Why Invest In Panama
Panama Is Foreigner-Friendly:
The infrastructure is excellent, taxes are only paid on income earned in
Panama, there’s no currency exchange rate or currency controls to deal
with, foreigners have the same rights as locals to hold property title, it’s
easy to obtain residency, and strong incentives are in place for investors,
business owners, and retirees.
Stable Economy and Currency:
One of the primary attractions for foreign investors is Panama’s robust
economy and the use of the U.S. dollar as its official currency. The
country’s stable economic environment provides a secure foundation for
real estate investments, offering a sense of confidence to those looking
to diversify their portfolios.
Favorable Legal Environment:
Panama boasts a welcoming legal framework for foreign investors, with
property rights protected by strong legislation. The real estate buying
process is transparent and efficient, making it relatively straightforward
for international buyers to navigate the legalities of property acquisition.
Tax Incentives:
Panama offers enticing tax incentives for foreign investors, making real
estate investment even more appealing. Property owners enjoy
significant exemptions on property taxes for an extended period,
contributing to a favorable return on investment.
Booming Tourism Industry:
The country’s flourishing tourism industry is a driving force behind the
demand for real estate. As more tourists flock to Panama’s pristine
beaches, lush rainforests, and vibrant cities, the demand for rental
properties and vacation homes rises, creating excellent opportunities for
foreign investors.
Strategic Location and Infrastructure:
Panama’s strategic geographical location, with the Panama Canal
connecting the Atlantic and Pacific Oceans, has led to a well-developed
infrastructure. Efficient transportation and communication networks
enhance the accessibility of real estate properties, ensuring a seamless
experience for both investors and potential tenants.
The Economy:
Panama also has the strongest and most stable economy in Central
America and continues to be one of the fastest-growing economies
in Latin America. Its economy rests on a globally oriented services
sector, which produces about 75% of the nation’s GDP. The Panama
Canal, Colon Free Trade Zone, Trans-Panama Pipeline, and Panama
City’s major international banking center are all contributors.
Panama has been U.S.-dollarized since 1904, which lends stability to the
economy and has allowed Panama to become the global-services
powerhouse it is today.
The Lifestyles Available:
This is also one of the best lifestyle havens on Earth…
Panama is the only country where you can drive from Caribbean beaches
to Pacific surf in just an hour and a half. Its two coastlines are dotted with
beaches for every preference—and this is one of the biggest draws here
for foreigners.
Many expats and locals base themselves in Panama City and own or rent
a beach house in the City Beaches area of the Pacific coast (about an
hour and a half to three hours from the capital) to escape to on the
weekends or during holidays. Beach properties are among the most profitable real estate investments in Panama.