Latest / Beyond Sovereignty / #44 - Entrepreneurs Are Leaving Australia, But This Structure Can Save Your Wealth

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#44 - Entrepreneurs Are Leaving Australia, But This Structure Can Save Your Wealth · Beyond Sovereignty

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  Dubai, Singapore or Portugal, the family home taxed
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  the moment you are not a resident. Most Aussies are
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  starting to believe that getting on a plane is what will protect their
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  wealth. But the reality is they're not chasing a country, they're
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  chasing a tax break. There are three things that
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  you need to understand about structures here in Australia that can do
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  the exact same job without you having to leave
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  this beautiful country. So in this episode, I am going to be
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  stepping you through what that structure is so that you can
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  avoid leaving this beautiful, incredible country and still
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  build your wealth fairly. So why are you
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  leaving? Why are people leaving Australia? For
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  tax breaks. legitimately for tax breaks. It
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  has gotten so hard here from the legislative point
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  of view that having a company, a PTY, LTD, a sole trader, organisations,
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  it's just too hard. Previously, we were able to structure and
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  use trust strategies that would literally give us
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  what we would need so that we could minimise our tax and actually
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  be able to get ahead. And since the federal budget earlier this
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  year, it's just not the case anymore. And people are
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  leaving in their hundreds, thousands, maybe
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  more to get out of Australia and to go and get tax breaks from other countries.
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  But why is that? It's because they don't know about
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  the tax breaks in Australia. What if every
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  single dollar that you and your family made, you could
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  actually get an extra 30 or 70% back
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  in that one exact dollar. So
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  every 100 grand, you could be making 130 grand. Or every 100 grand,
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  you could be making 170 grand. Would that
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  be enough to keep you in this beautiful country? Okay,
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  so I got your attention, amazing. Because the only reason
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  that you're losing 30 to 70% of every single dollar is
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  because of the structure that you are in. It's either because
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  you're an income earner or it's because you've got normal companies. PTY,
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  LTDs, trusts, those kind of things set up. And when
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  you have those structures set up, it means that you are
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  legally bound to give 30 to 70% of
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  your funds, of your income, back to the ATO. Because
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  when you sign up for those structures, that is the
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  legal requirement. But Blythe, there's
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  no other way. My accountant told me there's no other way. Well,
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  it's so interesting because accountants aren't trained by
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  the ACNC, which is the Australian Charitable Not-for-Profit Commission. It's
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  a part of the government that is tax exempt. Accountants
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  are trained for the ATO. which is a part of the government that is
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  about income tax and taxable entities. It's
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  like going to your GP and asking them
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  how to cure cancer naturally. It is not a conversation that
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  they are going to have with you. They legally can't. And
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  so it's the same as when you go to an accountant and you say to
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  them, hey, how can I stop working with you forever
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  and go and work in a not-for-profit and never actually
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  need your accounting services again because I'll be an income tax exempt
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  entity? Like, they're just not there for that. It's just not
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  going to happen. You need to go and speak to people that are actually in
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  the not-for-profit space and see how much money they
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  are saving and see how much money they are able to allocate
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  into their dream projects. And if you don't
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  want to do any of that, do you know where you can go? You can do this right now for free. I
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  want you to get out your phone or write in your notes, ACNC, or
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  literally go and speak to your, put this as a prompt to go and speak
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  to Chachapiti or to Claude or to your AI agent and
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  literally say, go and look up the billion dollar brands that
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  are running through the ACNC right now as
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  charities and give me their financial reports. and
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  you can literally see how they spend every single dollar and
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  they are saving not hundreds of thousands, not
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  hundreds of millions, but hundreds of billions to
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  spend on things that would probably make you sick and
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  that's why I like to help people because everybody
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  that's watching this is generally a really kind-hearted, beautiful
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  person that has really great hopes and visions that
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  they wish would happen in their lifetime. And the thing is that's so
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  heartbreaking is that most of you have had
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  that idea crushed so much that you're just like, it's not even going to
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  happen in my lifetime. I am not gonna see the change
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  that I want and I am actually scared to
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  leave my children in this world because it's not going how
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  I want it and how I think is
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  actually ethically viable for a future for my
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  grandkids to even survive. And that's the truth because
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  you haven't stepped up yet. Not enough of us kind-hearted, good
