Europeans, North Americans and many people from countries around the globe are getting the trend to seek a retirement of alternative home abroad seems to be growing. Panama is becoming popular with these new-style immigrants. English is spoken widely enough so chances are you can converse with at least some of your new neighbors.

A retirement visa for Panama brings with it the privilege of importing personal and house belonings with you tax-free and a new car ( for private use) every two years, plus you pay no property taxes on your residence.

Panama´s greatest advantages is the fact that the American dollar is in practice the currency of the country. Officially Panama´s currency is the Balboa which exists in coinage form only, identical in size to U.S. coinage. Panama doesn´t print Balboa bills. The American paper currency is circulating and as a financial center with aproximately 70 banks operating. The growth of the banking sector has made the financial capital of Latin America – a safe international haven for money attracted by tax exemptions and the absence of exchange restrictions or controls. The regulating agency is the Superintendencia de Bancos, which studiously applies the laws to all financial institutions.

As an open market economy, Panama has become a head office or regional H.Q. choice for multinationals covering Latin America and the Caribeean. Panama´s international ship registry with the largest fleet in the world, also adds boom and brass to Panama´s commercial opportunities.

A PANAMANIAN CORPORATION
It is relatively easy to establish a corporation in Panama. Part of Panama´s success as a haven for private business can be attributed to the country´s attractive corporate legislation, modeled on that of the State of Delaware. Transfers of funds for any purposes in and out of the country from abroad are completely free of tax. Panama is a tax haven because of its income tax structure, founded on the concept of taxing income only if it is earned within the national territory.

Those who wish to form a Panamanian corporation can benefit from the vast pool of experience and the international reputation of Jeufi Internacional, S.A. and it´s lawyers and accountants.

Jeufi´s finance and corporate profesionals will colaborate to represent you and your company on offshore and residency services. Corporate Administration, Invoices, banking consulting, accounting services and a total corporate structure is available. If a new home or properties are needed, Jeufi Realtor´s profesionals will counsel with the best locations in Panama.

More info: Offshore Panama Advisors or write to jeufint@cwpanama.net