Search found 271 matches

Go to advanced search

by Mark Smith
Mon Jul 21, 2008 8:39 pm
Forum: Expat Information
Topic: And the dollar's back!
Replies: 37
Views: 8500

Mark Smith Said: Emotional reaction aside, there are a lot of good reasons to believe that the dollar is through the worst of it. I think it is sort of dimissive to claim it is emotion.. I wasn't being dismissive, I was only drawing a line between analytical and emotional considerations, and much o...
by Mark Smith
Mon Jul 21, 2008 8:05 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

As always your input is valuable! But what about a shell company. Thanks. David ( I sign this way for IRS purposes ) If done correctly they can be very helpful (but don't call it a "shell"!!) In the US there are very rigorous and draconian rules for "controlled foreign corps" th...
by Mark Smith
Mon Jul 21, 2008 4:34 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

No way, nobody is trying to have any problem with the IRS! We love to pay our taxes!! :P But it is a good option for an off-shore account, and what I understand is when you withdraw and bring it into the USA, or in this case to Peru, then the corresponding taxes are applicable. Correct me if I am w...
by Mark Smith
Mon Jul 21, 2008 2:47 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

But, what do you think about the Panama option? It is still a very good and feasible one,, offered only to non-residents. I know that Panama is becoming less attractive as well. But I don't know the details. I use Panama extensively. It's no good if you're trying something against US law, but there...
by Mark Smith
Mon Jul 21, 2008 2:45 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

But anonimity is very protected in Panama. Eventually, we will run out of options Panama has a full transparency agreement with the USA and banking information there can be obtained by the IRS or any federal agency as easily as it can be from banks in the USA. They are also a party to several inter...
by Mark Smith
Mon Jul 21, 2008 2:43 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

Beating a dead horse here but... Is pension or disability income taxed also? Assuming it is coming from another country. Yes. Peru doesn't test the source or nature of the income, just your time in country. There might be a provision to move that money into an on-shore pension fund but I've not inv...
by Mark Smith
Mon Jul 21, 2008 2:42 pm
Forum: Expat Information
Topic: Royalties and taxes
Replies: 29
Views: 5930

Re: Taxes, more taxes

So My Friends, What I have learned here is that if I retire in Peru or stay for 180 days than I am liable for taxes to the Government of Peru? Even though the Money is brought into the country. Also when you file your copy of your pension of more than 1000 dollars with the government for the retire...
by Mark Smith
Tue Jul 15, 2008 9:46 am
Forum: Expat Information
Topic: And the dollar's back!
Replies: 37
Views: 8500

most likely what ever currency i switched to went up as well , or kept pace , or lost a little ( but did not go extinct ) . Just a thought . Well, that actually can't happen. That is, it's impossible for all currencies to go up since "up" or "down" is only a relative term, one c...
by Mark Smith
Fri Jul 04, 2008 11:15 pm
Forum: Expat Information
Topic: Real Estate in Lima
Replies: 7
Views: 2184

Are you in San Isidro and do you speak Spanish? If so, the city property tax department may have information you can review. I work for the tax assessor in las Vegas NV and its pretty universal. Both Miraflores and San Isidro have very modern offices with digital maps and some analysis on sales. Th...
by Mark Smith
Fri Jul 04, 2008 11:08 pm
Forum: Expat Information
Topic: U.S. now taxing ALL assets for giving up citizenship
Replies: 34
Views: 7720

I just wanted to focus a little on what this new law actually says. First, the US gov't can only asses your assets after you've officially renounced your US citizenship. So, the order of optimum action is obvious. Second, it also only applies to unrealized gains - that is, appreciated value of capit...
by Mark Smith
Wed Jun 25, 2008 5:15 pm
Forum: Expat Information
Topic: Does anyone use Vonage or some other Voice-Over IP service?
Replies: 21
Views: 6751

