The Offshore Life With Kids Some folks' "going offshore" plan involves moving some cash to an offshore bank account. And that's great. At the other end of the spectrum is a fellow I met with today who up-ended his young family and moved to Panama well before retirement age. With two kids and a wife [...]
Easy Residency And Even A Work Permit In Panama Here's the most important thing to understand about the "offshore world": The rules can (and do) change fast. You can't assume you understand something today (to do with establishing residency, obtaining citizenship, opening a bank account, etc.) because you researched it a month or two ago. [...]
That question was posed to Jackson by one of his cousins while Jack was visiting family in the States last month. The conversation between the two 12-year-olds had to do with Jackson’s summer travel plans. He’d mentioned that we were going to be spending a couple of weeks in Medellin at our apartment there and […]
It Takes Time (And Shortcuts Are Usually Illegal, Expensive, Or Both) Here in Medellin, where we've been hanging out for the past two weeks, it's taken us about a year to go from looking for an apartment to living in one. And that's about how long it takes to put in place the personal infrastructure [...]
A back-up plan. That’s what many people are looking for right now. They don’t want to diversify globally altogether, but they do want to put a plan in place in case something happens and they feel like they have to get out of their home country in a hurry.
Report From The No-Go Zones I spent last week in Puerto Vallarta, Mexico, and am this week in Belize City, Belize. Two places that the U.S. State Department thinks no American should visit. Way too dangerous. I'm not going to try to tell you that nothing bad has ever happened in Mexico or Belize. Parts [...]
Panama Creates New Opportunity For Residency, Not Necessarily Employment The buzz in Panama last week was an executive order (Executive Order 343) that created a new category for residency in this country. Everyone is hopeful this order will make it easier for foreign nationals to obtain residency and, critically, to be able to work in [...]
I’d say that a second passport is a more critical piece of your global diversification plan right now than ever before.The U.S. Senate has passed a transportation bill that includes a section giving the IRS the power to revoke the passport of any American who the IRS decides might owe US$50,000 or more in taxes. […]
There's No Such Thing As The "Best" Way To Go Offshore I have a friend who is pursuing multiple residency options concurrently. He's in different stages of trying to establish residency in several different countries with an eye to eventually obtaining citizenship in each one, as well. He figures that at least one of the [...]
Why Do We Keep Lying To Our Readers? As I'm in Medellin this week, I'm reminded of an e-mail from a reader from a few months ago. This reader was demanding a retraction of our endorsement of Medellin as a retirement and investment destination because he had done some Internet research and found "conclusive" information [...]
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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