Recent content by Panama

Thanks for your input. We've been lucky enough and got our perm. residency in Panama under the previous rules. Are there any difficulties in the EU doing wire transfers to Panama? I was thinking about US LLC, but it's not the case until I become a non-resident of Canada.

I have a question for Canadians. Just recently I and my spouse received Panamanian residency and we're looking to move out of Canada to Panama. The tricky part is that I own a corporation in Canada (50/50 with my spouse). We have opened the company in Panama. My question is how to move my...

Hey! Thanks for the info. What do you mean about Panamian residency vs tax residency? To be tax resident in Panama you should spend 6 months or more per year? Am I right?

Have you tried Payoneer?

Hey, man. I am in the same boat. Have you found the solution?

Have you resolved the issue? Which bank worked for you? Thanks!

Still working on it. How about you? Which banks have you tried already to contact?

Hi Gedimas, we're looking to open a US bank account for my Panamian LLC. We're an established business, not a startup. Please let me know if you can help. Thanks

Which Panamanian banks would you recommend to deal with?

It depends on various factors, but I am considering move. It’s unsafe to manage offshore company and be Canadian resident at the same time

Hi, I am in the same boat lol Just registered LLC and looking for banking options. Have you found good lawyer in Panama to help you with the process?

I am on the same path, man. Discovering my options, but I am from Canada. Interesting what the lawyer says. Keep us posted. Thanks!

Hey, man. I am an Amazon FBA seller as well. Nice to meet you lol Are you using your UAE company to sell in the USA? How do you receive payments in that case? For your current situation, have you considered EMI (like Transferwise) instead of traditional banks to receive payments from Amazon EU?

Thank you for your reply. My corporation has cash in the bank and some sellable inventory (we sell on Amazon, so all inventory is stored there).

Hello, I am a Canadian resident and have an active corporation in Canada. I am planning to move myself and my business to Panama. The tricky question is HOW to legally move assets (cash) from the Canadian corporation to the new Panama corporation? Which implications may occur? Thanks!