Nick Giambruno has lived in Europe, worked in the Middle East, and knows the ins and outs of Puerto Rico's tax benefits. This is the second time he's talked to Jason about Puerto Rico and shares some great insight on how Jason's US citizens can take advantage of Puerto Rico's laws. Jason and Nick also talk about Bitcoin and US global income tax on today's show. 

Key Takeaways:

2:40 – You can move your business to Puerto Rico to get great tax benefits. Nick explains how you can do this in this segment. 

9:30 – You don't have to move to Puerto Rico to take advantage of Puerto Rican tax benefits, but if you do, you can receive extra benefits as well.

11:00 – Puerto Rico doesn't want you to just setup an entity on their soil, they want you to employ Puerto Ricans as well.  

13:10 – Virgin Islands verse Puerto Rico? Nick explains the difference and why Puerto Rico is better. 

17:15 – Jason and Nick both love the concept of Bitcoin, but they don't see how it'll work without the support of the central banking system. 

24:00 – Jason talks about the possibilities of making Bitcoin illegal and what that would mean. 

26:30 – Nick does a quick overview of what it means to move to Puerto Rico for those who are interested. 

32:45 – Jason and Nick talk about global income tax. Jason says people think if they have a US passport, they'd get US government protection, but that's simply not true. 

36:22 – Final thoughts? Nick says if you can structure your business to take advantage of Puerto Rican tax benefits, then do it! 

Mentioned In This Episode:

http://www.internationalman.com/articles/puerto-ricos-tax-incentives

Julia Herz is the Craft Beer Program Director for the Brewers Association as well as a homebrewer and a certified Cicerone. She is the publisher for CraftBeer.com, a website that showcases the different craft beers across the US. CraftBeer.com highlights not only the independent producers, but also breaks down the process and gives a behind-the-scenes look at how each beer is made. Julia explains to Jason the neat things you can find on the website that will make any beer enthusiast's heart soar. 

Key Takeaways:

2:25 – CraftBeer.com is 4 years old and helps put more independent craft brewers on the map. 

3:50 – Craft beer versus micro brew? Julia explains the difference. 

7:35 – Craftbeer.com is meant for the beer beginner learning the ropes. It also helps you find new and cool places to check out. 

10:30 – Colorado has a big craft brewery community, but so does the rest of the US like New York, California, and Chicago. 

13:02 – The Great American Beer Festival hosted by the American Homebrewers Association has 49,000 attendees a year. 

15:08 – Julia’s marketing tip is to tap into the enthusiast, get them behind your event, and give them rewards for doing so. 

17:10 – Beer works very well with grilled, roasted, and smoke meats. Citruses also can make a great pairing with beer.  

Mentioned In This Episode:

http://www.craftbeer.com

http://www.brewersassociation.org/

Mike Cobb is the president of ECI Development and has been living as an expat for the past 11 years in Central America with his wife and two daughters. He is currently located in Nicaragua and speaks to Jason about what life is like in Central America along with some interesting real estate movements in Nicaragua, Belize, Costa Rica, and Panama. 

Key Takeaways:

3:00 – If you look at Panama today, it looks like Miami. Due to location, Panama has been doing very well economically.  

8:27 – Property taxes in Central America are incredibly low. With a $150,000 condo, your property taxes are $200 a year. 

10:00 – Minimum wage is $4 a day in Nicaragua and $11 a day in Belize. 

18:20 – People are moving to Latin America for better quality of life and to live this life on less money.

24:40 – Mike says living overseas is probably only right for about 5-10% of the US population. 

28:50 – Everywhere in the world there's corruption, Latin America is no different. 

32:10 – Nicaragua is perceived by many Americans that it's a dangerous place, in reality that's far from the truth, but because Nicaragua has this perception, real estate prices are incredibly low. 

Mentioned In This Episode:

http://www.ecidevelopment.com/

Traveling authors, Louise Lague and Tom Lichty use today’s Jet Setter Show to talk to Jason Hartman about their new book, The Expat Almanac. In both the book and the podcast you’ll find tips, advice and tales to make the transition that little bit easier when dropping everything and either moving to a new country long-term or just staying for a few weeks or months at a time. 

Key Takeaways

02.30 – Unless you have access to unlimited funds, renting both at home and abroad is a luxury you may have to give up.

04.15 – If you can’t or don’t want to go through the process of visa applications, you will have to adhere to each country’s immigration policies, which for many involve a maximum stay of 90 days.

06.03 – If you know the town you’re going to, do some research to make sure you’re staying in safe, desirable neighborhoods. 

07.45 – When looking for more affordable accommodation options, consider looking at websites specializing in house-sitting  opportunities.

11.57 – Even when everything seems to be going wrong, the people you meet can change your fortunes and help you out.

13.12 – Blue Cross medicare insurance is one of the few which offers overseas coverage and specifically refers to coverage in life-threatening events.

16.13 – Find out more information about Louise and Tom’s book, The Expat Almanac on www.expat-almanac.com

Mentioned in this episode

www.tripadvisor.com

www.cntraveler.com

www.nytimes.com

www.airbnb.com

www.HomeAway.com