

The adjustment variables are:⁩

• Number of Years: Exponential > Multiplication: Time = Money⁩
• Rate of Return: Percentage: Relative to the base amount⁩
• Amount: Base on which the two wealth accelerators are based⁩

Download the Investment Simulator:⁩

Once you've run your investment simulations, it's time to take action. Let's see which brokers to use to open your stock market accounts.⁩

Brokers⁩

There are specialized institutions called brokers, whose role is to allow you to hold shares. These brokers are to the stock markets what banks are to your cash: storage and exchange centers. Registration with brokers is 100%⁩ free. If you meet certain conditions, you can benefit from attractive bonuses.⁩

Use the following establishments:⁩

Boursobank is managed by Société Générale, a French bank.⁩

Trade Republik is regulated by the German regulatory authority BaFin. Shares are primarily traded on Xetra, the German marketplace.⁩

Interactive Brokers is an American broker. Your shares will be hosted in the USA. When opening your account, if you're a beginner, state that you have 5 years of experience trading stocks and zero experience in everything else. When asked which type of account you want to open, Cash or Margin, select Cash. This will prevent you from spending more than you have (zero borrowing). You will then be considered a low-risk client. Once the account is open, go to the options and enable Tiered Pricing. Your purchases are now virtually free. Depending on your preferences, manually activate the markets you want to invest in.⁩

Taxes⁩

Effective tax rate⁩

The state is stealing from you, that's obvious. But how much exactly? To measure the rate of theft of your resources, you need to calculate the effective tax rate. In other words, the total amount of taxes applied to you. This includes taxes, contributions, mandatory insurance (pension, unemployment), etc. In short, everything that is imposed on you.⁩

The calculation formula is as follows:⁩

• Tax rate A: 50% = 0.5⁩
• Tax rate B: 20% = 0.2⁩
• Remainder: (1 - 0.5) x (1 - 0.2) = 0.4 = 40%⁩
• Effective tax rate: 1 - 0.4 = 60%⁩

Note that multiplication is permutable. The order of the multiplied elements does not matter.⁩

There are over 250 jurisdictions in the world, and some, such as the French Socialist Republic, are tax-heavy, with over 400 tax levies. We won't detail them all here. Here's a quick overview of what to expect if you want to maximize your income:⁩

In this simulation, we've added a corporate VAT. This has an impact because it represents an opportunity cost. In jurisdictions that have implemented a VAT, this amount is collected by the government instead of going into your pocket. We also assume that you'll invest in US securities, which is the most dynamic market to date. Finally, we've added inheritance tax, in the event that you wish to bequeath part of your assets upon your death.⁩

Let's look at the effect of these tax levies:⁩

• Tax rate A: 20% = 0.2⁩
• Tax rate B: 30% = 0.3⁩
• Tax rate C: 45% = 0.45⁩
• Tax rate D: 30% = 0.3⁩
• Tax rate E: 20% = 0.2⁩
• Tax rate F: 50% = 0.5⁩
• Remainder: (1 - 0.2) x (1 - 0.3) x (1 - 0.45) x (1 - 0.3) x (1 - 0.2) x (1 - 0.5) = 0.086 = 9%⁩
• Effective tax rate: 1 - 0.09 = 91%⁩

In this configuration, every time you touch 10 coins, the State steals 9 from you.⁩

No need to draw you a picture. This effective tax rate is confiscatory.⁩

Download the Tax Simulator:⁩

EAR⁩

In order to strip you of your assets, the State must first be able to find them. This is the objective of the European project called EAR (European Asset Registry). This is a repository of all the possessions of all inhabitants of the European Union (tax resident or not). A creditor, such as the State, will have leverage over you. It will be able to dispossess you of all the acquisitions listed there. Your property is threatened.⁩

Download the Feasibility Study on the European Asset Register (11 pages):⁩

You might think that if you keep a low profile, your assets will be safe from the European Union's control. However, that's not the case if you use the SEPA⁩ payment network. Let's take a look at how SEPA⁩ betrays your assets.⁩

SEPA⁩⁩

SEPA⁩ (Single Euro Payments Area) is the European payment system. All transactions transiting through SEPA⁩ are recorded and monitored by European authorities. SEPA⁩ tracks absolutely everything. This allows European Union authorities to compile a list of your assets and business partners. It also reveals how much money is transferred between these entities.⁩

This poses a security breach in the protection of your assets. A government that has knowledge of your assets could decide to seize them. It could just as easily abruptly exclude your partners from the SEPA⁩ network, thus making you unapproachable (Cancel culture).⁩

A European tax resident may use a payment network other than that of their economic area. A European resident should use the American SWIFT or ACH / ABA (American Bankers Association Routing Number) network whenever possible.⁩

By using another jurisdiction's network, you separate responsibilities and partition distribution channels. This helps preserve the privacy of your transactions, at least in your tax residence jurisdiction. A more sophisticated version of this optimization involves the use of cryptocurrency.⁩

Freezing of withdrawals⁩

When the state finds itself bankrupt, it generally decides to increase the tax burden. However, when this mechanism is no longer sufficient, the state seizes savings accounts.⁩

