Live and Invest Overseas

Retire Overseas

More Shortcuts For Launching Your New Life Overseas

April 6, 2010
Panama City, Panama

PLUS:
  • Give The Bo-Bo's What They Want--Paris' Plan For Rebuilding Les Halles (Again)...
  • "There Are A Lot Of Logistical Issues In Doing All This, But, Thankfully, We Were Forewarned At Your Seminar, So We're Taking It All In Stride"...
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An English-speaking Paradise On The Caribbean

Belize is a tiny, under-populated, under-developed country (there are but three highways in the whole place) blessed with a long Caribbean coast and a sprinkling of islands just offshore fringed by white sand and palm trees. It's quintessential Caribbean served up for the non-jet-setter. For, while Belize is more expensive today, certainly, than it was the first time I set eyes on it, more than 20 years ago, it still can be called a bargain.

Plus, Belize has a great deal to offer beyond its Caribbean coast and islands. Inland, in the Cayo, Belize is a land of off-road mountain, jungle, river, cave, and waterfall adventures. And that's not to mention the countless (and sometimes undiscovered) Mayan ruins.

Would it be a "good" place to live? Not for everyone. Belize is a 21st-century corsair's playground, a frontier where you make your own way and the government interferes nearly not at all. This is a country for independent thinkers and self-sufficient sorts.

On the other hand: Belize is, in fact, one of the easiest places in the world to obtain foreign residency. It's also one of the best tax havens in the world...

The advantages, appeals, and attractions of Belize are many.  

Go Here Now To Learn More

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Dear Live and Invest Overseas Reader,

In Sunday's dispatch, I pointed you to top options if your primary agenda in seeking out a new life in a new country has to do with reducing your cost of living, elevating your standard of living, realizing your dream of a life at the beach, or pursuing adventure abroad without having to invest in learning a new language.

Today, more shortcuts based on other compelling reasons for seeking out a new life in a new country...

For Great Weather:
  • Tropical Weather That's Not Too Hot, Not Too Humid: Belize
For Doing Business:
  • Panama: In this day and age, you could start a business anywhere. Therefore, before you can determine where best you might indulge your entrepreneurial inclinations, be clear in your agenda. Are you moving to a new country to start a business? Or are you interested in retiring overseas and thinking that, once there, you'd like to find a productive (and maybe profitable) way to fill your days? Then, as important, will your business be local or international? Will you have a storefront (perhaps retail) or an office where customers or clients will visit...or are you thinking more along the lines of an Internet or consulting enterprise?
If you're moving for the purpose of starting a business, then put the business requirements first. The ease and the costs of incorporating; corporate and income tax rates; the infrastructure; and the local English-speaking labor pool...these things become top priorities.

I've started and operated businesses in eight countries. When I decided two years ago to launch my Live and Invest Overseas undertaking, I considered options for where to base it in the context of my previous 23 years of international doing-business experience...and I targeted Panama City. Hands down, this is the world's top jurisdiction for starting and operating a business, certainly the best choice in the Americas (an important consideration if you're planning to do business with the North American marketplace).

For Easy Access Home: For Part-Time Retirement Overseas: Perhaps you're not ready to make the leap for good. Maybe you'll never be prepared to cut the ties back home with your children, your grandchildren, the home you've lived in for decades, or ongoing business concerns completely.

These are good reasons to retire overseas part-time. Two others are the weather (why not move south when the snow begins to fall up north?) and budget. If your retirement nest egg is modest, your prospects for retirement living in the United States may seem grim. On the other hand, if you spend half the year someplace where the cost of living is significantly reduced and rent out your home while you're away, your retirement funds could expand accordingly during the months you're "back home." Retirement could go from a source of concern to a cause for excitement.

Other places that make sense as part-time retirement choices are those where establishing full-time residency is a hassle or even impossible.

Top part-time havens include:
  • Argentina or Uruguay (where the seasons are the reverse of those in North America)
  • Mexico (very accessible if your starting point is North America)
  • Croatia (where full-time foreign residency is all but impossible to organize but part-time living is a pleasure)
Kathleen Peddicord

Editor's Note: These shortcuts to a new life overseas are excerpted from Kathleen's new book, How To Retire Overseas, in U.S. bookstores now.

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Amidst vistas of nearly indescribable beauty, you can pay US$200 a month for rent, spend only 1% of the usual cost of health care, and enjoy a nice dinner out for US$1.50.

The world doesn't get any cheaper. And, in many ways, it doesn't get any better.

We have prepared complete "Country Retirement Reports" on the world's five most affordable overseas retirement havens...places that are not only super cheap, but also beautiful, safe, welcoming, and, in some cases, boasting near-perfect climes, superior foreign retiree benefits, established expatriate communities, tax advantages, and more.

We'd like to send you all five of these fully detailed Country Retirement Reports (a US$69.75 value) with our compliments when you take us up on this special limited-time invitation.

Go Here Now To Learn More

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TODAY:

"Les Halles, the giant wrought-iron food market, called the Belly of Paris by Balzac, that used to stand between the Louvre and the Marais, was torn down in the 1970s and replaced by a subterranean shopping mall with gardens on top," writes Correspondent Paul Lewis from the French capital. "If you want to see the old market again today, take a plane to Manaus in the middle of the Amazonian jungle, where rich rubber barons recreated them 100 years ago. Paris has no Halles.

"But the new Paris shopping center never really worked. Beurs are sucked in to this area every weekend from the depressed outer suburbs thanks to a high-speed regional rail system, the RER. As a result, the Halles area has become a by-word for gangs, crime, and fighting. Now, 40 years on, the whole scheme is to be drastically rebuilt over the next seven years at a cost of millions of euro and the death of 360 trees.

"The gardens are being redesigned to give more repose to the bo-bos, the bourgeois bohemians who inhabit the neighborhood and want to be kept apart from young immigrants.

"But the RER remains, and the beurs will continue to invade this area of central Paris from their cités in the outer suburbs. A study by University of Paris anthropologists revealed that they prefer the Halles district to more fashionable parts of the city like the Champs Elysée, because the rich seem further away.

"Meanwhile, Saint Eustache, the enormous church on the northside of Les Halles, has raised another awkward question about the plan: What will happen to 400 or so homeless people who sleep in the shopping mall and who are fed by the church's soup kitchen? It wants the city to find a new shelter for the sans-abri and to provide a new soup kitchen."

MAILBAG:

"Kathleen, Cynthia and I have made the decision to relocate to Boquete, Panama. We should be there by mid-summer. The international movers come next Monday.
 
"The critical information we gained as the result of your Live & Invest in Panama seminar in February has been very helpful in making all the arrangements. We were lucky to find an excellent real estate agent specializing in Boquete. He introduced us to an American builder and a fine Panamanian lawyer whose firm has been around over 100 years and whose mother was recently President of the Panamanian Supreme Court.
 
"We're flying to David on April 16 and will be staying for 10 days. During that time we'll probably purchase a piece of land, open up a retail banking account, meet with the builder, and have the lawyer draw up the immigration papers, create the foundation and the corporation, and handle any real estate closings. In addition, we're opening up an account with Peter Zipper's bank in Belize.
 
"There are a lot of logistical issues in doing all this, but, thankfully, we were forewarned at your seminar, so we're taking it all in stride.
 
"My best to you and your staff."

-- Mike E., United States

Editor's Note: Our next Live & Invest in Panama Conference is scheduled for Oct. 20-22, 2010, again in Panama City. You can get your name on the list for special pre-registration discounts here.

 

 

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