A Country With a New Name, Making Expat Dreams Come True, and Good News for Retirement Planning

This article was published in the Escape Artist Weekly Newsletter on April 20, 2018. If you would like to subscribe to the newsletter, please click here.

Hello readers,

This week, I discovered why it is important to embrace your new community. The story of one British expat in Hong Kong will prove my point. Also, after 50 years of independence, one country is looking for a new identity.

If you are looking to travel the world during your retirement, or just want to make sure you are financially sound, a self-directed IRA could be what you need. This week, we will introduce you to NuView Trust Company. With NuView, you can create an IRA that works best for you.

Also, at the end of this round-up, find out how you can have a hand in helping us with the very first Escape Artist Conference! We also have an internship opportunity to join our team this summer, so keep reading to find out more.

______________________________

Want to Work for Escape Artist? Join Our Team!

This summer, Escape Artist is offering a special marketing internship for ambitious individuals looking to dive into the world of international business. Join up with our team to help expand and manage our network of global partners working to keep Escape Artist at the forefront of the industry.

This is a great opportunity for self-motivated individuals looking for remote work. Join the digital nomad movement! If you, or someone you know, would be interested in working remotely as an EA intern (with a path to full-time employment), contact us here for more details!

______________________________

One Last Hurrah

The Hong Kong community has gone above and beyond for one British expat who wants to return home one last time.

Sixty-one-year-old David Coates has lived in Hong Kong for 21 years and is now battling stage four stomach cancer. He didn’t think he’d be able to say goodbye to family members and tour the countryside of his hometown of Middlesbrough one last time.

The local community has chipped in immensely, helping him buy a plane ticket home and financing his wife’s medical treatments, who just recovered from breast cancer herself.

Any story where an expat has become a staple in their new community warms my heart. Coates even described the Hong Kong community as his adopted hometown. At Escape Artist, we fully endorse becoming a part of your new community, no matter how long you stay. You never know when you may need them.

______________________________

A Country by Any Other Name…

Swaziland leader, King Mswati III, announced that the country will have a new name. Rather than Swaziland, the country will now be called the Kingdom of eSwatini. The word “eSwatini” translates to “the land of the Swazi.”

This decision marks not only the 50th anniversary of Swazi independence, but also the king’s 50th birthday. Mswati has been referring to Swaziland as eSwatini for years, even calling it by the new name while addressing the UN in 2017 and the state opening of the country’s parliament in 2014.

Many were angered by the name change, because they believe the monarch should be focusing on more important issues, such as the country’s slowing economy.

______________________________

A Country’s First Movie Showing in 40 Years

If you haven’t seen Black Panther yet, I highly recommend watching the film. One country even chose to show the movie after years of banning public showings.Consumer Resource Guide

On Wednesday, an AMC movie theater opened in Saudi Arabia, in the capital city of Riyadh, after a 40-year ban on public cinemas. The first movie they chose to show was the Marvel hit, Black Panther.

The theater was converted from a concert hall and opened with an invitation-only premiere of the film. Government officials and foreign dignitaries were in attendance. The general public was able to purchase tickets for a Thursday and Friday showing.

This is a great moment for the country. Movie theaters began shutting down in the late 1970s, after the country passed an array of ultraconservative laws.

______________________________

Need to Supplement Your Retirement Savings?

Are you happy with your employer-sponsored 401(k) but want to save more for retirement? With a self-directed IRA, you can save more for your retirement and have more control over the investments.

Escape Artist is excited to introduce our newest partner, NuView. I have personally been using their services for years now and am happy to share those benefits with you.

NuView is a leading provider of self-directed IRA accounts and I can’t say enough about how easy they are to work with. A self-directed IRA is an essential part of a successful portfolio, and I would encourage you to reach out to them if you have any questions.

NuView can assist you in creating your self-directed IRA and make sure you get the most out of the investments. Whether you want someone to guide you through your investments or you’d prefer to do the work yourself, NuView can make the account work for you.

With your NuView IRA, you can choose from real estate, precious metals, private companies, and more.

Do you dream of spending your retirement lying on the beach or exploring a new culture? NuView can make these dreams a reality with a self-directed IRA.

