On Saturday, August 1st, I interviewed Andrea Cook who moved to Panama about ten years ago. During the call, she talked about starting a business and also all the things she enjoys doing in Panama. Listen to the replay of her call below.
Panama has a lot of rules and regulations for travel agents and tour businesses in Panama. You have to jump through a lot of hoops to start or run your business legally. When you sell a product or service in Panama, you also have to pay taxes in Panama.
For these reasons, some prefer to run an online business when they relocate to Panama because it’s just easier. With an online business, you don’t have to pay taxes in Panama if you don’t sell your product in Panama. And, an online business also goes where you go so you’re not locked in to one location or one country.
I started my first business in 1992, a real estate investing business. And started my first online business in 1999. There is such a contract between an online business and a physical business.
Our Online Panama Relocation Guide has information about starting a business in Panama, starting an online business and getting a job in Panama. You’ll get additional tips and advice for starting a business in our private community forum.
The Online Guide has all the information you need to know to relocate to Panama including reliable immigration lawyer and property manager contacts. You’ll learn where you can buy affordable health insurance regardless of your age, how to get your pets to Panama and much more.