Work permission comes before the contract
Compare pensioner, employment and other eligible residence routes. A popular program name does not imply eligibility for every passport.
Short-stay remote-worker visa — non-resident. 9 months + one 9-month extension
Check permitted activityForeign-company employees, freelancers, local employees and owner-directors are different legal scenarios. Company registration does not automatically authorize personally working for that company.
When tax obligations arise
Tax residence
Over 183 days in the tax year or the immediately preceding one; home and interest criteria also exist.
Residence ruleRates & limitations
Annual DGI bands: first B/.11,000 at 0%; the portion up to 50,000 at 15%; excess at 25%. A foreign client does not automatically make work foreign-source.
Tax authority sourceRates are marginal: they apply to the relevant slice of taxable income, not all earnings. A foreign client, crypto payment or offshore account does not automatically make income tax-free. Social contributions, VAT, deductions and treaties need separate analysis.
What to bring to a bank
- Passport and immigration-status evidence; local identification number if required.
- Address evidence: lease, registration or utility bill as specified by the chosen bank.
- Tax IDs and tax-residence countries; CRS/FATCA self-certification when requested.
- Regular income evidence: employment contract and recent payslips, or freelance agreements, invoices and statements.
- Origin of savings: statement trail, property sale or inheritance records. For crypto, keep purchase, trade and withdrawal history—not just a wallet balance.
Dollar-based spending simplifies budgeting, but bank onboarding requires source-of-funds and document checks. This is a preparation pack, not an account-opening guarantee.
Crypto: country rules, payments & cash-outWork, business & investment
Before buying a business, separately verify debt, licenses, staff, lease, accounts and your residence basis. A purchase agreement does not replace immigration approval. When networking, check the legal entity and counterpart's track record before transferring funds.
Work, business & investment routes