International Investing, International Man, Expatriate Investor : The Complete Databook to the World's Last Frontiers for Smart Money Management Overseas

164 Pages·1981·19.376 MB·English

by  Douglas R. Casey

INTERMnONAL
INVESTING
The complete databook to the
world's last frontiers for
smart money management overseas
-f^
DOUGLAS
CASEY,
R.
author of Crisis Investing
L^l
Preface by HarryBrowne
ORIGINALLYPUBLISHEDINHARDCOVERASTHEINTERNATIONALMANANDINPAPERBACKASTHEEXPATRIATEINVESTOR
DATE DUE
£
184.2
C37
1981
DOUGLAS CASEY
R.
INTERNATIONAL
INVESTING
NewYork EVERESTHOUSE Publishers
7S7A7NVAF'R.AENNCC1I3ACOS.TRCEAET94110
(41S) 626-1694
^
Copyright©1979,1981byDouglasR.Casey
AllRightsReserved
ISBN:0-89696-130-3
LibraryofCongressCatalogCardNumber:81-66598
PublishedsimultaneouslyinCanadaby
Beaverbooks,Pickering,Ontario
ManufacturedintheUnitedStatesofAmerica BC381
OriginallypubUshedinhardcoveras
TheInternationalManandin
paperbackasTheExpatriateInvestor
Q
DEDICATION
Tothoseonthebarricades,presentandfuture

TableofContents
Acknowledgements
xi
Preface
xiii
Foreword xv
Chapter1.Introduction i
AnIntroductionforInternational Investorsand Speculators 1
AnIntroductionforExpatriates 1
WhatThisBookIsNotAbout 2
AmericaVs.TheRestoftheWorld 2
WhyLeaveAmerica? 3
ExpatriationandtheNumbers 3
Chapter2.HowToUseThisBook 7
ClassificationofCountries 7
TaxHavenCountries 8
NewCountries 9
Chapter3.YourPersonalFreedomAroundtheWorld ii
Section 1. FreedomIntheWorldToday 12
FreedomandEconomics 12
MeasuresofFreedom 13
FreedomHouse 13
BusinessEnvironmentalRiskIndex(BERI) 17
Pick'sWorldCurrencyYearbook 20
DesirabilityofResidenceIndex(DRI) 21
TheFutureIntheWest 23
Section2. Passports 23
TheGenealogyofthePassport 24
UnitedStatesPassports 24
ForeignPassports 25
IllegalPassports 26
OddballPassports 27
PassportsRenewalWhileAbroad 28
Section3. Citizenship 28
YourU.S.CitizenshipOptions 28
RevocationofPassportandRenunciationofCitizenship 30
Conclusion 30
Section4.Visas 30
Section5. Extradition,DeportationandAsylum 31
NationsWithoutTreaties 32
ExtraditionTreaties 32
ExemptionsandLoopholes 32
TheMechanicsofExtradition 33
Deportation 34
Asylum 35
Chapter4.YourFinancialOpportunityAroundtheWorld 37
Section1. InternationalRealEstate 37
TheDisadvantagesofForeignRealtyInvestment 38
TheMechanicsofBuying 39
ShouldYouThinkofBuying 39
AnAlternativeInvestment 39
ComparativeTableofInternationalRentalPrices 40
Conclusion 41
Section2. Money,BankingandForeignExchange 41
ForeignExchange(FX)ControlsandtheBlackMarket 42
Section3.BusinessAbroad 43
Section4.WorkingAbroad 45
Table:GrossAnnualEarningsforVariousOccupations 46
ForeignUnions 47
Section5.Taxes 47
TaxHavens 49
TaxesOtherThanIncomeTax 49
AvoidingTaxes 50
ComparativeInternationalTaxes 50
Table:InternationalTaxesByCountry 51
Section6.Welfare 53
Table:SurveyofStatutoryHealthInsuranceSchemesthroughouttheWorld 54
Table:SurveyofGovernmentOldAgeandSurvivorsInsuranceSchemesin41MajorCities
thoughouttheworld 55
Chapters. SeriousCountries 57
Australia: Kangaroosandcheapland 57
ThePeople 57
Politics 57
TheEconomy 58
VisasandResidency 58
Work 58
Business 58
Money,BankingandForeignExchange 58
LandandHouses 59
Table:Australianlandprices 59
Welfare 60
Taxes 60
TrendsandAssessments 60
Brazil: Moneytobemadeifyoudon'trocktheboat 61
ThePeople 61
Politics 61
TheEconomy 62
Visas 62
Residency 62
Work 63
Business 63
Money,Banking,Exchange 63
LandandHouses 64
VI
Welfare 64
Taxes 65
TrendsandAssessment 65
Canada: Lotsofspace.Frenchmenandsocialism 66
ThePeople , 66
Politics 66
Quebec 66
TheBreakupoftheWorlds'Nations 67
TheEconomy 68
VisasandResidency 68
Citizenship 68
Work 68
Business 69
Money,Banking,ForeignExchange 69
LandandHouses 69
WelfareandGovernmentFreebies 69
Taxes 70
TrendsandAssessment 70
NewZealand: Apleasantpastoral 70
ThePeople 70
Politics 71
TheEconomy 71
VisasandResidency 71
CitizenshipandPassports 72
Work 72
Business 72
Money,Banking,ForeignExchange 72
LandandHouses 72
Welfare 73
Taxes 73
TrendsandAssessments 73
SouthAfrica: Freeenterpriseandracewar 74
ThePeople 74
TheRaceProblem 74
Politics 75
TheEconomy 75
Visas 75
Residency 75
CitizenshipandPassports 75
Work 75
Business 76
Money,Banking,ForeignExchange 76
LandandHouses 76
Welfare 76
Taxes 77
TrendsandAssessments 77
Chapter Europe
6. 79
Belgium: Quiet,clean,butsomewhatfaceless 79
GreatBritain: Thesunsets 79
Residence 79
Taxes 79
VII
Ireland: Holywar,cheapland,hightaxes 80
ThePeople,PoliticsandtheEconomy 80
VisasandResidency 81
Citizenship 81
Work 81
Business 82
Money,Banking,ForeignExchange 82
LandandHouses 82
Welfare 82
Taxes 83
TheMediterranean: EasyLiving 83
Greece:Abeautiful,inexpensiveretirementhaven 83
Italy:Taxevasionasanationalsport 83
Portugal:Bargainrealestate 84
Spain:Arealestateboom 84
Monaco: Playboy'sdelight 84
Netherlands: Lively,cultured 84
ScandinaviaandSocialism: Thecompletewelfarestate 85
AShortCourseinComparativeEconomicSystems 85
Denmark 87
Sweden 87
Iceland 88
Finland 88
Norway 88
WestGermany: ThemostdynamiceconomyinEurope 88
Chapter?. SpecialSituations 89
Andorra: Acountrywithouttaxes 89
Argentina: Rampantinflation 89
TheBahamas: ACaribbeandelight 90
TheChannelIsles:Jersey,Guernsey,Alderneyand Sark: Taxhavensfor
Englishmen 91
CostaRica: Quiet,Rural 92
ThePeople 92
Politics 92
TheEconomy 92
VisasandResidency 92
Citizenship 92
WorkandBusiness 93
Money,Banking,ForeignExchange 93
Land 93
Taxes 93
Assessment .- 93
Israel: Howtomakeaprofitonarmageddon 94
ThePeopleandthePoliticians 94
TheEconomy 94
VisasandTravel 94
CitizenshipandResidence 95
ZionismandImmigration 95
Work 95
VIII