WHAT CAN YOU DO TO IMPROVE YOUR FINANCIAL SITUATION
In Europe, in America and worldwide, banks are essential, because if there were no banks your national or international business would be impossible. As a matter of fact banks save your money and make your payment cashless.
But you can do something not to be slave of the excessive power of banks. Worldwide banks, of course, safeguard their interests. And also you can do something to protect you against the dangers arising from a possible crisis of your bank.
First of all let’s speak about Ball-in. What is it? It is a measure taken from the European central Bank.
In the event of a crisis, the Bank makes bank creditors and shareholders contribute to solve financial crisis of a bank.
Ball-in forces shareholders and creditors to be aware of how their bank is managed and therefore to take specific decision about it.
This measure is the first step to restore a bank system in the hand of nepotism and to think more of personal advantages rather than public advantages.
WHAT CAN YOU PERSONALLY DO TO IMPROVE YOUR FINANCIAL SITUATION
A great deal remains to be done in order to improve your financial situation and begin to be personally responsible of your financial status.
First of all you have to investigate your bank. It means to examine new proposal, including the possibility to look at banks beyond national borders and also to diversify your bank deposits with safe assets as, for example, gold.
But you also need to bear in mind another fact. You need not only to diversify your money in national banks, but in international banks too. It is important that you have your assets in countries where different rules apply and that’s because with Ball-in measure the changes are caused by policy.
Governments always find an excuse (from terrorism to money laundering) to impose on you capital control.
If you have a part of your assets across borders, governments can achieve a more difficult asset freeze or confiscation of property.
HOW TO HAVE A SURE BANK ACCOUNT ABROAD
When you are going to open a bank account outside your country, do not forget these important points:
- If jurisdiction allows foreigners to open bank accounts
- Taxation of interest
- Deposit insurance
- Health of the bank
- Economical and political stability of the jurisdiction
- The level of bank service
- Foreign exchange risk
Of course, you have also to bear in mind that to open a bank account in another European or non European country is legal. On the contrary, what is not legal is to omit to declare in your own tax return that you have capital and income earned abroad.
The tax return is simple, but it is better that you consult your own accountant to be sure to present a correct tax return.
At this point, do not forget that in countries outside the European Union you can get interests higher than 10% on your bank account.
So, what are you waiting for?
PARAGUAY: A COUNTRY THAT SAFEGUARDS YOUR ASSETS
Why should you obtain residence in Paraguay? Because Paraguay is a young and dynamic country of South America, that safeguard your asset and offer you a chance to live in a better way.
In Paraguay you pay significantly less in taxes than you pay in Europe or North America and in this way you will have more money to invest in your business or activity.
In Paraguay there is a low cost of living too and so you may have an higher living standard than you had in Europe or North America.
Remember that Paraguay has a territorial taxation, a personal income tax of 10%, but also a VAT of 10%.
Living in Paraguay you save about the 60% of your resource and this amount is very much.
You will have much more time to spend with your family and your friends and your life will be quieter and easier.
Taking up residence in Paraguay is simple: you have to follow all the procedures correctly and that’s it!
In addition, Paraguay has many employment opportunities for foreigners and your foreign academic degree is accepted without validation on the ground. So you may carry out your professional activity successfully.
PARAGUAY: A LOVELY COUNTRY YOU WILL SOON LEARN TO LOVE
Living in Paraguay is very pleasant. Paraguay is a country of exceptional natural beauties and you will soon realize it. Lakes, rivers, hill, forests, every step in this magic country shows a very special atmosphere. Here you will find some wetlands and also the Gran Chaco, a wild region with savannas and stretches of bush. Wonderful landscapes, if you love the country, but also the possibility to live in a town or in a city, if you cannot give up on the warm, lively and pleasingly chaotic city life.
Now let’s know one of the most beautiful and famous city of Paraguay.
ENCARNACIÓN: AN UNFORGETTABLE CITY
Encarnación is one of the most beautiful and famous cites of Paraguay. It lies on the right bank of the Paraná river and it is the third economical city of the country. Encarnación is connected to the Argentine city of Posadas by a bridge.
This Paraguayan city is famous for its Carneval in February or March. It is really a big feast and until a few years ago it was the only Carnival in Paraguay. In Encarnación there is even a Carnival office, where you can receive all information about Carnival.
In centre of Encarnación you may visit the Cathedral of Encarnation, a precious catholic cathedral, and admire its paintings and statues.
Near Encarnación you may also visit the Jesuitical ruins, a very interesting place with beautiful gardens and an historical museum. The ruins lie on a hill and from there you may enjoy an amazing view.
You may also go to Costanera, a pleasant zone on the river bank in the centre of Encarnación.
Here there are plenty of bars, restaurants, and a nice beach. It is a great place to relax, to walk with family or friends and enjoy this beautiful town of Paraguay.
