Why Invest in Property in Panama?
- Voted best place in the world to have a second home
- Voted as the location with the best Retirement programme
- New York Times (Feb. 2005), Newsweek (March 2005) The Wall Street Journal (June 2004),
- 6% price increases in the first Tri-mester (Panamanian Association of Runners and Promoters of Real Estate (ACOBIR).)
- Panama- stable government
- Dollar-based economy
- Low inflation- 2.5%
- Strengthening economy GDP 1999 3%, GDP 2004 6.2%
- High quality infrastructure and services.
- Excellent healthcare
- Low cost of living
- Panamanian government retirement incentives. No property taxes for 20 years
- No income tax on incomes earned outside Panama
- No tax on home furnishings if it is the retired person’s only property
- Exemption from property tax if it is the retired person’s sole residence
- FDI in Panama for the 5 years ending 2001 was approx. US $3.5 billion
- Currency is the US Dollar (for over a century)
- Low Inflation - Less than 2% for the last 40 years
- Excellent tax benefits
- Secrecy laws strictly enforced
- Equal treatment of local and foreign citizens
- Favourable incorporation laws
- Large Bi-lingual labour force
- Diverse economic base including banking, shipping, insurance, tourism and free zone (the Colon Free Zone is the largest in the Western Hemisphere and the second largest in the world after Hong Kong
- Ranked first in the region for low cost of living by the Tripartite Committee
- Stable political system
- Member of the WTO
- Annual average temperature of 27°C
- Access to both Caribbean and Pacific Oceans
- Incredible and diverse landscapes of rainforest, tropical beaches, paradise islands, mountains planted with flowers and coffee.
- Voted to have the best "Pensionado" retirement programme in the world
Note:Source - The panama planner edition 007/2006