Kathleen and I flew from Panama to Belize City Tuesday morning for this week’s Live and Invest in Belize Conference. Passing through the airport, we picked up a copy of the local paper. Big topic in the press and on everybody’s mind in this country is banking. Belize is being beaten up and knocked around […]
Belize is indeed a small offshore banking jurisdiction. It has five international banks. In the past several months, every one of them has lost its correspondent bank. A correspondent bank is the connection between a small bank and the rest of the banking world. Without a correspondent bank, a small retail bank can’t accept incoming […]
Here’s another reason to have at least two bank accounts overseas: So you can move your money when one of them gets shut down. Years ago I had an account with the local Panama operation of Stanford Bank. I woke up one day to find that Stanford Bank had been taken over by Panama’s Banking […]
We got right to the point: Diversification. It’s the surprisingly simple answer to the sometimes seemingly impossible-to-process question: How do we survive the current age…and the even more troubling one that may be coming?
What would an ideally globally diversified financial life look like? I could imagine as many answers to that question as people asking it. However, I’d also identify key common denominators that should be part of any global diversification strategy. If you’re just getting started at this, here’s the most important thing to understand: This doesn’t […]
The small country of Belize nestled on the Caribbean coast of Mesoamerica doesn’t really fit in. Belizeans speak English, so they aren’t part of the Central American region culturally, and, as the country itself is tucked below Mexico on the Yucatan peninsula, Belize is not really part of Central America geographically either. European settlement in […]
At last week’s Live and Invest in Belize Conference, I was able to catch up with Belize contacts and friends. I learned two specific things from my discussions and meetings that I think are worth passing along. The first is that Belize now requires all IBCs to confirm to their registered agents that they are […]
He’s asked Kathleen Peddicord, therefore, to fill in for him today… My first trip to Belize, coming up on 30 years ago, was organized courtesy of the Belize Tourism Authority. I was a starting-out travel writer; the BTA was looking for press. This was well pre-“Survivor,” pre-“Temptation Island.” The only people who knew this tiny […]