Recent content by darkmode

Correct.

If you have a U.S. SMLLC, it's a pass through entity for tax purposes. If the U.S. SMLLC has entirely foreign-sourced income and distributes all of the funds to you, a Panamanian resident, there's no taxes. I don't have a Panamanian corporation but regardless, tax resident != taxes owed. You...

U.S. and U.K. SMLLC is one of the most common structures used. You don't have to pay any tax on the funds transferred to a Panamanian bank account. You're confusing this with Thailand's new tax laws, which does tax remittances to your local bank account. In the case of Panama, funds...

You're wrong. :D This is my reading of the above: - 1st part: If as a Panamanian resident, you don't have Panama-sourced income, there's no taxes - 2nd part: If you are KPMG or some international corporation with work being done inside Panama, remittances back to the international...

There are no tax filing requirements if 100% of your income is foreign-sourced. Even if you are actively managing said corporation that generates the foreign-sourced income from within Panama. It's in Article 694, Titulo 1, Código Fiscal de la República de Panamá There's public health but...

I'm of the opinion that public beaches anywhere have a higher likelihood of crime than the city. When you're in the water and in your trunks, good luck catching up to anyone that's running off with your things. I've gone through the city multiple times and never been robbed, so not sure what...

You said the whole city before. As I said, it's relatively safe. I go to random beaches in Colon all the time and never had any issues. You get to the beaches by going through the city. It's much more dangerous pissing off an Emirati. Just ask King Rashid's daughter :p

Yes, of course. ;) I will update in a year.

Not true. This is what I first heard too and it kept me out of Colon for 2 years. The best beaches are in Colon (Caribbean Sea). I go there all the time, and have locals take us to the most pristine untouched beaches in their dingy boats. Never had a problem. This is also Colon: Playa...

I wanted a big city with no taxes and close proximity to the Americas (time zone and family). Caribbean was too small/expensive and U.A.E. is a shitty place for the reasons I mentioned in my initial post.

Everything is possible in Panama with the right connections. From what I can see, there's about 25 naturalizations per month in Panama: - https://www.gacetaoficial.gob.pa/pdfTemp/29745_A/GacetaNo_29745a_20230322.pdf -...

Well there's lots of women (but they're mostly pay to play).

I am living out of Panama and love it. I have lived in U.A.E. previously and hated it. The food is great but sucked with censorship (websites blocked, can't make WhatsApp calls etc.), fear of offending the wrong person and getting kicked out (or worse), totally materialistic society, high cost...

There's lots of misconceptions about Panama. I've been living out of Panama for ~4 years and happy to answer any questions. There's misconceptions about the city not being safe. This is total bulls**t. Panama is safe. I drive a supercar and wear a $10K watch at all times. I am an obvious...