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Why I Chose Panama

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Taco
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Why I Chose Panama

Post by Taco » August 30th, 2014, 5:20 pm

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

zboy1
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Post by zboy1 » August 30th, 2014, 7:36 pm

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.

Jester
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Post by Jester » August 30th, 2014, 8:26 pm

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).
"Well actually, she's not REALLY my daughter. But she does like to call me Daddy... at certain moments..."

Taco
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Post by Taco » September 1st, 2014, 1:09 am

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.

zacb
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Re:

Post by zacb » October 17th, 2014, 6:55 pm

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?
The Daily Agorist, Learn to Live Independent of the System! http://www.theagoristreview.blogspot.com

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