Panama has long been recognized as one of the best—and easiest—options in the world for a backup residency. When former president Ricardo Martinelli created the Friendly Nations program in 2012, any citizen of one of the countries on that list could get residency in Panama by opening a local bank account with just a US$5,000 deposit. Today, the […]
Kathleen and I have just returned to Paris from Chamonix, where we spent Christmas with our children and baby granddaughter. We’re following the coronavirus rules in France, but the fact that we’re all able to be in this country and to travel during the pandemic is a testament to the more than 25 years Kathleen […]
On Aug. 7, 1974, Frenchman Philippe Petit made headlines when, in the space of 45 minutes, he crossed four times between the Twin Towers of the World Trade Center. He didn’t just walk—the 24-year-old high-wire artist danced and lay down on the wire, too, balance pole in hand. Whether you look on it as art […]
Fundamentally, an offshore bank account allows you to remove some of your money from your home country’s banking system. That’s the big-picture upside. An offshore bank account, once in place, also can allow you access to alternative investment options not available back home… especially for Americans and Canadians. Through your offshore bank account, you can
Special Report: World’s Top 8 Second Passport Programs The term “economic citizenship” refers to a passive, one-time investment in a country that leads to citizenship and a second passport. In the 1990s, several countries offered buy-a-passport programs—officially known as Citizenship By Investment Programs, or CIPs—that became corrupted and eventually discontinued because citizens carrying those passports [...]
Greece’s Golden Visa program stands out. Nothing else in Europe matches this golden ticket. For a 250,000-euro investment in real estate (just under US$300,000 at today’s exchange), non-EU citizens and their families can get residency of Greece. The visa covers children up to 21 years of age and is granted for five years. After that, […]
Putting yourself in the driver’s seat of your own future is all about understanding your options for action. Choices. It all comes down to choices. The challenge is that, once you’ve identified the going-offshore choices you’d like to pursue, following through on them isn’t as easy as making a quick phone call or filling out […]
Last week was the end of the official tax season for Americans. We all got an extra day this year because the IRS’s online system crashed in the 11th hour. Too much traffic in the final hours leading up to the midnight deadline. Seems more and more people wait until the last minute to file.
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.