The Best Place in the Americas to Base an International Business

Today I'd like to share with you this letter from Lief Simon of Live and Invest Overseas. It really gives a great perspective as to why Leif and I and many others believe Panama is the Best Place in the Americas to do business from. Here's what Lief has to say -

When looking around the world in search of a place to base your business, these are the factors to consider:

1. Corporate tax rates
2. Availability of qualified labor
3. Import and export duties
4. Infrastructure (including options for air and/or sea transportation, internal roads, and telecommunications)

Each of these factors will be more or less important depending on the business you want to operate.

Taking a very big-picture perspective, considering all these criteria, Panama comes out on top in Latin America. That's why we chose Panama, four years ago, as the place to base our Internet publishing business, and it's why many, many other businesses, including many very big international operations, are also choosing to settle in this country.

Infrastructure is of critical importance for any business, whether it's the Internet that moves your goods (as in our case) or, say, ships. As the Hub of the Americas, Panama boasts the best infrastructure in Central America and is close to being on par with the best of South America. Telecom cables connecting east and west, north and south run through and by Panama, allowing the country to plug into high-speed telecommunications. Local Internet companies continue to upgrade the available speeds they offer, and, for companies that need it, getting a dedicated trunk link isn't complicated or expensive.

Panama's Copa Airlines serves 59 destinations in the Americas and is expanding its routes regularly. Further, Copa is affiliated with Continental/United, so options for connecting around the world from Panama are good. This means that, if you're shipping goods by air or need to travel for consulting or other in-person business agendas, you have easy access from this base.

The downside is that Copa doesn't have a lot of competition, so fares for flights around the region aren't cheap. With no discount carrier like Ryan Air or Southwest to keep prices down, the hour flight from Panama to Medellin (a flight Kathleen and I have been taking often lately) costs about US$600 round-trip, including taxes and fuel surcharges. You can fly to the States (minimum 2 1/2;-hour flight) for less much of the time.

The other hub of activity in this country revolves around the Canal. Container ships come through by the thousands every year, meaning the options for receiving and sending sea freight are plenty.

If your business involves physical goods and you aren't selling to the local Panama market, then you could locate in Panama's duty free or free trade zone for added tax benefits. Many countries have these zones available to allow international businesses to operate without being taxed locally.

Panama doesn't tax people or corporations that don't earn money in Panama, but the free trade zone allows businesses to conduct activity in the country and then to ship the resulting goods back out without paying Panama income tax on the associated profits.

You could, for example, buy and import leather from Argentina and use it to manufacture gloves in Panama and pay no income tax in Panama on the profits from the sale of the finished goods to a wholesaler in the United States...as long as you operate in Panama's duty-free zone.

If you run a business in Panama that sells to the local population, the corporate tax rate is 25%, which is an average rate on a global scale. However, again, the only way you'd incur this tax would be by operating and selling locally. Run a virtual business in Panama (base yourself here as a consultant, for example), and you'd have no local tax liability whatsoever as long as your clients are all outside this country.

Panama also offers a well educated, English speaking labor force if you need it. This is an important reason why many big international call centers are locating themselves in this country. Dell, for example, has more than 2,000 call center employees in Panama City, and several outsourcing call centers (centers that do work for small- to medium-sized businesses that don't have enough demand to run a call center of their own) have as many as 3,000 employees handling both English and Spanish inbound and outbound calls.

Want to learn more about what Lief and his wife Kathleen have to say about Panama? Check out their Panama Letter -

Where are the Best Places to Live after Divorce?

Divorces can present a number of difficulties, and there are often financial issues that are associated with the proceedings. A couple usually has to sell their home in order to reach the settlement that is required by the courts. The best places to live after divorce include friends and families. They can offer the support that is needed as well as an economical place to live. This will help to cut the expenses that are faced during a troubling time. Rental properties are another consideration, and there are numerous houses and apartments that are available. These can usually be had in a matter of hours and are in a condition that is ready for a person to move in.

Finding a Place to Live

Thousands of couples go through divorce proceedings every year, and the first thing a person needs to do is find a place to live. Sometimes a person can continue to live at the residence they have shared with their spouse, and this is often the best option. However, the house will usually have to be sold, and this necessitates for both parties to move out. If a person is unable to continue living in their current residence, the first place they should look is with friends and or family. This is ideal for a number of reasons. Friends can provide the support that is needed during an emotionally troubling time. They are also usually willing to let their friends stay at their home for no charge.

Count on Family

Family members can provide one of the cheapest places to live after a divorce as well. There is always an extra room in the home, and this can save a person a number of expenses. Families can provide the supportive setting, and their homes are already furnished with all of the conveniences. This will provide a person with a place to stay while they decide what they are going to do. This is not a lasting option, but it can be the best place for a person to live until they get back on their feet and find the home or apartment that they want.

