Offshore
Articles
A worrying new bill just passed the Senate on March 14, 2012. It’s called the “Moving Ahead for Progress in the 21st Century Act.” (MAP-21). And it could give the I.R.S. the power to take your passport and prevent you from traveling outside the U.S. if they claim you owe money on your taxes…
When you talk about Panama, you’ll often find that you’re talking about all the things that make a place a tropical paradise. Panama is hugely popular with U.S. and Canadian expats, and for good reasons. But like any place else, having experienced legal help on your side is critical, even in Paradise.
The Panamanian side of the Darién is dominated by deep valleys, rivers and a 6,000-foot-high mountain peak. You won’t find much else here. Starbucks hasn’t made it, and there’s no Home Depot. This is frontier country. But you will find an open door to immediate residency in Panama, along with a chance for profitable investing.
Since my first visit to Panama in the 1970s I’ve returned countless times and visited every part of the isthmus except one—the Darién Gap, a large swath of swamp, jungle and forest, 99 miles long and 31 miles wide, that separates Panama’s Darién Province from the Republic of Colombia.
A recent poll on government revealed that more than half the population of Uruguay feels that the country is being run “for the good of all the people.” You can guess how most Americans would answer that question…
There are good reasons for obtaining a second passport; expansion of travel possibilities; concealment of nationality for safety reasons; exercising the right to reside in another country; opening offshore bank and other financial accounts; easier crossings of international borders when a primary passport is lost or stolen.
In Belize, more than 40% of the country is protected as national parks, wildlife sanctuaries and marine reserves. But this lush ecological paradise is not just a haven for wildlife. Belize encourages offshore business and welcomes foreigners as local residents, too. In fact, if you’re looking into your residency options, Belize should be high on your list.
Now and again when an American (or any other national) grumbles about the sad state of affairs in their home country they may hear a sharp response: “If you don’t like it here, go find another country.”
As a lawyer for many decades now, I know how important it is to read and understand what you read. I also know from experience that Americans have been bombarded for years by class warfare politicians attacking wealthy people as if success in life was a crime.
Somewhere far out in the South Pacific lies a network of near-perfect castaway islands. Fifteen in all, their beaches are of white-powdered sands, the waters aquamarine and turquoise, and the climate ideal. From the shores of palm-fringed lagoons rise soaring volcanic peaks clad in lush green jungle.
A safe deposit box is just a lockable metal box or drawer, inside a bank or private vault, which is used for safely storing your valuables. And the annual rent for a safe deposit box can be as little as $500. On a traditional safe deposit box there are two different keys, both of which must be used to open the box. One key (usually two copies of it) is given to you as the box renter.
These islands are an independent country joined in “free association” with New Zealand. It has its own government and court system, the New Zealand dollar is the local currency, and it definitely qualifies as what used to be called a “tax haven,” now replaced by the politically correct term “offshore financial center.” Fifteen in all, their beaches are of white-powdered sands, the waters aquamarine and turquoise, and the climate ideal.
There’s even more to Uruguay than beautiful beaches, attractive riverside towns, vibrant capital, friendly people, and profitable property investments. If you’re looking for an environment where your money is safe, you and your family can feel secure, and taxes are low, this country should be on your short list.
In your October issue, Lee revealed all his good reasons for choosing this “Europe of South America” and explained why you should consider following his example. But there’s even more to this fascinating, lesser-known country. If you’re looking for an environment where your money is safe, you and your family can feel secure, and taxes are low, this country should be on your short list.
I still remember the Broadway musical Fiorello!, based on the life of the popular New York City mayor, Fiorello LaGuardia, a reform Republican who served three hectic terms from 1934 to 1945. In one of the musical’s songs, an investigative committee demands to know how Mr. X, a minor city official, can afford a private yacht….
“We are all Irish today.” That’s a ritual saying U.S. politicians repeat each St Patrick’s Day. They’re identifying with the nearly 40 million citizens of the United States, nearly 12% of the total, who trace their ancestry to Ireland.
Has the United States Internal Revenue Service (IRS) adopted the imperial Romans as their model and as the inspiration for the Foreign Account Tax Compliance Act (FATCA)?
With more than three in five U.S. workers in their 50s and 60s planning on working past 65 (and over half of them planning on working into their 70s and beyond), the American Dream continues to die a death. IL’s Chris Hunter offers some sound advice on what you can do to protect your retirement.
Mearly 40 million U.S. citizens trace their ancestry to Ireland – many of whom are entitled to an Irish passport. Aside from joining the country of your ancestors, there is a good practical use of an Irish passport. It entitles the holder to live, work, and travel freely in any of the 27 countries in the European Union to which Ireland belongs.
It’s easier than you think to reveal your Irish roots. Here’s a guide on how to get started. Your research begins with your family. Ask questions, collect stories, check out old photos, and search that attic chest or bottom drawer for any documents that might provide some clues.
Haven nations in which privacy was expected, guaranteed and delivered were numerous just two or three decades ago. They’re many fewer today. But you do still have choices. Which is right for you?
Haven nations in which privacy was expected, guaranteed and delivered were numerous just two or three decades ago. They’re many fewer today. But you do still have choices. Which is right for you? It will depend.
Paul and Kelly German had great lives back in Canada. But they found that Belize offered them a great lifestyle with a year-round summer and they could build their nest egg much faster than they could back home.
Subscribers to International Living magazine regularly learn of little-known retirement and investment opportunities, like the ones I’m about to reveal—straight from the current issue of the magazine…
Do You Know Where a “Car Payment” Could Fund Your Whole Life?In the right places overseas, what you’d pay for a typical car payment… could fund your whole life. Sign up for our free daily Postcard e-letter, and we'll immediately send you a FREE research report to help you find your perfect, affordable retirement destination. . |
