Question from an IM Member: "I know a few places that I would be happy living, but I want my company to be located in at least two different countries in order to diversify myself even more. What do you recommend?"
Question from an IM Member: "Will I be able to have the (foreign) company in my name or will there have to be other arrangements?"
Question from an IM Member: "What are the limitations of owning a company abroad (can it be a real estate investing or stock holding company)?"
Many people dream of moving abroad, but one question that often paralyses people from taking action is, "what will I do for money?" Today we share the story of Barbara Diggs, an American woman who has figured out how to survive overseas by using nothing more than her brain and a laptop... becoming a freelance writer.
It wouldn't be a stretch to say that privacy, at least in much of the Western world, is pretty much dead. Every day seems to bring a new assault on this most basic of human rights - whether it be to do business and hold bank accounts in another country without government influence, to travel from one place to another without in-depth tracking or simply to surf the Internet without government, business, and/or criminals keeping tabs on everything we do.
With so many economic problems in the world, why is so much attention being paid to the Greek woes? Is there more to the Greek debt problem than is apparent on the surface? Jeff Thomas considers various possibilities and why we should pay attention.
Last week we featured part 1 of native-Russian Mark Svoboda's recent trip to Tanzania as he looks around for his next Shangri-la. We discovered that, in addition to its friendly people and their celebrity-like acceptance of foreigners, the Sub-Saharan African country seems poised for a big economic boom. Today Mark continues with his "on the ground" notes as he touches down in Kilimanjaro...
Relocating to a foreign country may entail myriad challenges. Sometimes, one of the biggest barriers is language. Because many people around the world speak English (and business is often conducted in English), learning to speak a foreign language may seem unnecessary or irrelevant. Any excuse to avoid the struggle of memorizing irregular verbs will do. If, however, you want to be a participant and not just an observer of life in your new home and if it is important to you to feel at ease among the citizens of your adopted country, then it is essential that you be able to communicate with them in their language.
Over the past two weeks, we've been talking shop with Ryan Losi, a Virginia based US CPA who specializes in international tax planning. In today's conclusion, we talk about some of the most common mistakes Americans make when heading overseas, as well some thoughts on where the increased regulation and enforcement might ultimately take us.
There are many things to consider when one decides to internationalize. There will be some give-and-take, and we probably won't find everything that we want in any one location. However, with some forethought and imagination, we can find a place that will suit us fairly well. Jeff Thomas discusses a few of these considerations and how to avoid being disappointed.
Over the past few months we've followed the journey of Mark Svoboda, a Russian-turned US expat, as he travels the world to find his own Shangri-la. Today Mark tells us about his recent trip to the African nation of Tanzania.
Last week, we started a conversation with Ryan Losi, a Virginia-based tax accountant who specializes in helping American expats manage their financial and reporting requirements back home. Today, we pick up the conversation with some insights into different income tax deferral programs available to Americans living overseas...
While using gold as collateral for a loan might be uncommon, it is certainly not impossible... especially when it comes from governments who basically consider the yellow metal a relic of more barbaric times. Well, in the strange world we live in, this might not be so far off the mark, as Jeff Thomas explains.
Thanks to advances in technology, there are now virtually no obstacles holding governments back from monitoring your every move. Kyle Gonzales comments on this chilling development, as well as what you can do to protect yourself.
As the second half of the Greater Depression seems set to begin, fear will dominate the hearts and minds of many. Still, there are ways to endure through the hard times, and indeed, to even improve one's financial situation. Jeff Thomas considers that age old investment that now makes sense more than ever.
We get a lot of questions but by far, one of the most common goes something like this: "What is the best overseas jurisdiction for me?" Of course, the answer will depend on a variety of factors - not least of which includes your citizenship and residency, as well as your goals and your personal preferences. Today, Toronto-based tax planning expert, Greg McNally, is here to guide us through some of the options available, specifically tailored to our Canadian readers.
Recently, a reader posted the following comment at the end of one of our articles: What if you're not a person with hundreds of thousands of dollars to set up international accounts and businesses in other countries that might be able to withstand the financial meltdown/turmoil of USA? I mean for example if you're a recent college graduate with only a few dollars in your bank account, is it too late for such a person to get out of dodge?
Clearly, the World Wide Web has changed the way we live, and may be considered a blessing and a curse. The blessing is the instant access to immeasurable amounts of information on every imaginable subject at our fingertips. It's mind-boggling. The curse is (among other things) not always being able to access that information, for a variety of reasons. No doubt we've all experienced the exasperation of not finding what we seek online, frustrated after hours of searching. One must know what questions to ask and where to look.
Today I have the pleasure of introducing you to Andrey Dashkov, a very recent immigrant from the northeastern European country of Belarus. He and his wife both moved across the pond to Canada in late 2011 and in this interview, Andrey talks about his experiences and what it took for him to leave his homeland for the Great White North.
If you dream of living the PT [permanent traveller] lifestyle but have children and are concerned that it will be too difficult to move around with kids in tow, not to worry. I personally know a number of people who have done and continue to do it successfully.
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