ARTICLES
VLOG – Is Dual Citizenship Allowed in Panama?
Part of the process to apply for Panamanian Citizenship includes signing a sworn declaration renouncing any other citizenship. As a result, clients always raise the question: Is Dual Citizenship allowed in Panama? The answer is…
Important Panama IDs: Residency Card, e-Cedula, and Driver’s License
An increasing number of people choose to visit, work, relocate or spend their retirement years in Panama. After all, Panama has it all as a travel destination – tropical climate, wonderful beaches, welcoming locals, a…
VLOG – Keeping USD $5,000 in a personal bank account to apply for FNV
The Friendly Nations Visa is a popular immigration program among expats. Applicants find that requirements include a personal bank account funded with at least USD $5,000. The purpose of this requirement is to demonstrate financial…
Tips About Moving to Panama
Foreigners who want to move to Panama are warmly welcomed, not only by locals but also by immigration laws with more than a dozen residency options. As a result, foreigners find they can easily become…
VLOG – I own my business in Panama. Can I work on it?
Foreginers are allowed to own a business in Panama (for example, under their name, in an IBC, or a LLC) without having Panamanian Residence or Work Permit. However, if a foreginer wants to work in…
VLOG – Can I obtain a Tax Id in Panama without being a Resident?
We dicussed in another article the advantages of Territorial Taxation, as opposed to Worldwide Taxation, and the fact that Panama is a country that applies Territorial Taxation. Consequently, clients frequently ask whether they need to…
Panama City Neighborhoods
Panama City boasts a broad range of neighborhoods and styles, each with its own energy and advantages. Below, we take you through our seven favorite neighborhoods. Obarrio Obarrio is the heart of Panama´s business district….
VLOG – Do I need Nominee Directors or Officers in my Panama IBC?
Clients who want to open a Panama International Business Corporation (IBC) usually ask whether it’s necessary to use Nominee Directors or Officers in their corporation. Let’s be reminded that Panamanian Law requires a minimum of…
An Overview of Territorial Tax Jurisdictions
The form of taxation that is standard in most of the world is worldwide taxation, in which all income of an individual is taxed in the jurisdiction where they are a resident. Almost 80% of…
Panama will punish tax evasion as a crime
Panama enacted the Law 70 of 2019, where the Tax Evasion is considered a crime by adding said dispositions to Criminal Code and modifying the Tax Code. This new law brings Panama to a new…
