(The Panama Gringo) Traditionally speaking, the expat life has long been dominated by the retired crowd. However, things are changing as more and more younger expats show up in Panama. If you are too young to retire, or simply need some extra cash for your living expenses in Panama you will need to get a work permit. Panama Offshore Legal Services provides excellent information … [Read more...]
Panama Holiday Schedule
(The Panama Gringo) If you’re an American living in Panama, there is a good chance you forgot today was Labor Day in the United States. As an expat abroad, I am constantly losing track of these types of celebrations. Normally it doesn’t cause me any problems, but there is the rare occasion that I want to contact a business or handle something work-related on a US holiday. This … [Read more...]
How to bring pets to Panama
(Panama Gringo)Many expat hopefuls will be happy to hear that you can bring your pet to Panama! In fact, compared to other countries the process is actually relatively simple. First off, you need to get the proper certificates and other paperwork. The Panamanian government requires that your cat or dog be vaccinated for rabies at least 30 days before traveling, with the … [Read more...]
The Foreign Earned Income Exclusion (FEIE) Basics
(Live and Invest Overseas) Moving overseas may lighten your tax burden. Here are some basics you should know about the Foreign Earned Income Exclusion. The Foreign Earned Income Exclusion (FEIE) is the expat's first, and sometimes only, line of defense against the IRS. It allows you to eliminate up to US$97,600 in salary from your U.S. taxable income in 2013 and can provide … [Read more...]
Panama’s man-made island developments
(ioL Travel) Panama is following in the footsteps of Dubai's famous Palm Islands with the creation of two offshore developments off the coast of the Punta Pacifica quarter of Panama City. The Ocean Reef Islands will comprise an East and West Island and are scheduled to open at the end of 2014. The development consists of luxury homes and recreational facilities with green … [Read more...]