Some states have passed laws granting them the right to freeze all your withdrawals for a period of three to six months. This allows them to legally confiscate your savings during this period.⁩

Download the law authorizing the freezing of your withdrawals:⁩

This scenario is not fictitious. In 2015, the European Union implemented this plan in Greece. By government decision, banks were closed. Capital controls were implemented. ATM withdrawals were limited to 60 EUR per week per bank account.⁩

This is why it is vital to open multiple bank accounts as early as possible.⁩

When such a law is passed in a jurisdiction, it means that the government administering that jurisdiction is preparing for a debt default. It anticipates an injunction from its creditors to starve the people. Interpret this signal as a need to prepare for this eventuality.⁩

CMU / SIU⁩

The CMU (Capital Markets Union) or SIU (Savings and Investments Union) is a mandatory European Union mechanism promoting the earmarking of investments. The capital collected will serve as collateral so that the European Union can borrow. For the taxpayer, this is a form of trusteeship of their investments.⁩

The CMU is the EU's plan (...) It aims to get investment and savings flowing (...) the CMU will mobilise capital in Europe (...) Ensuring that the EU's economic recovery is (...) inclusive (...) a single market for capital (...) In order to (...) prevent tax fraud, the Commission will propose a common, standardised, EU-wide system for withholding tax relief at source (...) Public funds will not be sufficient to meet these financing needs. An efficient single market for capital is needed to mobilise the necessary funds (...)

Having your investments under guardianship means you don't decide what your money is invested in. The government does that for you. It doesn't matter whether it makes a profit or not. Your opinion isn't taken into account. If you refuse, you're taxed. If you withdraw before the end of the term, you're taxed. If you let it happen, your money is consumed. Either way, you lose.⁩

Download the CMU / SIU law plan (5 + 7 pages):⁩

It's important to stay informed about legislative changes, especially when they affect your savings. The thought of having your bank accounts seized is frightening. And what about having them placed under receivership, or being unable to access the cash stored there?⁩

You have the right to freely enjoy the money you earn. You have the right to store your surplus money. It's your money.⁩

However, the government doesn't agree. It wants to control you. To do this, it has a formidable tool at its disposal: CBDC.⁩

CBDC⁩

Barter existed a long time ago. This mechanism, although imperfect, allowed one commodity to be exchanged for another, thus promoting trade and the specializations of each individual within society. However, some commodities were perishable, and they had to be consumed or exchanged very quickly, at the risk of seeing their value annihilated by the passage of time. To solve this problem, money was invented. Metal, then paper, both rot-proof, were used. In this way, an imperishable and equivalent exchange, resistant to the ravages of time, could be carried out. This innovation allowed the storage of liquidity, thus redefining the rules of power within society.⁩

This savings capacity is bad for the State. Indeed, the State wants to control you. To prevent you from emancipating yourself, the State signed the WEF (World Economic Forum) roadmap called Agenda 2030. This provides for a monetary system called CBDC (Central Bank Digital Currency). This financial prison, inspired by restaurant vouchers and other gift certificates, will soon be deployed to replace current currency.⁩

Here are the characteristics of these CBDC :⁩

• Arrow Currency: Controlled use. Penalty if you refuse: Cannot sell or buy⁩
• Perishable currency: Must be spent before a certain date. Penalty if you refuse: Permanent loss of value⁩
• Programmable currency: Remotely deletable. Be a good citizen. Penalty for refusal: Permanent loss of value⁩

Download the opinion on the European CBDC, also called Digital Euro (39 pages):⁩

For example, instead of your salary, the state will lend you, in the form of electronic vouchers, 100 EUR to spend on clothing, 300 EUR to spend on food, and 500 EUR to spend on housing. Uses will be strictly compartmentalized. Money dedicated to housing cannot be used for food. And vice versa. This currency will be nominative; you will not be able to exchange it with your colleagues or neighbors. You must use it within 1 month, or it will disappear. If you criticize the government, or do not respect your state-imposed objectives, this currency will expire. Instantly. Not to mention that, since you cannot store or exchange it, it will be impossible for you to become an owner. You will be in perpetual dependence on the state. You will be a slave for life, unable to leave the plantation.⁩

You'll own nothing and be happy
World Economic Forum

These CBDC are reminiscent of a dystopian episode of the Black Mirror series, chronicling the excesses of social credit, namely the control of citizens' actions via a points system. You might think this is fiction. However, CBDC are already beginning to be implemented in some jurisdictions. The European Union, for example, has scheduled this experiment for 2030.⁩

Once CBDC are implemented, your liquidity will be controlled. It will be very difficult for you to escape this financial gulag.⁩

You must find a way out of this situation, and quickly. This must be your priority.⁩

Tax Consent⁩

Perhaps you've seen those internet videos of marginalized people telling government officials, "I don't enter into contracts." While the form may leave something to be desired, the substance is legally sound. Consent is a fundamental principle. So much so, in fact, that it's an inalienable and imprescriptible human right.⁩

Article 2 of the Declaration of the Rights of Man and of the Citizen, August 26, 1789:⁩

Article 14 of the Declaration of the Rights of Man and of the Citizen, August 26, 1789:⁩

