Comments by "MtnGrl585" (@mtngrl5859) on "Why Not All Passports are Created Equal" video.

@danielcaissie1207 If you are retired all you have to show is either a government pension ( like social security, military, or pension from work). For one person it is $1,000 Us and $250 a month per each dependent. Panama is a territorial based taxation system. So, you can't actively work in a business in Panama if you want to continue to make money independent of your pension. However, if you have an online or virtual business and don't sell directly to anyone in Panama then you can do that. One can own a business in Panama, but you can't directly work in it. Some people own restaurants and then hire locals.
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@danielcaissie1207 You're completely welcome. I have heard also that one can set up an International Business Corp for about 5k, then hire yourself and have this corporation pay you $1,000 month and that can be used to establish that you have a job in Panama. Of course, you then would be liable for income tax in Panama.
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