The location independent lifestyle as known by Digital Nomads and Perpetual Travelers requires diligence. Assumptions that identical moral, legal and financial standards are equal everywhere are untrue and can get the novice into serious trouble. It is crucial to appreciate the differences between personal preferences and the possibilities one can find in individual states. As such the flag theory and perpetual traveling is a philosophy. This philosophy must be tested, and theory does not always resonate with the options available in a particular environment. Therefore, appropriate research is needed to utilize the theories as expressed on this website.
In a global setting where individual freedom prevails, people may seek optimization of different parts of their life. In a borderless society, individuals can choose location independent resources to manage their life, business, and wealth. Following the ‘flag theory’, individuals may wish to shop for appropriate solutions for their activities. These flags narrate to countries, or in legal terms, jurisdictions. Choices for jurisdictions often lead to different locations per sector.
Sectors and flags relate to passport and citizenship, business registration, residence and domicile, asset management, and virtual administration. In a traditional setting, people choose to manage their life in its social proximity. From a commercial perspective, this is not always the most beneficial choice. People go on holiday to places distinct from their natural environment. They buy products on international market places and may invest with foreign brokers. The perpetual traveler utilizes the concept of personal and economic freedom to a higher extent. They look for the best location to manage every aspect of their life and thus create ultimate freedom and personal sovereignty.
Perpetual travelers and digital nomads seek the best location for each sector. Local requirements determine whether a perfect match is possible. This approach urges flexibility and mobility since local frameworks change from time to time and may require a location change for compliance purposes.
The original flag theory was prompted several years ago. Yet, the recent upswing of the digital nomad and location independent work by the millennial generation, increased interest in the administrative side of the flag theory. To accommodate on this quest for reliable information, and avoid that interest and actions lead to legal challenges, this website provides detailed descriptions that cover different aspects of the flag theory.