In This Issue...
Have Exchange and Capital Controls Come to the United States?
by Joel M. Nagel, Esquire
Long the champion and beneficiary of free trade and the free flow of capital, the United States last year enacted legislation that a growing number of commentators and professionals believe could be the start of capital controls in America.The provisions are found in a jobs’ bill – H.R. 2847 (also known as the HIRE Act), which became law in March 2010. Title V of the law largely encompasses the Foreign Account Tax Compliance Act of 2009, or “FATCA”...
What To Do?
To Make International Investment
Easier After 2013, Start Now
by Joel M. Nagel, Esquire
If you envision yourself investing internationally in the future, you have just under two years to prepare to transact international business without being turned away by foreign banks, or your having funds subjected to IRS withholding by banks handling transfers.International business attorney Joel M. Nagel recommends the following strategies you can use to prepare for enforcement of the HIRE Act provisions that he outlines in this issue of Hemispheres.
You won’t find a more comprehensive gathering of international experts anywhere. Many of our speakers will not even speak at public gatherings but are only willing to share their insights at a private, invitation only event such as the Hemispheres President’s Week Forum.If creating economic stability and growth is a priority for you this year, you belong with the select group of invitees at Hemispheres' 13th Annual Presidents Week, March 12-16 on the sunny Caribbean island of Ambergris Caye, Belize.
Ambergris Caye: Your Strategic Starting Point
by Ann Kuffner
Editor's Note: I recently met a couple who said they've read plenty of advice about the benefits of diversifying their investments internationally -- but making it happen is complicated. How do you find the international banks, the companies offering investments in precious metals, real estate, timber, agriculture, technology...the list goes on.
At Hemispheres, we suggest that a good place to start would be on Ambergris Caye, Belize. We choose Ambergris Caye every year for our Presidents Week Asset Protection and Global Investment Forum because it combines a beautiful and relaxing Caribbean beach resort and the attractions of picturesque San Pedro Town, plus the benefits of Belize's private banking and Qualified Retired Persons program.
We suggest you start here....
An Accidental Day at the Bottom of the World
by Mike Cobb
As our plane descended through the low clouds into the southernmost town in the world, Ushuaia, Argentina, the view of the snow-capped mountains, the quaint town, and the harbor was fantastic. I quickly noticed, however, that the 11-story cruise ship MS Veendam was not docked, and a bit of concern coursed through my veins.Two days earlier I had departed Managua, Nicaragua with my 6-old-daughter, Emily, to meet the boat mid-trip and sail the second half of the cruise up the coast of Chile. The prospect of missing the boat was serious for two reasons. The first, I would miss my speaking engagement, and two, my daughter would be crushed. I was here for work, but she was here to see the penguins.