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Article #174: Live on Yacht Tax Free

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This is a new concept but one that is Investor Visa (Inversionista)
gaining in popularity. This is for the Designed for those who wish to establish
nautically inclined only with boating a business in Panama (note, though, that
skills that are developed. Basically you some retail businesses and some
live your present country and become a professions are reserved to Panamanians).
citizen of the world traveling There must be a minimum investment of
perpetually on your yacht. While all this $150,000 and minimum of three, permanent
sounds great you still need to have Panamanian employees hired. It is granted
papers and documents of registration and provisionally for one year and after
passports to avoid constant hassles with renewal is granted permanently with the
authorities wherever you go. So what can right to be issued a cedula identity
be done is as follows: card. Five years after obtaining the
You form an anonymous Panama SA company permanent visa, holders will be eligible
(bearer shares). This company then buys a to apply for Panamanian nationality.
yacht for at least $150,000. Now you need Small Business Investor Visa
to hire three Panamanians for at least (Inversionista de Pequeña Empresa)
$253.00 a month each. So you have Designed for those who wish to establish
deckhands, crew, cook etc. This would let a small business in Panama (note that
you get residency in Panama quickly and retail businesses and some professions
after three years you could apply for are reserved to Panamanians). There must
citizenship and get a Panama passport. be a minimum investment of $40,000 and
You could also do a version of this using minimum of three permanent Panamanian
the small investor visa to do it with a employees hired. It is granted
$40,000 investment and three employees on provisionally for one year, and needs to
your fishing or touring boat. You can get be renewed three more times before it is
a Panama cell phone, mail box, bank granted permanently with the right to a
account, visa debit card, atm card and cedula. Five years after obtaining the
you can travel the world. For most this permanent visa, holders will be eligible
isn't feasible but it is fun to dream to obtain Panamanian nationality.
anyway.






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