-Many folks have questions about those anonymous S.A. corporations we talk about occasionally here at the Expat Files. One question that often comes up is… “What if you have an S.A. corp and realize after some years that its just been laying dormant and doesn’t have any assets or money movement?” If that happens, you might feel like you’re paying for a dead horse- since you still have something like a $500 to $1500 yearly maintenance fee to keep it active and in good standing- and that's whether it has assets or not. Well here’s the dope on tha...
-Many folks have questions about those anonymous S.A. corporations we talk about occasionally here at the Expat Files. One question that often comes up is… “What if you have an S.A. corp and realize after some years that its just been laying dormant and doesn’t have any assets or money movement?” If that happens, you might feel like you’re paying for a dead horse- since you still have something like a $500 to $1500 yearly maintenance fee to keep it active and in good standing- and that's whether it has assets or not. Well here’s the dope on that score…
-After you’ve been around Latin America like me - off the tourist trail- for 20+ years- you think you’d seen all the great deals and opportunities that apply to expat living. Wrong!
I’m here to tell you that after all these years I’ve stumbled on a real game changer; a simply amazing living situation that’s absolutely unknown to any expats or first worlder’s I’ve ever known. And here I thought I was up on things!
Well, as it turns out, a few weeks ago I was startled when I heard of a most fantastic arrangement that expats and wanabees just have to hear about. And at the risk of ruining a very, very good thing, I present the first half of that story…. (the rest next week)
-I occasionally run into former illegal alien wetbacks traveling down here and visiting relatives and such(hail the conquering hero!), who are now perfectly legal in the USA (some eventually get green cards you know). Of course the ones who get green-cards can and do travel legally back and forth to their native Latin countries often come down on vacation too . Every year or so, green-card Latins lucky enough to be making making first world money up in the states, arrive back in their old dirty Latin American neighborhood bearing gifts and treats, acting the part of barrio boys who achieved the “American Dream”.
I recently ran into such a guy at a very nice but dirt-cheap all-inclusive Latin American resort. He cornered me (the only real gringo there) bragging how he now makes $60k a year while his poor twin brother in San Salvador only pulls down $4k. Now this proud and pompous guy- trying so hard to impress me with all the lame USA sports trivia and small talk he could muster- was an NYC garbage man! And the thing is, this guy was smart enough to realize a 60k salary is a king’s ransom down here (why do you think he doesn’t take his vacation in Manhattan or on Long Island?) And you know what? That makes this guy more savvy than 99.9% of all the first world Americans I know, including the highly educated ones in my own family! And here's the story on that..
- A quick update for loyal listeners; please consider joining our growing social media community. Just search for Expat Wisdom on Facebook or Twitter, and you’ll never miss a breaking report or an important expat update."
-I’ve put together a mixed media program specifically for expats and wanabees called the 'New 5 Flags'. Just head over immediately to ExpatWisdom.com and get all the details. I promise you won’t be disappointed.
-Two spots have opened up for my January Expat Wisdom seminar in Central America America. Go to www.ExpatWisdom.com to get complete details. I’m holding these two places at the same early-bird price so don’t miss out!,
-Follow the link on the main page at www.ExpatWisdom.com to schedule a consultation with me. If you want to discuss the details of living, working, playing, doing business and/or retiring in Latin America, now you and I can talk about your situation one on one