This fundamental text of the French Revolution is included in the preamble to the French Constitution of October 4, 1958. It is a pillar of what is called the hierarchy of norms, including on the international level.⁩

Download the Declaration of the Rights of Man and of the Citizen, August 26, 1789:⁩

The legal reference for consent is GDPR (General Data Protection Regulation). This European law governs the concept of consent for all documents.⁩

To be valid, consent must:⁩

• Presumed refused⁩
• To be enlightened⁩
• Confirmed 2 times⁩
• Stored on a durable medium⁩
• To be refused at any time⁩
• If refused: Do not imply a degraded experience⁩

Download the GDPR law text (88 pages):⁩

By default, if no choice is made, your consent is refused (You are Opt-out). Only an action on your part can lead to your consent (Opt-in).⁩

Your choice must be informed and enlightened. You must be aware of the implications, and therefore the effects and impacts, that your consent has on yourself or others. This implies that hidden effects, as well as consent forced (under threat) or obtained through abuse of weakness, invalidate consent, which would then be considered insincere.⁩

Consent must be validated by two successive assents. For example, with a checkbox AND a click on a button.⁩

Stored on a durable medium means that you must be able to access this consent at any time from an electronic means that you control, so that you can modify it if necessary. This durable medium can be your email inbox.⁩

You must be able to modify, and therefore withdraw, your consent at any time. This right is inherited from the CNIL (National Commission for Information Technology and Civil Liberties) on data rectification, the predecessor of GDPR.⁩

Refusing consent must not have any negative impact on your day-to-day experience with the service provider. For example, freely refusing to consent to public contributions cannot prevent you from remaining a citizen, moving freely, accessing your capital, or benefiting from access to water, electricity, and the internet (services for which you also pay).⁩

So, if you're currently paying taxes, it's only because you consented to them at some point in your life. The origin of this consent lies in the indoctrination you underwent as a child. The State implemented a routine of submission into your brain when you were weak, vulnerable, and easily manipulated. You must therefore free yourself from this programming and signal the end of your consent.⁩

According to the principles guaranteed by the texts, it is perfectly admissible to refuse to consent to the public contribution, as required by the State. However, it may be that, in practice, your local aggressor, accustomed to subjugating the masses by underhand and coercive means, does not share your desire to free yourself from his grip.⁩

You will have to find a way to align this asymmetry of resources with your liberation goals.⁩

Let's see if the grass is greener elsewhere. Let's broaden our horizons.⁩

Offshore⁩

Tax optimization⁩

Pandora Papers, Paradise Papers, Bahamas Leaks, Offshore Leaks... Tax havens, or low-tax jurisdictions, are the subject of much discussion. In reality, compared to the tax hell you're facing, any jurisdiction in the world is a tax haven.⁩

The government denounces tax evasion, even though it constitutes a perfectly legal neutral zone. The government maintains that protecting its assets would be punishable, even though it is a natural and perfectly legal act. The government often exploits the ignorance of its citizens to make its victims feel guilty for wanting to leave. Don't succumb to this low-level manipulation.⁩

On January 6, 2025, invited to the French television program Les 4 Vérités, the Minister of Public Accounts of the French Socialist Republic declared that tax optimization was not illegal.⁩

In the rest of this sequence, the same minister declares that she wants to combat tax "over-optimization" by imposing "surcharges."⁩

These neologisms ("over-optimization", "surtax") reflect an intention to make it a crime to optimize beyond a certain threshold, considered unacceptable by the French Socialist Republic. This new offense of "over-optimization" would be equivalent to the concept of fraud in French law.⁩

Please note, however, that confusion may arise between the terminologies and their definitions due to the language in question:⁩

Other common terms may be used, such as circumvention or minimization, making these concepts even more confusing.⁩

The most important thing to remember is that the term Evasion is illegal in English law jurisdictions, even though it is perfectly permissible in French law jurisdictions. To avoid any ambiguity, always use the term Optimization (legal). This monovalent term is understood and accepted in all jurisdictions and by all individuals, regardless of their level of legal knowledge and rigor.⁩

In reports that few will read, some states themselves explicitly recognize this difference in terms.⁩

Download the summary on fraud in compulsory levies (21 pages):⁩

The French report on fraud in compulsory levies also specifies this terminology:⁩

Download the report on compulsory levy fraud (201 pages):⁩

The French report on fraud in compulsory levies by individuals completes this terminology:⁩

Download the report on fraud in compulsory levies on individuals (94 pages):⁩

French law on tax fraud mainly targets intentional concealment, particularly through the use of forgery.⁩

Download the text of the law on tax fraud:⁩

Free Choice of the Path of Least Taxed⁩

In case law, tax optimization, also called tax planning or tax skill, is defined as the free choice of the least taxed route.⁩

Download the commentary on the law by the tax administration:⁩

Transactions suspected of avoiding or evading taxes cannot be reversed. Everyone has the right to optimize their tax situation. There is no obligation to overpay the state. There is no patriotic duty that would compel an increase in taxes.⁩

a transaction (...) does not lose its immunity, because it is actuated by a desire to avoid (...) evade, taxation. Any one may so arrange (...) taxes shall be as low as possible (...) not bound to (...) best pay the Treasury (...) not (...) patriotic duty to increase one's taxes

