| If you love living where you are now,
| |
| | B$250,000 in a registered group
|
| then there is probably no need for you to
| |
| | investment or B$500,000 in another
|
| move.However, after reading this chapter,
| |
| | investment. Temporary permits are valid
|
| you may start to develop itchy feet. The
| |
| | for 1 year. Tourist visas allow you to
|
| grass sometimes IS greener on the other
| |
| | stay for up to 8 months of the year.The
|
| side.What are the advantages of moving?
| |
| | only worry I have with the Bahamas is
|
| Basically that depends on where you live
| |
| | global warming. The country is low lying
|
| now and on how you want to live. Moving
| |
| | and if the sea levels rise most of this
|
| to another country can reduce or
| |
| | country may become Atlantis. The
|
| eliminate income, corporate and capital
| |
| | official language of this country is
|
| gains taxes. Now I've got your
| |
| | English.3. The Turks and Caicos
|
| attention. Here is the BUT If you live
| |
| | IslandsThe Turks & Caicos Islands - lie
|
| in the USA you are taxed by your
| |
| | south east of the Bahamas.This country is
|
| government on your world-wide income
| |
| | a dependency of the UK. There is no
|
| regardless of where you live in the
| |
| | income or company tax, gift tax,
|
| world. That's rude. It may still be tax
| |
| | inheritance, property or sales
|
| advantageous to move however. You won't
| |
| | taxes.Living and residency here is easy.
|
| get taxed twice. If you move to a tax
| |
| | It costs approximately US$2,000 for a
|
| haven where there are no or minimal taxes
| |
| | permit to work or reside here. Don't
|
| you will still have to pay the IRS but
| |
| | even think about looking for a job here,
|
| you won't have any paperwork to do in
| |
| | however.The country is democratic and the
|
| your new home. If you move to a non-tax
| |
| | official language is English.4. The
|
| haven with a double taxation treaty with
| |
| | Dominican RepublicThe Dominican Republic
|
| the USA there are many options open to
| |
| | - ( not to be confused with the
|
| you usually for reducing your taxable
| |
| | Commonwealth of Dominica) is one of the
|
| income. Talk to an advisor who
| |
| | poorest countries in the Caribbean. It
|
| specializes in international taxation.
| |
| | is located east of Haiti and west of
|
| I'm not an accountant. I'm not even
| |
| | Puerto Rico.This country is democratic
|
| American so the US taxation system is not
| |
| | and the official language is Spanish.All
|
| something I am well versed in. However,
| |
| | foreign earned income is tax free here
|
| I do know that significant tax savings
| |
| | and you can live like a king because
|
| are possible when properly structured.If
| |
| | everything is so cheap.If you are
|
| you are a citizen of a country with a
| |
| | American, European, Canadian, British or
|
| residency based taxation system, and most
| |
| | Australian and have an external income
|
| are, then your tax saving opportunities
| |
| | your residency is virtually guaranteed.
|
| are much easier. Just move. Once you
| |
| | After 2 years you can apply for
|
| reside outside these countries the tax
| |
| | citizenship.5. St Kitts and NevisSt Kitts
|
| departments no longer have any interest
| |
| | & Nevis - is a small island group in the
|
| in taxing you. You only need to pay tax
| |
| | Caribbean north of Montserrat and west of
|
| in the country you move to, if that
| |
| | Antigua & Barbuda.It is independent,
|
| country requires it.Tax reasons are not
| |
| | democratic and English speaking.There is
|
| the only reason to move overseas. It
| |
| | no income tax or tax for offshore
|
| isn't even the most important reason,
| |
| | companies.St Kitts & Nevis has a very
|
| saving tax is just a bonus.The real
| |
| | good economic citizenship program, but it
|
| reason, and only important reason to move
| |
| | is expensive. This is the Rolls Royce
|
| is to increase your standard of living.
| |
| | option. It will cost you US$250,000
|
| What you need to ask yourself is this.
| |
| | minimum investment in real estate,
|
| What do you want? Does the place you
| |
| | US$35,000 government fee for the main
|
| live in now provide that for you? Do you
| |
| | applicant, US$15,000 government fee per
|
| want a more laid back lifestyle? Do you
| |
| | dependent, US$2,500 due diligence fees
|
| want to be exposed to less crime? Do you
| |
| | per adult and US$15,000 in application
|
| want a less expensive lifestyle, but with
| |
| | fees. This will give you full
|
| more luxury? Do you want a warmer or
| |
| | citizenship and a passport within
|
| cooler climate? Do you want cheaper real
| |
| | approximately 3 months. This passport
|
| estate and no capital gains taxes? etc.