______________________________

Thank you for reading this week’s round-up! If you’re interested in learning what it’s like to expatriate, don’t hesitate to ask some questions. At Escape Artist, we aim to ensure that your travels abroad run as smoothly as they can.

Whether you are planning on living, working, retiring, or investing overseas, Escape Artist can help you every step of the way. Don’t forget to check out the eBook store for the 2018 Expat Tax Guide and our wonderful country guides!

For more information on what’s going on in the international scene, check out some of this week’s newest articles!

Conderence

P.S. Do you have questions about how to live abroad and what the experience is like? Are you looking for international investment opportunities? Want to meet like-minded people who are in the same boat as you? Come hang out with other EA readers and the Escape Artist staff! We will be hosting an event this year and can’t wait to meet you!

Click here to find out more information and to stay in the loop on locations and dates! It’s important that this event be exactly what YOU want – no alternate agenda or product pitches! This is about answering YOUR questions!

In order for the event to be a success, take a second to fill out this survey. By sending us your thoughts, you can tailor the event to your specific overseas needs. We will also be supplying a 10% discount during registration to everyone that filled out the survey to make the event possible!

See you there!

TAX CONSIDERATIONS FOR SELF-DIRECTED IRAs

Self-directed IRAs are traditionally for those who wish to invest in vehicles that are not typically associated with Roth or standard IRA investing. That can include real estate, closely held business entities, private loans, precious metals, and so much more. The only restrictions are those that are placed federally, such as life insurance or collectibles.

Some of the differences between choosing this type of IRA over another involve: the freedom to choose your own type of investment vehicle, working with a custodian rather than a brokerage firm, and…

Read more.

3 THINGS YOU SHOULD KNOW ABOUT SELF-DIRECTED IRAs

You can choose to follow the regular IRA route with the bank or brokerage firm of your choice, but in doing so, you forfeit some of the freedoms you could have enjoyed if you’d chosen to go the self-directed route. In choosing a self-directed IRA, you take on more responsibility, but you also open your portfolio up for more investment options.

Many banks and firms allow for IRA investments in only the traditional sense – so, via stocks and bonds or mutual funds. Once you choose…

Read more.

OPENING A CRYPTOCURRENCY EXCHANGE IN ESTONIA

Estonia is the best place right now to open a cryptocurrency exchange, especially if you don’t require local banking. You don’t get called the European Silicon Valley for nothing. Estonia’s legal framework regarding financial technology companies and its position as part of the European Union makes it a great bet for opening a business involving the trade of virtual currencies.

For a complete list of jurisdictions for a crypto exchange, see: Where to Start a Cryptocurrency Exchange – Crypto Friendly Countries. This 11-page post includes information on Estonia and most other crypto-friendly jurisdictions.

For a more general discussion of how to start an international cryptocurrency exchange from scratch, either in…

Read more.

ESTONIA KEEPS INVESTING IN THE FUTURE WITH ESTCOINS

In 2014, Estonia became the first country in the world to allow foreigners to become digital residents, giving them access to payment processing services, financial services, banks, and certain companies in the Northern European country.

After the massive success of its e-Residency program, Estonia and the creator of the digital residency platform, director Kaspar Korjus, launched the first national cryptocurrency, the Estcoin.

Estonia is quickly making a name for itself as the European Silicon Valley, with many projects being related to the thriving digital market. In June 2017, Estonia opened the first digital embassy in the world in…

Read more.

BECOME A DIGITAL RESIDENT OF ESTONIA

Estonia might not be a country that you can easily point out on a map, but it’s a leader in global residency. You might know that the country is located somewhere in Europe, but few can identify the impact that Estonia is currently having on the European Union. Estonia’s new digital residency program is quickly changing what most people think of the Northern European country.  

Estonia has been taking advantage of the digital revolution we’re experiencing. One of its most popular slogans promotes the fact that there are only three administrative things that you can’t do online: get married, get a divorce, and buy a house. The program that cements this modern ideology is…

Read more.

This article was published in the Escape Artist Weekly Newsletter on April 20, 2018. If you would like to subscribe to the newsletter, please click here.