Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Finance

How St. Nicholas Set Up An “Offshore” Arctic Company

  • BY bsmith
  • December 21, 2022
Total
0
Shares
0
0
0

Three Steps St. Nicholas Used To Safely Set Up An “Offshore” Arctic Company

St. Nicholas, a fourth-century bishop who lived in the ancient Roman town of Myra, now Demre in Turkey, was reputed to be neither plump nor jolly, but did earn a longstanding reputation for charity and gift-giving.

This, naturally, was the linchpin that would eventually link him to Christmas.

St. Nicholas, too, took on new attributes to fit the changing times.

Find Your Future

An anonymous poem called ‘Old Santeclaus with Much Delight‘ was published. It was the first time that Santa/St Nicholas was described in a sleigh being pulled by a reindeer. The poem was published with eight illustrations in a book called ‘The Children’s Friend: A New-Year’s Present, to the Little Ones from Five to Twelve’ and it’s the earliest images of ‘Santa Claus‘ rather than St Nicholas or Sinterklaas.

Not the most wonderful time of the year for SantaSanta Looking Out

This also marked S. Claus’ first appearance on Christmas Eve, rather than December 6th.

Now that Santa was gaining notoriety, he needed to think big.  Santa decided to set up an “Offshore” Artic Company end-to-end.

So, Santa looked on his “Naughty and Nice” list to find experts in international commercial transactions, international asset protection and estate planning for guidance.  They shared with him that there are three steps you can take to safely move your enterprise offshore.

Step One – Forming an “Offshore” Arctic Company

Santa evaluated how many individuals would be involved with the offshore business, and then decide which offshore jurisdiction will be most effective. He considered risk aversion over lenient tax legislation.

Santa also considered what services may be needed to run the business at the North Pole.  In this case, a toy manufacturing facility located in the northern most point on the Earth? In the middle of the Arctic Ocean? Nonsense!

Calm down, skeptic. Obviously, Santa is totally legit.

Christmas elves live with Santa in the North Pole and help out around the place by taking care of the reindeer and making toys in Santa’s workshop.

Step Two – Choosing an Offshore Jurisdiction

Smiling SantaSanta reviewed some of the most popular jurisdictions to start an offshore business like Belize, Hong Kong, Panama, the British Virgin Islands and Mauritius.  In the end St. Nick packs his pipe and moves to the North Pole

St. Nicholas’s migration to the North Pole is due most directly to Thomas Nast, an American cartoonist who submitted 33 Christmas drawings to Harper’s Weekly magazine between 1863 and 1886, one of which featured a village called “Santa Claussville, N.P.”

N.P., as you may have guessed, stands for the North Pole.

Back in the early days, no one had any idea as to what resided at the North Pole; it was an aloof mystery that made it the perfect home of Santa and his reindeer. Snowfall had already become symbolic of Christmas cheer, so it only made sense for Santa to live in such a beautiful, snow-covered place, shrouded in ice and magic.

And so the jolly man in his red suit established his residence at this remote corner of the globe, with his helpers and his sled.

Step Three – Choosing an International Lawyer

Santa knew that International lawyers could help him minimize tax expenses while remaining within the framework of the law.

The lawyer for NicolasNorth LLC, Santa’s corporate entity is Marta Pittman, he is a partner at Xavier, Masham, Abbott and Stevens.  This firm develops asset protection strategies, offshore trusts, wills, and more for NicolasNorth LLC.

Their work is very important to help Santa protect his assets. Every year Santa maintains his top secret “Naughty and Nice” list.  The Department of Christmas Affairs uses the Global Behavior Tracking Network and data mining technology to assist Santa.  Not everyone always agrees with being on the Naughty list, causing the occasional litigation.  Since Santa is operating as NicolasNorth LLC, even if one of these suits was successful, Santa wouldn’t lose his house.

While our legal professionals do not work with Santa, they are experienced working with high net worth individuals to protect their assets from the volatile United States dollar market.

