Tag Archives: International Living

Deciding on Living in Medellin, Colombia: The Good & Bad

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“I would say that I have now become semi-nomadic. I travel very differently than others in that I rent a furnished apartment anytime I move overseas. Since I day trade in the stock market and run other businesses online a reliable Internet connection is a necessity. To boast my credentials I will inform you that I have lived in 12 countries spanning five continents.  All unique countries in their own right but nothing compares to living in the city of eternal spring.  It has been noted in countless lists as one of the best places to live including the official Wandering Trader best places to live in South America list.  The most important list of all right?”

http://wanderingtrader.com/living-overseas/living-in-medellin/living-in-medellin/

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Venezuela struggles to attract tourists

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“After neglecting the tourism sector for years, in favor of the lucrative oil industry — Venezuela has the world’s largest proven reserves — the government in Caracas is now working hard to attract visitors. However, the country suffers from outdated infrastructure — hotels, highways and domestic flights are all lacking — and wary foreigners who choose different destinations after seeing Venezuela’s high crime rates. Colombia welcomed 2.1 million visitors last year, 4.5 million people flocked to the Dominican Republic and its famous resorts and Brazil had 5.6 million visitors. In 2011, Cuba opened its doors to 2.6 million tourists.”

http://www.rawstory.com/rs/2013/08/20/venezuela-struggles-to-attract-tourists/

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Offshore Jurisdiction Review: Malta

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“Malta is attractive to entrepreneurs, workers, and retirees alike. The government has special programs for high net worth retirees.  There are several tax advantages to living in Malta. Only income remitted into Malta is subject to taxation, meaning you can own offshore investments and not pay a dime in tax. Furthermore, remittance of capital gains into Malta is tax free.  Malta has no inheritance tax, wealth tax, or annual property tax. Put together low taxation, low cost of living, and year-round sunshine, and it becomes clear why Malta is very attractive to live and work in. EU nationals do not need any residence permit.”

https://www.internationalman.com/78-global-perspectives/989-offshore-jurisdiction-review-malta

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Why Puerto Rico’s Attractive as a Tax Haven

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Why Puerto Rico’s Attractive as a Tax Haven

“Barry Breeman, Caribbean Property Group Cofounder, discusses the tax laws in Puerto Rico and the push to make the commonwealth a tax haven. He speaks on Bloomberg Television’s ‘Market Makers.'”

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Marc Faber: I would own physical gold

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Marc Faber on shadow banking, market psychology, & the global impact of American monetary policy

“Faber noted weakness in such sectors as home builders, retailers, airlines and food companies. That made the precious metal a strong play, he added. ‘First of all, I have a preference for physical gold, held in a safe deposit box outside the United States, and preferably in Asia, for a variety of reasons,’ he said.  Faber chided gold bears for missing the precious metal’s 1999-to-2011 bull run.  Faber also said that he had recently bought stock in Newport Mining, Freeport-McMoRan and Barrick. As a member of their boards, Faber also owned equity in Ivanplats, NovaGold and Turquoise Hill, he added.”

http://www.moneycontrol.com/news/commodities/i-would-own-physical-gold-dr-doom_937604.html

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Has your life been stolen from you by the IRS?

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“This stupid witch hunt which people inside the U.S. think is going after the uber rich ‘off shoring’ in ‘tax havens’ has done more to harm low and middle income ‘targets’ than anything I’ve seen them do down there in a long time. The comment by President Obama last week that they are paying to fix their infrastructure by ‘repatriating taxes’ is a LIE, it’s NOT ‘taxes’ It is fines and fees and penalties on paperwork nobody ever heard of outside the U.S. for the most part and they know it. If it were taxes it would even come close to being enough, as according to American Citizens Abroad, 82% of expats would owe zero taxes.”

http://isaacbrocksociety.ca/2013/08/14/has-your-life-been-stolen-from-you-by-the-irs-comment-of-the-day/

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A congressional speech on the centennial of the Expatriation Act of 1868

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“In 1868, men stood on the floor of the House and quoted philosophers from the Roman Republic, Germany, Switzerland, and the Netherlands in support of the proposition that emigration and change of citizenship are basic human rights. In 1968, men stood on that same floor and spluttered that Americans who emigrated and changed their citizenship were traitors who should never be allowed to return for a visit.”

http://isaacbrocksociety.ca/2013/08/13/a-congressional-speech-on-the-centennial-of-the-expatriation-act-of-1868/

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U.S. Expats Balk at Tax Law, Reconsider Citizenship

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“Withers, in Hong Kong, says that many of its clients are giving up their green cards and U.S. citizenship after filing their taxes, deeming the tax liability to be too onerous.  Among them are American expatriates who see their Singaporean and Hong Kong peers paying a far-lower income tax and aren’t subject to capital-gains taxes, Mr. Krause said.  The foreign grantor trust is becoming a favored method for passing on wealth, said Mr. Krause of Withers. Such trusts are ‘highly advantageous’ to families living abroad, he said.”

http://online.wsj.com/article/SB10001424127887323585604579007860126146566.html

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How Edward Snowden and others can avoid $450 U.S. citizenship renunciation fee

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“Snowden would only have to demonstrate with a preponderance of evidence that he has committed an act of treason.  Sufficient bi-partisan accusations from notable political figures have accused him of treason that he should be able to make such a claim.  The downside would of course be that an attempt to relinquish in this manner would be tantamount to a confession to the alleged crime. I wrote a blog post in February, 2011, explaining that those who relinquish citizenship should be able to avoid the new $450 renunciation fee that the State Department had begun to assess to renunciants by making a claim to have already relinquished their US citizenship.”

http://isaacbrocksociety.ca/2013/08/13/edward-snowden-can-relinquish-his-united-states-citizenship-and-thus-avoid-450-renunciation-fee/

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Got grandparents? Four places where you can become a citizen.

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“Nobody ever hijacks an airplane and threatens to kill all the Lithuanians. There are no evil men in caves plotting to blow up buildings in Uruguay. There are no angry crowds in Karachi protesting civilian casualties from Panama’s unmanned drone fleet.  And perhaps most importantly, there are no banks or brokerages around the world closing their doors to Slovenians simply because nobody wants to do business with their government. Now, there are a number of ways to obtain a second citizenship… but again, the quickest and cheapest route is if you happen to be part of the lucky bloodline club.”

http://www.sovereignman.com/lifestyle-design/got-grandparents-four-places-where-you-can-become-a-citizen-2-12556/

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