Many people dream of relocating to a different nation, maybe to get pleasure from hotter climate, maybe to expertise a slower-paced life-style, maybe due to a job switch, or possibly just because we’re intrigued by a sure ingredient of journey and curiosity.
Whereas shifting to a different nation might sound like an thrilling proposition, it’s a very severe resolution with main ramificiations, and there are a lot of components to take note of in making this resolution.
I had an opportunity to speak with Phillip Townsend, creator of the e-Ebook, Passport to Canada: The Full Information to Dwelling & Retiring in Nova Scotia, and particular e-Stories of residing and retiring in Panama, the Caribbean and Cuba. For extra info, go to: http://www.thegloballife.internet.
1. Please inform us about your self and your background.
As an American who had a teenage fascination with Asian tradition, after highschool, I obtained a part-time job, saved my cash and bought a one-way ticket to Taiwan, Republic of China. After arriving within the Far East, I taught English and finally landed an internship with SIDA, a German-based world threat consulting agency. After working as an intern and finishing an intensive coaching program, my work took me to 13 East Asian international locations, the place I assisted company and authorities purchasers with worldwide analysis and different consulting initiatives.
After returning to america, I opened and ran the agency’s U.S. workplace till the corporate went out of enterprise a number of years later. Afterwards, my profession shifted and I started writing freelance and consulting independently, Later, I used to be employed as stringer (correspondent) for Cash journal, America’s main private finance month-to-month. After leaving, I wrote a biweekly worldwide life-style Q&A column for the Worldwide Employment Gazette, which additionally appeared month-to-month in Industrial Tradesman journal. I’ve assisted the governments of Sri Lanka and Ethiopia on selling tourism and commerce (and was thought of for an official diplomatic publish with the latter). My articles and different writings have appeared in publications as numerous as GQ, the San Francisco Chronicle and Expat World.
At the moment, I spend most of my time writing and researching. I am additionally a Nation Contact for American Residents Overseas, representing the Switzerland-based non-profit group in Nova Scotia.
I’ve all the time been a so-called man of the world, and do not consider there may be any single “greatest” nation, however moderately consider in reaping the distinctive advantages that every nation has to supply.
2. You’re an skilled on residing and retiring in varied areas, together with Nova Scotia, the Caribbean, Panama and Cuba. Please inform us about the way you grew to become an skilled on these subjects.
Along with my expertise residing overseas and touring broadly, through the years, I’ve devoted my life to worldwide residing, conducting in depth analysis and advising a whole bunch of purchasers on each side of shifting overseas and strategic planning (offshore private and monetary points). I’ve assisted folks from all walks of life with strikes to over sixty international locations and 6 continents.
3. Please inform us about residing, retiring, travelling and investing in Nova Scotia. What makes Nova Scotia a terrific vacation spot for expatriate or retirement residing?
Nova Scotia is the kind of place that may seduce you thru its sheer pure magnificence: The lengthy stretches of picturesque shoreline, a lovely countryside, pleasant folks and a slower tempo and cheap costs make it one of the vital livable locations in Canada or anyplace in North America. The local weather is one other plus. In lots of locations in Nova Scotia, winters will be a lot milder (with much less snow) than somewhere else in Canada or the northern US. Additionally, Nova Scotia enjoys a low crime charge, with incidents of violent crime being remarkably low. Maybe probably the most interesting advantage of residing in Nova Scotia are the reasonably priced actual property costs (some tons with ocean views will be had for as little as C$20,000).
4. Please inform us about residing, travelling and investing in Dominica. What ought to one learn about residing and retiring to this stunning island within the Caribbean?
With no direct flights from North America or Europe, Dominica is welcome retreat of peace and quiet within the Caribbean’s sea of mass tourism. Roughly midway between Martinique and Guadeloupe, the island is splendidly underdeveloped. A land of waterfalls, rivers (365 of them), sizzling springs, and plush rain forests, Dominica is the Caribbean’s most rugged isle. As an alternative of luxurious resorts and lengthy stretches of crowded white sand seashores, you will discover volcanic mountains, intimate seashores, little-explored reefs and small lodges (a few of that are on the market for a steal). In contrast to a lot of the Caribbean’s islands, which cater to vacationers and the high-end market, Dominica’s costs are refreshingly down-to-earth. For instance, you could find oceanfront tons for costs starting from C42,000 to C58,000, and construct a house for as little as C$28,000 to C$47,000.
