The entrepreneur
should understand that where to live, where to make money, and where to keep it,
are three very different questions.
Of course, sometimes
one has little choice but to live where one works, but the wise entrepreneur
will not want all his eggs in one basket, and will keep at least part of his
money in another location.
However, a number of
countries which have enjoyed a reputation as being “safe”, because they are
discrete, or because they are politically and economically stable, may not be
as reliable as they used to be:
1 Liechtenstein – since the expression
“thieving taxman” took on new meaning there;
2 Switzerland – trading on past glories;
3 The United States – a great place to do business
but not to bank;
4 The United Kingdom – since the mishandling
of Northern Rock makes the phrase “safe as the Bank of England” sound rather
ironic.