| |
| | gives visa free travel to many countries
|
| Only you know what you want. Below we
| |
| | as it is a British Commonwealth
|
| will explore some of the best places in
| |
| | passport.6. The Commonwealth of
|
| the world and why. Perhaps one of these
| |
| | DominicaThe Commonwealth of Dominica - (
|
| places will suit what you are looking
| |
| | not to be confused with the Dominican
|
| for.We will also look at the issue of
| |
| | Republic) is an English speaking,
|
| economic citizenship. Economic
| |
| | democratic country. It has been
|
| citizenship programs are made available
| |
| | independent since 1978. Dominica is
|
| by 2 countries presently. They are
| |
| | located south of Guedeloupe and north of
|
| St.Kitts & Nevis and Dominica. These
| |
| | Martinique in the Caribbean.There are no
|
| countries, in exchange for varying
| |
| | income taxes or company taxes. Dominica
|
| amounts of money, will give you instant
| |
| | is also a nature lovers dream. Dominica
|
| legal citizenship including a passport.
| |
| | has a very good economic citizenship
|
| You are not required to live in any of
| |
| | program. It will cost you US$75,000
|
| these countries, but as a citizen you can
| |
| | government fee for a single applicant or
|
| if you want to. The main advantage of
| |
| | US$100,000 government fee for a family of
|
| these programs is the gaining of the
| |
| | up to 4 people. Due diligence fees range
|
| second passport. This is essential for
| |
| | from US$15,000 plus US$700 per person.
|
| world travel if your original passport is
| |
| | This will get you full citizenship and a
|
| from a country that has developed many
| |
| | British Commonwealth passport within 4
|
| enemies. For example, if your aircraft
| |
| | months.7. The Cayman IslandsThe Cayman
|
| or cruise ship is hijacked by terrorists
| |
| | Islands - consists of 3 islands in the
|
| you may survive if you have a St Kitts &
| |
| | Caribbean north west of Jamacia and south
|
| Nevis or Dominican passport because
| |
| | of Cuba.There are no income, inheritence
|
| nobody has an argument with these
| |
| | or capital gains taxes.You can immigrate
|
| countries. If you are carrying a
| |
| | here if you have a spotless reputation
|
| passport from the US, UK or Australia you
| |
| | and at least US$150,000. You must be
|
| are screwed. Also another example is
| |
| | financially independent and not have to
|
| this, if you travel to Arab countries and
| |
| | depend on the local ecomony for an
|
| also Israel you will experience fewer
| |
| | income.8. BelizeBelize - is paradise on
|
| problems with the custom officials in
| |
| | earth. Belize is democratic, peaceful
|
| these countries if you use separate
| |
| | and there are no taxes. It is English
|
| passports with separate visas for entry
| |
| | speaking. Belize is located in Central
|
| into each of these countries. Another
| |
| | America bordered by Mexico and
|
| important advantage of these passports is
| |
| | Guatemala.Becoming a resident is
|
| that they allow visa free travel to a
| |
| | relatively simple. If you stay for a
|
| huge number of countries making travel
| |
| | year you are granted permanent residency.
|
| easier than it may be on your current
| |
| | You just need to have your tourist visa
|
| passport. One of the most important
| |
| | renewed every 3 months for a year. You
|
| advantages of a passport from these
| |
| | must deposit at least US$2,200 into a
|
| countries, however, is the investment
| |
| | local bank. After 5 years as a permanent
|
| opportunities that it opens up. Some
| |
| | resident you are eligibile for
|
| investments are not open to the citizens
| |
| | citizenship.You can easily live a luxury
|
| of some countries. The 2nd passports
| |
| | lifestyle in this country without a lot
|
| discussed here can be used to identify
| |
| | of money.9. Costa RicaCosta Rica - is
|
| yourself to banks and investment
| |
| | located in Central America between
|
| companies and so allow you to invest in
| |
| | Nicaragua and Panama. Costa Rica has has
|
| these lucrative investments. These
| |
| | its problems over the years but things
|
| economic citizenship programs will be
| |
| | are improving and it remains a popular
|
| discussed further under the appropriate
| |
| | retirement destination for many
|
| country listing.Peruse the following
| |
| | people.All income earned outside Costa
|
| country listings and see if any of these
| |
| | Rica is tax free.To gain residency you
|
| options fit your goals. My argument
| |
| | must be able to prove you have an income
|
| regarding residency is this. To live a
| |
| | of more than US$1,000 per month. You
|
| luxury lifestyle you need to earn more
| |
| | just need to have this income exchanged
|
| and spend less whilst improving your
| |
| | into local currency at a local bank and
|
| standard of living. Moving to a tax
| |
| | present the receipts to the Tourisn
|
| haven, I believe, is essential. Reduce
| |
| | Institute every 2 years to renew your
|
| your tax and buy what you want cheaper.
