The Location: Panama
The Opportunity: This is where I have lived, invested, and built my fortune for the past two decades.
After 30 years of exploring every corner of the offshore world, I’m still confident calling Panama the world’s top offshore haven…
It uses the U.S. dollar, so investing here means zero foreign currency risk, straightforward financial planning, and no exchange-rate headaches.
The banking sector in Panama has never suffered a crisis.
Its capital city is modern, bustling, and unlike anything in the region. The infrastructure and services are First World level. Panama City has a metro system, Johns Hopkins-affiliated hospitals, and a cost of living that’d make most Americans do a double take.
Panama is also a tax haven.
The country taxes on a territorial basis, meaning every dollar you earn outside the country is completely untouched by the local taxman. Add the IRS's Foreign Earned Income Exclusion for Americans living abroad, and you have a situation where a working expat can legally reduce their U.S. federal tax bill to zero.
For retirees, Panama's famous Pensionado visa is widely considered the best retirement program in the world—with discounts of up to 50% on utility bills, entertainment, airline tickets, hospital fees, and more… simply for proving a pension income of just $1,000 a month.
For investors, Panama offers a dozen residency pathways, including a Qualified Investor program that grants permanent residency in as little as 30 days for a $300,000 real estate investment.
The rental market is thriving due to a growing middle class and a steady flow of foreign executives, thanks to dozens of multinationals headquartered here. And the market is projected to grow at an even greater pace now that the country is successfully expanding its tourism market.
Finally, Panama is one of the most business-friendly jurisdictions in the world. It’s an entrepreneur’s playground, and the reason I’ve started multiple businesses here. You can find English speaking staff—educated at American universities but paid local wages that are a fraction of those in the USA.
Your business here would also benefit from the territorial tax system, while the dollar-based economy and strategic location give it an unparalleled advantage for building or running an international business.
Panama makes more sense right now than ever…
But it’s not for everyone…
And that’s why Panama is just one of the 20 jurisdictions covered in New Frontiers.
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