Question 1

Do I only pay taxes in Panama if my company is registered here?

Accepted Answer

It depends on your activities, tax residence, and applicable double-taxation treaties. We evaluate your case to offer the best strategy.

Question 2

Can I remain anonymous as a shareholder or director?

Accepted Answer

Panamanian law allows the use of nominee directors and fiduciary structures, although international transparency and AML standards must be followed.

Question 3

How long does it take to obtain permanent residency?

Accepted Answer

Processing times range from 3 to 6 months, depending on the visa type and documentation readiness.

Question 4

Can foreigners buy property in Panama?

Accepted Answer

Yes, foreigners can buy property almost anywhere in the country (except restricted border zones). Property ownership rights are the same as for citizens.

Question 5

What are the tax benefits of living in Panama?

Accepted Answer

Panama uses a territorial tax system — only income earned inside Panama is taxed. Foreign pensions, dividends, remote work income, and capital gains from abroad are completely tax-free for residents.

Question 6

Can I open a bank account in Panama as a foreigner?

Accepted Answer

Yes. With the right documentation (passport, proof of income, references, and a valid Panamanian residency), foreigners can open personal and corporate bank accounts at major Panamanian banks. Our team guides you through the entire process.

Question 7

What is the Digital Nomad Visa in Panama?

Accepted Answer

Panama's Short Stay Visa for Remote Workers allows digital nomads to live in Panama for up to 9 months while working remotely for foreign companies. Requirements include proof of remote employment or freelance income and health insurance.

Question 8

How much money do I need to retire in Panama?

Accepted Answer

With the Pensionado Visa you need a minimum pension of $1,000/month. Living costs in Panama City range from $1,500–$2,500/month for a comfortable lifestyle, making it one of the most affordable retirement destinations in the Americas.

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