Retire to Panama With One Big Box

One of the most frequent concerns expressed by new retirees moving to Panama is how they will get their possessions from their old home to their new one in Panama. There are several answers, but the most commonly used method is to put everything into one big box.

You have probably seen pictures of massive container ships with stacks of metal boxes perched precariously on deck. Well, this is how the world moves. The boxes you see on deck are called cargo containers. They are about 40 feet long and they hold a lot of stuff.

When it is time for you to move, a shipping company will drop one a cargo container right in your drive way. Just drive your car right on in then pack everything else around it. When you done, call your shipper to let them know that your box is ready for pick up. A few weeks later, the your container will be sitting in your driveway in Panama.

There’s more good news. Unlike many nations in the region, when you move to Panama your personal possessions can be imported free from taxes or tariffs. Some exceptions apply, just ask your Panamanian attorney. You will pay a small tax to import your car. These dollars help Panama to improve its infrastructure, including roads.

The idea of an offshore move to Panama can be daunting and a little bit scary, but it is important to note that millions of others have made this journey. They will tell you that the effort involved was less than imagined, and well worth it in the end.

If you are thinking about retiring in Panama or just visiting to develop an asset protection, business, banking, investment strategy, make sure to begin by building a strong relationship with a local attorney. There are many third party sources able to help you select the best one for your needs. These groups provide unbiased reviews of providers in Panama’s professional community speeding you to a successful pairing.

For more information on retirement, banking, estate management, taxation, employment, forming a Panamanian foundation or corporation, real estate, trade policy, corporations, tax benefits, local economics, vessel registration, obtaining legal counsel, or any other topic related to doing business in Panama… click here