What does expat mean? A person who lives outside his/her home country and works as a skilled worker, professional, or an artist is considered to be an expatriate or expat. The term expat may also extend to a retiree who has chosen to live outside his/her home country. People have been living in foreign countries…
Mexico, a country in North America, can be a great option for relocation, starting a business, and enjoying greater freedom. Mexico’s economy is growing and it has low manufacturing costs for those who want to produce goods. The government in Mexico is also stimulating entrepreneurship with significant investments in the start-up ecosystem. Mexico’s tourism economy…
What is Residency? When we talk about residency for tax purposes and you only live and do business in one country the rules that apply are very simple. If you are a resident of Canada (you live there) Canadian tax rules apply. As you start to do business in multiple countries, have customers elsewhere,…
Top 10 places to set up a residency if you are online business owner Having a successful online business gives you lots of flexibility. You don’t depend physically on a place where you’re at and you can spend a lot of your time traveling around. In my opinion, this is one of the biggest advantages…
Things to consider when buying a second passport We all know that buying second citizenship is not an easy decision to make. You probably did lots and lots of research before taking any action. There is lots of data out there about this topic, however, some of it is outdated and not valid anymore. Some…
What’s the Difference Between Residency and Citizenship? There is a lot of confusion when it comes to this topic. Many people don’t understand the difference between residency and citizenship. A residency permit gives you the right to live and possibly work in a particular country. Citizenship gives you access to their passport, and also typically gives you the right to vote. It also might change what benefits…
There are many countries that offer residency by investment programs. Many offer multiple options to choose from, making it very appealing to wealthy foreigners. Generally speaking, if you are a high net worth individual you will be welcome in most places. Since lots of countries like foreign capital, you will have an open front…
An easy South American country to become a permanent resident Uruguay is a country in the southeastern region in South America. Uruguay is home to about 3.44 million people and its capital is Montevideo. With an area of approximately 176,000 square kilometers (68,000 sq mi), Uruguay is geographically the second-smallest nation in South America, after…
Welcome to one of the richest countries in the world The United Arab Emirates is an Arabian Peninsula nation settled mainly along the Persian (Arabian) Gulf. The country is a federation of 7 emirates. Abu Dhabi, the island capital, is home to Sheikh Zayed Grand Mosque, with crystal chandeliers and room for 40,000 worshipers. The…
The country with an increasing standard of living Thailand is becoming more and more popular destination for permanent residency of many business people. This country has a warm climate, beautiful beaches, affordable prices, and business-friendly environment so it’s not a surprise that many modern entrepreneurs decide to settle there. Residency by investment in Thailand has…
