Fiscal Residency Certificate

It is well know that current economic situation has evolved to the position where the biggest global economies through their government have tighten their tax regulation.

The procurement of a second residency and/or citizenship has been often an exit measure in regards personal tax exposure. 

During the last few years, a wise asset management structure with the use of alternative residency/citizenship status and the procurement of Fiscal Residency Certificate have become a more reliable source of protection against the constant and evolving taxation actions applied by governments.

The Republic of Panama offers a great stability and easy procedures for becoming a permanent resident and/or citizens that may include the option to obtain Fiscal residency.

Highlights

Certification

• The Republic of Panama grants a fiscal residency certificate to foreigners that demonstrate evidence of relationship to Panama by means of residency status, professional development and/or investment source (real estate and/or business)
• The certificate is subject to of validation under any existent treaty between the Republic of Panama and applicant’s country of origin.
• The existence of a tax treaty is not mandatory

Procedure

• Power of attorney to Pardini & Asociados
• Applicant must provide valid documentation of the interested party and beneficiary
• The application for the benefit must clearly state the provisions supporting the right for the benefit.

Validity

• The tax residency certificate usually will have a validity of 12 months as of the date the document was issued.

For more information, please contact us.

Eduardo Achurra

eachurra@padela.com