Setting Up an Offshore Panama E-Commerce Business
The Republic of Panama has often been referred to as the “Grandmother of All Tax Havens.” Panama, in contrast to modern offshore areas, has a territorial tax system remains true to its roots in the fiscal code of 1916. The long-established concept of ‘tax territoriality’ means that only operations carried out within Panama are taxable. [...]
Panama Foundations for Estate Planning and Offshore Asset Protection
Comments OffPrivate Interest Foundations in Panama are an ideal tool for succession planning and asset protection. They can either be inter vivos (active during your lifetime) or testamentary (activated upon death). The Foundation may, for example, serve as a substitute for a will, thereby legally avoiding probate. In this respect it is similar to a ‘living [...]
Types of Visas in Panama
The Tourist Pensioner Visa (Turista Pensionado) This visa is designed for persons whose pension from a government entity or private corporation is $500 or more ($600 or more for a couple per month). You will have to prove this under scrutiny. Usually a pension statement from the government or private pension will suffice but backup [...]
Safety tips for the adventure tourist visiting Panama
Panama is an exciting place to look for wildlife and the opportunities for discovery are endless. Animals can be seen in even the most developed areas of Panama, including in city parks. However, it is not unsuspected that some of the best places to see wildlife, especially the rarer of species, are in remote places [...]
How to Start a Business in Panama
Comments OffHundreds of foreigners residing here are starting up new businesses in Panama every year. Panama offers many opportunities for business entrepreneurs. You can start a bar, restaurant, retail shop, hotel, bed & breakfast, provide tour-guides or professional services. Maybe you are thinking about opening a new business full time? Or, you are retired and thinking [...]
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