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PostPosted: Sat Aug 24, 2013 9:30 am 
Masters Degree in Mongering!
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I have been doing a lot of research and understand you can live in Costa Rica and own a business but you can not work in it. So where are the best places legally to start a business and live and work? Colombia, Nicaragua, Honduras, San Salvador, Mexico? Do the rules change if you are married to someone? Thanks.

I have alot of respect for the guys who have done it already from Bang Bang, ****, Castillo Jeff, and BlueDevil. I hope when I get to my time to retire their are still options.


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PostPosted: Sat Aug 24, 2013 3:06 pm 
Masters Degree in Mongering!

Joined: Thu Nov 11, 2010 7:44 am
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Location: Costa Rica
N2Techno wrote:
I have been doing a lot of research and understand you can live in Costa Rica and own a business but you can not work in it. So where are the best places legally to start a business and live and work? Colombia, Nicaragua, Honduras, San Salvador, Mexico? Do the rules change if you are married to someone? Thanks.

I have alot of respect for the guys who have done it already from Bang Bang, ****, Castillo Jeff, and BlueDevil. I hope when I get to my time to retire their are still options.


I live in CR and prefer it over other places.

But everything I hear and read says Panama is much friendlier for expats and business than other Latin countries.


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PostPosted: Sat Sep 07, 2013 12:18 pm 
Not a Newbie I just don't post much!
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I live and operate a business in Panama. I love it here and would be hard pressed to think of a better place to home base out of. The dollarized economy, growing economy and abundance of modern infrastructure make it a no-brainer for me.

From a lifestyle standpoint- you have a modern and vibrant city and then Pacific Beaches and a great mountain area (El Valle) all within 1.5 hours of each other. World class dining options, casinos, arts etc. round out the city experience. Here is a pretty good video on Panama City to give you an idea:

http://www.youtube.com/watch?v=smIKYYHRM1A City

It's also great in that because of it's locale, flying back to the States or visiting many of the other great Latin American cities is very convenient.


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PostPosted: Sat Sep 07, 2013 12:37 pm 
PHD From Del Rey University!
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Joined: Thu Oct 02, 2003 11:23 pm
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Location: Esportsmen's Lodge
Panama has my attention just made trip #2 and had a blast. What a great city, read unemployment was like 2.7% last year and being far from retirement age the opportunities to actually make a decent living are enticing. CasaV can you recommend any expat sites for info & research?


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PostPosted: Sat Sep 07, 2013 4:07 pm 
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Joined: Tue Nov 03, 2009 4:32 pm
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Hi,

Check out a web site called retirement wave. It features all the details you will ever need about Panama. :!:


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PostPosted: Sat Sep 07, 2013 5:23 pm 
Masters Degree in Mongering!
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Joined: Wed Aug 27, 2003 6:51 pm
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Summerfun wrote:
Hi,
Check out a web site called retirement wave. It features all the details you will ever need about Panama. :!:


Thanks for the info. Here is the excerpt: http://www.retirementwave.com/panamashort.htm

Always been meaning to get to Panana but never did. Mongering days have C*m and gone but would be nice to see Panana for investments and a second home. My wife would love the place.

Thanks to all for bringing up the subject.

Have a Great Day,

Dave


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PostPosted: Sat Sep 07, 2013 6:29 pm 
PHD From Del Rey University!
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Quote:
From a lifestyle standpoint- you have a modern and vibrant city


And beauty is in the eye of the beholder. :wink:


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PostPosted: Sat Sep 07, 2013 7:53 pm 
PHD From Del Rey University!
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Joined: Wed Oct 20, 2004 10:46 am
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Location: Los Angeles
This is from www.retirementwave.com:

"All that is required to qualify as a pensionado is that you must be in good health"

What EXACTLY constitutes "good health"?


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PostPosted: Sat Sep 07, 2013 9:31 pm 
Not a Newbie I just don't post much!
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[quote="BondTrader"]This is from http://www.retirementwave.com:

"All that is required to qualify as a pensionado is that you must be in good health"

What [b]EXACTLY[/b] constitutes "[b]good health[/b]"?[/quote]That statement is inaccurate. To qualify for Pensianado visa status, among a few other things, you need at least $1,000 per month payable by a verifiable 3rd party pension, annuity or government agency.


