Best Places In The World To Retire

Belize does not have a lot of selection of items to purchase.  The best things to buy in Belize are the locally made products such as furniture and food products.

Belize does not have a lot of selection of items to purchase.  The best things to buy in Belize are the locally made products such as furniture and food products.

In order for you to get a job in Panama, you have to become a resident of Panama first and apply for a work permit before you could start working here in Panama. You have to be a legal resident in order to obtain a work permit. If you already have a job or let’s say you are coming here as an expat working for a company, generally, the multinational company that you work for will originate and follow through that process for you. If you are doing it on your own, I suggest you hire an...

In order for you to get a job in Panama, you have to become a resident of Panama first and apply for a work permit before you could start working here in Panama. You have to be a legal resident in order to obtain a work permit. If you already have a job or let’s say you are coming here as an expat working for a company, generally, the multinational company that you work for will originate and follow through that process for you. If you are doing it on your own, I suggest you hire an attorney, which can be very helpful in that process as well.
 
In order to get a job in Panama, you have to be in the country of Panama and you cannot be on a retirement visa; you have to have a resident visa. There is a Friendly Nations Visa, which many people are applying for if they choose to move here to Panama without having an employer do the process for them. The Friendly Nations Visa is easy to obtain, but you would need an attorney to file for that process for you.  

 

(Panama entry stamp, pictured.)

It is not mandatory to hire an attorney to buy a house in Portugal.  However, and especially if you are a foreigner, it is strongly advisable to hire a lawyer to represent you and make sure that you signed the right contract, that you are buying the right property, and that the property does not have any liens, encumbrances or charges registered on it.
 
The role of the lawyer in the process of acquiring a property is to do a due diligence on the legal documentation of the...

It is not mandatory to hire an attorney to buy a house in Portugal.  However, and especially if you are a foreigner, it is strongly advisable to hire a lawyer to represent you and make sure that you signed the right contract, that you are buying the right property, and that the property does not have any liens, encumbrances or charges registered on it.
 
The role of the lawyer in the process of acquiring a property is to do a due diligence on the legal documentation of the property, assist in the negotiation of the promissory contract of purchase and sale (typically in Portugal the buyer and seller sign a promissory agreement first and complete on the acquisition within 30 to 60 days) and at the end organize and represent you in the signature of the public deed of purchase and sale that is usually done before a notary and with the registration of the acquisition at the land registry office.
 
Please note that all documentation together with the public deed of purchase and sale will have to be done in Portuguese.  Therefore, if you do not speak Portuguese it will be complicated to assure that all your rights are being taken care of.
 
Finally please also note that Portuguese lawyers registered at the bar association in Portugal will have professional liability insurance which assures the payment of compensation to clients that are wrongly advised.

 

(Tiled house  in Alcochete, Portugal, pictured.)

The electricity in Granada, Nicaragua has improved greatly in the past several years and we hardly ever experience blackouts like we did several years ago. Not to say there are not spikes in the electrical system so you always want to use some type of surge protector on your more expensive items like computers, refrigerators, TVs, etc. 

The electricity in Granada, Nicaragua has improved greatly in the past several years and we hardly ever experience blackouts like we did several years ago. Not to say there are not spikes in the electrical system so you always want to use some type of surge protector on your more expensive items like computers, refrigerators, TVs, etc. 

The FBAR form is now Form 114 and can no longer be filed on paper. You must file it on line at a special US Treasury Site.  It is due for each calendar year on the following June 30th. That due date cannot be extended.  You can incur a $10,000 or more penalty for failing to file the form for any year it applies or for filing the form late.  There are ways around this penalty though and you should consult with an experienced CPA / Attorney to enter into one of these...

The FBAR form is now Form 114 and can no longer be filed on paper. You must file it on line at a special US Treasury Site.  It is due for each calendar year on the following June 30th. That due date cannot be extended.  You can incur a $10,000 or more penalty for failing to file the form for any year it applies or for filing the form late.  There are ways around this penalty though and you should consult with an experienced CPA / Attorney to enter into one of these programs.