On today’s show we are continuing our series on international outlook. There are many jurisdictions that position themselves as great retirement destinations. If you’re visiting, then you can usually stay in some places up to 90 days on a visitor visa before you need to leave. Some places allow up to six months. But if you’re looking for a location for a winter residence and want to stay longer than 90 or 180 days then you will likely need a residency visa.
Some countries offer a lengthy process for a residency visa. But if you’re willing to make an investment in the country, there is often an accelerated process.
Choosing a destination involves a number of considerations.
What is the climate?
What is the culture?
Are you going to be welcome in the country and is it safe?
Is the legal system going to be familiar with first world norms with fee simple title?
One of the interesting locations is Panama. Panama has a Qualified Investor Visa program that grants you Panama permanent residency by investment.
The Panamanian government has relaxed certain measures for foreign investors. First, it extended the availability of a reduced minimum investment amount of USD 300,000 for foreign nationals by another two years.
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