Caribbean Millionaire is a Family-Owned and Operated Website dedicated to the health and well-being of the individual. Charitable contributions are regularly made to efforts in the Dominican Republic and other developing nations. Our support this month goes to Project Hope International, Inc. fighting for victims of child trafficking.
Why I promote the Dominican Republic Report:
My whole life I have been fascinated by the Islands of the World. Way back in 1976, I got my first taste of island life in Sri Lanka, a gorgeous island off the southern tip of India 7 degrees north of the equator. There I found I could rent a house for $60 a month. I could eat Shark curry and enjoy local beverages for just pennies. And what happened when I got a face mask and snorkel? I just didn't have to come up for air any more. Let's not fail to mention the beaches and the young people traveling from all around the world. That is enriching your life through cultural exchange!
Since then I have visited and fell in love with Hawaii, and other far out places like, Hainan Island, a large island off the southern coast of China and is actually a part of China. Remember when the American Spy Plane got a little close to China and was forced to land on a Chinese Island-- that was Hainan Island and I had seen that military base having taken a road trip not more than 5 miles away from the local resort I was staying at.
The Caribbean holds a lot of charm and exotic lifestyles and the neat thing is that it is so close to home and if you know where to go, you can find some amazing bargains and have some wonderful experiences. You may even decide that this is where you want to live.
So I present to you a downloadable ebook called the Dominican Republic Report. Here are some of the salient features that this book offers and why it is well worth the asking price of $24.95!
Informative, Up-To-Date--Facts you need to know about the Caribbean!
What to do on your first visit to the Caribbean and the Dominican Republic specifically: what to see, where to stay, whom to contact.Buy NOW!
How to consistently safeguard funds through Certificates of Deposit paying anywhere from 7% to 10%, tax-free. Buy NOW!
What is commercial “paper” with interest rates of 18% paid monthly (1.5%) Buy NOW!
How to Auction your money to the highest bidder Buy NOW!
Find out how to obtain a back Door to a Tax Free US Bank Account. Buy NOW!
How to find jobs on the islands that pay much more than a salary ever could.Buy NOW!
Why you would want to open a Corporation in the Caribbean.Buy NOW!
Find out about Asset Protection and Tax Benefits of a Caribbean corporation. Buy NOW!
Why you should understand what tax-free banking means for your portfolio.Buy NOW!
What is a Free Zone and how you can benefit by doing business in one? Buy NOW!
All the information and contacts needed to successfully invest, do business, and reside, in the beautiful tropical islands.Buy NOW!
Tax havens that few know about, complete with tax-free interest yields higher than any US banks will pay.Buy NOW!
Why the Caribbean? If you add up cost of living, tax-free banking, incredible real estate values, lifestyle and general ambiance, you will find that the some ideal places in the Dominican Republic has more to offer then most other countries.
Many of our clients agree and were able to start profitable businesses in the Caribbean, others have decided to make this tropical paradise their home.
If you would like to just get a taste and put your pinky toe in the Caribbean blue waters then you can ask for the Intro and 1st chapter for free. This is not an auto responder. I will personally email back to you with the 1st chapter.
The information submitted will not be used for any other purpose. Bonus
As an additional courtesy we are making a special offer to those who buy The Dominican Republic Report. We will add you to our Premium Advisory Services email newsletter list! The newsletter is interactive and you can get thousands of dollars of FREE advice simply by writing in. The newsletter is sent out regularly, with current advice, how to do it, and commentary on local Caribbean and international news of financial interest to those thinking seriously about the Caribbean lifestyle. This is a real "news" letter not a marketing tool. Excerpts from a recent newsletter: READERS WRITE IN:
How does one become an expatriate? Just go to a country you want to live in and renounce your citizenship?