Download US tax case law:⁩

The State cannot demand that you take another path, that you justify your path, or that you demonstrate that it was the only possible path.⁩

Download French tax case law:⁩

European justice enshrines the free choice of the least taxed path:⁩

Download the European case law on the free choice of the least taxed route:⁩

The free choice of the path of least taxation is an inalienable right. You have the right to protect your property, whether tangible or intangible, mobile or immovable. This includes international travel. This is not only a right, but even a duty for anyone whose goal is financial freedom. Therefore, optimize.⁩

Free movement of capital⁩

The Treaty on the Functioning of the European Union prohibits all restrictions on the movement of capital between Member States of the European Union (internal trade) and between Member States and third jurisdictions (external trade).⁩

The objective of the free movement of capital is to enable the efficient cross-border use of physical and financial capital for investment and financing purposes.⁩

Download the European Treaty on the Free Movement of Capital:⁩

For individuals, this means being able to carry out many transactions, including:⁩

• Open international bank accounts⁩
• Buy shares in international companies⁩
• Invest in places offering the best returns, including internationally⁩
• Buying real estate internationally⁩

For businesses, this additionally means being able to:⁩

• Investing in and owning other businesses, including international ones⁩
• Raising funds where they are least expensive, including internationally⁩

In other words, there are many legal bases that recognize your right to place your money internationally, in more favorable jurisdictions.⁩

Flag Theory⁩

Let's compare Alice and Bob.⁩

Alice :⁩

• Nationality: Jurisdiction A⁩
• Passport: Jurisdiction A⁩
• Tax residence: Jurisdiction A⁩
• Domicile: Jurisdiction A⁩
• Employment: Jurisdiction A⁩
• Bank: Jurisdiction A⁩

Bob :⁩

• Nationalities: Jurisdictions A and B⁩
• Passports: Jurisdictions C and D⁩
• Tax residences: Jurisdictions E, F, G⁩
• Domiciliary: Jurisdictions H, I⁩
• Companies: Jurisdictions J, K⁩
• Banks: Jurisdictions L, M⁩

Alice has put all her eggs in one basket. She has made herself dependent on Court A. She is fragile. Alice lives under the constant threat of losing her job. She risks having her assets and accounts seized at any moment. Court A has overwhelming power over her: the power to force Alice into slavery for the rest of her life.⁩

Bob has diversified jurisdictions. Bob is independent. No jurisdiction has the power to constrain Bob. If one day Bob is bothered by one jurisdiction, he still has access to most of his assets. He can open new lines of income in other jurisdictions. Bob is unstoppable. Bob is the embodiment of freedom. You must emulate him.⁩

At regular intervals, the government publicly lists the various techniques used to evade taxes, including those it can control and, conversely, those against which it remains powerless. These documents are a wealth of information.⁩

Download the State report on tax evasion:⁩

It is possible to use certain elements of this report as a basis for constructing a tax optimization strategy.⁩

Another advantage for Bob, and not the least, is that Bob pays 0%⁩ tax. Aside from a few small, fixed-amount expenses, Bob receives all the fruits of his labor. He works for himself. Bob is his own boss. He's getting richer every day. It wasn't easy. Bob had to put in extra intellectual effort. This effort paid off in the long run.⁩

The government hates smart people like Bob. Let's take a look at the barriers the government has put in place to prevent you from becoming Bob. And, more importantly, how to legally optimize your position against these barriers.⁩

FICOBA⁩

FICOBA (FIchier des COmptes BAncaires) is a database of the French Socialist Republic listing bank accounts opened and safe deposit boxes rented in this jurisdiction. The tax administration, France Travail, the CAF (Caisse des Allocations Familiales), judicial police officers, judges, and notaries have access to this information.⁩

This means that, as a French tax resident, any amount stored in an account held in your personal name is subject to seizure by the state. In other words, with this law, the state assumes the right to dispose of your personal money as it sees fit.⁩

Download the FICOBA law text:⁩

FICOBA requires French residents, whether individuals (you) or legal entities (your company, your bank), to declare to the government all bank accounts of which they are aware. In the event of non-declaration, the government reverses the burden of proof and assumes the right to seize their contents.⁩

DAC6⁩

The State is counting on your ignorance, and more specifically on your economic illiteracy. It refers you to tax lawyers, notaries, and other wealth management advisors. All will sell you solutions within the State to lock you down, while they will place their own assets abroad, sheltered from the State. At the slightest problem, they will spill your information without the slightest hesitation. Let us never forget that these professions are regulated by the State. In other words, they are dependent on the State. A regulated professional who does not respect the State's political and fiscal orientation would have their license revoked, and therefore lose their livelihood. These professions are slaves to the State. They are agents of the State.⁩

Since the DAC6 law (Directive on Administrative Cooperation, Version 6), these quasi-civil servants have literally become the eyes and ears of the State. These informers are obliged to archive and report to the State any scheme that even remotely resembles tax evasion. If they refuse to cooperate, they are subject to a dissuasive fine of 100 000 EUR. On the contrary, if they report you, they receive a bonus for having snitched on you. They are objectified for reporting you. Informing is their new core business. The simple fact of telling them about your projects puts you at risk. The professional secrecy formerly linked to these professions no longer exists.⁩

