This country is famous for more than the Panama Canal, we're talking about a jurisdiction with top-notch residency possibilities. It only takes a flight to Panama to get to know a beautiful nation that attracts businesspeople, investors, professionals, and workers from all over the world. But why is this? Where hides the charm of living in Panama?

It's not necessary to explain the advantages of free trade. The possibility to choose with whom one wants to do business and under what conditions is practically sacred. When discussing this topic, we can't stop mentioning Panama free trade zones and their significant impact on the economy of the region. Exports, imports, activities, and industries are some of the concepts involved in the subject. 

One of the reasons why we love Panama is its wide variety of residency options available. They are all quite advanced in their field catering to different needs and possibilities. Work visas, visa investment, retiree programs, and special agreements constitute the basis for a variety of residency schemes.

Proof of source of funds is required for every financial move and also for citizenship or residency by investment processes. Why is the source of funds important? For the country register, such documents are vital to ensure the legality of the new business and, for the company owner, they provide assurance that they are entering a reliable jurisdiction. 

International online banking is an attractive solution in a globalized world. For business people who travel regularly an online international transfer can be exactly what they need at a certain point and to access this they need the corresponding structure. When we discuss Panama, CRS and FATCA are present like in most countries in the world. Nonetheless, this is not a disadvantage but quite the opposite. 

Home to the Panama Canal, this is one of the few countries in Latin America with a dollarized economy and a wide range of residency options. If you want to open a business in Panama, you wouldn't be wrong as this country can help you consolidate your place in the region or access new asset protection and management tools. Today we explore two of these: the company and the foundation as ideal vehicles for expat businesses in Panama.

Finding the right Panama apartments can help you access a perfect new place to live or a wonderful residency opportunity. The cost of living in Panama is low when compared to other capitals of the same level, placing this country as a powerful real estate market for international players. Thus, moving to Panama can be the optimal decision when it comes to business and an exciting adventure for your personal fulfillment. 

If a Panama company owner wants to be in full compliance, this article will be of much help. We analyze the essence of the digital invoice that’s mandatory by law in the Republic of Panama. Through this electronic invoice regime, the Panama corporate sector ensures that the country continues to be among the top corporate centers in the region and one of the most solid financial solutions in the world. 

The question of “how to do your taxes” is important if you want to be in full compliance both at a personal and corporate level. “How to file your taxes” is a topic that concerns both individuals and entities. Luckily, we are in contact with best-in-class experts in Panama who have agreed to explain the essence of personal tax in this business-oriented country. 

Taxes are a major concern for anyone, and this is why a solid financial plan must consider how to save on taxes. A popular strategy consists of getting tax residency in a territorial taxation country and establishing one’s largest assets outside of this jurisdiction. Let's analyze how to lower taxable income through tax reduction strategies like this one. Every country has its tax system, the difference lies in how they interpret a person's relation to the country and hence the tax responsibility.