subject: Panama As A Smart Investment [print this page] In a global economic slowdown, Panama is a shining star, and investments in Panama properties are leading the way in this strong economy.
The Panama Canal project is well underway, and shipping through Panama is already increasing. Panamas low crime rate, reasonable cost of living, gorgeous scenery, and beautiful beaches draw people not only for holidays, but also for retirement and investment. The growing tourist trade has created a need for more holiday condominiums, apartments, and villas. The increase in business means more factories, office parks, and business buildings are required. The time to invest in real estate in Panama is now.
Luckily, all types of property are available, many at a very reasonable cost. Panama City is the most developed area in the country, and property prices have remained very stable. However, there is still space on the outskirts of the city where one can purchase undeveloped land for business purposes. There are also apartment buildings and office complexes available that are already built. Panama also has a large workforce that is bilingual in English and Spanish. If your company is considering expanding into the rich and active Latin American market, Panama is an excellent first step. You will be able to find the property in Panama you need, and the available labour pool means hiring should not be a problem.
One of the best ways to maximise profits on your Panama property is to buy it through a Panamanian corporation that you create. These can be established at a reasonable cost and provide multiple advantages over personal ownership. Taxes can be much lower at the corporate level, and inheritance of the property, should that become a reality, can be much simplified. Offshore properties can have the vagaries of two countries tax systems involved and establishing a corporation can streamline future dealings with the property and with authorities in both countries.
Smaller, individual investors are looking into purchases of holiday villas and condominiums that can be used both as a personal holiday residence and then rented out during the rest of the year. The attraction of both a lovely holiday home and positive cash flow throughout the year has drawn many to Panama. Ideally located, the country is only a few hours by plane from almost anywhere. It has always had a strong attraction as a holiday destination, and during the economic downturn, that attraction has actually strengthened. With its stable currency tied to the U.S. Dollar and the burgeoning business at the Panama Canal, Panama is a bright economic star in an otherwise cloudy sky.
Look around at the wide variety of properties and bare land available, retain an experienced, bilingual solicitor, and your dreams of owning property in Panama can soon be realised. Not only that, but with due diligence, you will be able to find a property that will make you happy and make you a profit at the same time!
by: James P Martin
Zaproxy alias impedit expedita quisquam pariatur exercitationem. Nemo rerum eveniet dolores rem quia dignissimos.
