The world is changing quickly and more and more of you are considering moving and owning property overseas. Perhaps you want to open a business. There are lots of reasons people are making the move. Retirement, a better quality of life on a limited budget, and the opportunity to serve others in business or charity are the most popular reasons. There are others too, like political reasons, marriage, and job transfers. For whatever reasons, the numbers are growing rapidly and more and more North Americans are coming to Nicaragua and Latin America.
While we who are here welcome those on the way, we also know the dangers and pitfalls many of us have encountered. They are the same ones that you are likely to encounter without a good sense of the legal, cultural, and political differences. Many of these “opportunities for growth” lay hidden in the familiar and will trip us up before we even know what has happened. You should arm yourself with facts and knowledge so that you can spot these legal, political, and cultural tripwires and avoid as many of these missteps as possible.
The Central American Advantage Conference, January 15-18, in Managua, Nicaragua will be an opportunity to explore these issues with expats and entrepreneurs in a one-stop shop format that will address all your questions about living, investing, running a business, and retiring in the region. You will see, hear, and meet over 30 expats living in Nicaragua, many of whom have started and run businesses here, too.
This four day event is designed to cover the critical data you need to know before you move south of the border. Additionally, you’ll have the opportunity to participate in a day of social service alongside your fellow attendees and “celebrities” from Nicaragua. Plan to stay on a few extra days to tour properties, businesses, and meet with lawyers, advisors, government officials, and individuals who can help you create the opportunity you envision.
Day one of the conference will introduce investing internationally. Several presenters will highlight opportunities available to investors both inside and outside of Latin America. Industry leaders will discuss your options for international banking, asset protection, privacy considerations, and tax issues facing the international business community and foreign residents. Topics will include asset protection, opening and running a business, legal issues in a Civil Law system, property ownership do’s and don’ts, and the basic rules and procedures for becoming a resident. For many folks, opening a business in the tourism sector is the first field they explore.
Day two of the conference is reserved for additional presentations about investing internationally. On this day, Maurice Glazer, CEO of Glazer Financial Network, and a financial advisor with over 40 years experience, will explain to you how as US citizen living, working and retiring abroad, taxes effect you.
Expats Living in Nicaragua Take Note: On this second day of the conference, you will also hear from International Asset Protection and Tax Attorney, Joel Nagel. He will lead a special session on the HIRE Act passed by the US Congress and signed into Law by President Obama in 2010. This law has immediate and profound effects on US Citizens and business people with assets overseas. New filing and reporting requirements are now required. Penalties for non-compliance are severe including possible jail time. Understanding these changes is critical to stay in compliance. Mr. Nagel will explain this law and what it means for US Citizens with offshore assets.
Day three of the conference will focus on international due diligence, opening and running a business, issues surrounding living abroad, and a country focus on Nicaragua. Multiple panel discussions are included to highlight a variety of expats, retirees, expat entrepreneurs, business owners, and service organizations. You will hear first hand from expats explaining what it is like to work and live in the region. These panels are a way to see who is doing what quickly and let you identify those folks with whom you’d like to meet one-on-one over cocktails or work alongside in the day of service.
This conference has dedicated the afternoon of the third day to a specific focus on opportunities in tourism. While the topic is tourism, the general lessons of running a business offshore will come through loud and clear. In all, 15 expat business owners will serve on four panels discussing not only the traditional tourism sectors like hotels, condos and bed & breakfasts, but also alternative sectors of tourism including: Agro-tourism; Sustainable tourism; and Medical tourism. These business leaders will be invited to join you at the poolside cocktail party so you can grab them one-on-one and dig into the details of what it’s really like to start and operate a business overseas.
Day four of the conference is a day dedicated to social service work. A Nicaraguan NGO will offer a special opportunity for attendees and speakers to participate in a hands-on service project in Education. Everyone will then work alongside volunteers and beneficiaries for a wonderful day of giving back and connecting to Nicaragua in a special and unique way.
Day five will be fun for everyone and is a great way to enjoy Nicaragua! This is an additional, optional day, which will be spent at Gran Pacifica Resort to enjoy the beautiful Pacific Ocean. Additional onsite activities will be available for all conference attendees, including: surfing, bird watching, and horseback riding on the beach, massages, and so much more. Tasca, the resort’s restaurant, will be preparing a traditional Nicaraguan lunch of Caballo Bayo, specifically for the attendees, to enjoy!
If you wish to register, please fill out the form attached and look at the full agenda here. I look forward to seeing you in Nicaragua this January for an exploration of the region and a country that you just have to see to believe.
Where: Seminole Plaza Hotel, Managua, Nicaragua. Reserve your hotel room in advance at the Seminole Plaza Hotel, Managua.
Date: January 15 – 18, 2013