Panama is a good place for US citizens to invest in real estate, have a retired life or to do business. Panama’s Residency Laws, Investment Laws and Real Estate Laws are very friendly towards foreign citizens.
 To buy a new house and moving there it is necessary to obtain the services of a good attorney and a reliable estate agent. Houses and plots in Panama City are much cheaper than those in any major US or European city. It is better to visit the place and see for yourself the place you propose to buy. The reliability of the estate agent must be confirmed by independent sources especially when you are not familiar with the place. Remember there are fly-by-night estate agents also. If you can get a good attorney he will take of the inspection of title deed, transfer of money, documentation and registration of transfer of property and all the legal needs.
Foreigners are allowed to buy land in Panama. Foreign citizens are not permitted to buy property within ten miles from the border area. Always look for a titled property and not property with rights of possession only.
Labels: Panama Investments
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First accept the compliments for your exquisite taste of living in style, after all who could possibly pass up a chance like this to get their own piece of paradise? So now that you know where you want to be, that brings us to what would be the deepest desires of your heart.
Trust us, we know what would make you feel like a king, after all don’t you think you are worth it? We do!!
Now comes the hardest part of the job, where to start looking. We have a whole range of treats to feast your eyes on. So what may we offer you? We have cool condos, fantastic farmhouses, attractive apartments, beautiful beachfront real estate and cozy country houses or anything else that is born from your imagination when it comes to living in style. Just let us know and we will do what ever necessary to make sure your dreams become a reality.
So, why don’t you give us a call and tell us what you desire and let us make your life complete by adding the missing pieces to your life and make a masterpiece of it in the Republic of Panama? Don’t waste your time searching for paradise, let it come to you!!
Labels: Panama Investments
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Panama is a good place for US citizens to invest in real estate, have a retired life or to do business. Panama’s Residency Laws, Investment Laws and Real Estate Laws are very friendly towards foreigners.
 Any foreigner who can invest $100,000 as a general investor can get a Residence Visa there. There are many other investment avenues to get a Residence Visa.
Foreigners are allowed to buy land in Panama. They are given the same protection as Panamanian citizens. Property Tax exemption is given for twenty years from the date of purchase for properties bough for business purpose. New buildings also will get the same exemption. Companies engaged in tourism promotion are exempted from property tax as long as they do the same business.
There are two types of property ownership in Panama. One is the purchase of titled property. Such purchases are registered in the property registry. This gives the buyer a clear ownership of the property. Another type is purchase of rights of possession. It does not give an absolute right of ownership. It is better to obtain the services of a professional to purchase land. Foreigners are not allowed to buy land within ten miles of the border area.
Labels: Panama Investments
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Haven’t you wanted to stroll on the beautiful beaches with golden grains of sand watching the sun set by the Caribbean or the Pacific? If you haven’t so far, it’s never too late to start. Why spend a fortune on getting your dream house by the beach in the United States when you can get one on the isthmus connecting North and South America?
Yes, you can get the house of your dreams which is not only the best real estate investment but you can also retire and spend the best part of your life watching the sunsets every evening in the Republic of Panama where the splendors of Latin America come to life!!
For those with a desire in your hearts to buy a house on the coasts of Panama, the real estate agents have something better to offer you, a home in a paradise called Panama. So, stop wondering if you should get a beach house, after all who wants a house? What you need is a cozy condo where you can be King and have fun when you are at it. Panama waits to help you visualize those dreams which you haven’t even thought about and make it a reality. Pick up the phone and give the realtors a call and they will make your paradise come to you at the snap of a finger.
Labels: Panama Investments
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 Wondering where Boquete is? Nice try, it’s the not so small and not so big town in the western highlands of the Republic of Panama where the grandeur and splendor of Panama can be experienced first hand. At a height of about 1,000 meters above sea level, the climate you see here is pretty cooler than the much warmer parts of the country.
The best part, thanks to its natural environment you can live in harmony with nature. Boquete being the natural choice of many retirees from North America not only has a climate that will make you fall in love with the place but it also has a cost of living that is quiet affordable.
If you wanted to live in an eco friendly city, this is your place. If you have always wanted to run away from the pollution and crowded cities and live a life of peace where you can hear the birds chirp and the brooks flow and the rustle of the leaves in the wind, you have got to relocate yourself here.
At Boquete you can taste the smell of fresh air and not only that, you get to see more of God’s handy work in the meadows and trees and much less of man’s handy work in buildings and houses. So remember if you aren’t in Boquete, you aren’t in nature.
Labels: Panama Investments
[ 0 comments ]
Panama is a good place for US citizens to invest in real estate, have a retired life or to do business. Panama’s Residency Laws, Investment Laws and Real Estate Laws are very friendly towards foreign citizens.
 To buy a new house and moving there it is necessary to obtain the services of a good attorney and a reliable estate agent. Houses and plots in Panama City are much cheaper than those in any major US or European city. It is better to visit the place and see for yourself the place you propose to buy. The reliability of the estate agent must be confirmed by independent sources especially when you are not familiar with the place. Remember there are fly-by-night estate agents also. If you can get a good attorney he will take of the inspection of title deed, transfer of money, documentation and registration of transfer of property and all the legal needs.
Foreigners are allowed to buy land in Panama. Foreign citizens are not permitted to buy property within ten miles from the border area. Always look for a titled property and not property with rights of possession only.
