One of my favorite things about writing for Mundo is the ability to grasp the financial and investment residency scenery at a global level. The opportunities out there are many, and getting to know each one of them is exciting, especially from a writer's perspective. What is the best residency for the global entrepreneur? What to choose when looking for a safe haven where to develop one’s projects? Comparing residencies thus becomes a healthy practice, especially if you want to understand the pros and cons of each jurisdiction and which of their aspects will be beneficial for you. 

Every day more and more people decide that moving abroad is the right choice. Immigration is not new; on the contrary, it has been there since the beginning of mankind. In a way, we can say that relocation is a key part of the human essence. From ancient times till not such a distant past, people decided to leave their countries for a better future, i.e., to a place where there would be no war, no persecution, or where they would simply have better opportunities.

Once you get your residency you can live in Panama fully legally and forget about inconvenient trips and tiresome paperwork. Now ahead of you is the best part. It's time to think “what can I do in Panama” and most importantly “where should I live”. Although it's a small country, Panama has lots of charming places that you can call home.

If you want to open a company in Panama, you may not be aware that this is a path to residency. A friendly nations company allows you to get residency without a major investment allowing you to become a legal resident in this beautiful country. All in all, this is the perfect option, except for one major downside which we will disclose in this article. Get to know Panama immigration best-kept secrets and get the second residency that you need before the end of the year. 

No businessperson should underestimate the importance of tax residency, however, this concept may be hard to understand, thus creating a field where misconceptions can grow freely. When it comes to why is tax residency useful there are many aspects to consider, and this includes a deep understanding of the matter. Naturally, the best way to establish tax residency effectively in low-tax jurisdictions is through a certified expert. In this regard, providing oneself with the right advice is not negotiable. 

Although they may have their ups and downs, physical assets are, in general, the strongest. This is why experts recommend real estate as a safe bet if you are thinking of how to plan your next investment. As 2023 goes by we are witnessing the prosperity of innovative features which are also making their way into the real estate sector. 

In the same way that to play basketball, you need to watch Michael Jordan, or to play soccer you need to watch Lionel Messi, if you want to protect your money you have to learn wealth building strategies of the rich. Although it may seem counterintuitive, the secret of wealth doesn't lie in the ability to generate money but in how to protect it and manage it.