You know I’ve been bullish on Panama for years. Long-term, Panama will be one of the main global business hubs, competing with Singapore and Dubai… All in all, Panama is a country where you should consider “planting a flag.” Panama uses the U.S. dollar, so you won’t get any currency diversification, but for many people [...]
The key to living long-term overseas… and to escaping home at a moment’s notice if you need to… is residency and/or citizenship overseas… You can obtain residency or citizenship in more than one country. However, most expats obtain residency or a second citizenship in just one country outside their home country. Which country depends on [...]
In the wake of Tuesday’s debate, Taylor Swift gave Kamala Harris her backing for president. Maybe that tells you everything you need to know. Either way, with a net worth of $1.3 billion, Swift probably isn’t too worried about the key issue the rest of us are… It’s the economy, stupid. Watching the candidates squabble [...]
Renting out a property that you also use can be complicated. The Paris 2024 Olympics reminded me of this. A friend in Paris swapped apartments with someone they know. They wanted to be out of the city during the games, while their friend wanted to be in the thick of things. He’s an Olympic-holic who [...]
How do you define “being wealthy”? An offshore attorney I met years ago defined being wealthy as having enough passive income to cover all your monthly expenses. That’s an easy answer, but not as easy a goal to achieve… Rental income can be the perfect passive income… but unfortunately, most U.S. investment professionals don’t know [...]
In October, I’ll be in Porto, Portugal, for my annual Offshore Wealth Summit. One of the topics we’ll cover is filing taxes as an American offshore. Taxes are a hot topic right now as the presidential race heats up… Should he be elected, Trump plans to permanently extend his 2017 tax cuts, eliminate taxes on [...]
My family and I moved from the United States to Ireland many years ago for personal and business reasons. At the time, I hadn’t even considered the concept of obtaining a second citizenship. In fact, it wasn’t until after my son Jackson was born that the idea of a second citizenship crossed my mind. Jackson [...]
Why would anyone want to “go offshore” anyway? That’s a question I ask myself at this time of year, as I put the final touches on the program for my annual Offshore Wealth Summit. The event takes place this year on October 16 to 18 in Porto, Portugal. I like reminding myself why I do [...]
Trump and Vance versus Harris and Walz. Yeesh. In just a couple months we’ll have our winners… and losers. For close to 30 years, I’ve been warning people of the risks of hanging all your hopes on any one country… any one economy… or any one currency. That message has never been more pertinent than [...]
Baby Thomas James Delehanty arrived into the world in 1963 Arizona. A couple months later, having been adopted, he became John Edward Portmann. In 2019, he decided to research his family tree. Although he had long known he was adopted, he was shocked when the DNA test he took revealed his ancestry to be 100% [...]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
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