Where to go? How to Decide?

Off Shore Banking

 

Where to Go?

Banks

The banks need to be good and have real bank secrecy. No bank failures. A couple of “rules” about banks; never have accounts in your own name EVER. Have more than one off shore bank account using LLCs or IBCs. Never have ALL your funds in one bank account, and definitely NOT in the country you live in. Should that country crash, you will have funds elsewhere and not be devastated. Buying property should always be in a company name — use an LLC or IBC for this as well. Keeps your name off the public info lists, keeps you private and safe.

Citizenship

Not residency but citizenship. Do they have a clear path to citizenship? If you meet the requirements will they grant it or will your application be pending for years and never approved.  Be careful. Residencies are normally extremely easy, citizenship is not. Apply for residency in Guatemala after 90 days. If not, you need to leave the country every 90 days to get your passport stamped. Residency has it’s good points here; can own and carry guns, no need to leave the country to get the passport stamped, can get a driver’s license.

Constitution

The government needs to have a constitution and enforce it.

Corporation

They need to be issuing anonymous bearer share corporations; this is an indicator of how the nation feels about privacy.

Currency

Needs to be not tied to the USD or any other currency. Needs to not be the USD and this knocks out Ecuador, Panama and El Salvador. For example, Guatemala has an exchange rate of almost 8 GTQ to 1 USD — that’s an excellent exchange rate when you are living on your social security or other foreign income. Also, in Guatemala, off shore income is not taxed. Guatemala is NOT dependent on the USD.

Food

Country should have abundant, high-quality food supply. Food should be cheap. Growing season should be nine months or longer. No chem trails nor aerosol spraying of the people or crops… In Guatemala, they have a year-round growing season.

Guns

 This is another way to see how free you are going to be. If you can buy and carry guns it is a most excellent sign.

Wages

 Look for places with low wages. Makes it easier if you need to start growing food and raising animals.

Weather

 You should be able to live easy enough without heat or air conditioning.  Antigua, Guatemala, is at about 5300′; most homes there have no a/c nor heating, other than fireplaces. Weather is spring-like all year round — 55 lows, to 75-80 highs. Not much humidity in this city either. Living at some beaches is very humid and hot, if that’s for you, then fantastic! Just investigate first!


How to Decide?

You should definitely try take a trip to any country you are considering before you relocate there. If this is not possible, then do your best research. Do you want snow? Sun? Desert? Do you want to have a huge garden, or do you want to dine out all the time? There is an entire planet to explore; don’t think you have to settle in just one place.

Think about how you want to live; what is important to you. Do you want to invest in real estate in a specific country, or just rent a home or apartment there? Are you happy staying home, or do you want to travel? Do you have children? Need schools? Pets — can they be brought into the country? What are the rules? Health issues? Need to be close to hospitals and doctors?

There are many many fine, top-of-the-line hospitals and doctors planet-wide. Many countries where you can find treatments and remedies that you can’t find in the USA.  For example,laetrile, or vitamin B17 — this is readily available and legal in most countries, and hasn’t been in the USA. Looks like some forms are now available in the USA to treat cancer and other diseases. A couple other sites are: VitaminB17.org, and metabolicproductssupply.com. The point being, do some research if you have specific needs or wants before relocating.

Sit down, and make a list of what you want, what you are willing to accept, and what you definitely don’t want. Think of the pros and cons. Do your “due diligence” first before making the move.


Reality Check!

  • Working Abroad

    Abroad

    Most of you will be seeking out countries where the cost of living is low. Not many of you are going to be moving to Monaco where a 2 bedroom apt. costs $13,000 a month and one could get a decent wage assuming one had working permits there.

    With the low cost of living comes low wages. If you are capable of starting a business fine. If you are self employed fine. Internet businesses is another way to go. Working as a teacher is a common one; forget this unless you wish to work for peanuts and are bilingual with fluency.

  • Bank

    Banking

    Do not do serious banking where you live. Keep your serious savings in another nation for safe keeping. A corporation or LLC or IBC is a good idea for a small bank account to cycle household bills through. Use a corporation or LLC or IBC to own or lease the house, cars, utilities etc. Keep your name out of public records as much as possible, you do not know what the future will bring.

  • Car

    Cars

    OK this is a big expense here. Some popular expat countries will tax an imported car into the ground. A $30,000 car in Ecuador could cost double that due to taxes. You need to investigate this.