I've had Vonage in my Lima apartment for several years and the company uses it in all the South American offices. It's been great and the connection quality is usually better than the land lines! Cost for limited service (free calls anywhere in the USA and Canada, plus cheap calls around the world) ...
by Mark Smith
Tue Jun 24, 2008 3:07 pm
Forum: Expat Information
Topic: Coca leaf powder -- OK to bring to US?
Replies: 22
Views: 18443

Once in Jorge Chavez I asked to the aduanas if it is allowed by Peruvian law, and they told me as long as you don't take leaves, it is ok, so in teabags you can buy in the shops are ok. In the Netherlands however, the law is quite simple. Any coca related product is on the hard drug list. So basica...
by Mark Smith
Tue Jun 24, 2008 3:03 pm
Forum: Expat Information
Topic: The great CONSPIRACY?
Replies: 61
Views: 13336

I declare myself more American than even Americo Vespucio (who started all this trouble) While we're on the topic of correctly naming stuff, his name is Vespucci, not Vespucio as they call him in Spanish. It's not well known but Vespucci changed his first name from Alberigo to Americo once the cont...
by Mark Smith
Tue Jun 24, 2008 2:59 pm
Forum: Expat Information
Topic: The great CONSPIRACY?
Replies: 61
Views: 13336

I'm convinced. I'm going to stop saying Peruvian and start saying American to describe people from Perú.. The reason to name something is to help communicate about it. To that end, most people agree to call others what they themselves want to be called as appropriate to the context. The term Africa...
by Mark Smith
Sat Jun 21, 2008 9:57 pm
Forum: Expat Information
Topic: Coca leaf powder -- OK to bring to US?
Replies: 22
Views: 18443

I've also brought it into the US without trouble. But it is illegal and if you get caught it could result in something serious. Though most likely they'll just confiscate it and cause you a bit of a delay in customs.
by Mark Smith
Fri Jun 20, 2008 5:45 pm
Forum: Expat Information
Topic: Financial opportunities
Replies: 7
Views: 1911

alyscamps wrote:Did somebody open an account in HSBC branch in Lima?


I just this month opened an account at HSBC Lima. They do not yet have on-line banking, that's supposed to be up in July, so I'm not yet using the account.
by Mark Smith
Fri Jun 20, 2008 5:40 pm
Forum: Expat Information
Topic: Question about entry requirement
Replies: 2
Views: 802

Hi, The most common way people deal with this is to buy a fully refundable return ticket, then simply get that refunded once your in Peru. The forward bus ticket is "legal" but they're likely to have trouble with that - because it's such an obvious loop hole - at both your point of departu...
by Mark Smith
Thu Jun 19, 2008 5:55 pm
Forum: Expat Information
Topic: Seen any good movies?
Replies: 27
Views: 5617

August Rush was good! A little suspension of believe needed, but with that a lovely story.

Charlie Wilson's war is a MUST SEE (I watched it twice)
Fool's Gold put me to sleep (last night, in fact)
Indian Jones was horrid
I Am Legend was very good
No Country for Old Men intense (and good)
by Mark Smith
Thu Jun 19, 2008 5:50 pm
Forum: Expat Information
Topic: FTA dead in the water?
Replies: 6
Views: 1582

Correct me if I am wrong. Many many years ago Chile had to leave or chose not to join Agreements such as the Pacto Andino (CAN, same one?). Will Peru have to follow the same route? It is not easy to reason with Bolivia in this case. Just look at Mercosur. Chile was never a full member of Mercosur, ...
by Mark Smith
Sun Jun 15, 2008 10:33 pm
Forum: Expat Information
Topic: ideas on how to get books from Toronto-Canada to Lima-Peru?
Replies: 18
Views: 4210

You could send them in a cargo. For books, customs don't charge import taxes. (at least not us) Good luck! This is a bit of a dice roll. We've had mostly bad luck with shipping books for expats moving to Lima to work for us. There is legally an exemption from duties but frequently they get caught i...
by Mark Smith
Wed Jun 11, 2008 4:40 pm
Forum: Expat Information
Topic: my carnet...
Replies: 6
Views: 1718

