Best Places In The World To Retire
Recently Answered Questions
Can I bring my dog or cat or other pets to Mexico?
What are the best things to buy in Portugal as opposed to other places?
One of the best things to buy in Portugal is the Portuguese wine. Portuguese wine is not exported as much as in other places, which is a great shame because the wines here are really prize-winning and they are excellent.
One of the best things to buy in Portugal is the Portuguese wine. Portuguese wine is not exported as much as in other places, which is a great shame because the wines here are really prize-winning and they are excellent. What's the cost to rent an apartment in Coronado, Panama?
Apartments in Coronado, Panama are more expensive than renting a house. You might be able to find one for US $1,200 in Coronado, but it would most likely be $1,500 and up depending on what time of year you rent. It can be as high as $100 per night if you are on short term rental.
Apartments in Coronado, Panama are more expensive than renting a house. You might be able to find one for US $1,200 in Coronado, but it would most likely be $1,500 and up depending on what time of year you rent. It can be as high as $100 per night if you are on short term rental. What are the holidays of Nicaragua?
Christmas and Holy Week are considered national holidays in Nicaragua.
Christmas and Holy Week are considered national holidays in Nicaragua. What would my neighbors be like in Belize?
Your neighbors in Belize are going to be a mix of expats and locals, combined. Of course, this is contingent on where you decide to live. If you decide to live in a predominantly expat community behind gated walls, then that is very different than living amongst the community. My personal choice was to live in Belize with Belizeans, although I have expats around me, too.
Your neighbors in Belize are going to be a mix of expats and locals, combined. Of course, this is contingent on where you decide to live. If you decide to live in a predominantly expat community behind gated walls, then that is very different than living amongst the community. My personal choice was to live in Belize with Belizeans, although I have expats around me, too. In general, what do I need to know about FBAR (Foreign Bank Account Report)?
According to the Foreign Bank and Financial Authority (FBAR) regulations, the IRS must allow individuals to open private offshore bank accounts. So long as the aggregate value of all foreign financial accounts does not exceed $10,000 (USD) at any time during the calendar year, the assets need not be reported. Be mindful of interest bearing accounts, for if your total offshore accounts exceed $10,000 (USD) the IRS requires you to report it or risk facing a maximum penalty of five years in...
According to the Foreign Bank and Financial Authority (FBAR) regulations, the IRS must allow individuals to open private offshore bank accounts. So long as the aggregate value of all foreign financial accounts does not exceed $10,000 (USD) at any time during the calendar year, the assets need not be reported. Be mindful of interest bearing accounts, for if your total offshore accounts exceed $10,000 (USD) the IRS requires you to report it or risk facing a maximum penalty of five years in prison and the loss of up to 50% of your assets.
Properly executed, the benefit to such a strategy of moving money offshore lies in having a family open an offshore bank account in the name of each family member in the amount of $9,990 (USD) into a non-interest bearing account. Provided a person is careful to adhere to established guidelines this is a safe way to quickly move tens of thousands of dollars out of the country, depending on the number of family members in your household.
The Internal Revenue Service (IRS) considers all income reportable regardless of the source or location derived and most assets held offshore are reportable, however some are not. When looking to preserve your assets it is important to understand the difference between taxable income and reportable assets. As with all offshore structuring, consult with your legal or tax advisor to ensure your activities are in compliance with the laws of your resident country.
Recently Posted Expat Stories
Cave Man and the Woman who Climbed Everest
Here are two contrasting characters who have crossed our path in the neighborhood. One is well-known for being homeless and without possessions, the other well-known for being the first woman from Central America and from Guatemala to plant the country’s flag on top of Mount Everest. Andrea Cardona’s story is available for anyone to read on the internet, but our connection to her is told here. The only ones who know of Cave Man’s notoriety live around this area. He...Living in Pedasi, Panamá
I´m just now ready for lunch, waiting for my grilled tuna sandwich with a tall glass of fresh squeezed pineapple juice! After all, this is the famous “Tuna Coast” of Pacific Panama.

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