Tips about how to Reside Tax Free on a Private Yacht
This can be a new concept but one that is gaining in popularity. This can be for the nautically inclined only with boating knowledge that are developed. Basically you live your present country and become a citizen of the world traveling perpetually on your yacht. While all this sounds great you even now need to have papers and documents of registration and passports to avoid constant hassles with authorities wherever you go. So what can be done is as follows:
You type an anonymous Panama SA company (bearer shares). This company then buys a yacht for at least $150,000. Now you need to hire three Panamanians for at least $253.00 a month each. So that you have deckhands, crew, cook etc. This would let you get residency in Panama quickly and after three years you could apply for citizenship and get a Panama passport. You could also do a version of this applying the small investor visa to do it with a $40,000 investment and three employees in your fishing or touring boat. You can get a Panama cell phone, mail box, bank account, visa debit card, atm card and you can travel the world. For many this is not feasible but it’s entertaining to dream anyway.
Investor Visa (Inversionista)
Designed for those who want to establish a business in Panama (note, however, that some retail businesses and some professions are reserved to Panamanians). There will need to be a minimum investment of $150,000 and minimum of three, permanent Panamanian employees hired. It is actually granted provisionally for one year and after renewal is granted permanently with the appropriate to be issued a cedula identity card. Five years after obtaining the permanent visa, holders will be eligible to apply for Panamanian nationality.
Small Business Investor Visa
Designed for those who wish to establish a small business in Panama (note that retail businesses and some professions are reserved to Panamanians). There have got to be a minimum investment of $40,000 and minimum of three permanent Panamanian employees hired. It really is granted provisionally for one year, and needs to be renewed three more times before it really is granted permanently with the appropriate to a cedula. Five years after obtaining the permanent visa, holders will be eligible to obtain Panamanian nationality. Luxurious Egyptian Cotton Bath Sheets (Set of 2) Auto Insurance Quotes - What can they Do for You? Smoky Mountain Ladies Leather Jodphur Boots lacoste sonatta et spw syn white mex pink
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