There could be many benefits of receiving one. The answer to this question is different for every person. The main factors are family and financial situation, preference in climate and language abilities. It is worth mentioning that today only Panama and Uruguay are the counties with the most friendly immigration law.
For many reasons Panama particularly is the country for international investor. The country is able to offer high level of financial confidentiality and very good taxation climate. Both for individuals and companies only the profits that are made within the country are being taxed. Also Panama can offer one of the best experts in offshore business around the world. And the last but not least, financial security and banking system. Panama has more than 80 international and local banks functioning in this country.
Standard and Poor’s, Moody’s and Fitch all mark Panama with a high ratings and put it in the category with countries with good investment climate. GDP in Panama has been growing since 1989.
During the last decade Panama has positioned itself as an excellent place for retirement. It is ready to offer numerous programs for the retirees and simply people who would like to immigrate from all over the world. All foreign residents are exempt from paying any taxes for the income made outside of Panama.
At the same time Panama offers programs for almost any budgets and different types of investments. There are agricultural, entrepreneurial and other visas. The retirees program “Pensionado” doesn’t offer citizenship, but it allows to live freely in Panama and offers tons of benefits including discounts for food and services, plane tickets and medical expends. The one and only requirement for this program is constant income outside of Panama exceeding $2,000 per month. All other programs for investors make it possible receiving the passport of Panama as a result.
