Recently in South America Category

In this new year of 2008 I'm planning to make an effort to be more diligent and consistent at posting articles and information on this Blog. I have lot's of useful ideas to share, related to setting-up and conducting business offshore. Plus, new and improved global banking products to tell you about and an exciting online Poker project that has been under development for most of 2007 and is soon ready to be announced.

Please bookmark this page and visit again soon.

Some people really get the wrong idea about Uruguay, maybe it's the name, or maybe it's a Latin American stigma but most likely it's just that it's so far away and most people know so little about it. Having been there I can tell you that it's unlike any other place I've seen in South or Central America. It's actually so safe and civilized to be almost boring. Yes, even San Jose, Costa Rica feels more threatening and dangerous than Montevideo.

If you are a US person lucky (or smart) enough to live in a country that either has territorial based income tax or does not tax foreign investment income, you still might be caught in a conundrum. This just happened here in Uruguay last month when Uruguay imposed a personal income tax, but excluded foreign investment income from the new tax.

The Southron’s Guide to Living in Uruguay is the most comprehensive and authoritative book available on moving to and living in one of the least known Expat retirement and Investment location in the world: URUGUAY!

The recent death of former Chilean President and strongman General Pinochet, and the subsequent scramble to find the money he stashed around the world is yet one more illustration of the hypocrisy of major world banks, and the completely amoral behavior in which they regularly engage.

While dictators are in power banks are thrilled to take their deposits. After all, from a technical legal standpoint, what can be cleaner than funds deposited by someone who enjoys sovereign immunity.

From all that's been written lately about General Augusto Pinochet of Chile, here's an interesting opinion from William F. Buckley

ANY KIND WORDS FOR PINOCHET?

He wore a smoking jacket of sorts, made drinks, and I was told to proceed with my line of questioning. I can maneuver in the Spanish language but had a problem with the Spanish I was hearing, and was informed by the lady intermediary that the general was using the rough dialect of his native region. I went quickly to the pivotal questions:

Since the Navigator and I both reside in South America, I thought this article contributed by "The Commodity Investor" was quite appropriate.

The year of the election in South America ended rather undramatically as Hugo Chavez won his bid for re-election in South America. A year ago, his policies and his anti-US stance were drawing in fans across the continent and indeed across the world.

After 56 years of existence, no new Uruguayan SAFI (Sociedad Anonima Financiera de Inversion) can be created after the end of December. To those not in the know, this may be a big yawn, but real players will be less than happy about losing this key tool.

The good news is that the SAFI will not actually be abolished, yet. No new SAFIs will be formed, but Uruguay will allow all existing SAFIs to continue their operations for 10 years, after which they will become regular Uruguayan Companies. 10 years is a long time in the offshore world, so I recommend you consider getting this tool while you can.

This is the journal of The Southron, an American Expatriate from Florida who has spent the last decade living in the West Indies, former Yugoslavia and Costa Rica. He moved to Montevideo, Uruguay at the end of February 2006...

Continue reading "Uruguay Living"

You're looking for that special and unique trip that's different - a bit off the beaten path - to offer great memories from warm and wonderful hosts in unique surroundings? A trip to warm and friendly Ecuador — featuring the splendor and excitement of nature in the Galapagos Islands - may be the excitement you're seeking.

R David Finzer is an acknowledged expert with some 20 years experience in international corporate planning, he gained wide international experience as: Managing Director of the LIFE Offshore Group in Nevis and Grenada, Deputy Chairman of Trinity International Bank in Montenegro, partner in Finzer & Richardson in Washington, D.C., Chairman of the Conservative Action Foundation in Washington, D.C., and on the Executive of the World Anti-Communist League.

Capital Conservator Treasury Services S.A. (CCTS) is not a bank, nor is it a bank introduction or bank account opening service. CCTS works like a trust company, it holds deposits and makes investments for its clients using its own accounts in order to protect the privacy of its clients.

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Sept. 2 (Bloomberg) -- Brazilian federal police seized documents and electronic data from Banco Rural, whose loans to the governing Workers' Party are under investigation by congress, as part of a raid of several companies in two states.

Belo Horizonte, Brazil-based Rural said in a statement it handed over all documents requested by investigators and created a special group of 70 employees solely dedicated to assisting authorities.