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PostPosted: Sat Sep 07, 2013 9:45 pm 
Masters Degree in Mongering!
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Thought I would post the whole thing. Gives one a lot of discounts.

"All of the above makes retiring in Panama an excellent choice for retirement, but here are some very direct incentives. As a pensionado [retiree] in Panama, you receive: >> 50% discount at most recreational, movie, and sporting events >> 30% discount off public transportation (including buses and ships) >> 25% discount off Copa airline flights >> 50% discount off hotel stays on weekdays (30% on weekends) >> 25% discount at selected restaurants >> 15% discount at fast food restaurants >> 10% discount off prescription drugs >> 20% discount on doctor's visits >> 15% discount on dental work >> 25% discount on your electric bill (if less than $50) >> 25% discount on your telephone and water bills. In addition, you can bring in all your household goods free of taxes and import a new car every two years for private use.

All that is required to qualify as a pensionado is that you must be in good health, AIDS-free, have an up-to-date passport from your country of citizenship and a verifiable monthly pension income of at least $1000 per month for an individual, $1250 for a couple, plus $250 for each additional dependent, if any. Foreigners who become pensionados can buy and own Panama property and enjoy exactly the same rights and protections as Panamanians, not always the case in many nations and an important point people often forget to consider. As for income taxes, you will be pleased to know that in Panama you pay no taxes on income earned outside of Panama."

No income tax on income earned outside of Panama.

Have a Great Day,

Dave


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PostPosted: Sat Sep 14, 2013 3:29 am 
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Joined: Sat Sep 14, 2013 2:57 am
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Sounds like you are mostly asking about a place to live AND do business. I moved here (Costa Rica) about 3 months ago on a good friend's advice. CR is definitely a great place to move and start a business. Unfortunately, it is no longer a super-cheap place to live. I live in Escazu and it is like living in the USA cost-wise. I guess it depends on where in the USA you're talking about, but I've lived cheaper in the USA.

Anyhoo, my bud is making a very nice 6-figure income in CR, and I'm almost there myself. Best advice I can give, which was given to me by several people: find out what can't be done in CR, then do it anyway. The amount of inertia and naysaying in CR is astounding. Lots of gringos are swayed into the "can't" camp too, but it's a trap. The Chinese dudes running the pulperia a block from my house are driving BMW's. Talked to them one day -- they sold everything they had to buy the plane tickets to CR and pay for 6 months rent. After 2 years, they are clearing 6 figures running the pulp and a few other (yes, legitimate) side businesses. They simply attract customers because they use the "go-get-em" business model instead of "pura vida".

Now, I'll grant you, a lot of people enjoy that slower pace of life, and that's cool. But if biz is what you're here for, mop up for 10 or 15 years and you're set for life.


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PostPosted: Sat Sep 14, 2013 11:50 am 
PHD From Del Rey University!
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stlribs wrote:
Now, I'll grant you, a lot of people enjoy that slower pace of life, and that's cool. But if biz is what you're here for, mop up for 10 or 15 years and you're set for life.


What attracted so many people to CR was indeed the "slower pace" and "Pura Vida" lifestyle and the "reasonable" cost of living. Clearly the luster is in the process of disappearing as prices rise and more and more "investors" Chinese...etc. begin to pollute the landscape in search of $$. Sad.


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PostPosted: Sat Sep 14, 2013 12:36 pm 
CR Virgin - Newbie!

Joined: Sat Sep 14, 2013 2:57 am
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BondTrader wrote:
stlribs wrote:
Now, I'll grant you, a lot of people enjoy that slower pace of life, and that's cool. But if biz is what you're here for, mop up for 10 or 15 years and you're set for life.


What attracted so many people to CR was indeed the "slower pace" and "Pura Vida" lifestyle and the "reasonable" cost of living. Clearly the luster is in the process of disappearing as prices rise and more and more "investors" Chinese...etc. begin to pollute the landscape in search of $$. Sad.


