Where’s the better choice for planting Plan B flags—Panama or Colombia? The answer depends on your goals and the flag you’d like to plant. Are you looking to open an offshore bank account or to establish backup residency? Do you want to make a real estate investment or start a business? Here’s a comparison of […]
Structures Versus Structuring The IRS was in the news a while ago for confiscating the bank accounts of small businesses operating mostly on a cash basis. One restaurant owner had her bank account frozen by the IRS. She had US$33,000 in the account, which represented the entirety of her operating capital. Effectively, the IRS put her out [...]
Say you invest in a rental property in Panama. You earn a good return for years… then, the market timing is in your favor, and you decide to sell. You find a buyer who’ll pay you 50% more than you paid for the property yourself. You close the deal… and take receipt of the purchase […]
Two years ago, when the global pandemic was just beginning to take the toll it ultimately would proceed to take, we identified the contact we’d been hoping for on the ground in a market we’d been wanting to scout for years. Dengiz is the kind of resource we know we need anywhere in the world […]
Important news from Ecuador… This country’s residency program just got better. Under new regulations that took effect March 10, 2022, Ecuador’s residency program qualifies as one of the best in the world… And one of the easiest paths to citizenship. Here are the highlights… Ecuador offers a temporary resident visa to start, from which you […]
Earn 8% Income And A 21% Gain On This US$25,000 Investment In Medellín, Colombia, Manila has long been the undiscovered treasure of the city’s upscale El Poblado sector. On its shady, tree-lined streets, you’ll find a mixture of houses, mom-and-pop businesses, and more than its share of nice restaurants and cafés. One of El Poblado’s smallest [...]
“It’s perfect. I’ll take it. How much is it?” So said the Irish hairdresser to the Montenegrin real estate agent. The agent was touring the young woman through an apartment for sale in the medieval town of Kotor. The woman didn’t get past the entryway before making her buy decision. Indeed, she had been ready […]
A well-traveled friend, Paul Terhorst, wrote a column for my Simon Letter advisory service a little while ago in which he explained that he no longer travels to countries that require him to get a visa in advance. Paul went on to make the point that these countries are hurting themselves financially by requiring these apply-in-advance visas for […]
I’ve lived in Panama for about 15 years…And I’ve invested more money here than anywhere else…From farmland and a modern condo in the capital city to a commercial rental, a full-scale beach community development, and even my future retirement retreat far out on a secluded Pacific coast.Panama‘s lifestyle advantages are simple. This is an affordable […]
Travelers are granted long stays upon entry. If you don’t want to fuss with residency, you can get a six-month tourist entry by just driving over the border. If part-year living… or maybe investing in and operating a vacation rental… is what you have in mind, then the six-month tourist entry can do the trick. […]
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.