The Ultimate Privacy Protection: Foreign Real Estate

“If you own a foreign property in your own name … registered to you as a legal person in your own right … you are under no obligation whatsoever to report its existence to the U.S. government. Even if you earn income from the property, such as rental, you don’t have to identity the property when you file your U.S. tax returns.  If you own property in a foreign country, it doesn’t form part of any U.S. property registry or tax database. There’s no way anyone can find out that you own it … with two exceptions.”

http://thesovereigninvestor.com/asset-protection/privacy-protection-techniques/

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A Second Passport: Outsmart the TSA

“Avoiding visas and anti-U.S. sentiment isn’t the only reason a second passport comes in handy. Privacy is a huge bonus. I regularly visit countries that don’t penalize U.S. visitors using my second passport. I do this specifically to avoid having entry and exit stamps in my U.S. passport, where TSA snoops can see and record them. My international travels are all for perfectly legitimate reasons. But so were those of Laura Poitras, a U.S. journalist and filmmaker who has been subjected to detention, confiscation of her personal effects, and other forms of harassment at the U.S. border — all because she is openly critical of the U.S. government’s abuse of our constitutional rights.”

http://thesovereigninvestor.com/asset-protection/advantages-of-a-second-passport/

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The EU Blacklist: A Warning for Investors to Stay Away?

“There are 30 ‘non-cooperative’ countries, including tiny Niue in Polynesia, a country of just 1,600 people living at a subsistence level. That the EU sees this country as a threat borders on the ridiculous and shows that their motives are about control and not an honest warning that a country is abetting terrorists. It seems increasingly clear that the EU took the shotgun approach here: anybody not in the US/EU club is characterized as ‘non-cooperative.’  Until now, the targeted countries have been tolerating this economic bullying, but this latest attack has provoked some pushback.”

http://www.internationalman.com/articles/the-eu-blacklist-a-warning-for-investors-to-stay-away

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John Templeton, R.I.P.

“John Templeton was one of the greatest stock pickers of the last century.  He began his fortune in a crisis market.  The year was 1939. The Great Depression was still on, and Nazi Germany had just invaded Poland and kicked off World War II.  It was in this environment of fear and pessimism that Templeton (just a few years out of college) invested $10,000 in 104 US stocks selling for $1 or less.  Four years later, his profits would prove him right. He sold his portfolio for a 300% gain. It was the beginning of what would turn into one of the largest investment empires in the world.  In 1962 Templeton renounced his US citizenship. He became a citizen of the Bahamas, which has no income tax.”

http://www.internationalman.com/articles/doug-casey-on-a-man-who-starved-the-beast-of-100-million

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Kazakhstan, Kyrgyzstan, Ukraine, and Lithuania Trip Report

“Before the end of the spring semester, I couldn’t bear the thought of spending the three weeks between the end of my junior year and the start of my summer internship bumming around at home, so I took Google Flights to the task to find the furthest place I could get away from Pittsburgh at the lowest cost per mile.  The result? A four-country getaway and a story of a lifetime.”

http://www.flyertalk.com/forum/trip-reports/1689102-kazakhstan-kyrgyzstan-ukraine-lithuania-ukraine-international-airlines.html

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Why you need offshore gold storage

“If you choose to store your gold in a private vault facility, you add a layer of privacy to your assets. At least as I write this, precious metals held in non-bank facilities are not subject to government reporting in the United States.  There are gold storage facilities in more privacy-friendly countries from Switzerland and Austria to Singapore and Hong Kong. Austrians love for secrecy gave birth to one of the world’s only anonymous gold storage facilities, located in Vienna.  Asians love gold and the economic centers of the continent are making it easier to buy and store metals. I recently wrote about how to get secure offshore gold storage in two different Singapore vaults with ease.”

http://nomadcapitalist.com/2013/05/06/why-you-need-offshore-gold-storage/

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Skype Translator Preview now open to all Windows users

“When I used Skype Translator in December last year, it was breathtaking. I held a conversation with a native Spanish speaker in spite of not speaking a word of Spanish.  Since then, Skype Translator has added more languages—it now speaks Mandarin and Italian in addition to English and Spanish—and in instant messaging it handles many more, some fifty in total, including Klingon.  Until now, the preview has had only limited availability; interested parties had to sign up specially and could not get immediate access. That limitation ends today. The preview is now freely downloadable (Windows Store link) and available to anyone using Windows 8.1 or Windows 10 preview.”

http://arstechnica.com/information-technology/2015/05/skype-translator-preview-now-open-to-all/

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Estonia opens online applications for world’s first e-residency program

Dear current and future e-Residents,

Hello from Tallinn! The big day has finally arrived — we have just launched the e-Residency online application site!

As of this morning, it is now possible to apply for e-Residency at e-resident.gov.ee (https://e-estonia.com/e-residents/about/?utm_source=newsletter4&utm_medium=email&utm_content=1&utm_campaign=eresident ) anywhere in the world. Once your application is approved, just one face-to-face meeting is required to collect the card!