And to further that point (about which I absolutely agree with you), even if you don't have that "pura vida" relaxed attitude, it doesn't take long to catch the fever. Actually, I haven't lived in CR that long, and I'm starting to regret getting an expensive ($1500/month) apartment in Escazu. CR is not cheap, but it can certainly be done cheap. My buddy who talked me into coming down here in the first place is completely hooked up with the locals and shops where they shop, away from the tourist traps. They average at least one huge blow-out party a week and generally never seem to be working. I'm jealous. My bud nets over $15K per month and lives in a very modest place, drives a 10-year-old hyundai, and eats at home most of the time. Pretty much 90% of his income is disposable, but he socks most of it away in hopes of a very early retirement -- looking for that "pura vida" lifestyle. I agree, it's hard to live with that all around you and still work 40-hour workweeks living paycheck to paycheck.

On the other hand, capitalism will eventually take over wherever the laws allow it.


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PostPosted: Sat Sep 14, 2013 1:14 pm 
PHD From Del Rey University!

Joined: Tue Dec 28, 2004 5:55 pm
Posts: 4036
Location: South America
stlribs wrote:
BondTrader wrote:
stlribs wrote:
Now, I'll grant you, a lot of people enjoy that slower pace of life, and that's cool. But if biz is what you're here for, mop up for 10 or 15 years and you're set for life.


What attracted so many people to CR was indeed the "slower pace" and "Pura Vida" lifestyle and the "reasonable" cost of living. Clearly the luster is in the process of disappearing as prices rise and more and more "investors" Chinese...etc. begin to pollute the landscape in search of $$. Sad.


And to further that point (about which I absolutely agree with you), even if you don't have that "pura vida" relaxed attitude, it doesn't take long to catch the fever. Actually, I haven't lived in CR that long, and I'm starting to regret getting an expensive ($1500/month) apartment in Escazu. CR is not cheap, but it can certainly be done cheap. My buddy who talked me into coming down here in the first place is completely hooked up with the locals and shops where they shop, away from the tourist traps. They average at least one huge blow-out party a week and generally never seem to be working. I'm jealous. My bud nets over $15K per month and lives in a very modest place, drives a 10-year-old hyundai, and eats at home most of the time. Pretty much 90% of his income is disposable, but he socks most of it away in hopes of a very early retirement -- looking for that "pura vida" lifestyle. I agree, it's hard to live with that all around you and still work 40-hour workweeks living paycheck to paycheck.

On the other hand, capitalism will eventually take over wherever the laws allow it.


That's the way to go in any foreign country. Assimilate and go with the flow of the locals. You are better off being retired, too. Work and risk taking is highly overrated in my book. :wink:


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PostPosted: Sun Sep 15, 2013 11:08 am 
Not a Newbie I just don't post much!

Joined: Sun Mar 20, 2011 2:10 pm
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Location: Ft Lauderdale, FL, USA
Greengo wrote:
commercial rent is astronomical...you can partner up with a silent partner or tico sponsor...Colombians are buying a lot of things on paper...but its still basically owned by ticos..if youre not laundering or partnered up with someone doing it ...youll be pissing in the wind..everything from a hot dog stand to a hotel...competing with a property washing money under 10 or 15 different corporate entities..ones only real advantage has been the competent gringo execution of an idea..concept..process....but....the younger poor to middlin ticos have in the process of learning a little English started assimilating a little of the light at the end of the tunnel mentality and are becoming lightly imbued with a conceptual grasp of how to circumvent the omnipresent oligarchal gauntlet...after working your ass off...figure about 5 per cent of the gross in most service oriented ventures...your tico distributors will play you against your competitors to sell more ..cheaper..to move their product...all the time youre balancing your 80 to a 100 hours a week against some guy pencil whipping sales.laundering 75k a week.sitting at the beach or the country club.. you can marry into or partner up into one of the really necessary services...of course one can always don ones tico garb...buy yourself a nice suv stolen from the states and given the arreglada...immerse yourself in corruption ...steal from your relatives..revel in the accepted concept of fecal familial lasciviousness..the weathers good .."love" is reasonable....enjoy it while you can...all too soon well be fighting tooth and nail to save these morons from a deadly monster buttfucking by a couple million starving nicas... :shock: otay buttwheat? :shock:



always a good read. Thank you.

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