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By Edmund J. Pankau
The following factors are a good guideline for evaluating your future homeand should help in choosing between the several countries that most appeal toyou (for more details on these issues and critera, see my new book "Hide Your Assets and Disappear") 1. Location: Do you want a place with easy and cheap access back home, so your family can visit or you can go back and brag to the boys about your new home, every now and then? If so, you want a place near major travel routes, with cheap regional airlines. TACA (Take A Chance Airlines) has great rates for central and south America to many southern US cities, and Continental has super bargains in much of Europe. 2. Weather: Pick a temperature you like before you go. Many countries, like Honduras, are hot and humid on the shore, but cooler in the mountains (cheaper too!). Switzerland is wonderful for skiers, but far to expensive to live in, so consider Estonia or Moldavia, former Soviet provinces in the same latitude with great prices that pay big interest in their banks (forget the Swiss on this one). 3. The Law: If you want retirement,
you want stability. Follow the former British colonies that are now independent
but keep the same set of rules. If disappearing is your game, then you
want a place with its share of turmoil (not now dummy, you could get killed.
Pick one that recently became independent and hasnt put together a computerized
system yet) in its recent past that is now becoming an emerging nation,
like most of Eastern Europe and
4. Banking: My advice is to keep your money someplace safe, BUT, out of the filthy little hands of the revenooers! Many of the worlds major banks offer higher interest, better privacy and relative convenience to your funds through their third world affiliates and partners. Many offer credit card access to your money through Visa and Mastercard debit accounts, AND, they pay interest. Not too shoddy. Oh, and dont pay someone else to do it for you. Keep the money and control where it belongs, with you. 5. Extradition: Most of us dont worry about this area of the law, but just in case, read up on the MLAT (mutual legal assistance treaties) between the US and your new home of choice. It gives one of my best friends a great deal of peace of mind to know that his "ex-wife from hell" cant do a thing to him now! 6. Infrastructure: Thanks to the wonders of modern satellites (use missiles for MTV, not for WAR), we can now get great TV reception almost everywhere in the world. We can watch the market open, catch the Soaps (well, it will keep your spouse quiet) and root for the home team in the big games, as long as we have a dish on the roof. Other issues, such as transportation and the ability to get something repaired should figure in your planning, too. (You might even find this is a way for you to make a little money on the side). 7. Value: Last, but certainly not
least, is what kind of bang do I get for my buck? With a little planning,
you can find a place that costs less than half of your US bills with many
of the same benefits. Many local currencies in Latin America trade for
10 to 1 or more against their US couterpart and I hear that its even better
in the Far East. Eastern Europe is still very reasonable and affordable.
Another benefit is the potential of making a killing on real
In summary, go for it my friend, BUT, have a plan. Like the trust boy scout, BE PREPARED. Get all of the advice and literature available from people who have done it before, take a little vacation to test out your new haven, and GO FOR IT! Edmund J. Pankau is the author of the new
best selling book "Hide Your Assets and Disappear", and does articles and
seminars with International Living. To contact him, visit his
website www.pankau.com.
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