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panama

if someone were to move to panama and only become a legal resident of that country, will they have to declare an offshore bank account located in cyprus to the panamanian government like uncle sam forces legal residents of the united states? can someone please tell me how the law works in panama? thank you.
@donald bathe please do some research yourself. 1. Legal residency is not the same as tax residency. 2. Panama is a territorial taxed jurisdiction. It will be quicker and easier to simply google most of your questions than continually posting here.