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.
Category: Banking
03
Oct
The Pragmatist's Guide To Living With FATCA Banks around the world are taking action. They’re trying to become FATCA-compliant. Bottom line, they don’t really have a choice in the matter. And neither do we account-holders. As I mentioned a couple of weeks ago, one of my banks sent me the dreaded eviction letter, telling me, [...]
30
Sep
Investment Projections Per Expectation
“I can project any return you like and back it up with real data. The problem is that, the higher the projected return, the lower the likelihood of hitting it.” I was meeting with a new development group as part of my due diligence work. The group is focused on agricultural investments in Latin America. […]
23
Sep
The Necessary Two Accounts Per Entity
I’ve heard the stories from friends and readers, but, now, finally, it’s happened to me.A bank where I have an account for one of my offshore entities has sent me the dreaded “due to a policy change, we’re closing your bank account” letter. They’re giving me 30 days to move the money out of the […]
19
Sep
Why Belize Makes Sense
Custom-Made Banking Haven Editor’s Note: I invited longtime friend Peter Zipper, with 30 years’ experience in the international banking industry and currently president of Cay Bank in Belize, to share insights into banking opportunities in that country. Read on for Peter’s thoughts...Belize is a custom-made banking haven. With their Belize Act in 1981, the Brits built [...]
16
Sep
Say Goodbye To Big Brother
My #1 Recommendation For Where To Go Off-Grid A couple of weeks ago, I wrote about how to get away from Big Brother. Today I’d like to offer a recommendation for where to get away from Big Brother: Belize. Belize is a place where it is easy to go offline and off-grid while still retaining access [...]
02
Sep
Going Off The Grid
A Formula For Dumping Big Brother Interested in protecting yourself from ever-bigger Big Brother? Not interested in being tracked by the NSA, MI6, Mossad, or any other "intelligence agency"? Don't want to be hounded by the IRS for tax forms detailing your assets? Don't want banks reporting your accounts to U.S. authorities? You're not alone...and [...]
26
Aug
Teak: A Turn-Key Investment Option Towards Residency
Turn-Key Residency With Investment Upside Panama’s new “Specific Countries” residency visa program is one of the most turn-key in the world. Authorized through Executive Order by current Panamanian President Ricardo Martinelli, this residency option is available to citizens of 47 specifically named countries. If you hold a passport for one of the 47 countries on [...]
22
Aug
Panama By The Numbers
Panama By The Numbers “If you want to grow, you have to go to a place that’s growing.” --Panamanian businessman Jose Bern “Panama has three things going for it—location, location, location.” --Expat David Stubbs “Why should an expat or investor care about the economic situation in the country where he’s interested in living or investing?” [...]
19
Aug
Retire Well On Little In France Or Italy
Could The Average Retiree Really Afford To Retire To France Or Italy? A consulting client I spoke with the other day was surprised when I suggested that he could live in Europe on his retirement pension of US$2,200 a month...including in either France or Italy, the two countries that interest him. What About Taxes? If [...]
15
Aug
The High Cost Of Being An American
The Struggle Of Going Through American Customs As I sat in the Panama City departure lounge last Saturday, I watched as the female security agent's hands ran briefly over the breasts of a 30-something traveler, making sure that the traveler had no weapon in her bra. Apparently finding nothing but the breasts themselves, the agent [...]