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Author: Lief Simon

22 Sep
airlines are tightening up their rules for non-resident visitors.

Airline Requirements To Hold Return Or Onward Tickets

Last week, a friend traveling to Panama for a visit was forced by her airline, Delta, to buy a return or onward ticket when she presented herself to check in for her flight from Atlanta to Panama City. My friend was traveling to Panama on a one-way ticket. As she has legal residency in Panama, […]

18 Sep
offshore corporation bank account is the first stop into Reducing Tax

Reducing Tax By Living And Doing Business Overseas

Some poor, uninformed soul wrote this email in response to the promotion we’ve published for the Wealth Summit I’m hosting in Belize next month: “Really, what you’re talking about is a plan to cheat our country out of the tax dollars it deserves for personal gain. Some strategy… “Oh, it may be legal, but evading […]

16 Sep
Colonial Granada swuare in Nicaragua.

It’s Time To Be Looking At Nicaragua For Investment Again

For tourists, Nicaragua is an absolute bargain. The super-low cost of everything attracts backpackers, of course, but it also attracts others looking for a high quality-vacation at a bargain price. The legitimately four-star hotel where we stayed in over the weekend, La Gran Francia, cost us US$60 a night, including breakfast and Wi-Fi

11 Sep
Know Your Client Rules And Requirements Around The World

Know Your Client Rules And Requirements Around The World

The unintended consequences of FATCA and the overreach of the U.S. government and the IRS have started playing out around the world. In the last week, I’ve heard from a half-dozen people with “know your client” tales of woe. Indeed, I have my own. Let’s start with the know-your-client form that the homeowner’s insurance company […]

04 Sep
The Risks Of Using Credit And Debit Cards Overseas

The Risks Of Using Credit And Debit Cards Overseas

First, pay cash at Dairy Queen for that banana split. Handing over your credit card and, even more risky, your debit card to pay for small daily purchases opens you up to potential fraud. Use the card a dozen times in the course of a week at various businesses, and you’ve introduced a dozen potential […]

18 Aug
gossip

Rumor And Gossip Can Be The Bane Of Life In Overseas Expat Communities

High school, small towns, and expat communities all have something in common that you don’t hear much about—gossip. I’d pit some expats I’ve known against any 13-year-old girl in this regard, including, in some cases, the meanest girls on the playground. Sipping coffee in their favorite morning meeting spots, expats around the world are formulating […]

14 Aug
A metro station under maintenance

The Risks Involved With Using Workarounds Overseas

Throughout the years, I’ve had people tell me I’ve been wrong when I’ve suggested to them that certain things couldn’t be done. They’ve insisted I was wrong because, they’ve assured me, they had been able to do whatever it was I was saying couldn’t be done. They’d done it themselves, no problem. Recently, for example, […]