EDITORS REPLY: The term expatriate is an interesting one, simply because depending upon who you talk to, it could mean different things. The Merriam-Webster dictionary defines it as follows: Medieval Latin expatriatus, past participle of expatriare to leave one's own country - 1: to withdraw (oneself) from residence in or allegiance to one's native country, 2: to leave one's native country to live elsewhere; also to renounce allegiance to one's native country. So, both of these definitions could apply. Meaning that one could simply decide to live in another country without necessarily renouncing previous citizenship, or it could mean that someone may formally renounce citizenship if they choose to do so as well. There certainly are many Americans and nationals of other countries that are living or retired elsewhere (such as the Dominican Republic, Ecuador, Thailand, etc.) because cost of living is much lower, climate is better, etc., whereby such persons are still citizens of their home country, but have legal residence in their new country of residence. Of course, some may elect to renounce previous citizenship as a more final and formal legal separation. It is interesting to note that Americans really have more an incentive to renounce citizenship than Europeans when it comes to tax issues. Most European governments for example, take a more practical or pragmatic view by exempting non-residents (expatriates living elsewhere that have not renounced citizenship) from many tax obligations because the thought process is that such persons are not living in their home country (and why should they be liable to pay taxes for government services they are not using, such as public schools, and all the other things taxes are supposed to support). The United States, on the other hand, attempts to tax its citizens to death, regardless of where they are living or residing. So, technically speaking, Americans are still required to pay taxes (and perhaps double taxation in many cases if you include the taxes they are paying in their new country of residence) even though they are no longer living inside the US. While there is still an exemption on salaried or earned income up to about US$80,000 for Americans living and working abroad (some nice folks in Congress are trying to eliminate this just as some added information for you), one is still expected to report and pay taxes on ALL bank account interest, investment income, capital gains, estate taxes, social security taxes, and so on. As my friend Moishe from Panama would say - Such A Deal!
Thanks for the news on Argentina--glad to hear they are doing better, although 25% unemployment is what the U.S. had in the 30's depression. Wonder how much English is spoken in the capital? Is there a limit on dollars coming in as a tourist? Are there parts of Buenos Aires that should be avoided? What are the chances of a single woman coming out of there in one piece? Any advice is most welcome
EDITORS REPLY: You are certainly correct that 25 percent unemployment is what the situation was during the so-called great depression in the US during the 1930's. In fact, this is the current unemployment rate also in Uruguay and the Dominican Republic as well. However, unlike Americans during the 1930's, no one is jumping out of windows. Although just as in the US during that time period, speaking of Argentina especially, people are active in demonstrating against the government to do more to solve the problem. But, this does not mean there is any anger or disrespect towards tourists or other foreigners living there - on the contrary. In addition, even though I have heard all sorts of negative rumors about high crime and so on, I have to say that has not been my experience at all. In fact, I found most people to be very helpful and friendly. On the issue of dollars coming into the country, I am not aware of any limits and in fact it would seem the country more than welcomes this kind of incoming revenue at the moment (there is no problems changing dollars into pesos at any of the local banks or money exchange facilities). In terms of safety, just as in any large city (Buenos Aires has a population of about 13 Million, including the greater metropolitan area) it is wise not to put yourself in a foolish situation and there are places (just as anywhere else) where you might not go -especially at night. But, I can say that I found the city center area (Avenue Florida) and residential neighborhoods of Recoleta, Palermo, and Rivadavia plus a number of other middle class areas of the capital to be quite safe.
Hello John - I live in Panama and would like to point out that there are two prices for real estate here too. Some of high-pressure promoters have inflated the prices in some selected places 2 to 50 times. When you get away from the promoters like in Boquete the prices are indeed very different. The buyers who have paid inflated Florida or California prices usually do not speak a word of Spanish and distrust "those foreigners" while dealing only their shady nationals. They deserve to get screwed! There is a reward for those who take the time and effort to learn the language or make friends with a good translator (like I have) then have her/him communicate with the locals. I like Panamanians and as a rule I prefer them to gringos or loonies. I do know a few nice US citizens and Canadians but as general rule I keep away from most gringos and loonies. Anyone who thinks Bush or Chretien/Martin is honest (or even human) to me is deficient in intelligence and defective in ethics. You have had people on your newsletter that ranted about garbage coming into USA! My observation is that lot of garbage from USA with their race hatred, guns, and pitbulls are now leaving USA to infest/infect other countries. If the US cleaned up its own act (from phony presidential elections to Enron Scams) and cease intruding into the affairs of other nations, the world would be a safer place. Some of the garbage inside those "gated communities" are not much better than those in that gated community in Guantanamo ---the difference is only in the money they (stole) have. The bible babblers that surround Bush are not any different or less evil than those who surround Ben Laden. Those without hate and fear as a motivator, do get to know and like the locals while the garbage likes to stick together.
The hatred and violence that the US has exported for generations has come home and now the haters and their victims are looking for another place to live. The world has had arrogant "super race" before led by defective and mediocre "Fuhrers" with a very predictable end. The USA better learn quickly before it becomes another Nazi Germany or Argentina.
Here is a website which has properties outside of the real estate tourist trap areas as well of some in it - www.holidaycabin.com. The business is a new start-up where the main input is from locals -- I am just the web-master. The prices are often very reasonable and affordable on this web site especially if you get away from the tourist traps. Some of these properties are among locals with few "foreigners" nearby and would be nice places for those who can along with the locals. Keep up the good work.
