Ever wondered how today's entrepreneurs navigate the labyrinth of
international tax and immigration laws to ensure the success and
security of their ventures worldwide?🌍🚀
Join us on this episode of the Risepreneur podcast as we explore this
fascinating topic with David Lesperance, founder of Lesperance &
Associates, and gain insights into crafting strategic international
plans for business resilience.
The conversation explores the evolving landscape of employment,
emphasizing the transition to a global gig economy and the diminishing
loyalty to lifelong employers. We discuss the burgeoning opportunities
for entrepreneurs to establish businesses and reside anywhere globally,
underlining the importance of comprehensive planning.
David sheds light on various options available to secure second
residencies and citizenships, likening them to a form of "fire
insurance" for business owners. We delve into the complexities of U.S.
expatriation and its tax implications, highlighting the significance of
meticulous planning for tax efficiency.
Join us as we explore the intricacies of international tax and
immigration, and discover the importance of adopting a holistic approach
to relocation for entrepreneurial ventures.
📌 Key Takeaways:
Global Gig Economy: Learn about the shift towards a global gig economy
and how it impacts entrepreneurial opportunities and remote work
flexibility.
Strategic Planning: Understand the importance of strategic planning in
securing second residencies and citizenships as a form of "fire
insurance" for entrepreneurs.
Tax Efficiency: Gain insights into navigating U.S. expatriation and its
tax implications, and discover strategies for maximizing tax efficiency
in international business operations.
Passport Portfolio: Explore the advantages of creating a passport
portfolio and the benefits it offers in terms of mobility and business
resilience.
00:00 Introduction to the Risepreneur Podcast
00:28 Meet David Les Brands: International Tax and Immigration Expert
00:59 The Shift to a Global Gig Economy
01:53 The Changing World and Remote Work
05:20 Second Residences and Citizenship as Fire Insurance
07:43 Understanding U.S. Expatriation and Tax Implications
10:08 Planning for Expatriation and Tax Efficiency
21:53 The Benefits of a Passport Portfolio
28:29 Life Inertia and the Impact of COVID
32:40 IRS Audits and Expatriation Decisions
33:24 Historical Anecdotes and Family Mottos
36:08 Family Sacrifices and Immigration Stories
37:39 Tax Law and Lineage Citizenship
39:55 Understanding Tax Implications and Dual Citizenship
41:32 Custom Solutions for Relocation and Business Needs
47:26 Navigating International Business Challenges
52:15 The Importance of Backup Plans and Alternatives
01:00:01 Conclusion and Contact Information
Elevate your business with Boruch Akbosh, your expert guide in strategic
acquisitions and maximizing business value. With over 15 years of
experience at Akbosh Investment Group, Inc., Boruch specializes in
transforming business aspirations into substantial realities.
Are you planning for retirement or aiming to enhance your business's
potential? Boruch provides customized strategies to preserve your legacy
and ensure continued success.
Seize this chance to achieve the best for your business. Book a
discovery call with Boruch now at
https://www.linkedin.com/in/boruchakbosh/ and start your journey toward
business excellence today!
Connect with David through these platforms
Email: [email protected]
Company website: https://lesperanceassociates.com
Linkedin:
https://www.linkedin.com/in/davidslesperance-residency-citizenship-taxation-lawyer/
#Entrepreneurship #BusinessGrowth #RemoteWork #GlobalBusiness #InternationalTax #ImmigrationLaw #TaxPlanning #ExpatLife #Citizenship #SecondPassport #FireEscapePlan #FinancialFreedom #GlobalMobility #BusinessStrategy #WealthManagement
