Residency Permits for Friendly Nations and Retirees in Panama
Panama has developed various immigration categories that facilitate the establishment of foreigners, making it a popular destination for those seeking permanent residency. Among the most prominent options are residency permits for retirees and for citizens of friendly nations, two categories that allow individuals from different countries to settle in Panama easily and quickly. Residency Permit […]
Private Interest Foundation and its Role in Asset Protection and Planning
What is Asset Protection? Asset protection involves taking proactive legal measures to deter or prevent direct legal action, encumbrance, or lien on your wealth. In other words, it means shielding your wealth to make it difficult and, in some cases, impossible for your assets to be seized, awarded, or managed against your will. Why do […]
Complete Guide to the Retiree or Pensioner Visa in Panama
Panama has become a popular destination for foreign retirees seeking a peaceful place with a warm climate and a stable economy. In this article, we will show you how to obtain the Retiree or Pensioner Visa in Panama and why investing in this beautiful country is a great choice. Benefits of the Retiree or Pensioner […]
Permanent Residence Permit as a Qualified Investor
The National Immigration Service created the subcategory of Qualified Investor, to which any foreigner can apply demonstrating a minimum investment in Panama, from foreign sources, either personally or through a legal entity if the applicant is the ultimate beneficiary of the shares of the legal entity holding the investment.
Income statement in Panama 2023
The deadline to submit your personal tax return is March 15 and for companies on March 31, 2023. Any tax resident in Panama who has additional income from salary or representation expenses, as well as companies, are required to submit an income statement, including offshore companies. In case of not presenting them on the indicated […]
Fixed term local deposits vs international
The rates offered by banks in Panama to their clients when contracting a fixed-term deposit have remained unchanged for more than one year and are at historically low levels. This is so, because currently, banks are not increasing the level of loans they grant and, therefore, they do not need to collect money from their […]
¿When is the best time to invest?
After working for years in the financial industry, I have realized that one of the biggest challenges in closing the growing gap between social classes is financial education, or more specifically the lack of it. The gap that has been opening up for years is especially large in Latin America, but this does not mean […]
Exploring alternative investments opportunities in changing times
Exploring alternative investments opportunities in changing times If 2020 state as the year of the pandemic, 2021 ended up being the year of recovery, and public markets have delivered exceptional performance over the past two years. Expectations for 2022 are still positive for the economy, but all analysts agree that the pace of economic growth […]
Commercial Banking vs Investment Banking: Keys to managing your wealth.
The crisis caused by the pandemic is showing its first impacts on the financial sector, after the reduction of the sovereign rating for Panama to BBB-, by Fitch Ratings, caused a direct effect on some banks in the market that saw their rate risk. In this context, it is important to remember the differences and […]
Guarantee Trust – Purchase and Sale of Real Estate
At some point we have heard or had the personal experience of buying or selling an asset, such as a real estate, let’s say an apartment or a house. In the common scenario, a meeting with the seller is achieved, the unit in which one shows interest is visited, the terms and conditions are stipulated, […]
