Spicing up your Residency Permit in Central America - Investing in Teak and Tropical Timber

Demand for Residency Permits in Central America

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

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

2) Starting a new business - Central America is home of many building nations and provides many thrilling business opportunities for entrepreneurs. Function permits as staff are hardly accessible and in most situations are reserved for high-skilled workers from multinational firms. Thus in practice an investor visa or a pension income is required to start off legal activities

three) Tax optimization - nations in Latin America tax revenue mainly on domestic sources only, thus income earned from sources outside the country stay tax 100 % free

4) Obtain a second passport - the residency permit is a initially step to obtain a second passport

In the US alone, 76 million kids were born in between 1945 - 1964. This massive population group is named the Baby Boomers. At this time they control over 80% of all personal economic assets (Source: Wikipedia). This generation of baby boomers is reaching retirement age and numerous 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 countries await economic and political difficulties. Thus a large number of citizens of such countries try to secure a secure spot abroad for their families to prepare for any eventual emergencies. Specially citizens of Venezuela have not too long ago been noticed seeking to acquire residency permits in Panama though historically many Colombians brought considerable financial assets to Panama. Due to political stability and a history of getting a secure haven, Costa Rica and Panama qualify extremely nicely as a place to relocate in case the scenario at dwelling becomes too challenging.

Teak and Tropical Tree Plantations

Tropical tree species such as teak are restricted to grow in climate zones near the equator. Hence only a couple of choose countries in the globe can supply teak wood demanded by the world industry. Some nations are tough to do company with becoming a foreigner but countries such as Costa Rica or Panama give 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 by way of tax incentives and demand lower minimal investments to acquire a legal residency permit as smaller investor.