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You can get a Panamanian residence permit by putting $200,000 into a fixed term deposit. A dollar in a US bank is a dollar in a Panamanian bank, except one of them comes with somewhere else to go. I call these back pocket residences: you set it up, you visit occasionally, and the money sits on your balance sheet either way. The fees are what you pay for the optionality.
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Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
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