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Category: Banking

22 Feb
behind panama economy

What’s Really Behind Panama’s Booming Economy?

What's Fueling This Boom? (And, No, It's Not Too Late For You To Get In) The economy of the country where you decide to relocate is important... because a healthy economy means money flowing through the place. It also helps to support a safe and stable climate generally. Panama has the most robust economy in [...]
25 Jan
carrying cash abroad brings advantages and disadvantages.

Why I Started Carrying Cash Abroad (And So Should You)

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 […]

13 Feb
Learn How To Manage A Rental Investment Property In Panama City

Why I Don’t Recommend Any Of The 78 Banks In Panama

“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 […]

05 Dec

Repatriating Funds From Overseas: Transfers, Taxes, And More

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 […]

14 Nov
How To Use A Foreign Exchange Service

How To Use A Foreign Exchange Service (And Save Thousands)

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 […]