The global economic crisis popped Spain's real estate bubble. That's why today you could buy a spacious condo in a high-end community on one of the nicest stretches of the Costa del Sol with monthly payments from $483. That's a low sticker price. And, this is a stunning place to visit and spend time. You have dramatic views along the coast. Long winding sandy beaches you can walk for miles. Quirky Gibraltar.
For 15 years, real estate prices in Spain soared. Then in 2007 demand slowed. By the time the worldwide economic crisis rolled through Spain and Europe, the real estate bubble had well and truly popped.
Those of us who are sensitive to tax, financial, and regulatory events, both in the U.S. and offshore, see some disturbing developments toward currency and other financial controls. Taken together, these developments may well signal evacuating before exits are blocked. For example:
If you believe that spreading your political risk beyond one jurisdiction is the single most important thing you can do today, then obtaining a second passport and citizenship in another country is a critical part in achieving your goal. This is because it's a fundamental step toward minimizing the political risk of being subjected to the whims of any single government. The political diversification benefits that come with obtaining a second passport are universal and prudent for anyone in the world to obtain...
Your dreams of living abroad are taking shape. You've traveled enough to know that you are comfortable with other cultures and exotic locations. You even have a few places that you know you want to return to. You are talking with expats and reading everything you can get your eyes on. You want to make sure that your dream turns out just how you envision it.
Are you ready to move your assets offshore? If yes, you'd better hurry—otherwise someone else might beat you to it. Recently, British serial entrepreneur Richard Branson admitted that he has been living as a de-facto tax exile in the British Virgin Islands for the last seven years. Although he denies tax considerations as a motivation for the move to his private island, Necker (he says it's for his health), he recently sold his British residence to his kids and declared himself a non-resident.
While Swiss banking often gets the spotlight (for reasons both bad and good), its other financial institutions and insurance companies offer a broad range of services that, in some cases, approach the flexibility of a bank account. In the entire history of Swiss insurers, no life insurance company ever has failed to meet its obligations or been forced to close its doors.
By now, it's old news that the American National Security Agency (NSA) is stealing, storing and searching nearly every email you send, every website you surf, and every telephone conversation you have. Revelations about a massive program of clandestine data collection in collaboration with Internet and email service providers have come thick and fast.
In Nicaragua, you'll find some of the most dramatically beautiful Pacific coastline...anywhere. And in one development I've visited, there are five beaches, 2,700 acres and more than two miles of coast.All of those beaches have their own unique character and appeal. Each has different colored sands: white, tan and even pink. Some have flat waters for swimming or waves for surfing.
You'll find one of the most stunning areas on my beat on the southern edge of Mexico's Riviera Maya. Its white-sand beaches, ancient ruins, white-bottomed lagoons, nature preserves, caves and cenotes (underwater caves) make it stand out—so much so that vacationers and expats are increasingly flocking here. But despite its growing popularity, there is still a window of opportunity on Mexico's Caribbean coast.