SINGAPORE
Asia
has been on the forefront of global economic growth for at least the
past 20 years. Singapore has benefited from this development in that it
represents the gateway to the Asian continent.
A
former British colony, Singapore has inherited much of the highly
successful British system of law, economics, trade, and finances. For
this reason, the country is rapidly becoming the banker nation to much
in the Asian market.
Singapore
has the fourth highest per capita gross domestic product in the world,
and is rapidly becoming one of the leading financial centers in the
world, on a par with New York, London, and Tokyo.
Wealthy
Asians, and Asian companies, are managing their finances through
Singapore banks and brokerage firms. At the same time, non-Asian firms
are increasingly doing business in Singapore as the best way to get a foothold in the Asian market.
PUERTO
RICO
Puerto Rico is part of the US, but it’s a territory and not the state. That gives it special status to operate under its own system, while still enjoying many of the benefits of being part of the US.
As an independent territory, there are pronounced differences. One of the biggest is on the income tax front. While the maximum tax rate in the US is 39.6% for federal purposes (plus individual state income taxes), Puerto Rico has an income tax of just 4% on earned income.
Median property value on the island is $119,600, which makes it more affordable than many states on the US mainland.
PANAMA CITY
Panama
has become a haven for expatriates from all over the world, but
particularly from the US. Like Puerto Rico, it’s located in the tropics,
it has beaches on both the Caribbean Sea and the Pacific Ocean.
The
fact that it has coasts on the two major oceans, and is home to the
Panama Canal, making it some of the most strategically located real
estate in the world.Panama is the richest country in Latin America based on per capita income, a situation that is practically guaranteed by its strategic location and by the canal.
On the real estate front, it’s also worth noting that Panama was largely unaffected by the global real estate meltdown that began 2007. It’s real estate market is at least somewhat insolated by its safe haven status.
COSTA
RICA
Costa Rica is a safe, stable country with a growing economy and a government that is encouraging foreign investment. It enjoys many of the same advantages of Panama, except that it is not as wealthy, and therefore the cost of living there is lower.
You do not have to be a citizen of Costa Rica to own property there, and you will be entitled to the same constitutional protections as a local citizen. It is also not necessary to purchase property through a trust or any other type of legal or corporate shell.
URUGUAY
Uruguay has much the same relationship with South America as Panama and Costa Rica do with North America. It is a small but stable country, attracting an increasing number of foreigners and foreign money. In fact, the country is rapidly becoming the international banking center of South America.
Uruguay welcomes foreign investment money, and treats foreigners in much the same way that it does its own citizens. There are no restrictions on foreign ownership of land, nor are the any exchange controls or currency restrictions.






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