I don’t think it’d be very annoying at all. If, for example, you weren’t doing significant economic activity in Panama on an ongoing basis, your US taxes would be unaffected and you wouldn’t need to file any taxes in Panama (pretty confident).
If you’re aiming for citizenship like I would be, then the main work is:
The upfront time and monetary investment
Showing investment / interest in Panama and knowledge about it for the 5 year later evaluation (probably involves at least 2 more visits to Panama during that time)
I don’t think it’d be very annoying at all. If, for example, you weren’t doing significant economic activity in Panama on an ongoing basis, your US taxes would be unaffected and you wouldn’t need to file any taxes in Panama (pretty confident).
If you’re aiming for citizenship like I would be, then the main work is:
The upfront time and monetary investment
Showing investment / interest in Panama and knowledge about it for the 5 year later evaluation (probably involves at least 2 more visits to Panama during that time)
Then renewing your passport every 5-10 years