But regardless of St. Nick’s reasons for relocating, whether they were due more to adventurous expeditions or speedy reindeer or an elfin love of snow, we think he made an excellent choice to set up in the Arctic.

You too can make an excellent choice by setting up a consultation today.  We look forward to assisting you.

Find Your Freedom

 

If you’re interested in buying a home abroad and want to weigh up your options, visit ECI Developments, who specialize in creating exceptional residence and resort communities across the world.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • Asset Protection
  • going offshore
  • Offshore Asset Protection
  • offshore company
  • Santa
Previous Article
  • Rest of Europe

10 Fun Christmas Traditions Celebrated Around The World

  • BY bsmith
  • December 20, 2022
View Post
Next Article
  • Second Citizenship

How To Get A Christmas Island Visa

  • BY bsmith
  • December 26, 2022
View Post
You May Also Like
The Tale of the Tael - A timeless store of value across centuries
View Post
  • Finance
The Tale of the Tael’s: A Hard Lesson about Hard Money
  • BY Michael Checkan
  • September 24, 2025
Craggy cliffs and quiet harbors frame life in the Isle of Man
View Post
  • Your Escape Plan
Life and Opportunity on the Isle of Man
  • BY Aneesa Marufu
  • September 19, 2025
Central America’s strategic position is reshaping the global offshore banking map
View Post
  • Plan B
The Future of Global Finance Runs Through Central America
  • BY Luigi Wewege
  • September 17, 2025
Global Diversification Tips from Experts
View Post
  • Plan B
Staying in One Country Could Be Your Biggest Financial Risk
  • BY Isha Sesay
  • September 3, 2025
Low-Tax Countries to Save Money in 2025
View Post
  • Plan B
Where Expats Are Moving to Keep More of Their Money
  • BY EA Editorial Staff
  • August 27, 2025
Belize Offshore Banking
View Post
  • Plan B
Why Belize’s Waters Run Deep in Offshore Banking
  • BY Luigi Wewege
  • August 20, 2025
International Banking Structures
View Post
  • Plan B
Tax-Friendly Banking Solutions for International Investors
  • BY EA Editorial Staff
  • August 13, 2025
View Post
  • Interviews
Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
  • BY Isha Sesay
  • July 19, 2025
Trending Posts
  • 1
    • Mexico
    Top 10 Things to Know if You’re Moving to Mexico
    • September 26, 2025
  • Hungarian Citizenship by Descent Journey from Amercia 2
    • Second Citizenship
    Our Journey from America to Hungarian Citizenship
    • October 1, 2025
  • Abkhazia jewel of Soviet summer escapes 3
    • Field Notes
    Secrets of the Soviet Riviera
    • October 3, 2025
  • Summer in Lapland: Lapland’s wild landscapes glow under the endless Arctic sun 4
    • Field Notes
    Before the Snow Falls in Lapland
    • September 29, 2025
  • Onu building with flags under a blue sky in New York 5
    • News
    Latest News: Fault Lines, Flotillas & Frontiers
    • September 25, 2025
InterNations
Know Before You Go
  • Best Places to Live in Spain: A City-by-City Guide for 2025 1
    • Spain
    Best Places to Live in Spain: A City-by-City Guide for 2025
    • October 8, 2025
  • Expat Child Syndrome 2
    • Wellness
    The Untold Story of Expat Kids
    • October 6, 2025
  • Abkhazia jewel of Soviet summer escapes 3
    • Field Notes
    Secrets of the Soviet Riviera
    • October 3, 2025
  • Hungarian Citizenship by Descent Journey from Amercia 4
    • Second Citizenship
    Our Journey from America to Hungarian Citizenship
    • October 1, 2025
  • Summer in Lapland: Lapland’s wild landscapes glow under the endless Arctic sun 5
    • Field Notes
    Before the Snow Falls in Lapland
    • September 29, 2025
Learn More
  • About us
  • Contact
  • Advertise
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/