Welcome to Offshore Living Letter, Your #1 Resource for Offshore Diversification

Tag: Five Flags

05 Apr
Five Flags: Comparing Panama And Portugal

Five Flags: Comparing Panama And Portugal’s Citizenship, Residency, Real Estate, And Taxes

Americans tend to dismiss Europe for offshore lifestyle and investment options, thinking this part of the world is too complicated or too expensive. The truth is that some European countries can be cheaper than destinations that might much sooner come to mind for obtaining residency or investing in real estate. Portugal is one of them. […]

23 Jun
A man signing papers for residency. Discover Where And How To Establish Foreign Residency

Where And How To Establish Foreign Residency

A friend is pursuing multiple residency options concurrently. He’s in different stages of trying to establish residency in several different countries with an eye to eventually obtaining citizenship in each one, as well. He figures that at least one of the applications won’t work out. Plus, each comes with different time lines and requirements, and […]

19 May
Dominican Republic Residency

Dominican Republic Residency Raises Flag-Planting Options

In my Monday dispatch, I reported on the option to qualify for residency in the Dominican Republic by making a US$200,000 investment in a CD in that country. A reader wrote yesterday asking for clarification. He was confused, because his Dominican attorney had assured him that he had to use a corporation to qualify for […]

14 Jan
Running offshore laptop business while on the beach

Why Offshore Investments Have Real Benefits

Traveling in the United States over the holidays I was reminded, as I always am, that that country is one of the easiest places in the world to live and spend time. You might wonder, therefore, understandably: Why do anything offshore in the first place? Easier, surely, just to stay put. Overregulation, overreach, invasions of […]

22 Oct
Offshore Bank Account

How To Open An Offshore Bank Account

Yesterday, day one of the Global Asset Protection and Wealth Summit Lief is hosting in Panama City this week, he and I had lunch with banker friends in town for the conference. One, with 30 years of experience in the global banking industry, sat down, looked around the table, and said: “I wish I hadn’t […]

10 Aug
Diversification Strategy: Planting Five Flags

The Diversification Strategy Of Planting Five Flags

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 Panama 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 […]

06 Oct
How To Diversify Your Financial Life Offshore

How To Diversify Your Financial Life Offshore

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 […]

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 [...]