I recommend regularly that you have at least one bank account offshore…and that opening a bank account offshore can be the easiest first step to diversifying and internationalizing your life. But why? Why is a bank account in another jurisdiction such an important thing? First, a clarification. When I speak about having a bank account […]
Team USA--Pissing Off The World's Banks For Nickels And Dimes We've been reporting on the 2010 Foreign Account Tax Compliance Act (FACTA) requirements since the bill was introduced two years ago. Now, the implications and consequences of what amounts to one of the most arrogant and extra-territorial pieces of legislation in history are beginning to [...]
Living an international lifestyle used to be for the rich and famous only.Travel was expensive, but, more important, moving money around was also expensive…and complicated. When I took my first trip to Europe more than 25 years ago, I didn’t have a credit card. Even if I’d had one, it wouldn’t have helped me much. […]
Take Action Now...Before They Change The Rules On You In my Monday dispatch to you, I suggested Barclay's international branch in London as a place to take a first step in diversifying yourself offshore...by opening a bank account there. A reader wrote in Tuesday to tell me that the boilerplate at the bottom of the website [...]
The Best First Step You Can Take To Diversify Your Life Offshore Offshore diversification may be a new agenda for most Americans, but, for much of the rest of the world, it's second nature. Traveling in Argentina a few weeks ago, I was reminded of this. Any Argentine with any extra cash has a bank [...]
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.