Sark Island - a secret low-tax haven in Europe

[@TheWanderingInvestor]

📌 To find out everything about Sark Residency: www.swen-lorenz.com/move-to-sark/aff/25/ 📌 Sign up to Swen's free newsletter: www.undervalued-shares.com/aff/25/

[@keirmuray]

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!

[@CommodityCulture]

Fascinating, always something unique to see on this channel 👍

[@miguelnuno928]

Very true

[@fritzmetzger22]

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

[@tonym3712]

😂😂😂

[@realsamuelhawley]

Really interesting. Another first-rate video, Ladislas!

[@jgm3620]

Great Video, Great peolpe. I love this kind of Island, great project. I already wait for the next update 😀

[@mcqueennewman3936]

Maurice ! you the best always !

[@cheetham1982]

I’ve visited Sark, it’s very pretty and unique,no cars or trucks just horses and tractors. We called into what I think must be the only pub on the island and the beer then was a lot cheaper than the Uk, I was surprised, Black Sheep bitter and it was lovely.

[@cheetham1982]

I was wrong there are at least two further pubs on the island!

[@flowplanet429]

i would love to move there but the cost of housing is high and there is a high demand for housing..

[@vintagerahul]

Thanks for the great video. Are they trying to come up with more residency options in the future?

[@TheWanderingInvestor]

They seem to want to focus on the Irish / UK market

[@lilaccilla]

@@TheWanderingInvestorBut the people on Sark do not want a bunch of people living there

[@dannjp75]

@@TheWanderingInvestorno, they focus on the local market.

[@DJ-uk5mm]

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

[@MyLatinLife]

Really cool!!

[@lilaccilla]

Only want people there who can preserve it and keep it the way it is

[@dannjp75]

Damn straight. Basically, If you’re an investor or aren’t king about moving to sark, DONT! YOU WILL NOT BE WELCOME!

[@AnnSisuLiv]

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. 😂

[@xyork]

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!

[@AnnSisuLiv]

@@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.

[@dannjp75]

Like bollocks.. Sark is a lovely place, don’t want it ruined by annoying Americans.

[@dannjp75]

@@xyorkutter rubbish. You have no idea what you’re talking about.

[@dannjp75]

@@AnnSisuLivshut up, you have no fucking idea what you’re talking about.

[@J0HN_3_16]

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?

[@TheWanderingInvestor]

Citizenship is possible if you register and spend at least 90 days per year on the Island.

[@ywueeee]

@@TheWanderingInvestor and how many years? do you get the crown passport?

[@TheWanderingInvestor]

@@ywueeee 5 years. You channel a channel islands / crown passport. Swen sells a book in which he explains everything. The link is in the description.

[@ywueeee]

@@TheWanderingInvestor 699$ is too expensive just to figure out few small things, not sure gatekeeping in this way will help grow the population imho

[@TheWanderingInvestor]

@@ywueeee feel free to google 👍

[@TopDigitalEntrepreneur]

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.

[@JoeKies]

I am a Papua New Guinean and I'm interested to move to Sark, what are some of the requirements I have mo meet inorder to move there?

[@dovygoodguy1296]

Congratulations on growing your hair back, Ladislas! 😉

[@TheWanderingInvestor]

Lol

[@anthonyharris7780]

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.

[@rondamon4408]

How can I setup a company in Sark?

[@bramin420]

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

[@mattball7074]

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?

[@TheWanderingInvestor]

As an Irish you can just move there. No requirements.

[@mattball7074]

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?

[@TheWanderingInvestor]

@@mattball7074 Tough, you would need to be a dependent.

[@mattball7074]

@@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

[@xyork]

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

[@shane8793]

Does sound like a very diverse place.

[@tonym3712]

How strict were Covid restrictions in Sark and do they accept cash in stores across the island?

[@TheWanderingInvestor]

Strict 2 week quantantine when entering the island. Cash is accepted everywhere.

[@tonym3712]

@@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?

[@TheWanderingInvestor]

@@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.

[@tonym3712]

@@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.

[@TheWanderingInvestor]

@@tonym3712 I hear you. But the Paraguay project has serious financial issues which they have disclosed. Do your own due diligence.

[@pepecow235]

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.

[@dannjp75]

No.

[@pepecow235]

@@dannjp75 too bad..

[@arturogonzalez9555]

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.

