Crypto offshoring describes the strategy of transferring cryptoassets from the investor's home country to a separate legal entity in a crypto-friendly offshore jurisdiction. This is a meaningful concept for Bitcoin and Monero, security and utility tokens, NFTs and tokenized assets, stablecoins and even the upcoming CBDC. #Cryptooffshoring is by no means self-explanatory, but the more you know about it, the more compelling it becomes. It is needed for existing crypto assets as well as for new crypto investments. The best time to act is during a crypto bear market, in other words: now.
Developed by Dr. Ulrich Eder, President of PUGNATORIUS S.A., the outcome is a highly efficient digital asset protection for #cryptomillionaires. It sounds like a traditional concept of offshore risk mitigation and wealth management. However, it is important to understand that Bitcoin offshoring can avoid the typical pitfalls and drawbacks of the traditional offshore world. It is much more than the stubborn application of old structures to a new asset class and the main pillar of the consulting firm's "Modern Digital Asset Protection Strategies". Crypto offshoring is aimed at crypto millionaires, not for the Bitcoin tourist.
For #bitcoinmillionaires, crypto offshoring has compelling advantages. It reduces or avoids surveillance and protects against bans, prohibitions, confiscations and expropriations. It has clear tax advantages compared to cryptoassets held in your home country, and is a robust and solid protection against civil law sanctions through court orders, garnishments, etc. Therefore, moving crypto offshore is not only helpful, but necessary to protect substantial cryptoassets. Sometimes you need to be prepared for the worst. But even with optimistic expectations for the future, crypto offshoring makes perfect sense.
In April 2023, the firm delivered at an international business conference in Dubai a highly regarded keynote speech on #cryptooffshoring. This presentation outlined the dangers of direct ownership of cryptoassets, now and even more in the future. The current regulatory offshore environment had been elaborated and presented and the need for cryptooffshoring had been explained in detail. Finally, the specific steps for proper implementation has been enumerated for the conference delegates.
To implement a crypto offshoring project, four cardinal questions have to be answered: (1) Why should I take the cryptos out of my secure self-custodial wallet to send them to some weird offshore location? (2) In a global crypto world, what is the point of offshoring the coins if they are still stored on the blockchain?(3) Why should I trust the dubious nominees, middlemen and agents that are inevitable in the offshore industry to store my decentralized and trustless cryptocurrencies? (4) Why is it clearly advantageous to offshore my crypto assets as soon as possible. If you can't explain this simply, you don't understand it well enough
PUGNATORIUS S.A. is an independent niche consulting practice with a focus on Modern Digital Asset Protection Strategies for Bitcoin millionaires and people whose wealth lies outside traditional banking channels. An essential part of its professional services consists of crypto offshoring advice and transaction support.
You don't have to be an escape artist or a nomad capitalist to care about the continuity and preservation of your crypto assets and take appropriate action. Everyone should consider securing cryptocurrencies and tokens in paradise while it is still legally possible. However, transferring cryptoassets from a private wallet to an offshore location sounds counterintuitive. A qualified advisor should,therefore, understand the particular circumstances and requirements for crypto offshoring.
Over the past few months, our advisory firm has gained extensive experience in assisting various crypto investors in every aspect of crypto offshoring, and it offers this unique know-how to crypto millionaires all over the world. We are ready, willing, and able to explain every single detail of the benefits, the offshore environment, the selection of appropriate partners, entities, structures, and jurisdictions. Move your digital assets not only out of sight and out of reach, but into a crypto- and tax-friendly environment.
Find out what the firm's president had to say to an exclusive audience at the conference in Dubai.
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Panamá, Panamá, Panama
PUGNATORIUS S.A. is here to empower you with the tools and knowledge you need to make informed decisions and take advantage of modern digital asset protection and wealth preserving opportunities as well as freedom tech in the digital age. Be Your Own Offshore Bank. Or use Monero.
CO-FOUNDER AND PRESIDENT DR. ULRICH EDER
PUGNATORIUS S.A. is here to empower you with the tools and knowledge you need to make informed decisions and take advantage of modern digital asset protection and wealth preserving opportunities as well as freedom tech in the digital age. Be Your Own Offshore Bank.