    Read more

  • Furniture

    Furniture

    In some expat countries furniture is very cheap. For example, in Guatemala wood furniture is real cheap. You can walk in with Architectural Digest and have pieces custom made for 10% of US price. So if you sell furniture before coming you can use the suitcase moving trick.

  • Gold Silver

    Gold & Silver

    Here is the problem. First getting the metals out can cause issues. Receipts, source of funds, seizure etc. Now if you get the metals out transporting them is another issue. So you show up in the new country with 100 1oz gold rounds. Great. You declare them great. Now the customs guy has his buddies rob you leaving the airport. Think it doesn’t happen, guess again.

    Read More

  • Gun

    Guns

    We get calls about importing the 43 gun collection. Forget this. That is a militia or a gun store to many of these expat countries. Once you get situated as a permanent resident or citizen (this varies from country to country) you can have guns and import them. Plan on 3 guns. Some types of guns are not allowed which also varies by country.

    Read More

  • Health Insurance

    Health Insurance

    If you are so inclined buy it in the country after you are there. Local doctors can advise you as to what works there. Do not buy expat health insurance.

  • House

    Houses

    We suggest renting for the first six months to a year. This lets you figure out what city or section of a city you really want to live in. You get to learn if you like the country or not. Don't just jump in. Always have a lawyer do the lease or purchase. Never use a lawyer known to the landlord or seller. Do not let the realtor suggest a lawyer. Go find your own lawyer who has nothing to do with any of the parties involved in the real estate.

  • Health Care

    Medical

    Alternative health care availability will vary from country to country. Check this out before moving to make sure you do not get shut out. Chiropractors are not found everywhere for instance. You will find there are a lot of US board certified docs in most of these countries.

    The hospitals will be cleaner and friendlier with low secondary infection rates as a rule with exceptions of course. Usually drugs are available without a prescription for you and your pets. Prices for drugs should be about 1/3 or less of US prices.

  • Dog

    Pets

    You may not yet know this but your dog can bark in Spanish, French and even Chinese. Watch he will show you that the dogs in the new country understand him. You need to contact a vet stateside to get shots, health certificate and US Dept. of Agriculture approval to get the pet out of the USA.

    This can take two weeks easily. Getting the pet in varies from country to country. Usually takes 45 min like in Guatemala. Some places may have a nasty quarantine, be careful. Dogs and cats are easy. Snakes, parrots, ferret, iguanas and other more exotic pets can be very problematic so investigate this thoroughly.

  • Personal Property

    Personal Property

    OK many will say I will bring a 40 foot container. OK. You can even anchor your car in there and pack the car up nicely to save space. The country you are going to will ask for a list of everything. We mean everything!

    Read More

  • School

    Schools

    Look at home schooling or private schools that are bilingual. The private ones are usually quite good and affordable. Home schooling can lead to home schooling groups which can be good.

  • Shopping

    Shopping

    If you like GMO foods and other various and sundry toxins locate the nearest Walmart. Trust me there are plenty. They also have Price Club and Sams Club equivalents. They have a great variety of food with MSG, GMO ingredients and many other toxins

    Prices are cheap and declining health will be almost immediate. Seriously these places are good for things like: batteries, ball point pens, pads, copy paper, toner, appliances, toilet paper, razor blades and some other things for the home. Find out where the locals shop. Might be an open air market. Go there for your meats, fruits and veggies. Food should be much cleaner, cheaper and fresher plus its fun to shop there.

  • Incognito

    The Sneaky Move

    Here is a "sneaky way" to move. You will need to read the section on furniture too. Assuming you do not need to bring furniture, just load up 10 to 20 suitcases and move this way. Typically there is no VAT tax this way, no container charges, no insurance, no nothing.

    The airline will ding you whatever for extra suitcases so the move might cost you $2000 max. If you cannot handle all the suitcases break it up into two trips. No waiting for your stuff, no local moving charges, packing, customs brokers, etc. Think this one through hard but it can be a a real help for some people. Yes you can pack the kid's toys and books.

Need more info?Email to set up an appointment for a consultation: admin@expatglobalventures.com

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Disclaimer: We do not give tax nor legal advice. The following information is offered only as a point of view. You are encouraged to evaluate this information and act according to your own reasoning and conclusions. Because we encourage independent thought and personal responsibility, we do not accept credit nor liability for the use or misuse of this information.