Panama is making an exit from the offshore banking business. No longer can you open a bank account in Panama and operate it from abroad. Banks now require a physical presence, tax filings, a business license,
If you’re living in Panama, making multiple visits to the country in a year, or are spending more than 90 days in Panama over a 12 month period, you must get a visa. The government is
The top two international asset protection structures are the offshore trust and the Panama foundation. These tools are very different from one another and I don’t think of them as competing solutions. Even so, I’m asked
Here’s how to get residency in Panama using your IRA or other US retirement account. If you want to get residency in Panama through investment, you can use your retirement account in one and only one
I’m asked just about every day to compare Panama residency with a second passport program from somewhere in the world. The caller usually has $200,000 to $500,000 to spend or invest and wants to know whether
If you want to plant a major flag offshore, think about residency in Panama. For those who qualify, the best residency in Panama is the Friendly Nations Visa . Of the 8 or 9 visa programs
If you are a US or EU citizen, it’s very easy to get residency in Panama. I write about this all the time while singing the praises of Panama’s various visa programs. For example, the Friendly
Bearer share companies have gone the way of the dodo. Here’s the offshore company hack to create a bearer share company like structure to maximize privacy and protection. First, a word on bearer share companies. Back
The international money lending license came into its own in 2010 when the US began pushing out payday and other lenders of last resort. A number of offshore jurisdictions welcomed them with open arms and the
If you’re an American living, working, or investing in Panama, the Panama tax system is your friend. The Panama tax code may allow you to live tax free in Panama and, possibly, in the United States.
Panama 2015 looks to be a great investment with continued growth of 7%. While the tiny economy will face a number of challenges, chief among them is competition to its canal, expect solid returns to continue.
The Panama Foundation has been approved as the “owner” of a U.S. retirement account in Panama. This means that, those who want to invest in Panama, have access to banks or brokerage services in Panama, or
We have been working for months with lawyers, banks, and government agencies in Panama and are finally ready to announce some great news for those seeking asset protection. You may now move your IRA or other
Just about every week someone calls asking about using a Panama Foundation as a charity. This is known in tax circles as the Panama Foundation scam and the internet is filled with it. Avoid the Panama
The Panama Foundation provides the best asset protection and estate planning available… hands down, no questions asked. Here’s why the Panama Foundation is the ticket for those wanting to move assets out of the United States
Panama vs. Singapore by By Christian Reeves and Lief Simon (www.offshorelivingletter.com) “Panama is the next Singapore,” declared a friend over lunch the other day. He wasn’t the first I’ve heard make the prediction. Since finding its legs