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  people have actually stepped up and stepped into the
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  impact that they want to create because they don't have the time, they don't have
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  the energy, they don't have the resources or the know-how. And
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  what I want you to take away from this is you don't need to go
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  and run away to another country because you're hustling to
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  make ends meet. You just need to know what is actually
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  available for you here. Costa Rica isn't the
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  answer. It's the structure that you're in. So
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  when you understand that these structures are
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  life changing, not just for you, not just for
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  your family and your unborn grandchildren, but
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  also for the world and the legacy that you
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  want to leave behind so that your life was actually
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  worth living. Because I
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  speak to way too many entrepreneurs where they're like, I'm just not going to
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  be able to make the change in my lifetime that I wish I could. I
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  hope that my children do it. Like,
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  that brings me to tears. I want you to be able to
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  create the impact that you want. And do you know who else does? Your
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  government. They actually want you to create massive
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  systemic change. and these are the
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  structures that are gonna help you do that. Unincorporated, not-for-profits,
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  and incorporated, federally recognized charities. Both
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  of these entities are structures that
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  are not-for-profit. Now, not-for-profit doesn't mean
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  they can't hold investments. Well, the incorporated entity can
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  hold investments, it can still buy property, it can buy stocks,
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  shares, and crypto, and it can do that without tax
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  loss like a normal human would actually go and buy
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  stocks, shares, crypto, and they would lose capital gains tax
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  when they sell. But an ACNC-recognized incorporated
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  charity is tax-exempt, is capital
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  gains tax-exempt. So it doesn't, when you're
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  selling your stocks, shares, or crypto, or property, or assets,
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  It doesn't create a capital gains event because all of
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  that funds that are going to come into you, all of those monies, the
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  investment from selling those assets comes into your
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  organisation and you are going to go and deliver that to
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  your purpose. The mission of what is actually on
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  your heart and what you want to work on. Now, you
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  could say, well, how could anybody start a charity? That's definitely
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  a question that people do ask. And I would just like to
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  ask you, before you started any other business, did
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  you go and research thoroughly about business structures? Or
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  did you just set up an ASIC-registered ABN or
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  whatever country you're in? Did you just set up a company number
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  in your country? Because chances are you didn't go and do a lot of research about
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  those entities. You just wanted to get your service or your product out there. But
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  you did it in an entity that was recommended to middle class people.
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  So what if you were to create that same service or
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  that same product, but put it through a structure that is built
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  for a multi-billion dollar organization to
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  thrive and succeed and to be able to create more impact?
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  That's what the elite do. They just use different entities. to
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  create greater wealth because that's how it can be completely tax exempt
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  and service more people and create more impact and
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  fulfill a legacy that is deeply buried within their
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  soul. I mean, they've got different souls to you. You've got a better soul. You've got a way
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  better soul. That's why you want to do something good. So that's
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  why incorporated, federally recognized charities
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  are an amazing structure to be income tax
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  exempt and to have all the other tax exemptions. Including a
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  fleet of cars because that's nice isn't it like you want your organization to
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  have a fleet of cars as? Well as being able to service the
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  whole community as well as being able to get government funding so
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  that you can Literally all those people that
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  you turn away in your business because they can't afford you What
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  if you had grants from the government where you could literally support
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  all of those people? and have entity where
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  the people that can afford to pay you can pay you as well. It's
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  a win-win for everybody. For the government, because you get to service
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  more people. For those people that you haven't been able to service because they
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  don't have any money. And then also for the people that do have money to
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  be able to support a charity that supports people that
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  don't have the money. Like it's a win-win-win for everybody. Do you
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  see what I'm getting at here? Nobody loses. And
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  the person that loses the least is you. because you as
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  a middle class earner have been losing, have
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  been looking for a freaking break. And
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  I'm here to tell you, this is the missing link that you have been
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  waiting for. It literally is the missing link that will
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  keep you in this country, that will just have your taxes minimized
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  and will actually allow you to have creative freedom again.
