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Category: International Business

07 Feb
The Shrinking Middle Class In America

The Shrinking Middle Class In America

The Plight Of The American Middle Class At dinner one night this week with a friend here in Panama City, the subject of the American middle class came up--specifically, the decline of the American middle class. This isn't a new topic, but my friend, Bruno, who is European, born and raised in Italy, but who [...]
15 Nov
In The Room With The Heaviest Hitters In The Offshore World

In The Room With The Heaviest Hitters In The Offshore World

How To Go Offshore: You Can Do It Yourself (Shocker) This week's Offshore Summit has been organized around a series of panel discussions, one for each of the Five Flags being considered. Yesterday morning, Mark Nestmann, one of the world's leading experts in offshore residency and second citizenship, led a panel discussion related to choosing [...]
16 Aug
Politesse For Investors Abroad

Politesse For Investors Abroad

Speak The Language Of Investors Back in Paris after having been gone for several years, my French, limited when living here, is, well, more limited. But the good news is that this is Paris, and, despite what many Americans say, you can get by here, even full-time, with very limited, even hardly any French. Certainly, [...]
02 Aug
Investing In Coffee In Colombia

Investing In Coffee In Colombia

"Grown In Colombia"--A Business Opportunity (It's Probably Not What You Think) I wrote last week about the abundance of business and investment potential in Colombia right now. We noticed opportunity everywhere we looked. Our daughter, for example, decided to try exporting the cow hides we found for sale in a roadside shop just outside Medellin. We [...]
31 May
Euro Is Down 6% Against The U.S. Dollar In May

Euro Is Down 6% Against The U.S. Dollar In May

Euro's Fall Creates Opportunity For Property Investors In Search Of Diversification The euro has lost 6% against the U.S. dollar in the month of May and is rapidly approaching its most recent low (June 2010) of US$1.20. Make no mistake. It's the euro losing value against the dollar, not the dollar gaining value. The financial [...]
21 May
Advantages Of Opening A Bank Account Offshore

Advantages Of Opening A Bank Account Offshore

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 […]

14 May
FACTA Hearing May 15 In Washington, D.C.

FACTA Hearing May 15 In Washington, D.C.

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 [...]
26 Apr
Cultural Challenges Doing Business Overseas

Cultural Challenges Doing Business Overseas

"Why Would I Do That?" An Irish reader was incensed by my Monday letter. He took offense specifically to my comment suggesting that the Irish electrician who didn't show up until weeks after the appointment he'd set only showed up after he'd run out of pub money. My new Irish friend didn't take the position that [...]