Hi - the Fec Caducidad is the date that the carnet lapses or expires. Other than that you need to pay your taxes once a year (tasa anual de extranjeria or TAE) and pay the annual Prorroga de Residencia (POR). Those are the two stamps on the back you have to get at two different times each year.
by Mark Smith
Wed Jun 11, 2008 4:35 pm
Forum: Expat Information
Topic: Selling Peruvian handicrafts online
Replies: 19
Views: 4475

I've sold a little through ebay with some success. I've sold a lot - especially finger puppets - through small shops in the States where I've met the owner or manager.
by Mark Smith
Mon Jun 09, 2008 8:02 pm
Forum: Expat Information
Topic: Coming in on LAN airlines w/ a one-way
Replies: 7
Views: 2083

they specifically asked for an onward ticket on TACA departing from Buenos Aires 3 weeks ago. That's interesting. I took that same flight about 2 years ago and nobody askied me anything either leaving BA or arriving in Lima. And I didn't have an exit ticket. It's a bit of a crap shoot. By law they ...
by Mark Smith
Mon Jun 09, 2008 7:56 pm
Forum: Expat Information
Topic: Open a business in Peru
Replies: 41
Views: 13139

Hm, I'm starting to think that the informal route is better. Millions of Peruvians agree with you. They probably are not wrong. A former landlady of mine was strongly of the opinion that it was her patriotic duty to regularize her business as a "external tourism agent" for which she had t...
by Mark Smith
Mon Jun 09, 2008 7:52 pm
Forum: Expat Information
Topic: Diversifyieng my savings
Replies: 24
Views: 5748

Scotiabank has euro accounts locally? Good for them! Finally some out of the box thinking!! Also, HSBC now has personal accounts available. They are not fully up to speed yet (internet banking won't be on line 'til July and their premier service not until February) but it's a great move forward.
by Mark Smith
Fri Jun 06, 2008 4:52 pm
Forum: Expat Information
Topic: Where is the line drawn with the Tourist Price?
Replies: 4
Views: 1282

As I recall, the low price is for "residents", which is supposed to include anyone with a CE or other resident ID. That also applies to the occasional "residents only" air fares offered by LAN. The idea (and it makes sense) is that the overall cost of the facility is paid for by ...
by Mark Smith
Thu Jun 05, 2008 7:18 pm
Forum: Expat Information
Topic: Departing Peru...
Replies: 23
Views: 4159

Re: Departing Peru...

[quote="johnstar"]Hello everyone, I have a few questions regarding the regulations at Jorge Chavez Airport. I've been here almost three months and i will leave Peru on monday 9th June, however im a bit unsure about what i can carry in my hand luggage...for example i bought a ton of gifts f...
by Mark Smith
Thu Jun 05, 2008 7:12 pm
Forum: Expat Information
Topic: The perfect (political) storm ?
Replies: 11
Views: 3076

I agree, David. Anyone invested in the S&P, for example, had a tough year in 07 (and probably for 08). But that's blind investing and it only works in the long term (and it generally does work....as long as you're looking at 10 yr planning horizons). And I also agree that luck is a huge player (...
by Mark Smith
Thu Jun 05, 2008 7:07 pm
Forum: Expat Information
Topic: Diversifyieng my savings
Replies: 24
Views: 5748

Re: 401k

Maybe I should start a new topic on this... I have been thinking about cashing in my 401K (about 50,000 dollars), paying the penalty and investing the money in the growing Peru stock market. Unless you have other reasons for wanting to move your money out of the US (I would if I were you) then it i...
by Mark Smith
Thu Jun 05, 2008 8:20 am
Forum: Expat Information
Topic: Diversifyieng my savings
Replies: 24
Views: 5748

