|
I would rethink that idea if I were you and I have lived part time in Panama for 6 years . GET A good LAWYER FIRST . You might want to look at a U.S.1040 tax form too. There is now a check box in that form to state if you have a out of country bank account . You don't check it and get caught ,you don't even want to know whats going to happen.
I use a Property Managment company , My Lawyer and my Visa Credit card to pay bills in Panama . I just wire funds to them as needed . Nice and Legal and My local Bank in the States has a letter from me stating the funds wired to Panama are used to pay house maintance cost . If the US goverment looks into my wire tranfers the bank can show them the letter . Just about everywhere in Panama they now take Visa so there is no need to walk around with a big wad of cash in your pocket .
I could talk for hours about this thread's questions ,but if you need more free "hands on" personal experience advice ,Email me .
|