Download the DAC6 law text:⁩

Since the DAC6 law, you can no longer trust tax professionals, since their profession is regulated by the state. You must build your tax expatriation project by relying on external resources, independent of the state you are seeking to flee.⁩

AEOI / CRS⁩

On December 31 of each year, your financial institutions (banks, brokers) are required to report the balance of all your accounts to your tax residence jurisdiction. For example, if you have deposited 10 000 EUR in a bank abroad, the jurisdiction in which you pay taxes will be informed. These flows are automatic. This automated exchange of information is called CRS (Common Reporting Standard), and is part of a broader standard called AEOI (Automatic Exchange of Information).⁩

Many jurisdictions have subscribed to AEOI / CRS :⁩

Download the interactive map of AEOI / CRS jurisdictions:⁩

Download the list of AEOI / CRS jurisdictions:⁩

Download the CRS Guide (326 pages):⁩

Download the 2023 CRS Guide extension, with Crypto (139 pages):⁩

Download the CRS questions and answers:⁩

Download the CRS questions and answers on opaque structures:⁩

Download the list of CRS jurisdictions disclosing opaque structures:⁩

Knowing that the amount in your bank account is revealed each year, you might be tempted to move that money to another account. However, that other account will also have to report the money you deposit into it. And so on. It's a never-ending loop. However, there are ways to optimize CRS.⁩

Download the CRS Optimization Guide:⁩

Knowing how to bypass CRS is a basic strategy for protecting your privacy.⁩

CFC⁩

CFC (Controlled Foreign Corporations) are designed to prevent tax evasion through the use of subsidiaries. If an offshore company is owned above a certain percentage (which varies by jurisdiction) by a local tax resident, then the company will be recognized as locally taxable.⁩

For example, if a person (natural or legal), a tax resident of jurisdiction A, holds more than 50%⁩ of the offshore company founded in jurisdiction B, then this offshore company may be considered by jurisdiction A as a tax resident of jurisdiction A.⁩

The CFC Rules are regularly used by the administrative authority. They apply in particular to parentage schemes, when a local company holds significant shares in a foreign company in order to transfer local profits to the foreign company.⁩

CFC penalties vary by jurisdiction. For the French Socialist Republic:⁩

• 100 000 EUR fine per year⁩

Download the CFC Optimization Guide:⁩

When setting up a company abroad, it's important not to make the mistake of falling foul of the CFC Rules. There are effective ways to protect yourself.⁩

FATCA⁩

FATCA (Foreign Account Tax Compliance Act) is a US law targeting US tax residents. It requires the disclosure to the US of the beneficial owners of legal entities created abroad. This file is automatically transmitted to US partners, including the European Union.⁩

The FATCA penalties are:⁩

• 10 000 USD fine per year⁩
• 50 000 USD fine per year for repeat offenses⁩
• 40%⁩ fine on concealed amounts⁩

Download the US FATCA Guide:⁩

Download the FATCA law in the French Socialist Republic:⁩

Download the tax administration's commentary on the FATCA law in the French Socialist Republic:⁩

Download the FATCA Optimization Guide:⁩

FBAR⁩

FBAR (Foreign Bank and Financial Accounts) is a US law. It requires you to disclose to the US your bank and stock accounts on a form called FinCEN (Financial Crimes Enforcement Network) Form 114.⁩

The FBAR penalties are:⁩

• 10 000 USD fine per year⁩
• 50%⁩ fine on the amounts concealed (Minimum: 100 000 USD)⁩

Download the FBAR Guide:⁩

EOIR / MLAT⁩

MLAT (Mutual legal Assistance Treaties) are international agreements that allow jurisdiction A to requisition the resources of jurisdiction B. Jurisdiction A can, on a case-by-case basis, mobilize the police and judges of jurisdiction B. These cooperation agreements were initially used to combat organized crime. They are now regularly used in the fight against tax evasion. These agreements are now used by states to terrorize individuals seeking to protect their assets.⁩

MLAT are part of an international cooperation framework called EOIR (Exchange Of Information on Request).⁩

For example, there are MLAT between the French Socialist Republic and the USA.⁩

The Central Authority of the Requested State shall make all necessary arrangements for a request to be presented to its competent administrative and judicial authorities for execution (...) The Requested State shall execute a request for the search, seizure, and delivery of any item to the Requesting State if the request includes the Information justifying such search under the laws of the Requested State.

