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So why not having a company in Panama and just get a salary from it and keep reinvesting the profits? Why did you have to move there physically?

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It's also pretty cheap to live, or so I hear.

US taxes on global income if you're a tax resident of the US. There are ways to do it but at the low end it costs more than the taxes so it's not worth it.

I thought they also do it to expats, except for some token amount such as 100k/yr.

Luckily I'm not American. For those that are you are you can renounce, or roll the dice with Panamanian banking secrecy. The token amount still really helps for small business and remote workers.

If your a citizen or green card holder you are taxed on your global income even though you don't live there. If you were not a citizen / PR, I doubt you'd be able to legally start a business like that in the USA first.

You do get a big ~$100k income tax deduction if you don't live in the USA, but that is a separate point.

I'm not quite sure if you actually did this move from the USA.

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