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Category: International Business

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, […]

04 Aug
planting flags

Five Ways You Need To Diversify Internationally To Fully Protect Yourself

I’m reviewing and clarifying my ideas related to the Five Flags theory of diversification in preparation for my opening remarks at the Wealth Summit I’m hosting in Belize in October. If you’re new to the idea, the “Five Flags” are to do with residency, citizenship, banking, assets, and business. Not everyone needs all five flags […]

26 May
Filing Your FBAR

Tips For Filing Your FBAR

A friend I caught up with last week in Medellin, an American, told me with a grin that he’d already completed and filed his FBAR for this year. He was pleased with himself for getting  it in early…until I reminded him that, starting this year, the FBAR must be filed electronically. My friend had filled […]

28 Apr
How To Send An International Wire Transfer

How To Send An International Wire Transfer

I’m getting a lot of feedback from people trying to send international wire transfers. A reader wrote this week to say: “I went to my bank branch to initiate a wire transfer on Monday. The teller had to call over the branch manager to help with the paperwork. Once the manager saw I was transferring […]

17 Mar
Lief Simon

Self-Sufficiency In Cayo, Belize

The idea behind Maya Spring Estates is privacy and elbow room. The developer has allowed for only 20 lots, each one big enough to serve as a base for a fully self-sufficient lifestyle. Lot sizes range from 2.5 acres up to more than 9.5 acres, meaning you have enough room to build a house and […]

07 Mar
Lief Simon

Challenges Of Doing Business Offshore

This is Carnival week. Depending where in the world you find yourself, that’s more or less a big deal. Here in Panama, Carnaval (yes, they spell it with an “a”) is a very big deal. I managed to avoid the drinking, the loud music, and the up-all-night craziness by staying in Panama City. Most all […]