Download the MLAT between the French Socialist Republic and the USA:⁩

Many jurisdictions have subscribed to EOIR / CRS :⁩

Download the interactive map of EOIR / CRS jurisdictions:⁩

Download the list of EOIR / MLAT jurisdictions:⁩

Knowing about the existence of MLAT between your jurisdiction of residence and the one where you own assets is an asset. In addition to the powers granted by these agreements, this allows you to anticipate, qualify, and quantify the level of risk of seizure of your assets. Preferably, store your assets in jurisdictions that do not have any MLAT with your tax residence.⁩

Download the MLAT Optimization Guide:⁩

KYC⁩

KYC (Know Your Customer) is a directive implemented by the USA. This law requires banks to verify all transactions, both inbound and outbound. Banks that refuse are no longer granted access to the US market. Since the US dollar is the main currency, the USA has managed to impose this legislation on the entire world.⁩

Every time you receive or send money, you must request permission from your bank. It is required to ask you for the purpose of the transaction, as well as a series of supporting documents. If the bank considers the supporting documents to meet the legal obligations imposed on it by the United States, it may decide to accept the transaction. Otherwise, your transaction will be declined.⁩

Consider this bureaucratic obligation for what it really is: an insidious form of trade control, cloaked in spying on your commercial and industrial activities.⁩

Acceptable supporting documents:⁩

• SSA (Service Supplier Agreement)⁩
• Bill⁩
• Legal proof that the business partner exists⁩
• Business Partner Contact Details⁩
• Cash flow diagram explaining your business⁩

Download a SSA template (UK):⁩

Download a SSA template (FR):⁩

Download an invoice template in English:⁩

Download an invoice template in French:⁩

Download a business partner proof of existence template:⁩

Download a cash flow diagram template explaining your business:⁩

Understanding how KYC works is essential for handling US dollars. To circumvent KYC, you might be tempted to switch to cryptocurrency. Note that all exchanges will be required to implement KYC by 2027. Failure to comply with KYC risks seriously limiting the convertibility of your assets. However, the principle of a currency is precisely to be able to exchange it for other currencies, goods, or services.⁩

Defense in depth⁩

The principle of defense in depth consists of aligning, one after the other, several layers of individually permeable protection, in order to obtain overall impermeable protection.⁩

One way to visualize this system is to use a slice of Gruyère cheese to model a layer of personal protection.⁩

A slice of Gruyère cheese, on its own, is soft and full of holes. On its own, it offers very limited protection.⁩

However, by stacking several slices of Gruyère, of different sizes and from different sources, we see that the holes in the first slice are filled by the following slices.⁩

Indeed, each layer of protection has its own vulnerabilities, but in different places.⁩

By using a layer of protections, the system as a whole becomes impervious to attacks.⁩

This composite strategy, effective and resilient, is frequently used in IT.⁩

It is known as the Swiss Cheese Model of Accident Causation, or Swiss Cheese Cyber Security Defense-in-Depth Model.⁩

You should take inspiration from this Defense in Depth model to build your offshore strategy.⁩

Offshore Tax Residency⁩

Tax residence is assessed according to rules specific to each jurisdiction.⁩

In the French Socialist Republic:⁩

Download the text of the law on tax residence:⁩

You are qualified as a tax resident in France if, during a tax year:⁩

• You spend most of your time in the French Socialist Republic⁩
• You have a source of income mainly in the French Socialist Republic⁩
• Your economic interests (expenses, gains, assets) are mainly in the French Socialist Republic⁩
• Your declared family unit (you + spouses + children + parents) is mainly resident in the French Socialist Republic⁩

The judge has the power to interpret. It is best to consult case law to determine which situations have, in the past, triggered a reclassification of tax residence.⁩

The principal place of stay is understood to be the majority jurisdiction during a tax year. The number of round trips or consecutive days is irrelevant. Only the total counts.⁩

The family constitutes an anchor, since it represents a common fiscal unit.⁩

As soon as you opt to declare a spouse, and that spouse resides primarily in the French Socialist Republic, you run the risk of 50%⁩ of your tax household being tax residents in the French Socialist Republic. This situation is reinforced for each child you declare who follows this logic of time spent primarily in the French Socialist Republic. Thus, the larger your family grows, the more it becomes a tax burden. Separating yourself from your family, both administratively and fiscally, is a necessity. This should be among your priorities.⁩

Telephone bills allow the state to know in which jurisdiction your tax household resides most of the time.⁩

An economic activity (expense) or remunerative activity (gain) taking place mainly in the French Socialist Republic is also a triggering element.⁩

The State declares that being the owner of a foreign company makes you taxable.⁩

Despite all logic, in particular regarding the separation of jurisdictions, sovereignties, legal systems, international law, and responsibilities and persons (natural person / legal entity), the State may thus consider that income earned abroad by a foreign entity would be taxable in the French Socialist Republic.⁩

On the contrary, these case laws have established the absence of French tax residence:⁩

Download the tax administration's commentary on tax residence:⁩

Don't think you can live in jurisdiction 1 and make them believe you are domiciled in jurisdiction 2. There are many electronic traces that betray your presence in jurisdiction 1.⁩

Some jurisdictions have access to the following in particular:⁩

• Water bill⁩
• Electricity bill⁩
• Internet bill⁩
• Phone bill⁩
• Declaration of co-ownership⁩
• Housing tax⁩
• Property tax⁩
• DNS Internet (Ex: DNS Orange)⁩
• Telephone boundary marking (e.g. Orange antennas)⁩
• Air passenger lists: PNR (Passenger Name Record)⁩
• ATM withdrawals⁩
• Use of bank card (commerce or online)⁩
• Schooling of children⁩
• Social assistance (Allowances)⁩

Download a table of people who have tried unsuccessfully to cheat on their tax residency:⁩

