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There are many people around the world who are transferring
their money offshore
to corporations and foundations in Panama; and in turn
becoming eligible as applicants for Panama’s
retirement visa scheme. This is not only providing people
with promising and safe investment options with many benefits,
but also the opportunity to live in an exciting, new environment
with many of the comforts and services of home.
Transferring offshore
People choose to transfer their money to offshore corporations
and foundations because it can provide a multitude of benefits
that are not available in their own country. Some of these
include: confidentiality, privacy, asset
protection, tax minimization, investment diversification,
international trade, and estate planning.
Many developed countries, such as the US, Canada, England
and Australia are undergoing a ‘litigation crisis’
– and this appears to be worsening with time. In fact,
it is said that in the US if you own a business or practice
a profession, then in the next year you have a one in three
chance of being a defendant in a lawsuit. Many people who
practice their businesses and/or their professions carefully
and honestly have still found themselves as defendants in
lawsuits and consequently in many cases have lost all their
assets - and sometimes left in serious debt.
You should take time to consider offshore investment options
to protect yourself, your family and your business and/or
profession. It is better to do act promptly and move your
assets off shore well ahead of time to be fully protected.
It is possible that if you are named as a defendant in a lawsuit
and have not protected your assets then you could stand to
lose all you have earned.
Transferring assets offshore - to Panama
Panama is quickly becoming a very popular location for people
to transfer their assets offshore. There are many reasons
that people are choosing to transfer offshore to Panama. Some
important factors that support its strength as an offshore
choice are:
- Panama is the second largest international banking
centre in the world (after Switzerland)
- Panama has the second largest international distribution
center (free trade zone) in the world after Hong Kong.
- The presence of the Panama Canal, and its geographic
location play a very important role in securing it as a strong
international and national commerce and trading centre.
- Setting up an offshore company in Panama is fast and
affordable
- Confidential information is not required (or registered)
- The US dollar is used in Panama
- Panamanian banks pay higher interest rates than others
- The banking structure is very sophisticated and organized
- Investing can allow eligibility to apply for a retirement/or
other visa in Panama.
For further information about transferring assets offshore
to Panama please click on the following links for investments,
corporations, bank accounts, hedge funds, conventions.
Getting a retirement
visa in Panama
The Panamanian government has created a number of laws which
has now made it possible for foreigners to apply for a visa
in Panama. These visa schemes were introduced to help encourage
foreign investment to benefit the economy and local environment
of Panama.
As mentioned previously, many people choose to invest in Panama
so that they can become eligible for a retirement visa. Retirement
visas in Panama are becoming very popular, especially amongst
people from the US, Canada and Europe. It is relatively easy
to apply for a retirement visa in Panama and the processing
time is quite short. There are four main types of retirement
visa:
- Pensionado Visa
- Private Income Retiree Visa
- Person of Means Visa
- Forestry Investor Visa
Many people are choosing to live and retire in Panama not
only because it is a beautiful country with many attractions
but because of many other reasons, including, the:
- Relatively low cost of living
- Safety
- Political stability
- High quality and cheap health care
- Warm weather
- Well developed infrastructure
- Safe tap water
- Access to broad band internet/cable
- Regular and safe flights to the US and Europe
- Low cost of house and land prices
- US dollar is the currency used.
Being an isthmus exposed to both the Pacific and Caribbean
Oceans, Panama is a diverse and interesting country. It has
a wealth of attractions, from spectacular nature to fascinating
culture. Living in Panama you can have endless opportunities
to relax and enjoy fine white-sandy beaches, tranquil mountains
or idyllic island hide-aways.
Choosing to retire in Panama can provide you with an interesting,
safe and relaxing environment to enjoy the rest of your years.
For further information about retiring in Panama, please click
the retirement visa link.
If you want to start a business for your investment purposes
and or want to move/retire to Panama it is easy with a range
of services available. To learn more about specific services
available, click on the following subject links: mail
forwarding, translations, secretarial, attorney
services, Spanish language, virtual offices, cell phones, utilities/internet, health insurance.
For information on other services relating to Panama, such
as Panama
Real Estate Listings, Panama
tours and travel services, information
and services relating to retiring in Panama, cosmetic
surgery and health related travel to Panama, or just general
information about Panama and a Panama Forum, follow these
links.
We can provide legal services such as forming a Panamanian
Corporation or applying for a Panama retirement visa for around
$800 each through special discounts arrnaged with local attorneys. Contact us for more information.
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