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Why Panama?

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If you are wondering Why should I invest in Panama real estate?  There are many reasons, such as: 

 

Priviledged Location:

 

  • Panama does not suffer natural disasters.
  • Panama has tropical weather all year long. There's only summer and rainy seasons.
  • Panama has coastlines on two oceans, the Atlantic and the Pacific.
  • Panama offers diverse tourist attractions, such as the Panama Canal, Casco Viejo (old city), colonial cities such as Portobelo, countless beaches and islands, rivers and lakes, bio-diversity of plants, animals and more.

 

Political Stability:

  • Panama has a fully democratic system of government.
  • The Panamanian government promotes economic growth and free trade.
  • There have not been any military movements for over 20 years.

 

Economy:

  • Panama uses the American Dollar as its currency.
  • There is a strong investment of foreign multinationals in the country including: DELL, PROCTER & GAMBEL, HSBC, INELECTRA, MAERSK, UNIÒN FENOSA, TELEFÒNICA, CABLE & WIRELESS and many more.
  • There are excellent tax benefits for Multinationals.
  • With the current Panama Canal expansion, several Multinationals are expected to establish themselves in the country.
  • Panama has the largest banking center in the region, with over 144 banks, most of them international.
  • Panama counts with the second largest tax free zone 
  • Taxes are much lower than in European and Asian countries, as well as in the United States.

 

 Properties:

  • Any foreigner can own as many properties as he or she wants, just as any Panamanian.
  • Exemption from property taxes up to 20 years..

 

Society:

  • Panamanian society is tolerant to all the practices of religious creeds, political movements, ethnic groups, and work in peace and freedom with all the different groups that constitute it.

 


 

  • Images courtesy of ZINHO.

 


 

 

 

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