Benefits in Panama

The government of Panama has great benefits for the foreign investor. One of the benefits to foreign investors is there is no property tax for twenty years on new construction of homes or condos.

In Panama, there are no withholding taxes on savings bank accounts, securities investment earnings or stock exchange capital gains. Profits received in Panama from money invested outside of Panama, or foreign-earned income is tax-free.

In Panama, it is perfectly acceptable to transfer properties and funds to Panamanian corporations. These corporations can be placed under the umbrella of a private foundation, which is a tailor made, asset protection, living will with legal personality.

Panama is a low tax jurisdiction, where the use of asset protection, tax planning and wealth and estate planning is a very common agenda for professional attorneys, accountants, private banks and investment advisers.

Some of the best retirements benefits in the world. Proof of retirement income of $500 a month, with $100 more for each dependent, will allow you to apply for residency.