It’s common to come across content online that claims that Panama corporations are the solution to all your problems.
Maybe they are, but generally not. However, Panama can be very useful for parts of the solution.
This is the case with Panama corporations. They are easy to open, offer decent banking options, some level of privacy, are low tax but rarely 0% tax. In most cases there is a 5% dividend tax on foreign-earned income.
However, bank accounts are slow to open, Panama corporations basically cannot do business with Europe and tend to raise red flags, and payment processing options are extremely limited.
But, a Panama corporation can help you and your family obtain residency in Panama if you stem from one of the Friendly Nations countries.
I discuss this and more with Giovanna and Wi Men. They run a small family office in Panama City and helped me create a corporation, get residency, and open personal and corporate bank accounts. They also deal with my accounting and taxes in Panama. They are a one-stop-shop for many Panama services.
You can find out more about Panama corporations and get in touch with Wi Men and Giovanna.
They can also help you obtain residency in Panama.
If you are considering leaving your country and are looking to restructure your business, feel free to reach out with a brief and we’ll let you know if/how we can help you: info@thewanderinginvestor.com.
To a World of Opportunities,
The Wandering Investor.
Other articles on Panama
- The Pros and Cons of creating a crypto and stock trading Corporation in Panama
- Affordable Tax-Free Caribbean Lifestyle and Real Estate
- The Pros and Cons of investing in the Boquete Real Estate Market in Panama
- How to Obtain the Panama Retirement Visa
- Panama Permanent Residency in ONE trip
- What is the Panama Travel Passport and how to get it?
- The Pros and Cons of living in Panama
- How to buy a gun in Panama – Gun rights in Panama
- Real estate for Friendly Nations Visa in Panama City – case studies
- Full guide to buying and investing in Panama City real estate
- Create a corporation in Panama
Services in Panama
- Remotely opening a bank account in Panama
- How to obtain Residency in Panama
- Real estate lawyer in Panama
- My Realtor in Panama City
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