Drastic changes in the permanent residence in Panama policy
As a small economy, that is a very big burden to carry, because that makes much harder to get the same sort of value that other countries get. The South Africans are looking for a residence in a Tax Haven, like Panama, because they fear that the economical instability of their country will end up damaging their interests. Why is residence in Panama advantageous? Because there is no obligation of a physical residence in Panama, you lose it (your residence) only if you don’t re-enter the country within a period of 2 years. Therefore, you can have your fiscal residence in Panama and live where it’s better for you. Panama doesn’t tax earnings obtained abroad, so you will obtain complete tax exemption with this residence.