Renting makes for an Affordable Place to Live

Furnishing a home or apartment is an expensive proposition. It can also be difficult to purchase a new home or apartment while going through divorce proceedings. Rentals are an option, but they also require large amounts of capital to move in. For this reason, it is usually wisest for a person to stay with someone they know for the first months after their separation. This is also the most economical option and can provide a person the time to begin rebuilding.

The Best Place to Start Anew

Sometimes a divorce is the only way out of a really troubled relationship. One where you feel you need to really get away and start over. It's a nasty and unfortunate reality that sometimes the best place to live after divorce is far away where you can create a completely new life - new friends - new relationships all round. Because we truly live in a global village you may want to consider starting your new life overseas. There are many, many countries in this wonderful world that offer a peaceful and affordable lifestyle where you don't have to sacrifice any longer. Places that welcome educated foreigners. Perhaps a teaching job overseas to help you heal with loving admiration and appreciation from children or adults who crave knowledge and love to learn.









In summary, after a divorce, the best place to live is with friends or family. An extra room is always available at most people’s homes. They are also furnished and can offer everything that a person requires to meet their daily needs. Another benefit of living with friends or family is that they will be able to provide the support that a person may need while they are undergoing the trauma of a divorce.

Are Overseas Teaching Jobs a Safe Option for Americans?

With the United States job market in dire straits, many Americans are looking for work abroad. The popularity of overseas jobs for Americans is increasing as those with expensive degrees realize there are few jobs available in their chosen field. While the outlook for specialized careers in the US is bleak, many countries are turning to Americans to fill valuable and well-paying positions abroad.

Working Overseas

Those with teaching degrees often choose to take their knowledge overseas. There are many reasons they may make this decision. Often, a teaching position abroad pays far better than one at home and can be easier to find. For some, the main draw is travel. Living in a different country allows teachers to experience a new culture. Still others choose to teach abroad after years spent educating in under-funded and overpopulated American school districts. But is accepting teaching jobs overseas safe?

In the vast majority of cases, the answer is a resounding yes. Countries abroad statistically have a much lower crime rate than America. China, Korea and Taiwan are a few of the best places to live for overseas teachers and all have a statistically low violent crime rate compared to many major American cities. Teaching in these places is sometimes safer than teaching at home. It is important to fully evaluate the crime rates in a particular country before committing to a teaching job there.

Living Overseas

The opportunity to live overseas is something many people desire. Prepare in advance by learning some of the native language, traditions and customs in order to better acclimate to the country. Be sure to experience all the culture has to offer. Many teachers educating abroad are housed with local families which can offer invaluable understanding of and exposure to a new country.

Moving Overseas

The process of preparing to move abroad can seem daunting. It is important to research the proper documentation required for living and working in any new country. China, for example, requires a Z-visa before being eligible for employment. The necessary forms can be obtained from a Chinese consulate and are used to prove you have authorization to work in the country. A valid passport is also a must. Taiwan requires a Resident Visa to stay in the country for more than 60 days and a Taiwanese employer must submit a work permit for the employee to the government. Korea requires extensive documentation which includes a special Visa, work permit and in some cases a Certificate of Good Conduct. Knowing exactly what is required to live and work in a foreign country is a must for those hoping to live overseas.

Teaching overseas is a strategic career move for many educators who cannot find American work in their chosen field. It allows them to experience a new culture while remaining true to their profession. Information on overseas jobs is readily available for those who wish to do further research. Teaching abroad is generally a very safe alternative to teaching in America.

The World's Most Affordable Places To Retire

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What are the Best States for Retirement?

After exploring the Best States to Live in America we unveiled some really interesting stats and information. One of the things we looked briefly at was the Best States for Retirement in each part of the country. What we discovered, thanks to your feedback, is that a lot of our followers are very interested in learning more about good places to live in retirement. So, while over the years we have touched here and there on the best places for retirees, from various sources, we thought it was time to bring it home and have an updated look at spending your golden years right here in in the good old USA!

Retirement is a time to explore hobbies, pursue passions and live life to its fullest. Researching the best places to retire does not have to be complicated. By narrowing down choices based on interests and financial considerations, the dilemma effectively resolves itself. In an attempt to help make the choice even easier, we have broken down the best places to retire in the United States by region.

The Best State to Retire in the Northeast

If rest and relaxation is your ultimate goal, Maine is the state for you. Voted “Most Relaxing Place to Live”, Maine has plenty of opportunities for recreation. The statewide median home price is listed at $200,000, but bargains can be found in rural areas. Maine also offers a retirement tax break, allowing residents to deduct the first $6000 of pension income on their income taxes.

