Panama
09/10/2021
02/27/2023
Panama, a world-famous tax haven, has decided to issue a short-term stay visa for remote workers
Requirements
- Visa application fee is about $ 300
- Prove to be a remote worker
- Monthly income of $ 3000 or $ 4000 for family members
- Initially a 9-month visa, which can be extended for another 9 months, allowing a maximum stay of 18 months
- Take out health insurance
What you need
- Application form
- 3 passport-sized photos
- Copy of passport
- Police certificate
- Health certificate issued by a Panama doctor
- A copy of your medical insurance coverage for the duration of your stay
- Oath not to offer jobs or services in Panama
- Remote worker proof
General comment
It's a very good Panama for offshore corporations, but there are doubts when it comes to actually living.
Security is good in Latin America, and you can speak English as well as Spanish, so Singapore in Latin America is certain and may be easier to live in.
Although it is an important tax system, tax exemption is applied to income from foreign sources, but there is a 183 day rule.
Since the first visa is valid for 9 months, you will have to pay tax in Panama at that point, but residents will have to pay a large income tax because it will be the source of Panama even for remote work.
Therefore, there seems to be little merit.
