Live and Invest Overseas By Kathleen Peddicord

Living And Learning Overseas

Jan. 20, 2015, Panama City, Panama: Living or retired anywhere in the world, one way to continue your education is through free massive open online courses (MOOCS).

Dear Live and Invest Overseas Reader,

Henry Ford said that "anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young."

I think moving abroad amounts to one of life's great learning experiences. Live in a different culture for a while, you'll start to think like the locals do, at least a little bit. Before a trip to Turkey years ago, I asked an expert on Turkey how I could prepare. "Take your head off," he said, "and screw it back on the other way around."

Besides learning by moving, we learn on the job, by raising children, by reading and listening to others, and so on. But in recent years we've also been able to take classes online, free, at the world's best universities. I'm talking about MOOCs, or massive open online courses.

If you're interested in learning (and in staying young, according to Henry Ford), I encourage you to look at MOOCs. You can take a free course in just about anything you can think of, from computer programming to cosmology, calculus, or history. If you have Internet, you can take these courses from wherever you happen to be living.

Two online sites provide most of the MOOCS: Coursera and edX. You can get a complete rundown on the MOOCverse hereCoursera, for examples, offers free courses from Stanford, University of Virginia, Yale, University of Tokyo, and many more.

I got started taking courses when a friend recommended one. He wanted me to accompany him in a Robert Shiller course at Yale on markets and money. I knew Shiller and was curious at what he had to say on the subject. I enjoyed the online course along with the email discussions with my friend.

I was hooked.


How Don And His 9-Year-Old Grandson Are Retiring Overseas

May 30, 2012, Mercedes, Uruguay: Mercedes, Uruguay, a small, quiet, riverside town, could be ideal for relocation in retirement or with school-aged children.

Dear Live and Invest Overseas Reader,

"My name is Don, and I'm an aviator with an uncontrollable curiosity problem," writes new Uruguay Correspondent Don Peterson.

"Two years ago, we sold our company. My share was almost enough to retire on if I gave up most of my bad habits and managed to avoid living too long. Not a viable plan. I'd always wanted to live in another country and learn a foreign language, so I took this as the opportunity. A strategy emerged. I would reduce my cost of living while launching a new adventure.

"I'm also the full-time solo guardian for my 9-year-old grandson. I believe that a person will have to be multilingual and culturally diverse to prosper in the world in which he'll be an adult. So I've brought him along for the adventure.


Why Panama Is The Best Place In The World To Base Your Business

May Day, 2013,Panama City, Panama: Panama offers many important advantages for the entrepreneur running an international or laptop-based business.

Dear Live and Invest Overseas Reader,

You make three decisions in life that matter. You choose what to do to support yourself. You choose who to come home to at night (or maybe you choose to come home to no one...fair enough). And you choose where to come home.


Property Rush In Grenada Ahead Of New Invest For Citizenship Program

Aug. 16, 2013, Panama City, Panama: Grenada has bounced back from their position on the money-laundering blacklist, as a compliant, economically stable Caribbean investment destination.

Dear Live and Invest Overseas Reader,

Grenada's new government is expected to revive its "Citizenship By Investment" program before summer's end. The island is struggling with debt and hopes the program will create some much-needed cash flow. 



Offshore Structures—What Do You Need, How Much Is Too Much?

Sept. 25, 2014, Panama City, Panama: When deciding what offshore corporations, trusts, IBCs, or other structures you need, less is more and simpler is better.

Dear Live and Invest Overseas Reader,

A consulting client came into our office yesterday to ask me some questions about how to structure property investments he's making in Panama and Colombia. This client has been working with attorneys in both of these countries as well as in the country where he set up his LLC, but he wanted to make sure he's fitting all the pieces together as advantageously as possible in the context of his big-picture goals.

"In the context of his big-picture goals" is the critical phrase here. No single entity or set of entities fits every situation. What you find, though, is that whatever advisor you work with has his or her individual experiences and advises based on what he or she is familiar with.

Most Panamanian attorneys, for example, will advise you to put any property purchase into a corporation. Because that's what they do in Panama, both locals and foreigners. Historically, this has been to avoid capital gains tax, which is not imposed on the sale of company shares. You could set up a single-purpose corporation to hold a piece of property, then, when you wanted to sell that piece of property, you were in fact selling the company that owns it...meaning no capital gains tax issue.

Panama changed the relevant tax rule years ago, but people in this country still put real estate they buy into Panama corporations. There are other reasons why using a Panama corporation to hold your Panama real estate can be a good idea, but you should understand them before taking a Panamanian attorney's blind recommendation. Don't let custom dictate how you organize your affairs. Question the reasons why you're being advised to do whatever you're being advised to do, in Panama or anywhere.

The client who came in to meet with me yesterday had been advised by his Colombian attorney that, if he wants to have the title for the property he's investing in in that country issued in the name of his offshore LLC, he'll need to have the LLC documents officially translated and apostilled. That is mostly accurate. I confirmed with my attorney in Colombia that, yes, the LLC documentation must be officially translated but only the certificate of formation...not all 20 pages of the articles of formation. That difference saves money and time on the translation.


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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.


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