Yes, it's easy, but you're not opening an account in Peru (you can as they have a company here...but then only in Soles or USD). you're opening an account in the Isle of Man. And you can do it is euros or any (or all) of the major currencies. http://www.offshore.hsbc.com/1/2/home Dig around here and...
by Mark Smith
Thu Jun 05, 2008 8:13 am
Forum: Expat Information
Topic: Democrats Abroad
Replies: 27
Views: 6012

I keep hearing this theory over and over again among critics that McCain will be the default winner if Hillary don't make it, since the US white political system would never accept to have a black as president. So Hillary is very much obliged to win, but doubtful by now. I spend half time in the St...
by Mark Smith
Thu Jun 05, 2008 8:08 am
Forum: Expat Information
Topic: Open a business in Peru
Replies: 41
Views: 13139

do you know how this compares to opening a branch of a business started in another country? For example I opened a business in Toronto, Canada and would like to open a branch of it when i relocate to Lima, I also want to do the same for an NGO i started here in Canada....do you know which would be ...
by Mark Smith
Thu Jun 05, 2008 7:22 am
Forum: Expat Information
Topic: The perfect (political) storm ?
Replies: 11
Views: 3076

Re: The perfect (political) storm ?

David wrote:Stocks are stagnant,


Seriously? I've made more money in the stock market in the past 6 months than ever before! And I did pretty well in 2007 too.
by Mark Smith
Thu Jun 05, 2008 7:19 am
Forum: Expat Information
Topic: Cash Deposits
Replies: 22
Views: 5639

For instance, in the US cash transactions might be refused by a broker, lead to bank accounts being closed or confiscation of the money by the government. And breaking them up into smaller cash transactions is a crime in the US. In the US use of cash is considered criminal. I've delt in cash in lar...
by Mark Smith
Thu Jun 05, 2008 7:15 am
Forum: Expat Information
Topic: Travel Alert: Costa Rica
Replies: 7
Views: 1592

You can also get your yellow fever card back-dated for a nominal fee at many clinics. $20 usually does the trick. Seriously.
by Mark Smith
Thu Jun 05, 2008 7:13 am
Forum: Expat Information
Topic: Diversifyieng my savings
Replies: 24
Views: 5748

Re: Diversifyieng my savings

That stuff about banking laws is bogus nonsense. But US banks are generally too ignorant and parochial to offer such services. Craig There are legal issues and some countries simply prohibit banking in any currency but their own (most do this, in fact). It's also hard to find banks in countries wit...
by Mark Smith
Thu May 29, 2008 12:47 pm
Forum: Expat Information
Topic: Another Dollar Downfall & 70's Flashback...
Replies: 82
Views: 13850

[quote="sigler311"]I have a very different opinion of the future then you guys. I can guarantee you oil will not rise to $10.00 a gallon(atleast in the next 10 years) and will probably stay around the 4.00-4.50 mark this summer and actually start to go down after summer. /quote] Interestin...
by Mark Smith
Tue May 06, 2008 4:42 pm
Forum: Expat Information
Topic: Almond, coconut, peanut milk?
Replies: 8
Views: 1602

I'll try the next time we go shopping. I'm not looking for the stuff htat's in the liquor section to make drinks, but thin, drinkable coconut milk. Like you use in Thai cooking, curries, etc; that's what they sometimes have. Not the sweetened (and often thickened) stuff for making tropical drinks.
by Mark Smith
Tue May 06, 2008 4:40 pm
Forum: Expat Information
Topic: increasing food and gas prices
Replies: 43
Views: 6321

Decreasing the value of the sol means that all sole prices will tend rise (everything else being the same) since supplies of goods have not changed. So goods like food will be more expensive in the local markets. Understood. That's the fundamentals of inflation. But inflation doesn't increase costs...
by Mark Smith
Tue May 06, 2008 2:26 pm
Forum: Expat Information
Topic: Highway Brazil - Peru
Replies: 8
Views: 1300

