Incorporation is a prerequisite for any serious business.
You can also experience these benefits:
Banking/investment opportunities otherwise not available
Planting a flag in a strategic location
Mitigation of sovereign risk
Protection from bankruptcy, lawsuits, divorce, civil unrest, and other ‘worst case scenarios’
Access to higher risk merchant accounts
Access to funding or investment capital
The second flag of Flag Theory™ is Tax Residency, an ultra important flag to plant, as it is the basis for determining your personal taxation. Most countries tax their citizens on a residential basis – in other words, individuals pay taxes to the country in which they reside. However, there are important exceptions, as you will see below. For example, the United States and Eritrea are the only countries that tax their citizens regardless of where in the world they live.