The Best State to Retire in the Northwest

Known for its outdoor recreation, Pacific coast beaches and wild west atmosphere, the northwest offers many retirement opportunities. Oregon is a sure bet for those who love the outdoors. Oregon’s mild climate means it is possible to enjoy nature almost year-round, while the low cost of living allows for more luxuries. Oregon does not have a sales tax and Social Security and VA benefits are not subject to tax liability.

The Best States to Retire in the Central US

Everything is bigger in Texas, including the bank accounts of retirees. Not only one of the best places to retire, Texas is also one of the cheapest. There is plenty of room to roam and the climate is pleasant. The state is represented by nearly every professional sport and is a frequent tour stop for many popular entertainers. Whether lured in by the big lights of San Antonio or the porch lights of tiny Bailey’s Prairie, Texas is great for retirees.

The Best States to Retire in the Southeast

Florida is one of the most popular retirement destinations in the entire country. With plenty of sand and sun, a median home price of $129,000 (nearly $50,000 below the national average) and hundreds of active senior communities, Florida is naturally associated with retirement. Florida does not have an estate or inheritance tax and its local/state tax burden is one of the lowest in the nation.

The Best States to Retire in the Southwest
California takes the top honors here. Although statistically the most expensive state in the region, California is also the most popular, owing largely to its warm climate and entertainment opportunities. From the sunny beaches of San Diego to the foggy San Francisco Bay, thousands of recent retirees flock to California each year in search of their own American dream.

Choosing the best place to retire isn’t as hard as it seems. With a bit of research and personal exploration, everyone can find their own paradise. From the tiny towns of northern Maine to the sunny beaches of southern California, finding the best place to live is as simple as knowing exactly what you want.

The Best State to Retire in the Northeast

With amazing natural beauty and plenty of recreational opportunities, Maine is among the best places to retire in the United States. A relatively low cost of living, several senior tax breaks and many 55 and over communities makes this a popular retirement destination for the financially conscious retiree. When compared to popular retirement states like California and Florida, Maine is a different breed. The winters here are sometimes harsh with frequent snowstorms and occasional blizzards. Big cities are few and far between, and much of Maine is incredibly rural. However, for the outdoor enthusiast, Maine is a northeastern paradise. Hunting and fishing opportunities abound, making this one of the best states to retire in for the hardy and hale retiree.

Best City to Retire in Main

Maine’s largest city, Portland, is an amazing place to retire. Although small by west coast standards, Portland’s population is approximately 62,000 and growing at a rate of nearly 1.5% per year. Housing an incredible Arts District, Portland is also home to several other named neighborhoods, each with their own culture and entertainment. In 2009, Forbes rated Portland #1 on its list of “America‘s Most Livable Cities” and Bon Apatite Magazine called it “America’s Foodiest Small Town”. Portland is home to several food festivals which pay homage to food and drink from many different cultures. The city also has the largest shopping mall in Maine, as well as the largest hospital. A 30-mile network of biking and walking trails was recently renovated within the city, making it a great place for exercise enthusiasts. A relaxed city atmosphere, plenty to see and do and an active network of seniors with a variety of interests make Portland one of the best cities to retire in Main.

Cheapest Place to Retire in Main

Bangor Maine takes the top honors when considering the financial ramifications of Maine retirement. The small city of 32,000 offers a lot for retirees. With 33% of the population aged 55 or older, Bangor caters to the retirement community. An average three bedroom house costs $165,000, nearly $15,000 less than the national average. With a rich arts community, Bangor is home to several annual art festivals including the American Folk Festival. There are nearly thirty parks within the Bangor city limits, and Arcadia National Park is only a 90-minute drive away. Groceries are 3% lower than the national average and gasoline averages $3.65 per gallon. Healthcare costs are in line with national expenditures. With so much to see and do, it would be easy to mistake Bangor for a larger city; however, the entire area has a small-town feel. Bangor is also close to the beautiful Atlantic coast, allowing for day trips filled with beach combing.

Tax-Free Retirement Made Easy 

You don't want to organize your new life overseas around tax code...but sometimes the two agendas can converge. 

We've identified three countries that roll out the welcome mat, not only offering significant benefits for foreign residents, including seriously appealing tax advantages, but also making it easy for you to become a foreign resident in the first place. 

That is, it can be possible to relocate to the Shangri-la of your fondest daydreams...while, at the same time, reducing your tax burden, maybe to zero. 

It depends largely on how and from where your income is derived... 

And the key is arranging legal foreign residency. 

Here's the good news: While not every country welcomes foreign retirees or expats, we've identified three countries that roll out the welcome mat, not only offering significant benefits for foreign residents, including seriously appealing tax advantages, but also making it easy for you to become a foreign resident in the first place. 

