Investing in Panama for the small business owner or the retiree has never been so easy and productive. Particularly investing in Real Estate.
In recent years in Panama, a “boom” has started within the real estate market thanks to the tax incentives that Panama offers to buyers and investors. Not only that, but also because of the financing facilities and the rapid revaluation of your investment.
These advantages have led to the appearance of the so-called "residential tourism", consisting of those people who, or seek to invest their money in some real estate, or reside in Panama. It is estimated that for the year 2018 the entry into the country as a product of all this great movement, will be about 10 billion dollars.
Investing in Panama buying real estate is a very good idea and a simple process. In Panama, the services of real estate companies have professional and bilingual personnel who guide the interested party in everything related to real estate and due legal advice, as well as offer a very vast information online.
Invest in Panama. The Law is Equal for Everyone.
It should be taken into account that Panamanian laws put both local and foreign investors on an equal footing; The only thing that varies is the percentage that must be given for the initial fee (10% local, 30% foreign) and the type of documents that are needed in case of carrying out the transaction through a financial institution.
Panama is one of the three best places in Latin America to live, according to a survey conducted by Corporate Resources Group and one of the four best in the world to live outside the United States. The latter is pointed out by the American Association of Retirees and the International Living
As a “pensioner” in Panama, you are eligible for discounts on almost everything you buy. If you buy or build a house, you pay no property tax for 20 years. As a resident, you do not pay tax on income earned abroad.
When deciding to invest in Panama or buy a property, we suggest you take into account the following recommendations:
Investing in Panama in Real Estate: Recommendations.
If you do not know Panama, first find out which are the best areas that suit what you are looking for. We can provide you with this information without obligation.
We advise buying your office, premises, warehouse or apartment through companies or societies. You will save money and the process is faster.
Before investing in Panama in a property that is new, ask the developer about everything you think you should know before the start of the purchase. Clarify your doubts well. We can do that job for you and send you a report without obligation. We do it, because we want to help and that you make the best possible investment at the lowest possible cost.
Take into account that the "delivery" dates are not always exact.
And we will know how to tell you the revaluation of that new home after a couple of years.
If you need bank financing to invest in Panama, we will help you without any commitment to establish contact with a bank that will facilitate the mortgage process once you have chosen the property
If you do not speak Spanish, it is important to have a bilingual professional to guide you and serve as an interpreter. We speak English and French and any contract you need to sign will be translated into English or the language you speak.
Hiring the services of a real estate professional will facilitate not only the purchase - sale operation, but also all the paperwork and documentation that will be required for the transfer of that property
Investing in Panama Remains an Opportunity.
These are some of the advantages that Panama offers for foreign investment.
Main Recipient of Foreign Investment
Panama is the main recipient of foreign direct investment in Central America. Likewise, it offers a favorable opportunity for investment since there are constitutional norms that promote private property, protect intellectual property and the principle of non-discrimination against foreigners.
Competitive Banking System
Panama's banking system is booming. In the last 20 years there have been mergers, transformations and incorporations of new banks that have managed to turn Panama into one of the most important financial centers in Latin America.
Although it is not as obvious as other competitive advantages, there are sectors that offer benefits to all economic activities in the country. It is the International Banking Center, with several decades of operation and large, if one takes into account that the country has only 3.2 million inhabitants.
Its contribution to economic development is reflected in the high level of loans that are granted per year. The evolution of credit is accompanied by good liquidity from the banking entities. This guarantees a very favorable banking stability climate in the face of the devastating effects of the international financial crisis in other countries.
Use of the United States Dollar as Currency of Current Use
Investing in Panama has never been so easy. The national monetary unit, the Balboa, maintains a strict monetary parity with the Dollar (1 B /. = 1 $). By virtue of an agreement with the United States dating from 1904, Panama does not have a Central Bank nor does it issue paper money, it only mints fractional money.
Debt Risk Rating is Stable.
The risk rating agency Standard & Poor’s (S&P) improved the risk rating from BBB- to BBB, with a stable outlook
This positive action on Panama's risk rating after the annual visit that the rating agency made to the country, encourages investors to turn their gaze to Panama. With the rating upgrade, S&P ruled that the country has the capacity to meet its debt commitments. Likewise, it was supported that the growth projections and fiscal flexibility of the country are strong to face the challenges that could emerge in the transition to a less optimistic economic environment. Therefore, investing in Panama is safe.
Geographic Location: Hub of the Americas.
Panama has a privileged geographical position, dividing the Atlantic and Pacific Oceans, and located between North and South America. Panamanian ports are leaders in cargo movement in Latin America.
It is also an air hub, thanks to the geographical position and the public and private investment that have made Tocumen International Airport the most important in connections and passenger transshipment.
Panama has a clear competitive advantage in terms of its location, its peaceful side is the gateway for Asian products. But it is also that, on the Atlantic side, it houses the largest free trade zone in the Western Hemisphere.
Investing in Panama: Special Economic Zones.
Colon free zone:
This zone is the second most important free zone in the world, contributes 12% to the country's GDP
This is the first distribution center in the Western Hemisphere. For this reason, warehouses, port and traffic systems for all types of merchandise are constantly being built and modernized, staying at the forefront of modern technology and always ready to offer a wide range of services.
Special economic areas
Panama has multiple Special Economic Zones that serve as a commercial platform to establish companies or industries in various areas with special tax, labor and immigration benefits.
1. City of Knowledge: is an international complex for education, research, development and innovation, whose purpose is to promote and facilitate synergy between universities, scientific research centers, new economy companies and international organizations
2. Panama Pacifico: is an area designated for the production of high value-added goods and services and technology. It is located in the old Howard Air Force Base.
3. Export Processing Zones: Free and free enterprise zones within which any national or foreign natural or legal person can be located.
The best of this attraction, that Panama offers many more reasons for you to think about Investing in Panama in real estate. Contact us and we will get you what you are looking for quickly and at the best price. Contact firstname.lastname@example.org
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