299: Expat News: Panama’s New President, Millionaires Fleeing The US, and Malaysia’s Hilarious Visa Flop

The Expat Money Show - With Mikkel Thorup

What is my take on Panama’s new President, José Raúl Mulino? Why are so many millionaires fleeing the US? And what happens when a country vastly overestimates its visa offering? In this week’s episode, you’ll hear my thoughts on the above and so much more as we dive into the latest stories affecting expats on the latest edition of Expat News!

TODAY’S EDITION OF EXPAT NEWS:

• Listen in to hear about Malaysia’s bumbled attempt to launch a “Premium Visa Program” - honestly, I am still chuckling over this.
• Find out why the number of American millionaires looking to acquire second residencies and passports has surged in the past four years, including President Biden’s shocking capital gains tax proposal.
• Hear my thoughts on the election of Panama’s new President, Jose Raul Mulino and how it will affect expats.
• Free passports?! Learn about El Salvadoran President Nayib Bukele’s offer of free passports to foreign skilled professionals.
• Tune in to hear about an important upcoming deadline affecting those applying for Caribbean citizenship by investment.
• Uncover the reasons why Spain is threatening to end its Golden Visa program—yet another reason expats should generally avoid the country as far as Plan B’s go.
• You’ll be horrified when you hear about Canadian Prime Minister Justin Castro's —er, Justin Trudeau’s—disturbing new speech bill.
• Learn about an interesting new visa being proposed in Southeast Asia.
• Hear about the shocking number of Americans who may qualify for Armenia’s citizenship by descent program.
• Lastly, you’ll learn more about Hungary’s upcoming Guest Investor Program.

LET ME KNOW WHAT YOU THINK!

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CONCLUSION

I hope you enjoyed this second edition of Expat News. These episodes take a lot of prep work. Luckily, I have a team of expert researchers here at Expat Money who make sure the most important stories don’t pass me by, allowing me to give you my thoughts right here on the podcast. Are you a fan of this type of segment? If so, be sure to let us know, and I’ll see you back here next Wednesday for episode 300!

Mentioned in this episode:

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Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.

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JOIN US IN PANAMA - FLY'N BUY TOUR

Beginning of Q4, 2024, the Panama government has already stated that they are increasing the investment minimums for immigration from $300k to $500k for real estate; we also expect them to make this process more difficult! Because of this, I have decided to run a few quick trips to Panama for our community. Seeing the real estate in Panama is an important part of the due diligence process, that’s why I would like to pay for you to join me in Panama. All you have to do is sign up for the tour at https://expatmoney.com/fly, pay for the tour, and if you end up finding a property that fits your needs on the trip, then the amount you paid for the tour PLUS your airfare (up to $1000 USD) will be taken off the purchase price, making the entire tour and flights essentially free for you. Why am I offering you this awesome deal? Because my hope is you will hire me and my lawyers to do your immigration work! Our company has helped hundreds of people successfully go through the immigration process in Panama, and we do an excellent job, if I do say so myself. This is a service we offer to everyone in our community, but you have to choose a good property that will qualify you first.

Panama Fly'n Buy Real Estate Tour

JOIN US IN PANAMA - FLY'N BUY TOUR

Beginning of Q4, 2024, the Panama government has already stated that they are increasing the investment minimums for immigration from $300k to $500k for real estate; we also expect them to make this process more difficult! Because of this, I have decided to run a few quick trips to Panama for our community. Seeing the real estate in Panama is an important part of the due diligence process, that’s why I would like to pay for you to join me in Panama. All you have to do is sign up for the tour at https://expatmoney.com/fly, pay for the tour, and if you end up finding a property that fits your needs on the trip, then the amount you paid for the tour PLUS your airfare (up to $1000 USD) will be taken off the purchase price, making the entire tour and flights essentially free for you. Why am I offering you this awesome deal? Because my hope is you will hire me and my lawyers to do your immigration work! Our company has helped hundreds of people successfully go through the immigration process in Panama, and we do an excellent job, if I do say so myself. This is a service we offer to everyone in our community, but you have to choose a good property that will qualify you first.

Panama Fly'n Buy Real Estate Tour

Join Us For Upcoming Live Webinars

Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.

Webinars - Expat Money