Economy, Business and Investment

Demand for Residency Permits in Central America

Spending longer time in Central America will at 1 point call for a residency permit as tourist visas demand to be renewed right after 90 days. The following points summarize the principal causes to obtain residency in Central America:

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

2) Starting a new small business - Central America is house of a number of building countries and provides countless exciting business opportunities for entrepreneurs. Perform permits as workers are hardly offered and in most cases are reserved for high-skilled workers from multinational businesses. Thus in practice an investor visa or a pension revenue is required to commence legal activities

3) Tax optimization - countries in Latin America tax earnings largely on domestic sources only, therefore income earned from sources outside the nation remain tax 100 % free

four) Obtain a second passport - the residency permit is a first step to obtain a second passport

In the US alone, 76 million children were born among 1945 - 1964. This large population group is known as the Child Boomers. Now they manage over 80% of all individual financial assets (Source: Wikipedia). This generation of baby boomers is reaching retirement age and numerous of them will evaluate international living possibilities such as relocating to Central America due to lower fees of living and the warm tropical climate.

In Latin America itself, some countries await economic and political difficulties. Therefore many citizens of such nations attempt to secure a secure place abroad for their families to prepare for any eventual emergencies. Mainly citizens of Venezuela have lately been noticed seeking to obtain residency permits in Panama when historically a number of Colombians brought considerable monetary assets to Panama. Due to political stability and a history of getting a safe haven, Costa Rica and Panama qualify extremely well as a location to relocate in case the scenario at home becomes too tricky.

Teak and Tropical Tree Plantations

Tropical tree species such as teak are restricted to grow in climate zones close to the equator. Subsequently only a handful of pick nations in the world can provide teak wood demanded by the world market place. Some countries are complicated to do organization with being a foreigner but countries such as Costa Rica or Panama offer an investor friendly environment 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 call for lower minimal investments to obtain a legal residency permit as modest investor.