EDITORS REPLY: Thank you for your comments and information.
Dear John, First of all I like to thank you very much for your help in all the immigration matters and the professionalism and punctuality of which everything was done (even though the DR is not a European Country in terms of proficiency). In regards to the discussion here on the site about USA-garbage, I only have the following comments: Born and raised in Europe I have traveled the whole world and have had companies and commercial operations in 15 different countries over the time, and am now focusing on Eastern Europe. I have traveled to America for holidays over the last 20 years and love Key West and L.A - everything in between is basically just the garbage that arrived 100 years ago and hasn't de-composed it self yet. As hobby I trade in the futures market and went to a little town just outside Atlanta, Georgia 6 months ago for a one on one weekly study in market trading. I for sure didn't like what I witnessed!! I arrived a Sunday afternoon in this town and after check-in at the hotel I went to find something to eat and noticed RED LOBSTER. I ordered a nice starter, (and of course the Lobster main course) and a good bottle of white wine. The waitress told me that I was not allowed to drink on Sundays in this state and she could serve water or tea to my LOBSTER dinner. I now fully understand what hit the US 9/11!! Here where there are more churches than gas stations and people were more interested in what I believed in and what church I belonged to. I don't belong to ANY church, nothing in the world have created more problems than the stupidity about God and who's God is the strongest and the US is no better than the Muslims or the people of Israel, they are under educated and stupid most of the time. Even when I had a company in Tunisia, I as a foreigner and/or tourist was allowed to drink any time I wanted under my own personal supervision. Try to leave the USA and see how beautiful Barcelona, Monaco, Lugano, Paris and Venice is and you will understand why only the losers who couldn't make it here went to USA or were deported to Australia. Today only the high taxes are driving us away for 190 days per year! PS! Personally I think that China will be the next Superpower within 50 years as they have high education and hard working people, also they are not FAT like most in the US so they move faster and smarter.
EDITORS REPLY: Well, as always, thank you for your letters and comments. To be sure, I think it is safe to say that the US can be a very insular place, and it is also true many Americans forgot where their ancestors came from. For example, you are correct in that England used both the colonies in America and Australia has a dumping ground for criminals (just as Fidel Castro wisely emptied out his jails and sent the convicts packing to Florida when James Carter was President of the US). But of course not everyone was a criminal or misfit to be sure and many people migrated for the opportunities (free land to homesteaders in the Wild West, of which free land was certainly not an option in Europe at the time). The main point however is, despite the rhetoric, the US can be one of the most intolerant places to live. As you pointed out, you were in a Muslim country and despite that fact you were exempted from the Muslim prohibition against alcohol consumption. So, it also comes down to the issue of personal freedom and to what extent the state has the right to dictate certain things. In the so-called most free nation on earth, are Americans really so free in comparison to their European counter parts or other citizens of other nations? The answer might be very surprising.
Dear John, I have read several of your articles on offshore banking and investment as well as US tax regulations. All of these topics are applicable to US citizens. However, it is not clear how they apply to permanent residents or even to foreign investors. My understanding is that the US tax regulations apply to permanent residents and even foreign visitors if they reside in US longer than a given number of days/year. But it is not clear to me whether they have the responsibility to report offshore assets or incomes, or report only income earned in US. This line of questions also leads to the question of whether one should become a US citizen? Or is it true that once they become a permanent resident, it's all over. Do you have articles on these subjects?
EDITORS REPLY: Interestingly enough, residents of the US (Green Card holders) get the same tax treatment as do US citizens, to a large extent. Because of this, I have many European clients especially that have voluntarily renounced US Permanent Residency status (and of course not even considered applying for US citizenship). In fact, a few clients have reported to have been interrogated by the INS when they have done so - Why do you want to give up US Residency? Do you not know the US is the best country in the world? Are you crazy, etc.? So, I suppose it comes down to whether or not you feel it is worth paying for the privilege of calling yourself either a US resident or citizen. And to be fair, as one European already alluded, Europeans suffer some very high taxes as well, up to 60 percent in some cases for seemingly meager middle class income levels. However, the system in many European countries is fairer in that Europeans can at least legally declare themselves not resident for tax purposes (proving legal residency status elsewhere) and get a break in that regard (if they are not living in their country of citizenship). This however, is NOT the case for US citizens. In regards to US residents, while possibly exempt from certain taxation in their exiting country of citizenship, still suffer the full Set of US tax requirements.