To begin, visit e-resident.gov.ee (https://e-estonia.com/e-residents/about/?utm_source=newsletter4&utm_medium=email&utm_content=1&utm_campaign=eresident ) , fill in the online application, upload your photo and a
photo of your identity document, state your reason for applying and pay a 50 euro state fee. We ask for your application motivation to have an overview of our customers (you!). We also want to manage the risks and conduct the necessary background checks to prevent digital identity misuse.

Once your application has been submitted, the Estonian Police and Border Guard Board will carry out your background check. Once your application is approved, you will be invited to your chosen pickup location to identify yourself, give fingerprints and collect your e-Resident smart ID card and card reader. The whole process should take about a month.

You can pick up the card from our foreign embassies and consulates in 34 countries around the world, or at Police and Border Guard Board service points in Estonia. Please note that the Estonian honorary consuls do not issue e-Residency and we currently do not plan to expand the number of pickup locations.

As of today e-Residents can:

  • Establish an Estonian company online within a day. At the moment a physical address in Estonia is required, which may be obtained using a virtual office service provider.
  • Administer the company from anywhere in the world.
  • Conduct e-banking and remote money transfers. Establishing an Estonian bank account currently requires one in-person meeting at the bank, and is at the sole discretion of our banking partners.
  • Access online payment service providers
  • Declare Estonian taxes online. e-Residency does not automatically establish tax residency. To learn about taxation and to avoid double taxation please consult a tax professional.

We continue to work with the private sector and government agencies to enhance our existing services and create new programs for e-Residents. As an example, it currently requires an in-person meeting to open a bank account, or the help of virtual office providers to establish a company with a legal Estonian address. We are working hard to make these services more accessible and user-friendly soon. Stay tuned.

Our government is developing e-Residency like a startup. We launched it fast and agile, and we are constantly working to improve and extend this revolutionary program. e-Residency is now in a public beta phase:  everybody is invited to apply and help us cater it best to you, the new e-Estonian — a new kind of digital and global citizen. For that, we depend on your feedback and guidance.

Since the issue of security has recently been raised, I feel that it is important to tell you about it as well. A digital identity itself does not bring along new risks, such as money laundering. Instead, it makes existing risks more visible and manageable as digital footprints are easily traceable. We have extensive logging and fraud analysis, which we make use of at our discretion and on reasonable suspicion. We also thoroughly check the background of prospective e-Residents to make sure we can trust them as future members of the Estonian e-Society.

Estonia is known worldwide for its advanced cybersecurity competence, and we take good care to mitigate the possible risks of e-Residency. The e-Resident ID itself as well as the services are built on state-of-the-art technological solutions, such as 2048-bit public key encryption. Procedures and practices are in place to ensure the safety of e-Residents’ data and that limit possibilities for misuse.

Thank you for the incredible amount of positive feedback you have already given us — and please keep writing! We have learned that people from around the world view e-Residency as an opportunity to fulfil their dreams, venture across digital borders, and free themselves from corporate bureaucracy. Our long term vision is to offer to every world citizen a government-issued digital identity and the opportunity to run a trusted company online, unleashing the world’s entrepreneurial potential.

The e-Residency application portal was officially launched this morning at Nordic Digital Day, a one-day conference about Nordic ICT innovations and reforms held during ICT Week 2015 in Tallinn, Estonia.

Please find more information at e-resident.gov.ee (https://e-estonia.com/e-residents/about/?utm_source=newsletter4&utm_medium=email&utm_content=1&utm_campaign=eresident ) and follow us on Twitter @e_Residents (https://twitter.com/e_Residents)

We look forward to welcoming you as an e-Resident!

Kaspar Korjus, Program Director
and the e-Residency Team
Tallinn, Estonia

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Smartphone & Laptop Searches: Know Your Rights

“There are a lot of reasons why you might not want an airport security agent to rifle through your computer.  When flying, we consent to put our laptops in separate x-ray bins for inspection. Likewise, depending on the routes we fly, we also consent to turn our phones and laptops on to prove they are genuine. But what about when the scrutiny our devices undergo reaches another level?  We’re going to explore what rights customs and TSA agents have to inspect your mobile devices and computers.”

http://www.makeuseof.com/tag/smartphone-laptop-searches-know-rights/

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Man arrested for refusing to give phone passcode to border agents

“Alain Philippon arrived at Halifax Stanfield International Airport in Canada and was stopped by border agents.  He had flown in from the Dominican Republic.  As the Canadian Broadcasting Corporation reports, the agents wanted access to his cell phone. Philippon refused to give them the passcode and was arrested.  A spokeswoman for the Canadian Border Services Agency confirmed me to that he has been ‘arrested under section 153.1 of the Customs Act for hindering.’  Was he hindering? Or was he, as he told CBC, merely protecting something he deemed personal?”

http://www.cnet.com/news/man-charged-for-refusing-to-give-up-phone-passcode-to-canadian-border-agents/

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