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The state of Maine is a great retirement destination for those who wish to get away from the daily trappings of big city life. Arguably the northeast’s best place to retire, Maine has something for everyone. For those looking for relaxation and beauty, Maine is the best place to live.

The Best State to Retire in the Northwest

Retirement is a time of simplicity, an escape from the rat race of the nine to five world. Finding the best places to retire in the United States is a matter of choosing a location best suited to personal interests and financial considerations. Some of the best states to retire in can be found in the northwest. With a mild climate, plenty of recreational opportunities and several big cities, this region is perfectly suited for any retiree. Our pick for the top spot when it comes to the best place for retirement in the Northwest is Oregon.

Best City to Retire in Oregon

With a small-town feel and plenty of entertainment, Ashland is one of the best cities to retire in Oregon. Home to the world famous Oregon Shakespeare Festival, this city offers plenty of arts and cultural activities, as well as some of the best fine dining restaurants in the state. Ashland is also home to Southern Oregon University and the Osher Learning Institute, a place where retirees can take as many classes as they wish for $100 a semester. In addition, Ashland has many active senior groups who take an interest in everything from politics to art. Although small, with a population of only 20,000, many compare the culture of Ashland to that of San Francisco. Homes here are large and the median home price is just under $300,000. Median family income is upwards of $63,000 a year. Located in the beautiful Rogue Valley, Ashland enjoys very warm summers and beautiful fall colors.

Cheapest Place to Retire in Oregon

Salem is the state capital and Oregon’s second biggest city. Sixty miles from Portland, Salem is clean, safe and inexpensive. With a median home price of $179,000, an average property tax bill of $2400 and a median family income of $58,496, Salem is one of the cheapest places to retire in Oregon. Situated in a lush agricultural area, Salem is home to several farmer’s markets and places a great emphasis on fresh and healthy ingredients. This is reflected in the menus of the city’s many fabulous restaurants. Outdoor recreation includes many opportunities for golfing, biking and hiking. Salem is also home to the Oregon State Fair, and the beautiful Oregon coast is only a 90 minute drive away. Inexpensive and great for seniors, Salem is a wonderful place to experience a relaxing retirement.

The northwest is filled with small towns, big cities and everything in between. Deciding on the best place to retire is a highly personal choice. Those who want peace and quiet in their golden years would do well to stay away from the big cities, while those looking for entertainment and stimulation would be bored to tears in a small town. Finding the best place to live after retirement can be a time consuming process, but the hard work will pay off in the end.

Best State to Retire in the Central US

When considering a retirement destination in the US, Texas may not be on the top of everyone’s list. Surely, Florida and California get the most press. However, Texas is an incredible place to spend the golden years of retirement. With a huge land area, plenty of big cities, small towns and an honest, “down home” feel, Texas is now considered one of the best places to retire in the United States. From the hustle and bustle of San Antonio and Dallas to the peace and quiet of a Texas cattle ranch, there is truly something for everyone here, making Texas one of the best states to retire in.

The Best City to Retire in Texas

Austin, Texas is one of the best cities to retire in Texas. With a population of nearly three quarters of a million people, one-seventh of which are 55 or older, Austin is located in central Texas. With sunshine 60% of the year, average temperature in the summer is 95 degrees, while winter lows range in the mid-50’s. Austin has a thriving music scene, and is known as the “Live Music Capital of the World”. Median income for those 55 and older exceeds $54,000 a year and the median home price is $222,000, although foreclosures in the city can be bought for much less. Austin is home to a thriving visual and performing arts scene. With three man made lakes inside the city limits and many more in the surrounding areas, fishing and water sports are also extremely popular in the area. The Texas hill country to the west of Austin offers even more outdoor recreation. Great for those who desire an urban environment with a rural feel, Austin is a first-class retirement destination.

Introducing Austin Texas

Cheapest Place to Retire in Texas

Lubbock or leave it, Lubbock is the cheapest place to retire in Texas. This northwestern Texas city of 230,000 people has a semi-arid climate with hot summer days, cool summer night and snow in the winter. Median family income here is approximately $42,000 and a typical three bedroom family home can be had for little more than twice that. The housing market in Lubbock is 20% less than the national average, while the total cost of living here is a full 11% below national expenditures. Everything here is cheaper, even utilities, which are 25% below average. Lubbock is the birthplace of musical legend Buddy Holly, Mac Davis and Natalie Maines, and the home of the National Cowboy Symposium. Old west culture is strong here, and the city pays tribute to it with many festivals and expositions. Financial considerations aside, Lubbock is a great place to call home.

When choosing the best place to retire, Texas may not be on your radar. However, with both rural and urban areas, an extremely low cost of living and tons of culture and entertainment, Texas should be high on your list of possible retirement destination candidates. Texas may well be the best place to live or retire in the central United States.