Sark Island - a secret low-tax haven in Europe
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- Опубліковано 9 чер 2024
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I had a chat with the Seigneur of Sark Island as well as Swen Lorenz, who are working on various projects on Sark Island, a near-0% tax jurisdiction in the Channel Islands.
📌 First video on Sark with Swen: • 0% income tax in Europ...
00:00 Introduction
01:45 What is special about Sark Island
03:00 Taxes on Sark Island
03:40 570 inhabitants on Sark Island
04:25 Adapting to life on Sark
08:27 Real estate on Sark
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
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The reason that you are having trouble attracting new blood is the price of the properties. One house is for sale for £595k with a 55 year lease. I don't know what 'Baker' could afford to buy a property, fit it out, then buy or rent somewhere to live. Madness!
As someone who tried living in Malta and found it too boring, Sark sounds like absolute hell. It's not easy building a community but I hope they make it
😂😂😂
On the contrary, Sark is one of the nicest places on Earth.
Really interesting. Another first-rate video, Ladislas!
Fascinating, always something unique to see on this channel 👍
Very true
Great Video, Great peolpe. I love this kind of Island, great project. I already wait for the next update 😀
Maurice !
you the best always !
Really cool!!
Only want people there who can preserve it and keep it the way it is
loved it
I wanted to move there for years ago, but I didn’t like the idea of leasing property. I was surprised to learn from this video that one can now acquire freehold. I love the idea I will visit I would like that meeting with the signior
Thanks for the great video. Are they trying to come up with more residency options in the future?
They seem to want to focus on the Irish / UK market
@@TheWanderingInvestorBut the people on Sark do not want a bunch of people living there
Congratulations on growing your hair back, Ladislas! 😉
Lol
Does sound like a very diverse place.
Good to know ab out Sark in more detail. Heard about it in the past but never went there. This got me interested to go visit Sark soon.
Open it for Americans and I'll come and run any business you need. I looked into moving there 20 years ago when I had to request a book about it. 😂
It's open. You just need one of several visa categories (entrepreneur visa, investor visa, writers, composers and artists visa), or a work permit. Not too difficult to get the right visa if you are serious about living there. Open a bakery, relax and enjoy!
@@xyork Their bakery closed and is currently for sale due to lack of population. It seems they need construction businesses first to increase and repair housing.
Like bollocks.. Sark is a lovely place, don’t want it ruined by annoying Americans.
@@xyorkutter rubbish. You have no idea what you’re talking about.
Tiny island - probably akin to living on one of the smaller Scottish isles so will suit some who would enjoy that kind of life. To survive you will probably need to muck in with others and have a multiple of jobs. Not sure about ferries to the other Channel Islands or France or England.
It's the same as living in a big house all you life then go and live in a 500 Sq ft. house. It's a novelty at first but then you'll have the need to stretch out. Eventually you'll leave.
Thank you for writing about Sark. Until now, the only one discussing Sark was W.G. Hill of Scope International. Is citizenship or permanent residency available?
Citizenship is possible if you register and spend at least 90 days per year on the Island.
@@TheWanderingInvestor and how many years? do you get the crown passport?
@@wagmi614 5 years. You channel a channel islands / crown passport. Swen sells a book in which he explains everything. The link is in the description.
@@TheWanderingInvestor 699$ is too expensive just to figure out few small things, not sure gatekeeping in this way will help grow the population imho
@@wagmi614 feel free to google 👍
Hi I am from India
How to start investing in island
Pls guide .
Hoping your positive response 👍
Oh snap, i am an investor and would have loved to go to Sark. Starting a business is not my thing though. Could there be any special cases for being to be allowed in? I am from Belgium, speak English and want to integrate + build the community together.
No.
@@dannjp75 too bad..
local businesses only then?, only seems weird if doing OPC if hired 2 locals, i dont get it would not make money if there is 600 people
This could be a hindsight is 20/20 situation! My father is applying to be Irish-- For non brit/irish, the other requirement is create a business and hire 2 locals? Are there minimum capital requirements?
As an Irish you can just move there. No requirements.
My old man will be but not me as I don't qualify from descent; too late in the ancestry line. So I need another way, unless there's a way to accompany family there?
@@mattball7074 Tough, you would need to be a dependent.
@@TheWanderingInvestor which is either handicapped or 18 or younger I assume? May have to do the 3 years in the tyrannical republic of 🇮🇪 then. I appreciate theyre limiting to Irish and Brits though, itll get change too radically if theyre open to many
It's really NOT limited to Ireland and the UK, it's just that the cultural transition for such folk is likely to be easier. Everyone else would need to go the visa route which is not exactly foreboding for many people around the world.@@mattball7074
Does it have its own banking system or is it connected to the uk?
It has a single branch. Most people bank in Jersey.
How about a Retirement Visa for people from other nations?
Nope. Unfortunately not.
How strict were Covid restrictions in Sark and do they accept cash in stores across the island?
Strict 2 week quantantine when entering the island.
Cash is accepted everywhere.
@@TheWanderingInvestor Thank you for your reply. What I meant by covid restrictions is that was mask wearing and social distancing enforced in Sark and positively embraced by inhabitants (not by visitors) of the island?
@@tonym3712 strict quarantine for incomerz which meant Covid wasn’t an issue for people who live there and don’t travel.
But the locals would have embraced masks and all if the quarantine had not worked.
@@TheWanderingInvestor Thank you. If so then the project in Paraguay is a much more attractive alternative, at least for me. Not paying tax or just a little is a great advantage but then why would you want to save up a lot of money if you can't even spend it on a small island where there are just a few shops that sell basic items. I see a bit of contradiction here. I am not only a libertarian but I firmly oppose authoritarianism, including all sorts of restrictions whether perceived as justified or not. Sark is much closer to where I live but the project in Paraguay is a lot more fascinating for all the various reasons. Even though I dislike all military stuff, I very much like that in Paraguay anyone can own guns. Cash is freedom and so are guns.
@@tonym3712 I hear you. But the Paraguay project has serious financial issues which they have disclosed. Do your own due diligence.
What about no cars on the island? That might not suit some people.
Can you bank in Sark?
In Jersey and Guernsey 👍
There are two banks on Sark: HSBC and Natwest.
😮❤ I just watch Macedonia Skopje who can becoming a good investment, way safer place compare to Mexique….with a very good quality of air. Never been interest?