DLS Dubai - Company Formation & Bank Account
Turner Little - Company Formation Agents
UK Ltd with emi bank account
Offshore Bank Accounts
Open a Multi-Currency Account in HK - Statrys

Tax residence in Panama but living in a different country

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

wdf123

New member
Hi.

So, I've been thinking about moving my tax residence over to Panama but, on a personal level, I'd like to physically live somewhere else. I'm aware that most of the countries would only allow me to stay for ~6 months if I'm not a tax residence, but I thought of asking: do you know some exceptions to the rule? I mean, places where I could be non-tax resident but still allowed to stay longer than ~6 months?
 

Golden Fleece

Active Member
Hi.

So, I've been thinking about moving my tax residence over to Panama but, on a personal level, I'd like to physically live somewhere else. I'm aware that most of the countries would only allow me to stay for ~6 months if I'm not a tax residence, but I thought of asking: do you know some exceptions to the rule? I mean, places where I could be non-tax resident but still allowed to stay longer than ~6 months?
Someone posted a thread recently with a list of all the zero tax nations.

BTW: Be sure to seek advice from a Panamanian lawyer. There is a great deal of misinformation on the web about Panamanian tax residency. Many sites claim that permanent residency automatically creates tax residency status. Other sites say the following:

Tax Residency and Tax Certificate

Becoming a permanent resident will not automatically make you a tax resident in Panama. The terms of becoming a tax resident are stated in article 762-N of the Tax Code, executive decree 958 of 2016, issued by Dirección General de Ingresos.

In order to be considered a tax resident, you need to meet either one of the following criteria:
  • be present in Panama for more than 183 calendar days in a tax year or the year immediately preceding.
  • show proof that you have established your permanent home in Panama

I do not know what is true, but be sure you seek accurate information from a professional.
 
Last edited:
Offshore Bank Accounts

Latest Threads

Offshore Bank Accounts
DLS Dubai Company Formation and banking solution
Top