[@mr.gorillaz8449]

loved it

[@vinnyOdea878]

Does it have its own banking system or is it connected to the uk?

[@TheWanderingInvestor]

It has a single branch. Most people bank in Jersey.

[@freeradical1567]

How about a Retirement Visa for people from other nations?

[@TheWanderingInvestor]

Nope. Unfortunately not.

[@VERTICALWisdom]

Can you bank in Sark?

[@TheWanderingInvestor]

In Jersey and Guernsey 👍

[@xyork]

There are two banks on Sark: HSBC and Natwest.

[@iamlearner1]

Hi I am from India How to start investing in island Pls guide . Hoping your positive response 👍

[@jacquesmertens3369]

It's all explained in the video. You're obviously not the right candidate.

[@simonchilli2088]

What about no cars on the island? That might not suit some people.

[@Dom-fw7nz]

Cars would probably ruin the atmosphere that they're going for on the island. A good alternative is electric carts, like that little town in Switzerland where cars are banned. I've been in a town in Uruguay where they allowed people to drive golf carts all over the roads and it was a really enjoyable way to get around. Other than that, good cycling and walking infrastructure would be nice.

[@8563robbie]

There will never be cars on Sark. That's a cultural foundation of the island.

[@8563robbie]

Sark was very appealing to German visitors in 1940.

[@TheWanderingInvestor]

@@8563robbie 😅

[@8563robbie]

@@TheWanderingInvestor - Sorry, I couldn't resist...

[@frankvanhooft3927]

Is freedom a word used to describe people not willing to pay their fair share for the society in which they live?

[@TheWanderingInvestor]

@@frankvanhooft3927 there are literally barely any government services. It’s the definition of fair share.

[@frankvanhooft3927]

@ customs, coast guard, health, the courts, diplomatic service, security….need I go on?

[@TheWanderingInvestor]

@@frankvanhooft3927 guess what, these services don’t really exist there. So no/low taxes. Bliss.

[@frankvanhooft3927]

@ The Channel Islands (which include Jersey, Guernsey, Sark, and Alderney) are British Crown Dependencies, meaning they are not part of the United Kingdom but are under the sovereignty of the British monarch. They govern themselves independently but maintain a close relationship with the UK, which brings certain economic and strategic benefits. Here’s how the Channel Islands benefit from their connection to the UK: 1. Defense and International Representation • The UK is responsible for the defense and international representation of the Channel Islands. This means the Channel Islands don’t need to maintain their own military or pay for the costs associated with national defense, as these are handled by the UK. In return, the Channel Islands contribute to the UK’s defense and administration costs, though this contribution is relatively modest compared to the services they receive. 2. Access to UK Markets and the Financial Sector • The Channel Islands have access to UK markets and operate under a framework that allows them to act as international financial centers, specializing in services like offshore banking, investment funds, and insurance. The UK’s stable legal and political system contributes to the credibility and attractiveness of the Channel Islands’ financial services sector. 3. Legal and Financial Stability • By aligning themselves with the UK, the Channel Islands benefit from the stability of the UK’s regulatory and legal systems, which enhances their reputation as secure, well-regulated financial centers. This attracts international businesses and high-net-worth individuals, boosting their economies. 4. Tourism and Transport Links • The Channel Islands benefit from their proximity to the UK, which is their primary source of tourists. The UK’s transport infrastructure (airports and ferries) helps support regular travel and tourism between the islands and the UK, which is a significant source of revenue for the islands. While the Channel Islands are financially independent and generate most of their income through taxes on local businesses and financial services, the indirect support and stability provided by the UK contribute to their economic success. In return, they help the UK through reciprocal arrangements and contributions to defense and international representation, though these are minimal compared to the benefits they gain.

[@pwood6532]

❤do you need a vet?are there many cats and dogs on the island?

[@milo23-v4s-z7y]

😮❤ 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?

[@Moon-Labs]

It would be such a shame to term Sark into Guernsey....

[@jamesmcdonnell5617]

What is the down side with Guernsey?

[@bobsmalser8304]

Retirement haven. No shortage of self-sufficient retired Americans if you make it attractive for them.

[@walex5462]

Seems like they want workers not pensioners. Try listening to the video and it is pretty clear. They want Brits and Irish and maybe some scandinavians. They just can't come out and say it. Listen to part where they talk about germans and french and "culture".