Philosophically, when we decided to move to Mexico, we took precautions. For instance, all of our assets basically are in the US, with the exception of this house. We have a Mexican bank account, which by the way is a pain in the neck now, because of the requirements of the US government whereby we have to file annually, a 13-page form about where the money in that account came from and what's your average balance was and all that. We have a deed to this house. We own a car here.
All of our investments are all basically in the US and we just periodically, in addition to our Social Security and US bank accounts, credit card bills are paid out there. Every once in a while I transfer some money via wire transfer to our Datamex Mexico Bank account. Then I get a certain amount of pesos and I use that for just day to day stuff. I think, however, in any foreign country, you need to be aware and respectful and knowledgeable about their rules, laws, and customs. As long as you play within those rules, I think generally, whether it is Panama or Honduras or Ecuador, generally, you are safe. Also, expats with few exceptions are small fish.
We have one of the best lawyers in all of Yucatan. He was our lawyer when we bought the house, when we made sure it has clear title to it. We pay the taxes on time. We do all the things we are supposed to. We do not have any problems. All of our employees are legal. Nobody is going to come and sue us for back wages or anything else like that, because our co-administrator puts their salaries in their bank accounts directly. We pay our employees their bonuses. We pay their Social Security taxes. We play by the rules and we have no problems.