Panama Visa Update for Vessels

[belizesailor]

Originally Posted by BandB

There are very few countries that won't grant you some form of long term visa or residency with a sizable investment as long as you're not going to be working. The US does the same.

Most don't have that ability or flexibility so may look for other ways. For those the long term visa in Panama makes a lot of sense.

That's true, but its not "automatic" as implied by an earlier post. Still a lot of time and paper chasing to do.

[belizesailor]

Originally Posted by chubby

for most here, the friendly nations route would be a good option for residency in panama....at this moment.
..and you would need an attorney in panama.

I'm considering that option, very favorable program. Apparently a bit too favorable in the opinion of some politicians, so might be best to take advantage of it soon before they try to repeal it.

[colemj]

Originally Posted by belizesailor

Yep, and taxes are slightly more complicated with the new FATCA regulations.

I don't know what that acronym stands for, but it seems like they really missed a chance to end it with another word starting with the letter T.

Mark

[belizesailor]

Originally Posted by colemj

I don't know what that acronym stands for, but it seems like they really missed a chance to end it with another word starting with the letter T.

Mark

The press caught the oversight and added the "T".

http://taxjustice.blogspot.com/2010/...e-towards.html

http://americansabroad.org/issues/fa...d-be-repealed/