There are a number of reasons why investors choose to go offshore with their money. Some of our clients go offshore because they generally look for a place where they can go in the winter time so they buy themselves a little house, condo, or a piece of land offshore. They tend to go where it's nice and hot so they can get away from the cold. That typically goes hand-in-hand with having an offshore bank account.
Who is John Galt? If you are a capitalist and proud to say it, you probably already know. Remember to save the date, September 12, 2014. Part 3 of the movie, Atlas Shrugged will be premiering in theaters across America. It won't be a blockbuster shown everywhere, but check the link below to see where in your area the movie will be show. Go see the movie on the 12th and let Hollywood know it's a movie that matters. Then if you like the message take a friend back the following weekend. You can also view a trailer at the link below.
Belize's largest island is becoming one of the main destinations for travelers, expats, and retirees in the Caribbean and Central America. In fact, it was voted "Best Island to Retire On" by Island Magazine in 2009, and held the distinction of being named "Best Island in the Americas" by Travel & Leisure Magazine. Let me introduce you to Ambergris Caye. You'll see that it has a number of unique qualities that make its community stand out from all other places in the country.
If you're a U.S person with an unreported offshore bank account, the IRS is making you an offer you can't refuse… again. Come forward now and you can avoid the Foreign Bank Account Reporting (FBAR) penalty, which can be as high as $100,000 per year.
The proposal, known as the Offshore Voluntary Disclosure Initiative (OVDI), is the third and final offer from the IRS before various laws come in to affect that will force foreign banks to disclose accounts owned by U.S. persons (residents and citizens). Come clean now and the Service will go easy on you. Make them come after you and pay the price later.
Show me the Money
Double Your Money in 5 Years Astute investors are putting their money in select passive income investments averaging up to 20% or more a year. These passive income investments can double your money every 5 years with no stock market risk. Later, when the passive income company goes public or becomes part of a merger/acquisition, capital gains profits follow that also multiply wealth in addition to the annual income investors receive. In the interim, your can receive annual income in excess of the historic returns of the stock market and enjoy peace of mind performance without market volatility.
The Best Investment for every Profolio
A good friend, Kathleen Peddicord published an article recently by her lead correspondent that is worth sharing. It was titled, "Why We Hate GatedCommunities...Or Do We?" It really captures some ideas that most folks don't think about when buying overseas. Many of us love the idea of living offshore and enjoying the higher quality of life for less. It's one of the major appeals to moving overseas and international living.
That said, what we sometimes forget are just how important peer relationships are. We take this for granted because in our home countries we can slip into relationships with our associates and colleagues easily. There is rarely any cultural barrier or challenge.
When most people hear about others taking their lives to Central America, they generally think they are only there for a vacation, or they're looking for a more affordable retirement location. That isn't always the case though. It is true that a number of Central American countries run on the tourism industry and it's also true that the area becoming a rising hot spot for retirees. However, it's very possible to relocate to one of these countries and find work. As long as you do the right research, it's not as hard as you might think. We often hear about success stories from happy couples who made big steps in relocating, and we're always happy to share them with you.
All investors and clients who believe their communications with trusted service providers are private should take note. Conversely, all service providers (such as lawyers, doctors, accountants, financial advisors, etc.) who believe their communications with clients are private --- and in some situations, privileged --- should also take note.
If you believe the revelations reported by The Guardian after a recent July 17th interview with NSA whistleblower Edward Snowden, you should consider encrypting all such communications.
Here's a summary of what Snowden said in his interview with The Guardian, along with Snowden's original quotes:
Voyaging through Nicaragua was my first introduction and experience into this new country. Arriving at the border crossing between Costa Rica and Nicaragua, it was soon apparent that Nicaragua was going to be a serene and pleasant adventure. The feeling of safety and comfort that came over me was much needed while on this journey. In comparison to some of the other countries that I have visited, Nicaragua quickly made its way to the top. I admired and appreciated everything from the police, to the locals assisting with directions. Although the directions given might not be top notch, they will always give it a valiant effort.
When it comes to taking your life abroad, the idea can seem very daunting because there is always that sense of uncertainty acting as a road block to your dream life. It's perfectly normal to feel that way, but becoming an expat is not as hard as you might think. In fact, if you really want to pursue that exotic island lifestyle you've only experienced through day dreaming, the benefits significantly outweigh the risks. More and more people are making their way to expat communities so they can live the lives they have always dreamed of. People like you every day are taking that first step and they haven't looked back since.
