Winter Olympics, Escaping the Cold, and Popping the Bubble

This article was published in the Escape Artist Weekly Newsletter on January 05, 2018. If you would like to subscribe to the newsletter, please click here.

Welcome to 2018! Now that the holidays are over, it’s time to focus on what the New Year will bring – and to see if you uphold those resolutions you made last week. We at Escape Artist plan to continue our resolution of reaching out and making sure expats are living their best lives in their new homes.

It looks like North Korea may have made a New Year’s resolution with South Korea. Will we be seeing both nations at the Winter Olympics this year?

If you are being hit by the big snow storm on the east coast of the U.S., find out below where you can go to escape the bitter cold, and keep reading to find out how to adjust to your new home as an expat. We know that embracing a new and foreign community can be difficult, but we’d like to help you out with a few tips.

Unexpected Visitors

The 2018 Winter Olympics in South Korea are approaching, and athletes from all around the globe are preparing for one of the most popular athletic competitions in the world. I personally enjoy the Winter Olympics, not just for the incredible athleticism, but also to see people from different countries celebrate together every two years.

On January 9, representatives from North and South Korea will be meeting on whether or not North Korea will be sending delegation to Pyeongchang this February to compete. The meeting will be held in Panmunjom, in the demilitarized zone on the border. North Korean leader Kim Jong-un believes that sending representation to the games is a good opportunity to show unity among the North Koreans.

Along with talks of the Olympics, it is said there will be discussion of the relationship between the two countries following heightened tensions.

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Bomb Cyclone? No Thanks

For those of you in the U.S., you may have heard about the huge snow storm that is affecting the east coast. Now, I’m not a meteorologist, so I don’t have the slightest clue what a “bomb cyclone” is, other than a cool name for a rock and roll band – but I do know that it doesn’t sound great in term of weather. This storm has brought harsh snow and bitter cold temperatures to many in the U.S., and some people have had enough!

If you are trying to escape the cold, check out some of these beautiful places around the world during the winter months:

Mexico: With close proximity to the U.S. and ideal warm temperatures, American and Canadian expats find Mexico to be an easy destination for staying warm. This country has also ranked highly in friendliness and ease of settling in.

Costa Rica: As one of the top 5 dream destinations for expats, this tropical country can be everything you want and more. Instead of shoveling your driveway, or bundling up just to get the mail, you could be exploring rainforests or relaxing on the beach.

Belize: Located just below Mexico, this country’s peak season is during the harsh winter months in the U.S. If you find yourself on the coastal cayes, you will spend your days on the beach with other expats sipping a nice cold beer.

Escape Artist is full of great ideas on how to escape the cold this year. Stop by and check out what the the world has to offer!

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Don’t be Shy!Consumer Resource Guide

This New Year, you may find yourself on an expat journey to a new country. When you arrive, you may find it difficult to get your footing, so don’t be afraid to rely heavily on the expat community in your area. This is a great opportunity to meet new people and get acquainted with your new home, but don’t forget about everything else your new country has to offer. All around you there is culture to be explored and a community to join. To break your expat bubble, here are a few tips for getting fully immersed in your new home.

Networking: The best way to meet new people is through your work. You already see each other every day and have that in common. It should be easy to connect.

Volunteer: Finding a local charity to work with can get you familiar and comfortable with your new home with the added benefit of giving back.

Participate in local events: By finding local events to attend, or even simply visiting the local market, you will be able to interact with your neighbors.

Learn the language: If the country you now live in doesn’t primarily use English, learning the language could be a great way to connect with your new community.

Get out of your comfort zone: Trying something new will not only prove to yourself that you can do it, but you may also find you have a hidden talent or taste for something. You may even meet some great people along the way.

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There are so many reasons to explore. Maybe you just want to escape the cold or you’ve moved for work. No matter the reason, embracing your world as an expat will make your life easier. Taking advantage of the communities around you will make this new place feel like home.

At Escape Artist, we can to ensure that your travels abroad run as smoothly as they can. Don’t be afraid to stop by and see what we have to offer.

