What’s New Around the World?

This article was published in the Escape Artist Weekly Newsletter on May 18, 2018. If you would like to subscribe to the newsletter, please click here.

Hello readers,

Summer is just around the corner! It’s never been a better time to check out what the Caribbean can offer in terms of real estate. This week, we have another great listing brought to you by our friends at Jamie Alleyne and Associates.

I’ve also discovered how two countries are going through some big visa changes. For more information, keep reading!

We’ll also find out where the world’s first underwater vacation villa will be opening up this year.

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!

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Looking for Caribbean Real Estate?

We have another great Caribbean real estate opportunity for you from our friends at Jamie Alleyne and Associates!

Dominica- Commercial Building

What’s New Around the World?

Located in Dominica, the property consists of a 6,560-square-foot newly constructed commercial building on an 11,610-square-foot lot, located opposite the thriving American medical university – Ross University. The building is in excellent condition and, although multipurpose, is fully outfitted to host an international standard restaurant.

One of the biggest draws to this listing is the proximity to an American medical school!

For more information about the Caribbean and Jamie Alleyne and Associates, check out our Caribbean homepage.

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EB-5 Program Changes

For years, the EB-5 investor visa has been one of the most widely used programs for those looking to gain a visa in the U.S.

Last month, Charlie Oppenheim, chief of the Visa Controls office at the U.S. Department of State, broke some news at the IIUSA Annual Conference regarding the program. More countries will soon be added to a list containing nations that will be affected by final action dates, leading to visa retrogression.

A final action date is the end of a “current visa” status for a country, which indicates a backlog. This means investors will only be eligible for a green card if the priority date is available. This could mean citizens of these nations may have to wait years before receiving their visas.

The list additions include India, Brazil, Taiwan, and South Korea; all countries that are known to utilize the EB-5 program. Other countries on the list include China and Vietnam.

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Rising UK Salaries is Causing a Problem

Due to a raise in minimum wage salaries for expats in the UK, officials have been rejecting Tier 2 visas with a salary that is less than £60,000 ($81,101.40). Those who are working for a company transferring them to a UK office will not be affected.Consumer Resource Guide

One nation that is finding this a significant issue is India. Nearly 20% of the Tier 2 visas allocated in 2016 were to Indian citizens. In 2017, the number rose to 22%.

To put things into perspective, 30-40% of medical practitioners in the UK, and more than 90% of teachers, earn less than £60,000.

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“Sleep With the Fishes” Has a New Meaning

If you’ve ever dreamt of sleeping among aquatic life, you may soon be able to fulfill this dream.

The world’s first underwater villa is set to open in November at the Conrad Maldives Rangali Island resort. The villa allows guests to sleep more than 16 feet below the Indian Ocean’s surface with a 180-degree view of the marine life. Named after the Maldivian word for coral, The Muraka can house nine guests on two floors connected by an elevator.

Above the water, guests can enjoy two decks, an infinity pool, and more housing options.

If you are interested in this one-of-a-kind vacation, you better book now, because the resort is already taking reservations – but booking rates have not been announced.

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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!

3 REASONS TO RETIRE IN ST. LUCIA

There are plenty of options when it comes to choosing a new country to call home. That’s especially true if you’re looking for a nice, beachy vibe, ideal for relaxation in your retirement years. What makes you choose one option over another?

When it comes down to it, the best…

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OPEN A BUSINESS IN MEXICO IN 24 HOURS

If you’re interested in opening a business in Mexico, it’s completely understandable to be a little uncertain of the initial expenses and unfamiliarity with the market. Here’s how to start a new business in Mexico in 24 hours:

In Mexico, the Law of Constitution of Companies, which offers entrepreneurs the opportunity to open a business in one day, is already official and without cost. Although the law was passed in Congress a couple of years back, only now is it becoming popular.

This regulation aims to stimulate entrepreneurs who today may be operating irregularly or wish to…

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SELF-DIRECTED IRA OR OFFSHORE IRA LLC?

When you want to invest offshore using IRA funds, you have two options. You can set up a self- directed IRA account or you can form an offshore IRA LLC. Here’s what you need to know to select between a self-directed IRA or an offshore IRA LLC for your retirement account.

To set up a self-directed IRA, you simply move your retirement account from your current custodian to one that allows you to “direct” the investments that he or she makes on your behalf. Because all that’s required is for you to move your account from one custodian to another, your setup costs are minimal.

A self-directed IRA is simply a retirement account where the custodian allows you to “direct” the investments. You tell them what to buy and they buy it… so long as it’s within the rules.

Because you want to invest offshore, you’ll also need to…

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3 WAYS TO USE A SELF-DIRECTED IRA

With different types of IRAs come different types of investment options and opportunities. If you choose to invest in a Roth or traditional IRA, you’ll likely do so through a bank or brokerage firm, which will then offer you a list of possible investments from which you can choose. These options usually include the traditional stocks, bonds, and mutual funds that make up most IRAs. Exchange-Traded Funds and Certificates of Deposit are also popularly offered choices.

Then again, these options may not quite suit all of your needs. For example, you don’t see real estate or precious metals on that list. This is because those types of investments typically have to be made using self-directed IRAs, which are a completely different ball game. Self-directed IRAs are not…

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DIFFERENT TYPES OF COMPANIES IN MEXICO

Now more than ever, investors from all around the world are starting to look at Mexico as a prime market for expansion. The country’s population is about 127.5 million in an area that compromises 1.964 million km² of land and sea. Its geographical location and proximity to the United States make Mexico one of the most viable options when looking to start a company overseas.

Many businesses from the United States have expanded to Mexico: HP, Google, Coca-Cola, Walmart, etc. American businesses have chosen Mexico for its reliable workers, affordable labor, and its position as a gateway into the Spanish-speaking Latin American market. One of the first things you should consider when starting a business in Mexico is…

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This article was published in the Escape Artist Weekly Newsletter on May 18, 2018. If you would like to subscribe to the newsletter, please click here.

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