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  Now I want to give you a really quick example of exactly what we're talking about. I
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  literally had a client who, and this is not just our client,
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  this is multiple clients that come to me, but I had a very specific client
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  who I'm not going to use their real name, but her name was Joyce. Now
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  Joyce came to me, her and her husband, literally sitting there at 8pm
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  on a Wednesday night being like, we're moving overseas, we're
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  literally going to go to either Costa Rica or Portugal, which one
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  do you think is better? And I was like, well I don't really know
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  because I haven't been to either of them but I love Mexico, but I was
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  going to move to Costa Rica myself. And they were literally
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  about to book their airline tickets so they could leave later in this year.
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  And I was like, well, why are you going? And they said, we're just
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  spending too much money on taxes. Like, we don't even have children.
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  We don't have children and we're still losing too much money of
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  our taxes. And it's just like every single year or
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  every single new election that comes out, the government is just trying to
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  take more away from us. and it feels like we're just being stolen from
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  constantly, and we're freaking done with this place. We
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  just hate the government. We're just done. We need to get out of here and move
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  to a country like Costa Rica or Portugal, especially Costa Rica they were talking
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  about, where the government is actually supporting entrepreneurs. And
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  I was like, okay, right. Have you been to Costa Rica? What
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  do you, or Portugal, what do you love about it? And they're like, honestly, we love
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  Australia. We love Australia more, but we're considering going
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  there for, because it's going to be so much more beneficial for
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  the work that we're doing. Like we could literally retire a whole
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  lot earlier if we moved to one of those countries. I
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  was like, OK, so I'm hearing that tax minimization is
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  a thing and that also you want to retire earlier. I'm like, OK,
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  cool. So tell me what it is that you want to do with your life. And
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  they were like, well, we want to spend our days traveling more.
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  We don't want to have to wake up to go to a job. We want to be able
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  to be on our own time frame. And we also want to work in our pajamas when we want
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  to. and be able to travel the world and get paid for it. I was like, sounds
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  like you're talking about a charity. Let me share with you some other
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  things that you're obviously not aware of. What are the
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  things that you're passionate about? And they were actually passionate about supporting
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  orphanages in Southeast Asia. I was like, okay, amazing,
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  supporting mums over there and kids and yeah,
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  helping children that are street kids. be able to get a
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  break and to be able to literally get them back into schooling and
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  have them get out of poverty. I was like, amazing, that
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  is so cool. I'm like, so what's your plan of doing that? They're like, well, we're going to go
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  to Costa Rica or Portugal, we're going to make a whole lot of cash and then we're going to
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  be able to donate to those entities. And I was like, that's cool. Can
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  you imagine if the government just gave you money to do that and all you had to do was just
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  apply to them and let them know what it is that you really wanted to work on?
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  They're like, what do you mean? I'm like, you could literally just get government grants to do that.
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  You know that, right? They're like, no. I'm like, even
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  if you don't have a charity, you could have government grants to help you do that. But
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  a charity would just make it even easier. They're like, what are
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  you talking about? I'm like, there is grants right
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  now that will actually, and corporate funding, that will
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  actually support you and sponsor you to be able to
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  go and fulfill your mission without you needing to leave the country. And
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  if you had this charity and these structured entities, then
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  you're actually able to run your business through it because your
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  business is actually of great service to other people
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  and people need your service and it impacts people
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  positively. So rather than going and running your business
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  through a PTY LTD structure or moving to Costa Rica and starting
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  again, Why not put it through a federally recognized charity
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  where you can not only get all of these tax breaks, but
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  you can also get funding straight away to be able to support
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  these orphanages and these women and kids in Southeast Asia so
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  that they don't have to live in poverty anymore. And we
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  could get all of this set up and funding coming in within the
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  We were all in tears after that because it was just the most beautiful thing.
