Panama is becoming one of the hottest destinations for investors, retirees, and business people. On this site you can learn about real estate in Panama, investing in Panama, protecting your assets offshore in Panama and even travel in Panama.
Investors - You can enjoy great tax incentives, whether or not you
live here full time: low or no property taxes, and a 20 year tax
exemption on new residential construction. Boquete is short on
rentals, there is a strong demand from expatriates living in Panama
and not enough supply! New Incentive Law - If you would like to live
here, but do not have a pension or guaranteed income for a retirement
residency status, the Panamanian government just passed a new law
that you can benefit from. If you invest $200,000 or more in any kind
of real estate, you can automatically receive an investor residency
that allows you to live in Panama legally. Tourism Law - Law 8, is a
special law to promote tourism, almost exclusively in the Boquete
area. This law gives a 20 year tax exemption on profits on eligible
tourist projects. If you would like to combine living in Panama with
a nice income from a tourism business, this is perfect for you. We
have some excellent properties available that would be great for
tourism projects. Contact Us for more information.
For those of you who are ecologically minded Panama has government
sponsored benefits for reforestation projects. With a minimum of
$40,000 investment in reforestation you can get automatic residency.
Read the article, Why Teak in our articles list below, or click here, about the benefits of
growing teak and informative relative websites.
Retirees - Benefits: Benefits: Panama has great incentives for foreigners; the
legislation offers incentives and exonerations of taxes for many
foreign residents. Pensioners, that is retired people, older than 55
years of any citizenship in the world also receive further benefits
listed in our FAQ page.
Come see the paradise landscapes and availability to purchase real
estate at very reasonable prices and you will understand why such
great institutions such as AARP and International Living declare
Panama (and particularly Boquete) one of the best retirement
locations in the world. Law number 6 of 1987, Article 1, established
that foreigners living in Panama can enjoy discounts from 25% to 50%
on many purchases and services.
Articles on Panama:
Tax-News.com - Panama's Economy Surges Ahead
Financial Times - Deutschland - Panama Builds on its Economic Boom
American Airlines Adds Panama City Flights at Dallas/Fort Worth
PostNet Goes to Panama
Panama Canal Hits Transit Record Again
The New York Times - The Costa Rica Experience Moves Next Door
Panama Economy Expected to Grow 8%
Financial Times - Panama Gates Unlocked to Surprise Prosperity
Boomers Looking Outside U.S. for Second Homes
The Lure of Living South of the Border
Panamá has Best GDP in Latin America
Panamá will be "Home Port" of Cruises
Panamá Banks Surpass $55 Billion
Exotic Panamá: The New Florida
SmartMoney.com - Top Five Places to Retire
Pedasi: The Hollywood Secret of Panama
Billions Are Coming in to Develop Panama's Coasts
Harken Will Drill for Oil in Panama - Good Economy Continues
New Waste Water Plants Approved in Panama City
Panama Has the World's Best Coffee
Latin Business Chronicle - GDP Outlook 2008: Venezuela Worst, Panama Best
Miami Herald - Latin American Prices Entice
Panama Tourism Workshop
ABC News - Nightline's Report on Panama Real Estate
Conde Nast Traveler - Panama named top second home destination (Microsoft Word)
Why Teak?
Beauty and Tax Breaks Lure Buyers to Panama
Wall Street Journal - Retirement Havens For the Intrepid
ABC News - Live Like a King for Dollars a Day
Fortune Magazine Special Issue - Paradise Found: Where
to Retire Abroad (Microsoft Word)
Panama Calling to Preserve Its Edens
Continental Divide by Travel+Leisure
San Francisco Chronicle - Making Fantasy Real in Panama
Newsweek - There is No Hotter Destination Than Panama City!!
Legendary Darien
Jungle
LA Times - Retirees Find More for Less in Panama
LA Times - Panama: More Than a Canal