Labels: Panama Investments
[ 0 comments ]
First accept the compliments for your exquisite taste of living in style, after all who could possibly pass up a chance like this to get their own piece of paradise? So now that you know where you want to be, that brings us to what would be the deepest desires of your heart.
Trust us, we know what would make you feel like a king, after all don’t you think you are worth it? We do!!
Now comes the hardest part of the job, where to start looking. We have a whole range of treats to feast your eyes on. So what may we offer you? We have cool condos, fantastic farmhouses, attractive apartments, beautiful beachfront real estate and cozy country houses or anything else that is born from your imagination when it comes to living in style. Just let us know and we will do what ever necessary to make sure your dreams become a reality.
So, why don’t you give us a call and tell us what you desire and let us make your life complete by adding the missing pieces to your life and make a masterpiece of it in the Republic of Panama? Don’t waste your time searching for paradise, let it come to you!!
Labels: Panama Investments
[ 0 comments ]
 The Casco Viejo neighborhood of Panama City (also called Casco Antiguo) is “one of the hippest barrios in Latin America,” according to a recent article in the Guardian. The article describes the growing popularity of Panama’s capital city as one of the fastest growing tourist destinations in Latin America. Once a stopping off point for tourists visiting the Panama Canal, Panama City is now becoming a base for tourists due to its bustling nightlife, close proximity to both Pacific and Caribbean beaches, and access to unique tropical ecosystems teeming with biodiversity. Panama is also gaining a reputation as a cultural center in Latin America, particularly in the realm of music. Local bands have begun to receive more regional attention throughout Latin America, in addition to a thriving jazz scene in and around Panama City.
This article highlights many of the strengths in Panama’s growing tourism economy. Given the level of media attention the country is receiving in the United Kingdom, due in part because of the scandalous ‘canoe man’ incident, and the upcoming James Bond film, it is likely that tourism from the United Kingdom and Europe will likely increase. Given Panama’s currency’s ties to the dollar, it is almost certain that the country will increasingly gain attention from European travelers for the foreseeable future (or until the euro and the pound begin to lose value to the dollar).
       
Labels: Panama Investments
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I recently had the opportunity to interview Sylvain Duford, who is currently building a house in Altos del Maria, Panama, and is chronicling his adventure in his blog,Sylvain’s Panama Adventure. According to his blog, Mr. Duford is a former Canadian Airforce pilot, and is currently a software engineer. He began writing about his experiences building a house in Panama on his blog in February of 2007.
PREI: Why did you choose Panama as a location to build a second home, and how did you decide on the specific region or location?
SD: We heard about from a friend who bought a lot in Bocas del Toro and after researching it, we found out that the combination of infrastructure, health care, safety, low cost of living, climate and favourable tax treatment was pretty much unbeatable. We like to live in the country and we don’t like heat, so building in the mountains made sense for us. Additionally, Altos del Maria is safe, 30 minutes from Gorgona beach, and 1.5 hour from the city, so it was a great combination for us.
PREI: What made you decide on building the home yourself, rather than investing in an existing piece of real estate in Panama?
SD: We didn’t find anything we really liked, plus we had some ideas about our very own piece of tropical paradise.
PREI: As your home is still under construction, what have been the most difficult obstacles in planning and building your home as of yet? What have been the most rewarding aspects?
SD: Finding and selecting a trustworthy architect and a builder were the most stressful and difficult aspects. You pretty much have to go with someone that has a proven track record and is recommended by one or more persons you trust. Building in any country is a lot of work and trouble and you pretty much have to be there all the time. Doing so in a far-away third-world country makes it even more challenging since we can’t be there all the time. Luckily we found a trusted third party to watch over the construction for us. Seeing our embryonic ideas become a sophisticated design and then slowly become reality has been very rewarding.
PREI: Reading your blog I can see that you are interested in the outdoors, and are a self described environmentalist. Have these interests impacted your decisions in undertaking this project as far as location, design, or building materials, etc?
SD: Yes our lot selection and house design have kept in mind the need to minimize our energy consumption and allow us to easily implement green energy and rain-water conservation once we are established there.
PREI: What additional advice would you give to anyone interested in buying or building either a primary residence or second home in Panama?
SD: I would say that you need to arm yourself with a lot of patience and give yourself at least two years for the whole project from lot selection to end of construction. You also need to select the people you work with very carefully and be ready for things to go a lot slower than you expected. But in the end, it’s all worth it.
PREI: Thank you very much for your time, and I wish you luck with your building project!
To read more about Sylvain Duford’s experiences building a home in Panama, please visit his blog.
       
Labels: Panama Investments
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To buy a new house and moving there it is necessary to obtain the services of a good attorney and a reliable estate agent. Houses and plots in Panama City are much cheaper than those in any major US or European city. It is better to visit the place and see for yourself the place you propose to buy. The reliability of the estate agent must be confirmed by independent sources especially when you are not familiar with the place. Remember there are fly-by-night estate agents also. If you can get a good attorney he will take of the inspection of title deed, transfer of money, documentation and registration of transfer of property and all the legal needs.
The International Finance Corporation (IFC) is considering offering a $500 million loan to help Panama finance the current canal expansion. The project, which includes adding a third set of locks to the canal, has a current estimated price tag of over $5 billion. The expansion will allow larger ships to pass through the aging American built canal. The canal is a major component of Panama’s economy, directly and indirectly accounting for nearly 19% of the country’s GDP, and 41.2% of its export volume.
