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Why I Chose Panama
Posted: August 30th, 2014, 9:20 am
by Taco
What I plan to do when the s**t hits the fan (SHTF) in the good ol’ US of A.
Why I Chose Panama
http://www.nestmann.com/why-i-chose-pan ... AH2qWd0yM8
Posted: August 30th, 2014, 11:36 am
by zboy1
Good stuff! Panama is a popular expat and retirement destination in Latin America. I hope someone does a trip report on that country, one day.
Posted: August 30th, 2014, 12:26 pm
by Jester
Good article. Thanks for posting. I really respect Mark Nestmann.
But as he admits, Mexico is another solution.
And starting a company in Mexico costs a lot less than $5,000. PM me if you want one. Easy-peasy.
Panama is probably the better choice if you already have substantial offshore passive investments, like stocks, bonds and real estate.
If you're not rich YET, Mexico is just as good a place for GETTING rich (tax-wise), and has all the same advantages as Panama, the same DIS-advantages as Panama, a MUCH better climate, and is closer to the US, and cheaper to get started in (as far as company-formation and residency).
Posted: August 31st, 2014, 5:09 pm
by Taco
It might seem like a logical decision to move to Panama or any other country. However, if you don't have any friends there or you don't like the people your going to have a rough time. If you move to a third world country you really need a girlfriend or wife to help you with day to day problems.
Re:
Posted: October 17th, 2014, 10:55 am
by zacb
zboy1 wrote:Good stuff! Panama is a popular expat and retirement destination in Latin America. I hope someone does a trip report on that country, one day.
Ask and you shall receive. I am going to Panama in February on spring break and will report back. A co worker said that she liked Panama when she went there. Any details you want me to cover?