Economy, Business and Investment

Demand for Residency Permits in Central America

Spending longer time in Central America will at a single point require a residency permit as tourist visas call for to be renewed following 90 days. The following points summarize the principal reasons to obtain residency in Central America:

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

2) Starting a new enterprise - Central America is house of a variety of developing countries and gives a number of exciting enterprise possibilities for entrepreneurs. Function permits as employees are hardly readily available and in most situations are reserved for high-skilled workers from multinational corporations. Thus in practice an investor visa or a pension earnings is required to begin legal activities

three) Tax optimization - nations in Latin America tax earnings mainly on domestic sources only, thus earnings earned from sources outside the nation remain tax free of charge

4) Acquire a second passport - the residency permit is a very first step to obtain a second passport

In the US alone, 76 million youngsters had been born amongst 1945 - 1964. This sizeable population group is named the Child Boomers. These days they manage over 80% of all individual financial assets (Source: Wikipedia). This generation of baby boomers is reaching retirement age and countless 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 problems. Thus numerous citizens of such countries try to secure a secure location abroad for their households to prepare for any eventual emergencies. In particular citizens of Venezuela have not too long ago been seen looking to obtain residency permits in Panama although historically numerous Colombians brought considerable monetary assets to Panama. Due to political stability and a history of getting a safe haven, Costa Rica and Panama qualify pretty nicely as a place to relocate in case the circumstance at house becomes too tough.

Teak and Tropical Tree Plantations

Tropical tree species such as teak are restricted to grow in climate zones close to the equator. As a result only a handful of select countries in the globe can supply teak wood demanded by the planet industry. Some countries are tricky to do small business with becoming a foreigner but countries such as Costa Rica or Panama supply 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 through tax incentives and require lower minimal investments to obtain a legal residency permit as tiny investor.