Before anyone gets into an environmental debate, consider how much deforestation took place building I-95, I-80, I-75, I-10, I-4, etc etc in the USA. Why can't Peru and Brazil have a highway? I think it would be awesome if done responsibly which I know is asking a lot in South America. If everybody...
by Mark Smith
Mon May 05, 2008 6:32 pm
Forum: Expat Information
Topic: increasing food and gas prices
Replies: 43
Views: 6321

There's speculation that the dollar is going to drop again and rumor has it that the Peruvian government is forbidding the Central Bank from buying up dollars citing that it drives up food prices...but again, I haven't seen any firm facts to verify if this is true. Many reputable financial advisers...
by Mark Smith
Mon May 05, 2008 5:21 pm
Forum: Expat Information
Topic: Ordering on e-bay with a Peruvian debit card
Replies: 18
Views: 2149

The problem with many on-line ordering outfits is that they require the billing address for the CC or debit card to also be entered and be correct, and their systems don't handle foreign addresses (except sometimes Canada). Thus, while you can enter your address in Peru their system can't automatica...
by Mark Smith
Mon May 05, 2008 5:19 pm
Forum: Expat Information
Topic: Ordering on e-bay with a Peruvian debit card
Replies: 18
Views: 2149

sigler311 wrote:ya, I dont think you can use a debit card. Why dont you sign up for a PayPal account, you can link it with your bank account and put money in and take money out of it.


I don't think that Paypal is going to link to a bank account in Peru. Anyone try that successfully?
by Mark Smith
Mon May 05, 2008 5:17 pm
Forum: Expat Information
Topic: Almond, coconut, peanut milk?
Replies: 8
Views: 1602

Coconut milk can occasionally be found at Wongs, at least in the one on Ovalo Gutierrez. It's with the oriental food back by the salad bar and take-out food area. I've seen it somewhere else recently, it's getting a little more common in Lima. I think it was at Madre Natura.
by Mark Smith
Sun Apr 27, 2008 9:21 pm
Forum: Expat Information
Topic: Customs Charges
Replies: 23
Views: 4309

By the way, the $100 is for retail value of the new item PLUS shipping costs. so you get to $100 faster than you might think. When I went to pick something up at Serpost the last time, it was a radio that cost $120USD. So, the amount I had to pay customs on was the total of the radio + shipping + i...
by Mark Smith
Sun Apr 27, 2008 9:20 pm
Forum: Expat Information
Topic: Where to buy American food
Replies: 42
Views: 8208

Re: Where to buy American food

Sometimes people get temporary stomach problems on the local diet, and need to "reset" the digestive system with home-style comfort food. I hated McDonald's back in the states - but a Big Mac saved me many times in the past in Peru. CJ, if your GI track occasionally needs saving don't go ...
by Mark Smith
Sun Apr 27, 2008 9:12 pm
Forum: Expat Information
Topic: What are your labour day plans?
Replies: 8
Views: 1460

Currently suffering through the cold, wet weather in Santiago and flying to California for the 1st!
by Mark Smith
Sun Apr 27, 2008 9:09 pm
Forum: Expat Information
Topic: Best websites for dating?
Replies: 31
Views: 7027

Not the answer to the question but why not just pound the pavement. There are avalible women all over Peru, just start up a conversation. Best part is you don't even have to speak the language. As occasionally happens David and I are on the same page!! Lima is a great city for dating and full of wo...
by Mark Smith
Sun Apr 27, 2008 9:05 pm
Forum: Expat Information
Topic: Blood Pressure
Replies: 19
Views: 3488

Re: Blood Pressure

I'd say just about every party I've been to here with a group of Peruanos, someone has said something along those lines of course ignoring the copious amounts of alcohol that they might be drinking as maybe the reason they don't feel bad the next day (as an example). We really hang out with differe...
by Mark Smith
Sun Apr 27, 2008 9:00 pm
Forum: Expat Information
Topic: What's in your shower?
Replies: 11
Views: 2056

I have the "demand" heater in gas and LOVE it! Endless hot water and cheap. But the unit is a bit pricey......

Go to advanced search

Login  •  Register