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  This is exactly why we would stay in Australia. We
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  actually don't want to leave. And that sounds like it would be so much
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  easier than working from Costa Rica and starting all
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  I'm like, yeah, I know. Because I
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  had the same thing in 2017. I was seriously
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  moving to Costa Rica. I was like, That's it, you
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  know, people like, COVID woke everybody up. Well, there was a lot of us that
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  were awake already before that, knowing what you guys know now, but like in
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  2016, 2017. And so in 2017, I was ready to move to Costa Rica. I was looking into the passports, how
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  we were gonna actually do it, how I can restructure everything. This is when
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  I had my two seven-figure salons that were making a
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  lot of money. a lot of revenue, like multiple
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  millions of revenue, but we were cash poor because
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  we were losing so much to taxes, to wage bills, company tax,
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  GST, payroll tax, you name it, we were
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  losing so much. And then not only that, I was paying
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  150 grand minimum a year just to my accountants to
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  sort out my tax issues. Far out I wish I
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  knew about these structures before I set up my entities. So
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  I was like, that's it, I'm out, I'm going to Costa Rica, I
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  wanna live on a tropical island, I'm a fruitarian, I'm gonna eat just bananas
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  and play with monkeys. And then I found out
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  about the not-for-profit space. And I was like, oh
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  my gosh, I would save 70% of every
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  dollar that comes into my business. Oh my
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  gosh, and I'd be able to help all those people that couldn't afford
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  to come and see us otherwise. And that's how
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  my whole journey started in the not-for-profit space, because I realised the
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  impact that I could create by having an
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  income-exempt entity and by having a charity
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  that can support other people. Now, for me, not
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  only do I get to support and impact other people, like on
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  our property, we've had so many people that have had issues of
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  mental health, of homelessness, not being able to
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  afford housing, and we've been able to support all of them to
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  live for free whilst they get their feet on
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  the ground again, and whilst they get their health back, and their sanity
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  back, and their realisation that the world isn't against them, they
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  just, the structures that they had were against them. So
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  what if running away to Costa Rica to buy Singapore was actually
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  not only for tax breaks, but because you wanted
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  some certainty within your country, and you wanted protection for
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  you, your family, and your assets? I personally believe, and
• 16:41
  all of my clients now believe, that if you have the right
• 16:44
  structure, there is no need to escape because you
• 16:47
  have nothing to run away from. Guys, I have got
• 16:51
  something I'm so excited to share with you. If you wanna know more about this
• 16:54
  for free, in the show notes of this episode, there
• 16:58
  is literally like three PDFs and a webinar that I normally
• 17:01
  say for my VIP clients, but like, I just want more cool people to
• 17:04
  stay in Australia or in your country. You don't need to escape. These
• 17:08
  will help you understand about property, There's one how
• 17:11
  to donate your property into your charitable organisation so
• 17:14
  that your charity can own that entity and it be tax exempt. There
• 17:18
  is one that's going to go through all of these structures and see how
• 17:22
  to do this 100% legally and compliant with the
• 17:26
  taxation department in your country. And then there's also
• 17:29
  a webinar that shows you all of these elites that are already doing
• 17:33
  this. legally and how much money their businesses are making. And
• 17:36
  it shows you the websites that you can look up yourself as well in
• 17:40
  your country so that you can be so informed in this space and
• 17:44
  really choose where you want to live based on
• 17:47
  your heart's desire, not on the tax department of
• 17:50
  the country that you live in. So guys, click the link below because
• 17:54
  you want to get these freebies. They're not going to be there forever. So please
• 17:58
  click this link. You really want to know more about this so that you can make informed