Panama Friendly Nations Visa through Work Permit and Company Formation

[@TheWanderingInvestor]

More information on this program and get in touch with Giovanna and Wi Men: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-panama/

[@kwannp6141]

This is brillant!!!! Thank you for presenting this option!

[@uhvman]

Sound is useless. Redo video with proper mic.

[@TheWanderingInvestor]

Yes. I messed up the sound. Found out too late.

[@Dylan-l1d9m]

Thank you for the information. I have heard that there is a 10% limit on foreign workers for a Panamanian corporation, so if you are the sole employee of the corporation you obviously exceed this (being 100% of the workers in the company). Is this true, and if so, how have you navigated this criteria? Any insight into this point would be greatly appreciated.

[@jgm3620]

Great information thank you

[@Kanadaauswandern]

are you canadian or american ? great video thanks !

[@drewforest]

Thank you for this helpful video. I have 3 questions: 1- Is there any requirement to hire employees? 2- If you do this and your profits come from abroad, are you exempt from taxes? 3- Can you just be self-employed under your own name or do you need a create a legal entity with a corporate suffix such as "inc."?

[@TheWanderingInvestor]

1. At least yourself 2. 0% corporate income tax but 5% dividend tax 3. A legal entity Giovanna and Wi Men can help you set it up thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-panama/

[@drewforest]

Thank you! ​@@TheWanderingInvestor Do you know if there's a minimum amount of activity or revenue?

[@TheWanderingInvestor]

@@drewforest as it stands enough to cover your salary

[@drewforest]

Thanks!

[@drewforest]

Sorry. One other question. To your knowledge, how closely are invoices and sources of funds scrutinized by the Panamanian gov't as part of this process? I ask because I'm a consultant in Canada and will probably be doing this process soon, but I'd rather not have clients send funds to a Panamanian account. I'd rather they send funds to my Canadian account (as they currently do), and I subsequently wire the required funds to Panama on a monthly basis from my Canadian account directly. Any idea whether this is permitted or if it could pose any issues?

[@KeepingItRealBro]

Costs less inital capital, but comes with loads of hassle and running costs for the corp. I'd rather take the punt and buy some property, even though the market's quite challenging there, but it'd be fun and potentially a roof over one's head. Easiest option is the term deposit and be done with it at basically zero risk. Depends on financial situation and lifestyle. Most sensible choice is the term deposit option, making it a fixed income portion of a portfolio. Good enough.

[@Damien-kx4hc]

Different strokes...

[@RFXZ67966]

Do you need to pay yourself a salary/ make social security contributions/ file accounts with an accountant? And is it easy to close the company once you have PR?

[@TheWanderingInvestor]

Yes and yes 👍. Contact Giovanna and Wi Men. They can send you their brochure

[@buyfixrentrepeat1270]

Wow you are everywhere all the time

[@TheWanderingInvestor]

I get around 😅

[@Frank-xp3xd]

Welcome to Panama ✌

[@carexpert_de]

So my question is, how much money did you approximately invest to obtain the Panama residency in total?

[@TheWanderingInvestor]

Contact Giovanna. She’ll give you a quote

[@jacquesjourney]

Are there specific Corporations that a person needs to start? Who helps with choosing the Corporation?

[@TheWanderingInvestor]

A normal one. Wi Men and Giovanna can help with this.

[@jacquesjourney]

@TheWanderingInvestor I sent an email. I never started a Corporation before, so I was just curious. Would I be able to get residency for my husband and son with this?

[@TheWanderingInvestor]

@@jacquesjourney Yes

[@jacquesjourney]

@@TheWanderingInvestor thank you

[@donalwhelan2864]

What are the benefits? A plan B or can you be a tax resident?

[@TheWanderingInvestor]

1. Plan B 2. Tax residency if you spend over half the year 3. In some cases depending on where you’re from, plain Panama residency can be enough to detach yourself from your current tax base, if you become a nomad and cut links back home. Not tax advice.

[@ywueeee]

What about that travel passport?

[@TheWanderingInvestor]

I’m not getting it. It’s a good option for people with poor travel documents (Russians, Chinese, etc)

[@AllLoveHumans]

Will it work for India ?

[@TheWanderingInvestor]

No

[@jimsokolowski6103]

I read on a forum earlier today that this approach was shut down in Aug 2023. Is this true?

[@TheWanderingInvestor]

Fake news. The team checked with immigration. All good for now. But if you want to do it, do it sooner rather than later as changes are indeed possible.

[@jimsokolowski6103]

Thank you

[@Flat_Earth_Sophia]

I don't get why people would invest INSANE amounts of money into a poor, expensive, dangerous 3rd world country for residency, while those citizens can come to our countries and live good lives and given free everything?

[@JamesSmith-qv9qo]

🤡

[@Flat_Earth_Sophia]

@@JamesSmith-qv9qo Your comment is blank.

[@Flat_Earth_Sophia]

@@IvoDinizMusic Maybe. But then you are only making like 20 a month! lol

[@Flat_Earth_Sophia]

@@IvoDinizMusic 6% growth does not matter when you are 99% poorer than everyone else! The US has the most banks. But who cares if there is no money to put in it? Why would you need more than one bank? Besides, foreigners likely cannot open a bank account anyways.

[@prakashd4830]

After 6moths resident visa, next card how long it will be 1yrs or 3yrs