Today we have an interview with prominent asset protection and international banking attorney Joel Nagel. Mr. Nagel is one of the top experts in offshore banking, asset protection, international trusts and everything international.
Joel M. Nagel is founder and managing partner of the international law firm of Nagel & Associates, LLC. Joel’s practice focuses exclusively on offshore asset protection, estate planning and international business.
We at Escape Artist are most interested in Joel Nagel’s international business acumen. As background, Joel Nagel structured the 2,500-acre, Gran Pacifica hotel resort complex in Nicaragua for an investor group. He also has structured a three-acre boutique resort in Ambergris Caye, Belize and has been a major player in the creation of offshore banks, insurance companies, hedge funds and mutual funds abroad.
Attorney Joel Nagel currently sits on the boards of 15 companies, and is involved with strategic planning and US compliance for countless others.
Joel Nagel has been quoted in U.S. News & World Report and has been featured in the Pittsburgh Post-Gazette, Pittsburgh Tribune-Review and Pittsburgh Business Times. He has also published articles on over 20 well respected websites on living, working, and doing business abroad.
Joel Nagel was appointed as Belize’s ambassador to Austria in September 2015. In addition, the Foreign Affairs Ministry appointed Nagel as the Permanent Representative to its United Nations offices in Vienna.
Cementing his position as the go to guy for offshore banking, Joel Nagel is the Chairman of Caye International Bank. This is the leading investment bank in Belize and has been in operation for over a decade there.
As you can see, Mr. Nagel wears many hats in the offshore world. We were very happy to be able to sit down with him and talk international banking.
Transcript of Conversation with Joel Nagel
Christian Reeves: Hi Joel, thank you for making time for us today. Let’s get down to business. It’s very difficult for us Americans to open offshore bank accounts or do business abroad. Have you seen this in your own practice?
Joel Nagel: Being a US citizen or permanent resident has never been more challenging when interfacing with the rest of the world. People generally like Americans but not our government. No other nation is more generous and philanthropic in its giving to the rest of the world and no people has helped others to secure freedom, liberty and economic prosperity more than the United States.
But now, our government has alienated itself from much of the rest of the world. Even our friends and allies have concerns and misgivings about the American government. It has become the 800 pound gorilla in the room that literally nobody trusts or with which few want to do business, outside of selling us their products.
Christian Reeves: What effect have you seen from FATCA and the myriad of laws meant to keep American’s money at home?
Joel Nagel: Our own government dictates laws and regulations such as FATCA which impacts over 120,000 financial institutions around the world mandating standards even US banks do not meet. These institutions can comply with the regulations by spending hundreds of thousands or even millions of dollars a year to become the financial police, overseeing their US customers, or they can comply far easier and with literally no cost by simply closing their doors to Americans. An increasing number of financial institutions have chosen the later. The door for many Americans to hold their assets abroad is fast closing.
It's not just banks....brokerage firms, insurance companies, trust companies, real estate firms, hedge funds, mutual funds, non US publicly traded companies....the list goes on and on. It's an enormous "hassle" in this day and age to do business with Americans and many foreigners are shying away or completely stopping business with Americans altogether.
Christian Reeves: I hear you’re putting on an conference to help Americans structure their affairs offshore. Tell us a bit about your upcoming event in Vienna.
Joel Nagel: I would like to invite your readers to join me and my A-team of international advisers September 18-24, 2016 in Vienna, Austria for our third annual "Global Access and Continuity Conference".
You'll hear from top lawyers, accountants, investment bankers, insurance representatives, real estate developers, investors, citizenship and nationality experts, family offices, currency gurus, gold and silver bugs and many, many more professionals who can help you to continue accessing global markets and protect your family wealth despite the current global business and financial environment regarding Americans.
Christian Reeves: Why Vienna and not the same old Panama, Belize, or Mexico?
Joel Nagel: I didn't select Vienna for this event just because it is absolutely beautiful and ranked one of the best and most livable cities in the world. As the birthplace of "Austrian economics" and sound money, Vienna serves as a beacon to individual investors, institutional trustees and family offices as to how one should spend, save, invest and steward wealth generationally.
Times are changing and what’s old has become new again in offshore banking. If you want to do business abroad, you need to build a base in Europe.
Christian Reeves: What will you cover at the conference?
Joel Nagel: I At the Global Access and Continuity Conference, we will explore real world solutions at both the macro and micro economic level. You'll also have an opportunity to meet with incredibly knowledgeable experts, advisors and professionals from North and South America, and Europe (both East and West). Some of these experts who have agreed to attend this year are so in demand that they asked me not to mention their names publicly in our conference promotions as they don't want you coming just to meet them. In fact a few whom I have convinced to come don't normally even speak publicly at all. But they have all agreed to come to my "private" event to meet with a small group of like-minded clients.
Christian Reeves: So, who’s confirmed to speak so far?
Joel Nagel: A sneak preview of just some of our acclaimed faculty and topics include:
Egon von Greyerz, MSNBC commentator and Managing Director of Swiss Gold and Matterhorn Asset Management, will give insight on the best method to buy, and store gold and other precious metals.
Dr. Jack Wheeler, former Advisor to Ronald Reagan, adventure traveler, and political commentator (To the Point Newsletter) will give insight as to how to prepare yourself financially for whoever wins the White House in November.
Gregory Curtis, long time Managing Director of the Mellon Family Office and author of “The Stewardship of Wealth” and “Family Capital” will give our attendees the secrets that the super wealthy use to protect and preserve their wealth over many generations.
Whether your goal is to diversify your assets internationally, start or grow a business abroad, access non US financial institutions and investments, obtain a second citizenship or residency, or just create a "safe haven" nest egg overseas just in "case"....the "Global Access and Continuity Conference" is for you.
Christian Reeves: What’s the itinerary for your Vienna conference?
Joel Nagel: The event will kick off Sunday with an optional church service led by acclaimed Christian Author and Theologian, Dudley Hall, than an afternoon Vienna City tour followed by a private cocktail reception and dinner.
Monday through Friday, we'll have a great mix of speakers in the morning with structured activities, private appointments and leisure time in the afternoons.
Wednesday, September 21, 2016 we'll experience a wonderful Danube Valley River Cruise seeing some of the most historic and beautiful castles and scenery that Austria has to offer, while we network with the speakers and attendees. We will also have a special “birthday party” for Belize which we will celebrate in style with invited members of Vienna’s diplomatic community. Other evenings we will dine in some of Vienna’s finest and oldest establishments. We will also have special access to Vienna’s world renowned cultural scene including the Vienna Philharmonic, opera and museums. In fact, an alternate program is being developed for companions who prefer to see the city, go shopping and enjoy the tourist side of Vienna during the conference programing.
Saturday morning we'll wrap up the conference, but leave extra time for meetings with the speakers of your choice. Some of these speakers charge as much as $10,000.00 for a private consultation, but each attendee will have an opportunity to sign up for three professional consultations as part of their conference registration on a first registration, first serve basis. Imagine sitting down and discussing your affairs with top advisors to millionaires and billionaires. Reserve your early place in line for consultations as well as the bonus Vienna City tour with Peter Zipper, by registering today.
Christian Reeves: Thank you very much for your time Joel. I look forward to seeing you in Vienna very soon.
Dear readers, Take this opportunity to attend the "Global Access and Continuity Conference". You will thoroughly enjoy yourself experiencing Vienna and all it has to offer while you build, protect and steward your wealth. You'll ensure now that the financial and legal doors won't shut on you and your family in the future.