Best Places In The World To Retire

You need to be ready to file taxes! The United States has a highly stringent policy when it comes to the taxation of its citizens and permanent residents (i.e., those with a green card). The US government taxes all of its citizens based on worldwide income, which means it does not matter where the money is earned. US citizens and permanent residents may be able to exclude up to $100,800 in foreign earned income provided they meet certain qualifications. Given the high exclusion...

You need to be ready to file taxes! The United States has a highly stringent policy when it comes to the taxation of its citizens and permanent residents (i.e., those with a green card). The US government taxes all of its citizens based on worldwide income, which means it does not matter where the money is earned. US citizens and permanent residents may be able to exclude up to $100,800 in foreign earned income provided they meet certain qualifications. Given the high exclusion amount, most US expats end up not owing any taxes, although they are required to file a tax return. In countries with a higher income tax rate than in the US, it is often preferable to utilize the foreign tax credit, rather than the foreign earned income exclusion to eliminate US tax liability. The foreign tax credit addresses the issue of double taxation. 
 

US persons (including entities) with an interest or signature authority over foreign financial accounts that have an aggregate balance exceeding $10,000 are required to file the FBAR (FinCen 114). The FBAR is separate requirement from your tax return. Failure to file the FBAR carries hefty penalties. Its important to note that with the implementation of FATCA (Foreign Account Tax Compliance Act), foreign financial institutions are providing the IRS with the details of foreign financial accounts held by US persons. As a result, non-reporting is an increasingly risky proposition.

There are many rivers, lakes and waterfalls scattered around Belize.  Many lie within the forest, such as the Thousand Foot Falls, which is found in the Mountain Pine Ridge.
 
Five Blues Lake National Park is one of the most attractive protected areas in Belize.  The area got its name from the different shades of blue represented from its depth and the Sibun River, which is located in the Cayo district and runs off the foothills of the Maya Mountains.

There are many rivers, lakes and waterfalls scattered around Belize.  Many lie within the forest, such as the Thousand Foot Falls, which is found in the Mountain Pine Ridge.
 
Five Blues Lake National Park is one of the most attractive protected areas in Belize.  The area got its name from the different shades of blue represented from its depth and the Sibun River, which is located in the Cayo district and runs off the foothills of the Maya Mountains.

There are several private banks in Nicaragua but most of them require the account holder to be a legal resident of Nicaragua.  Please check this issue with your preferred bank.  Some banks will allow a non-resident to open an account if it is "planilla" account, meaning, you hold a job in Nicaragua and your company deposits your salary into your account using this service.

 

Once you have decided on a bank, you have to bring 2 forms of...

There are several private banks in Nicaragua but most of them require the account holder to be a legal resident of Nicaragua.  Please check this issue with your preferred bank.  Some banks will allow a non-resident to open an account if it is "planilla" account, meaning, you hold a job in Nicaragua and your company deposits your salary into your account using this service.

 

Once you have decided on a bank, you have to bring 2 forms of personal identification (for example valid passport, residency card, driver's license) and reference letters (usually 2) that can be personal or commercial.  You will  have to fill out a customer profile format and sign a contract as well as the signature registry cards.  You may also have to provide a tax statement or credit report from your home country.  These requirements may vary slightly from bank to bank.

 

Remember to always have 2 copies of all the documents as well as the originals.

Boquete is a small mountain town about 45 minutes to the north of David and does not have any beaches nearby. On the other hand, the location of David offers easy access to the mountains or the Pacific Ocean. From the marina in a suburb of Pedrigal on the south side of the city, the waterways lead to the Pacific Ocean.
 
David is only 35 minutes from the nearest Pacific coast beach at Playa La Barqueta. Another beach near David is Las Lajas, preferred by many people...

Boquete is a small mountain town about 45 minutes to the north of David and does not have any beaches nearby. On the other hand, the location of David offers easy access to the mountains or the Pacific Ocean. From the marina in a suburb of Pedrigal on the south side of the city, the waterways lead to the Pacific Ocean.
 
David is only 35 minutes from the nearest Pacific coast beach at Playa La Barqueta. Another beach near David is Las Lajas, preferred by many people because this beach is quite shallow and a good beach for family swimming.
 
To the west of David an hour and fifteen minutes away, you will find some lovely beaches near the town of Puerto Armuelles on Punta Barica and, if you ask one of the locals, they can direct you to an obscure, unique, very picturesque beach south of Alanje called Estero Rico. This one is really worth the trip offering both salt and brackish water beaches on either side of a long sand spit that parallels the coast.