Economy, Business and Investment

Demand for Residency Permits in Central America

Spending longer time in Central America will at one point require a residency permit as tourist visas call for to be renewed after 90 days. The following points summarize the most important causes to obtain residency in Central America:

1) Retirement - Relocating to an exotic nation in Central America is a dream followed by various retiring baby boomers from the US and Europe.

two) Beginning a new company - Central America is dwelling of several creating countries and gives countless exciting company opportunities for entrepreneurs. Function permits as workers are hardly offered and in most cases are reserved for high-skilled workers from multinational suppliers. Therefore in practice an investor visa or a pension income is needed to start out legal activities

3) Tax optimization - nations in Latin America tax revenue largely on domestic sources only, therefore income earned from sources outside the country remain tax zero cost

four) Acquire a second passport - the residency permit is a first step to get a second passport

In the US alone, 76 million kids were born in between 1945 - 1964. This large population group is called the Baby Boomers. Nowadays they manage more than 80% of all individual economic assets (Source: Wikipedia). This generation of infant boomers is reaching retirement age and countless of them will evaluate international living selections such as relocating to Central America due to lower expenses of living and the warm tropical climate.

In Latin America itself, some nations await economic and political difficulties. Thus various citizens of such countries try to secure a safe location abroad for their households to prepare for any eventual emergencies. Specifically citizens of Venezuela have recently been seen seeking to obtain residency permits in Panama when historically a large number of Colombians brought considerable economic assets to Panama. Due to political stability and a history of getting a safe haven, Costa Rica and Panama qualify pretty well as a place to relocate in case the scenario at household becomes too complicated.

Teak and Tropical Tree Plantations

Tropical tree species such as teak are restricted to grow in climate zones near the equator. Therefore only a couple of select nations in the globe can supply teak wood demanded by the world market. Some nations are complicated to do home business with becoming a foreigner but nations such as Costa Rica or Panama offer you an investor friendly atmosphere and succeeded in attracting considerable foreign direct investment. Tropical timber plantations in teak and other tropical trees are supported by their governments via tax incentives and require lower minimal investments to obtain a legal residency permit as little investor.