Obtaining a favorable tax residence requires dedication. Strictly follow the law. Don't leave any ties behind (spouse, children, home, business) that could betray you.⁩

Double Tax⁩

Double taxation occurs when you become a tax resident in more than one jurisdiction. This can happen, for example, if you exceed the number of days qualifying as a tax resident in those jurisdictions in a single tax year, or if you meet any other condition qualifying you as a tax resident in those jurisdictions. In this case, your cash will be taxed multiple times, in both jurisdiction 1 and 2. Note that there is no limit to the number of jurisdictions that can simultaneously tax you, so you could very well be subject to double, triple, or quadruple taxation. You want to avoid this at all costs.⁩

Bilateral international treaties (between countries) help prevent this phenomenon. These texts are called double taxation agreements. When respected, they allow you to be taxed in only one jurisdiction, generally the most confiscatory.⁩

Excerpt from a tax treaty with the French Socialist Republic:⁩

Download the list of double taxation agreements with the French Socialist Republic:⁩

Although you could become stateless, this radical solution would expose you to significant constraints, both in terms of administration (e.g., property, rental, company creation, opening a bank account, etc.) and mobility. Statelessness is therefore not a solution.⁩

Perpetual Traveler⁩

The Perpetual Traveler (or Perpetual Tourist) never lingers in a jurisdiction. This is to ensure that they never become a tax resident. The criteria for qualifying as a tax resident vary depending on the jurisdiction. Some jurisdictions, such as the USA and Eritrea, have a tax system based on nationality (including a Green Card). Others, such as the French Socialist Republic, are based on the principle of temporal and economic majority, or failing that, nationality. Most of the time, qualifying as a tax resident requires a minimum period of presence in the jurisdiction. When this is the case, this period generally ranges between 120 and 182 days. By never staying more than 120 days in a jurisdiction during a tax year, in territories that practice this qualification, and by unsubscribing from the tax resident register of those that do not, you can legally avoid becoming a tax resident of these jurisdictions. This involves visiting a minimum of four jurisdictions per tax year.⁩

This could, however, involve renouncing your nationality. Especially if it makes extensive use of double taxation treaty mechanisms. The real and secret objective of these treaties, as you will have understood, is to tax you in the jurisdiction with the highest taxation.⁩

Most jurisdictions around the world do not have double taxation treaties. If you acquire citizenship in a jurisdiction without a network of double taxation treaties, you can exploit this lack of sprawling tax system to your advantage.⁩

When properly implemented, the Perpetual Traveler Nomadism Scheme allows you to be a tax resident of zero jurisdictions. As an individual, your income tax is 0%⁩.⁩

Here is a concrete example:⁩

• Nationality in Singapore⁩
• 3 months rental in Monaco (no income tax, but stay less than 183 days, therefore no tax residency)⁩
• 3 months rental in the United Arab Emirates (no income tax, stay less than 183 days)⁩
• 3 months rental in Singapore (no tax residency, as less than 183 days and no local economic center of interest)⁩
• 3 months charter on a ship (yacht, cruise, tanker) in international waters (no tax jurisdiction, but riskier than dry land)⁩
• Offshore company in the Cayman Islands (zero corporate tax) offering international services, carried out locally and therefore not subject to withholding tax in the invoiced jurisdictions⁩
• Offshore bank accounts⁩

With this example, you pay no tax, because:⁩

• You are not a tax resident of any jurisdiction⁩
• Your income is not linked to a taxable jurisdiction⁩
• Your nationality does not tax you on worldwide income⁩

The other advantage is that it's difficult to find you. Since you're constantly traveling and have no fixed address, the government and your creditors have a hard time reaching you. However, this can backfire if you need to renew your identity card or passport. These official documents are required if you plan to travel by air with public carriers, or in the event of an unannounced check in the jurisdictions you're visiting. A permanent mailbox is therefore recommended. If necessary, make sure to register this address in a favorable jurisdiction.⁩

The Perpetual Traveler strategy, while perfectly valid, forces you to become a nomad. You must constantly pack your bags and move. While it can be enjoyable to visit many different countries, and sometimes even very convenient (depending on the need of the moment, you're close to the best hospital, the best restaurant, and you benefit from a perpetual summer by changing hemispheres), the logistical and mental burden of having to move every 3 months may ultimately prove unbearable. Especially if you have a family, many personal belongings to store, or are a person with reduced mobility or at the end of their life. Not everyone has a permanent mobile home such as a camper van or a yacht. These would be cumbersome anyway if you wanted to fly.⁩

Flying requires minimal luggage, with reduced and codified dimensions. Weight is also regulated. You certainly can't take your house with you. These dimensions vary depending on each airline.⁩

Download the baggage dimensions allowed for flying:⁩

Becoming aware of these constraints allows you to know if you are made for this life of eternal nomadism.⁩

Furthermore, frequent air travel requires establishing a dedicated budget. It's best to book your tickets on an airline's website to ensure easy reimbursement in the event of cancellation. However, before this eventuality, and to select the right airline, it would be wise to compare the prices offered by each airline. Price differences can sometimes reach several hundred euros for a single ticket. Over the course of a lifetime as a perpetual traveler, using a price comparison site translates into savings of several tens of thousands of euros.⁩

