Not only can you finance your getaway home by renting it out when you are not there, you can provide services while there yourself.
I know of expats in several international locations that provide yoga (week-long retreats that coincide with the couples own stay at their house), plumbing, nurseries, weddings. The services can cater to fellow expats, tourists or locals.
Panama and Belize are International Living's top picks for entrepeneurial expats.
One business idea is to provide offshore company formation services. This may be viable in a location with heavy tourism attracting small business owners or those with assets to protect or tax liabilities that can be reduced. As a business, renewals act as annuities for the formation company, and the average life of an offshore company is 5 years. Little capital is required for starting a formation agency, although revenue must be shared with the offshore jurisdiction.
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