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"While researching the Caribbean on the Internet, I found your report. It became a valuable resource for me as I transplanted my family to this beautiful island. Thanks for all the tips and the weekly newsletters that keep me updated on the late breaking news re: protecting my hard earned nest egg. It’s a great report and worth every dollar. I am sure I have saved 1000’s already. " – GJS, Maryland
"Loaded with great information. Thanks." – MS, California
"I fell in love with the Caribbean and understand so much more now that I have read your e-book. Thanks a million!" – IG, Maine
You will fall in love with the Dominican Republic. That's a no-brainer.
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BONUS ARTICLE: READ the Top 8 Secrets To Successfully Work at Home Apply the top 8 secrets to successfully work at home
by Carlos Garcia Publisher of the "Wealthy Secrets" Newsletter
What I'm about to reveal to you are 8 proven secret strategies, that will help you accomplish positive results with the time you spend on your home business.
Ready?
1. Imagine yourself as the CEO of a major corporation.
This technique will put you in the proper frame of mind, to envision yourself as your own boss, and that you are in complete control of your business.
As the CEO of your corporation, it is very crucial that you project where your business will spiral towards in the next 5 years. Remember A DREAM written down with a date becomes a GOAL. A goal broken down becomes a PLAN..
A plan backed by ACTION makes your dream come true..
From The Millionaire Mentor by Greg S. Reid
Therefore, you need to…
2. Set Specific Goals
"Goals are like train tracks." They keep you moving forward in the direction you want to go. -Vicky Smith
When setting proper goals you need to exercise 2 simple strategies:
First and foremost, *Set Your Long Term Goals* (a.k.a. Dreams)
The bottom line is this, if you want to head in the right direction, than you must know where you want to be in 3 months, 6 months, 1 year, 3 years, even 5 years from now.
This technique is amazingly effective when you type your goals down, and print them out. (Be sure you do it, I'll tell you why later.)
Secondly, you must always set and accomplish daily goals, so that you will achieve your long term dreams (goals). When you know where you want to be and where you are headed, than you will know exactly what you need to do to get there.
This will definitely get the ball rolling for you to set your daily goals.
3. Set up a *daily* To-Do Lists - Now that you have distinguished your daily goals, the easiest way to accomplish them is by working on a priority basis always working on the most important task first.
Design your daily to-do list at the end of your work day, so you know exactly what you need to do when you wake up in the morning. Make your daily tasks realistic, and be sure that they are accomplished. Think of each task you accomplish as a stepping stone towards your dreams.
The key here is for you to go to bed at night without having any regrets, and knowing that you have achieved everything you could that day.
Here's a neat trick: Use Microsoft Outlook's task manager to prioritize your daily To-Do list. Outlook will let you manage your tasks on a per hour basis. It is very crucial to avoid procrastination if you plan on getting where you want to be in 5 years.
Here's the best part: Outlook will keep reminding you, if your tasks have not been accomplished. This gives you absolutely no excuses not to work. Which brings me to my next point…
4. Devote a *specific amount* of hours each and every day...
...to work on your business. To avoid getting side tracked, DO NOT surf the net, close your instant messenger conversations during this period of time.
The more side tracked you become, the further away you will be from your dreams.
5. Develop a positive routine
Research proves that eating breakfast every morning, will help you to think better, and even work more efficiently on your business.
Always take 15 - 30 minute breaks during the day to avoid straining your eyes. Have a good night's sleep, (6 to 8 hours is recommended.) Most importantly, try exercising daily because this will help fuel energy through out your body.
6. Stay organized, and focused
Tape your goals list on the wall by your work area, so that you will be reminded of what you are striving towards, each and everyday.
This important step alone will help guide you towards your ultimate goal, and keep you focused on what you should be doing.
If you ever feel that you don't have the energy to work on your business, simply take a look at your long term goals list, and let it remind you of your dreams.
Use this power to help you move forward in the direction you want to go.
7. Check your email ONCE every hour
Some of us love the idea of receiving email daily, and in most cases would likely check it every few minutes. This can be a very devastating routine that you will become accustomed to, be sure you eliminate it before it becomes routine.
The real secret to running a successful home based business, is to spend your time wisely and efficiently, by developing a positive daily routine.
8. Have fun
This may be the most important step of all. Make sure that you enjoy every minute you spend working on your business. If you can't stand the idea of getting up in the morning to work, than you might as well look forward to going back to
that J.O.B. ( Just Over Broke ) you dread.
You must enjoy what you do, in order to fully succeed and accomplish your long term goals.
I have given you these 8 powerful strategies, the only way that they will work for you is if you apply them right now.
I wish you the best of luck with your home business, and I hope that you have a prosperous year.
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