Visit this site to compare ticket prices:⁩

As a nomad, the Perpetual Traveler forces himself to own nothing. Not even a wardrobe. His life must fit into a suitcase. This monastic life is not within everyone's reach. For most people, this iron discipline takes the form of a constraint that is difficult to reconcile with other life goals.⁩

Staying connected while traveling is a necessity. However, if you use your mobile plan from jurisdiction A within jurisdiction B, you are exposed to a penalty called roaming charges. This overcharging can reach prohibitive amounts, ranging from +30% to +15 000%. Whether you're calling, surfing, or accessing your emails or airline tickets, you need to be able to access a local connection in just a few clicks, at the best possible rate. This capability is made possible by using, for example, a partner capable of deploying eSIMs worldwide.⁩

Use this partner to reserve your eSIM at a reduced price (Discount: -5%):⁩

Finally, the Perpetual Traveler is sometimes required to visit remote regions. This risky activity requires excellent health insurance. This insurance must be particularly mobile and able to follow you anywhere in the world.⁩

Travel Health Insurance⁩

To obtain a visa, in other words a right to enter their territory, certain jurisdictions will require you to present them with valid international health insurance.⁩

Your goal, considering it's just an administrative tool, is to get the cheapest insurance. Most international health insurance plans cost between 500 EUR and 3 000 EUR per year.⁩

The advantage of these insurances is that they cover the most significant costs, such as involuntary hospitalization, and leave you responsible for smaller health expenses.⁩

If you are careful, this allows you to save several tens of thousands of euros on the cost of compulsory state health insurance (financed by your taxes).⁩

In some countries, such as Thailand, the quality of hospitals is often superior to that of the Western world. Thailand boasts modern hospitals. The comfort rivals that of some top-tier hotels. The equipment is state-of-the-art. Healthcare staff are plentiful and available. You can get an appointment the same day, or within 24 hours.⁩

To help you choose your international travel health insurance, we have selected a few approved companies offering this type of service at a lower price.⁩

Subscribe to one of these health insurances to guarantee obtaining your visa:⁩

Now that your international insurance concerns are out of the way, let's discover some interesting tax residencies.⁩

Tax Residence Paraguay⁩

Paraguay has a territorial tax system. This means that you do not pay income tax on profits from a foreign source (from a jurisdiction other than Paraguay). As an individual, your income tax is 0%⁩.⁩

One of the advantages of having a tax residence in Paraguay is being able to provide this information when opening a bank or brokerage account. The information required by the CRS (Common Reporting Standard) automatic feeds is thus sent directly to this jurisdiction.⁩

Obtaining tax residency in Paraguay is fairly straightforward. There are agencies that organize a three-day round-trip tour to sign a few documents (bank deposit, local lease). Administratively, you will be considered a resident of Paraguay for more than 120 days. By doing so, you will automatically qualify as a Paraguayan tax resident.⁩

However, you will have to make a trip every 3 years in order to maintain your right to temporary residence in the territory of Paraguay.⁩

Belize Tax Residency⁩

Belize, one of the few Central American countries whose official language is English, offers a visa called QRP (Qualified Retirement Program). Anyone holding this visa is eligible for one year (renewable) under the territorial tax system. This means you do not pay income tax on profits from a foreign source (from a jurisdiction other than Belize). As an individual, your income tax is 0%⁩.⁩

The following people are eligible:⁩

• Being over 40 years old⁩
• Proving monthly income greater than 2 000 USD generated outside Belize⁩
• Not working in Belize⁩
• Having a clean criminal record⁩
• HIV negative (not having AIDS)⁩

Any eligible person can include in the QRP program their spouses, as well as their children under 18 years of age and children under 23 years of age if enrolled in a university.⁩

The documents required for the QRP are:⁩

• Application form (request form) for each family member⁩
• Notarized birth certificate for each family member⁩
• Notarized marriage certificate⁩
• Original criminal record from the last place of residence (issued one month before the application).⁩
• Color copy of the entire passport (including all blank pages). Each page must be certified and stamped by a notary. For each family member.⁩
• Proof of income. Official statement from a bank in the country of residence certifying a monthly income of at least 2 000 USD per month, or 24 000 USD per year, through a pension or annuity generated outside Belize⁩
• Medical examination and AIDS test for each family member.⁩
• Four full-face passport photos, including 2 notarized, for each family member.⁩
• Four passport photos, including 2 notarized, for each family member.⁩

The fees are as follows:⁩

• Application Fee: 1 000 USD⁩
• Fee for each dependent: 750 USD⁩
• QRP ID Card Fee: 200 USD, per card⁩
• QRP ID Card Renewal Fee: 25 USD, per year, per card⁩

Once approved, QRP recipients must open a local bank account and deposit their monthly pension funds. The Belize Tourism Board will request annual bank statements to prove income and compliance with the retirement program.⁩

In practice, this means you need to deposit 24 000 USD each year. However, there's nothing stopping you from withdrawing these funds and reinvesting them in the same bank later. You can definitely maintain your QRP by rotating this 24 000 USD from year to year.⁩

After 1 year of residence (less than 14 days outside the country), you can apply for permanent resident status.⁩