5. Please give us a quick overview about residing, travelling and investing in Panama. What makes this a fascinating place and what do we have to learn about it?
Panama’s coast, each on the Caribbean and Pacific sides, is like Florida, however much less crowded and with property costs a couple of tenth of the associated fee in lots of circumstances. Panama presents reasonably priced actual property, a heat local weather and nice seashores. With a purpose to entice expatriates, the Panamanian authorities has put collectively a formidable record of advantages of their pensionado program, together with 20-year tax-free standing and reductions on every thing from public transportation to eating places to physician’s visits. Better of all, anybody over 18 can qualify for these “retirement” advantages.
Although Spanish is the official language, English is broadly spoken and understood in main cities. Proper now, the three greatest locations to buy actual property in Panama are Panama Metropolis, the capital which boasts First-world infrastructure and is house to just about each giant American brand-name chain; Boquette, a scenic and rising expatriate hideaway in Panama’s mountainous area; and the Pearl Islands, a series of over 90 islands and 130 islets within the Caribbean.
6. Please speak to us about residing, travelling and investing in Cuba. What makes this distinctive island an fascinating vacation spot for foreigners pondering of residing or retiring there? What do they should learn about Cuba earlier than contemplating to maneuver there?
Cuba is house to simply over 11 million folks, with greater than 2 million residing within the capital, Havana. The island’s Cuba’s wealthy tradition, fascinating political historical past, and continued financial hardship make it one of many world’s most eye-opening nations with a wealth of locations simply ready to be found. The meals, music, and, most of all, the nice and cozy hospitality of the Cuban folks all mix to make it a terrific place to go to and probably dwell.
U.S. officers say open commerce and journey to Cuba would strengthen Castro’s oppressive authorities. However critics argue that the Chilly Struggle-era U.S. embargo, aimed toward forcing a change in Cuba’s management, has not achieved its objectives after being in place for greater than 40 years. Regardless of the embargo, final yr, 200,000 People visited Cuba (most via Canada or Mexico).
Although most would-be expatriates will wait till the autumn of the Castro-lead communist rule, a number of have already made an funding within the “forbidden” isle by placing down roots there, with the hope that property values and different investments will multiply after the autumn of communist rule.
7. The place are you presently travelling and what’s in your agenda for the close to future?
At the moment, I am in upstate New York, however can be exploring some fascinating locales in South America and Jap Europe. I plan to proceed my ongoing pursuit of reporting on new and fascinating expatriate locations around the globe.
8. On the whole, what are your ideas for anybody pondering of residing or retiring overseas?
Many Canadians and People are lured overseas by a decrease value of residing and better high quality of life. Some will wish to return to their ancestral properties or to locations the place they as soon as vacationed, labored or studied, and fell in love with a rustic. Others can be enticed by retiree perks and tax incentives. With actually dozens of interesting international locations to select from, narrowing the probabilities could be a daunting activity.
Regardless of the place you contemplate settling, an important factor is to do your homework. Make an exploratory go to and keep for a number of months earlier than committing your self by buying property. Remember to speak with locals and expatriates residing there. Most significantly, seek the advice of competent actual property and authorized professionals earlier than signing any contracts or different official paperwork.
Whereas each place has it personal algorithm and nuances, the method of shopping for overseas usually works like this: First, the client and the vendor to agree on a worth, a safety deposit (usually, 10 to 25 %) will in all probability be required to take the home off the market. Your lawyer ought to then obtain a duplicate of the title and confirm that the property is free from any liens or claims in opposition to the property. They need to additionally advise you of any unusual archaic legal guidelines, like these in components of Canada that enable anybody to fish in your land, these in England and France that enable sheep to move via your property, these in rural Italy that give your neighbors first-refusal rights on any land used for agricultural functions (which might depart another person with the fruit within the winery or olive grove on “your” property), or historic building bans that forestall you from making any exterior modifications to a property (even putting in a pool). Additionally, if you’re shopping for something in want of restoration (or greater than 100 years previous), have a structural survey performed.
Thanks, Phillip, for offering us with additional concepts and essential background details about a number of fascinating selections on residing and retiring overseas.
ABOUT PHILLIP TOWSEND:
Phillip Townsend is creator the e-Ebook, Passport to Canada: The Full Information to Dwelling & Retiring in Nova Scotia, and particular e-Stories of residing and retiring in Panama, the Caribbean and Cuba. For extra info, go to: http://www.thegloballife.internet.