| |
| | permit.This is another country where you
|
| There are many fantastic places in the
| |
| | can live like royalty with little money.
|
| world you can move to and even save tax
| |
| | Costa Rica is a Spanish speaking
|
| in, but many are expensive. Examples of
| |
| | democracy. English is widely understood
|
| these are Australia, New Zealand, Canada,
| |
| | though.10. PanamaPanama - is located in
|
| USA, Bermuda, Ireland, the UK, Andorra,
| |
| | Central America between Costa Rica and
|
| Campione and in fact most places in
| |
| | Columbia. Panams is a well established
|
| Europe are a nice place to live. You
| |
| | international financial centre with very
|
| have to be quite wealthy to live the
| |
| | attractive residency possibilities.Panama
|
| luxury lifestyle in these places. If you
| |
| | is a Spanish speaking country where
|
| are quite wealthy check them out. If you
| |
| | English is well known.Income earned from
|
| are moderately well off then you can
| |
| | outside Panama is tax free. This
|
| leverage what you have and acquire a
| |
| | democracy is a first world country and
|
| luxury lifestyle by moving to the
| |
| | Panama city could be mistaken for
|
| countries I have highlighted below.
| |
| | Miami.Panama has three residency
|
| Almost all of these countries have first
| |
| | options:The Panama Investor Immigration
|
| world products and services at reasonable
| |
| | Program requires an investment of at
|
| prices.Here we go.1. VanuatuVanuatu - is
| |
| | least US$100,000 in a new company or
|
| a group of islands north of New
| |
| | business or in any business in the
|
| Caledonia, southeast of the Solomon
| |
| | country employing at least 3 Panamanian
|
| Islands and west of the Fijian Islands in
| |
| | citizens. The investors must be
|
| the South Pacific.It is a beautiful,
| |
| | directors & officers of the company. OR,
|
| peaceful country and has been independent
| |
| | you can invest US$40,000 in a
|
| since 1980. If you would like to move
| |
| | reforestation project. After 5 years
|
| there you are required to make a positive
| |
| | with this residency permit you can apply
|
| contribution to the economy. This means
| |
| | for Panamanian citizenship and
|
| investing US$50,000 in an approved
| |
| | passport.The Pamana Retiree Residence
|
| investment and also lodge an immigration
| |
| | Program requires you to invest enough
|
| bond to pay for your repatriation should
| |
| | money in a term deposit at the Banco
|
| you make a nuisance of yourself. You can
| |
| | Nacional de Panama to generate at least
|
| opt to invest the US$50,000 in real
| |
| | US$750 per month in interest for a
|
| estate, however, you cannot own land
| |
| | minimum of 5 years. You can also receive
|
| there. You instead purchase a 55 year
| |
| | a non-citizens passport that is good for
|
| lease that is renewable.The people of
| |
| | travel. This program does not lead to
|
| Vanuatu speak Pidgin, English and French.
| |
| | citizenship.The Panama Pensionado
|
| The country is democratic and there is no
| |
| | Residence Program requires you to prove
|
| income tax.2. The BahamasThe Bahamas -
| |
| | that you receive a pension of US$500 per
|
| are a group of many islands south-east of
| |
| | month minimum from any government or
|
| the US and north-west of Cuba in the
| |
| | private source outside of Panama. This
|
| Caribbean.This is a democratic, income
| |
| | program does not lead to citizenship. It
|
| and company tax free country renowned for
| |
| | does however, entitle you to many
|
| its tropical beauty. It is also one of
| |
| | discounts country wide.Dr Gregory Lipke
|
| the few countries in the world where you
| |
| | is the CEO of Cyber Publishing Ltd. He
|
| can buy your own tropical island.If you
| |
| | has a Doctorate of Business
|
| wish to reside here, permanent and
| |
| | Administration & a Bachelor of Science as
|
| temporary residency permits require the
| |
| | well as years of experience in Private
|
| payment of approximately B$1,000 for the
| |
| | Investigation, Personal Protection &
|
| head of the family plus B$20 for each
| |
| | Security. He is the author of Your
|
| family member. Also required if you want
| |
| | Luxury Guide .
|
| permanent residency is an investment of
| |
| |
|
