Welcome to Offshore Living Letter, Your #1 Resource for Offshore Diversification

Author: Lief Simon

18 Dec
Christmas Tree offshore

Why Offshore Structures Are A Lot Like Christmas Trees

Going offshore is easier in today’s world than it’s ever been. Ease is no longer the challenge. The challenge today is choice. You have almost too many when trying to decide where to live and invest overseas. Cost is a factor for most people, but the reality is you can spend as little or as […]

07 Dec
EU Blacklist Countries 2

EU Blacklists 17 Tax Havens, Another 47 On Gray List

The EU has this week released a short list of 17 countries it is officially putting on notice because of their taxation policies. Panama is on that list. So is South Korea… as well as the U.S. territories of American Samoa and Guam. In addition to this so-called blacklist, the EU has also named 47 […]

27 Nov
dominican republic sunrise. color gradient sky from orange to purple, palm trees and sand. A look at the ocean sunrise.

Why I’m Applying For Residency In The Dominican Republic

This Country Ticks All The Go-Offshore Boxes About 18 months ago I began the process of applying for residency and citizenship in the Dominican Republic. My attorney in the DR contacted me last month to let me know that my naturalization paperwork is almost ready. How soon could I make it back to the country [...]
13 Nov
build property portfolio

How I Took $5K And Created A Million Dollar Property Portfolio

In 1995, I made my first real estate investment, a three-flat building in Chicago. I was able to make the purchase with US$5,000. Two-and-a-half years later, in early 1998, I sold the building for a leveraged return of 1,800%. I hadn’t planned to sell at that time. My first wife and I were divorcing, and […]

06 Nov
Investing In Wine In France

Investing In Wine In France: A Good (And Tasty) Venture

Lief Simon's Secret French Passions Kathleen and I are in Paris for six weeks. We seldom have the luxury of so much time in one place. How to fill our free days, I wondered when we arrived... Ah, ha, I thought. I'll reorganize the cave. A French cave is an underground area for storage. It's not like a [...]
02 Nov
Enjoying A Drink and learning about taxes

Ten Women Walk Into A Bar… And Learn About U.S. Taxes

Anticipation continues to build for details of the promised U.S. tax reform measures. House Republicans delayed release of the specifics yesterday and promised to share them today. I’ll have my thoughts on what, if any, effects the proposed changes will have on Americans living, investing, and doing business offshore as soon as any real information […]

26 Oct
Will Congress Eliminate Worldwide Taxation Of U.S. Citizens? vuew of the US capitol building

Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?

Talk about potentially eliminating the worldwide taxation of U.S. citizens is getting some expats excited. In theory… if the proposed change were approved… that would put U.S. citizens on par with citizens of every other country in the world except Eritrea, the only other country that also taxes citizens on worldwide income no matter where […]

23 Oct
Why Investing In Panama City Today Is A Different Ballgame

Why Investing In Panama City Today Is A Different Ballgame

Making Money In Panama City Today—Here’s Where To Buy I didn’t realize it at the time, but, when I bought a pre-construction apartment on Panama City’s Avenida Balboa 13 years ago, I was taking a position at a dramatic turning point in the history of Panama City’s property market. The Americans left Panama in 1999, […]

19 Oct
definition of wealthy piggy bank and cash

The Strong Dollar Is Diminishing… It’s Time To Diversify

Your Dollar Advantage Window Is Closing I typically ignore exchange rates when making an investment in another country… especially when making an investment in real estate in another country. Trying to time short-term exchange rates to eke out a few more of whatever the local currency is when transferring money isn’t worth losing a property […]