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If you are developing an online business or technology services, traveling the world, you are a "digital nomad". Considering that Panama has a high Internet connectivity with an ideal geographic location, a banking center, with comfortable business offices for digital jobs, many digital nomads are considering moving to the country to structure their international trades and online business from Panama.
A very interesting interview about PANAMA, from the well-known German Entrepreneur, Mr. Christoph Heuerman “The Perpetual Traveler”, a long-term customer of PGS Attorneys in Panama City, Panama.
Our experience for more than 10 years with digital investors of different nationalities, has shown us that part of the success of the digital business, depends on the way you formulate a correct legal structure for your income and clients worldwide. The correct structure for an international digital business depends on several elements to be considered, such as: a territorial fiscal status, immigration residency, bank accounts, international corporate entities, among others.
Based on the several “Double Tax Treaties” with more the 40 countries worldwide, being a Panamanian Permanent Resident, you as a Digital Nomad can request to our local tax authorities your Panama Tax Residency Status based on the “strongest ties rule”, having the benefits of the Panama tax system,. The Tax Residency in Panama is regulated by article 762-N of our Tax Code, and regulated by the Decree 958 of 2013, along with additional by-laws.
TAX RESIDENCY FOR LEGAL PERSONS: Tax residence in Panama for legal persons (in addition to other minor requirements) applies when:
TAX RESIDENCY FOR NATURAL PERSONS: The tax residency of natural persons is understood (in addition to other minor requirements), when:
PGS Attorneys
A Panama Immigration Law Firm
SL55 Tower, 17th floor, Samuel Lewis Avenue, Panama City
+507-391-8878