Re: subject



“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.