The Murder of Bo Icelar in Bocas del Toro, Panama
(Panama-Guide) Bo Icelar was typical of the people who move to the Republic of Panama from the United States to live overseas as an expatriate. He came here in 2004 and started a company called "Iguana Limited Corp" and then used that company to buy his property and house in Bocas del Toro. Many people do it this way for a variety of reasons. First and foremost, it's simply easier to sell the property later - rather than selling the property you just sell the shares of the company which effectively reduces your tax burden.
