At last week’s Offshore Wealth Summit in Santo Domingo, my team and I looked at the best current options for planting your Five Flags, including your best choices today for alternative residency and for opening a bank account overseas. Why might you want a bank account in another country? Maybe because you’re planning to move to […]
One thing to consider when buying real estate in another country is to do with the requirements for repatriating your funds if and when you decide to sell the property. Often, transferring money out of a country isn’t as simple as calling your bank and initiating a wire of the funds. Some jurisdictions, including Colombia […]
Here’s some fresh advice, something that goes against what Vicki and I have been saying and doing for at least 30 years. Carry more cash when you travel or live abroad. I hate to recommend cash. With cash we’re vulnerable to theft and loss. Some years ago friends rented a beach house in Uruguay, hid […]
“What bank do you recommend in Panama?” That’s one of the most frequently asked questions I receive. I get it at least a couple of times a week… The honest answer? None. Panama currently has 78 banks. Of those, 29 have international licenses; 49, including the 2 government banks, have general licenses. I’ve dealt personally […]
Many who have been considering diversifying internationally are looking at the in some cases unprecedented strength of the U.S. dollar versus key currencies worldwide and thinking maybe it’s not such a good idea to sell dollars to buy foreign investments right now. Just like stock investors who think about getting into the market when it’s […]
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.
