Re: subject

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Anonymous
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“I wouldn’t invest in Morocco due to the implications of the repatriation tax.”

There is no such issue, if you take the money into the Country legally and deposited in a “Dirham convertible account”. Besides you can get a 70% mortgage. so you only talking about the 30%.

Spain, had a similar system ” pesetas convertible account” All this will change as the economy and financial market converges with EU. The Dirham is already pegged to the €.

Brazil, Cape Verde, Egypt, have their own +/-, I however would not like to travel to Brazil, if issues arise that need my presence, apart from the time/time zone, Ryanair, easyjet are not flying there. As forum users will know well that I do not have confidence in dishing out power attorney’s this not an option that I would recommend to be given to some one in Brazil.