Whether you are planning on living, working, retiring, or investing overseas, Escape Artist can help you every step of the way.

To see what’s going on in the international scene, check out some of this week’s newest articles!

RETIRE IN NICARAGUA

While most retirees occupy their time researching which city in Panama or Mexico to retire in, this little country in the Caribbean lies discreetly under their noses. There are many high quality tropical paradises in Nicaragua where you can make your home, and they are isolated enough so that you can disengage when you want to… and enough action in the city to keep you motivated. Let’s take a look at some of the reasons why Nicaragua is the best place for you to retire.

Culture

The culture of Nicaragua is a mixture of indigenous (Chorotega and Nahuatl), Spanish and African. Nicaragua’s ancestry is based on its own unique indigenous elements with adopted Spanish cultural elements. Ancient cultural traditions are still preserved, such as dances with different musical rhythms, colonial cities, and gastronomy that make this country magnificent. The most popular dish in Nicaragua is gallo pinto, a mixture of rice and legumes.

Throughout the year, various artisan and cultural exhibitions are held for local artisan. The products range from pottery, pottery, wood carving, musical instruments such as Marimba, stone carving, textile and leather. These fairs are always popular with expats.

Historically…

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INTERNATIONAL BANKING AND FINANCIAL ENTITY RISK ASSESSMENT

Risk assessment for international banks and financial entities is the analysis of both internal and external forces. Internal lending and transaction procedures are weighted against capital ratios and lending risks. External forces are the transactions going through your bank and the KYC, AML and BSA risks they pose to you and your correspondent partners.

The concept of risk assessment is being extended to define the set of activities aimed at ensuring the liquidity of financial institutions and ensuring the legitimacy and legality of transactions being processed through those banks. The analysis of default risk is being combined with risk analysis to include know your customer, know your customer’s customer, source of funds, and anti-money laundering.

Solid risk assessment for international banks protects the business on two fronts: 1) ensures the compliant and risk averse operation of the bank, and…

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Remember Brexit? Well, in an effort to restore a sense of unity and national pride among Brits after the decision to leave the European Union, the United Kingdom will return to navy blue passports after Brexit. This will be the first passport color change for British citizens since 1988, when the kingdom adopted the burgundy color that was favored by the rest of the continent.

Prime Minister Theresa May commented recently, stating, “The UK passport is an expression of our independence and sovereignty – symbolising our citizenship of a proud, great nation. That’s why we have announced that the…

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BEST COUNTRIES FOR THE U.S. DOLLAR IN 2018 (PART 1)

The New Year is a time for optimism, ambition, and a sense of adventure. With a new calendar comes a clean slate – a fresh budget and lots of travel plans. However, it’s important to plan wisely, so your expat dreams don’t end up in the trash bin with countless other January resolutions. Let 2018 be the year of seeing the world without breaking the bank.

Scouring the internet for budget airlines, hotels, and tours is an effective start, but where you go is as important as how you get there and what you do. Following the market and keeping a keen eye on global conversion rates could save you thousands in the end. Below are some of the most dollar-friendly countries for U.S. citizens looking to travel abroad in 2018!

No Need to Convert!

The easiest way to deal with pesky overseas conversion rates is to…

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COWORKING SPACES IN 2018…AND WHAT WE LEARNED LAST YEAR (PART 1)

The growing trend of coworking and co-living spaces in Europe, Asia, and the Americas this past year has provided some really valuable insights into 2018. As digital nomads become more populous around the globe, so rises the need for more of these “mobile workplaces” – allowing freelancing entrepreneurs the structure and social climate of an office, with the freedom to travel around the world at a moment’s notice. With the upcoming release of the Global Coworking Survey 2018, let’s look back at the previous year’s data to better understand the overseas coworking and co-living landscape!

What is Coworking and Co-Living?

Coworking and co-living spaces are basically a hybrid office space and dormroom. For those whose income is derived from online work, with the freedom to work remotely from anywhere, this concept has been a total game-changer in the industry.

The beauty of working remotely is…

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This article was published in the Escape Artist Weekly Newsletter on January 05, 2018. If you would like to subscribe to the newsletter, please click here.