Greetings! from Panama to the world. Welcome to our portal. A special place designed for all those whose endeavours might lead to an interest in information on real estate investments in Panama. Whether your interest is leisure, retirement or just asset acquisition, this is the sight for you. We offer daily updates of national news on real estate movements, as well as current announcements from our advertisers, real estate promoters and realtors, enabling you to evaluate possibilities through current and accurate publications. If you are in Europe, USA, Asia , Center and South America, you will be able to view all that this privileged land with its advantageous situation and delightful climate referred to as “Heart of the Universe” or as many prefer “ Paradise”, has to offer. Please do not delay, Enjoy!
off shore services
LEGAL SERVICES IN PANAMA
There are several recognized and very reputable law firms in Panama well verse don broad of legal matters and who are ready to provide advice, guidance and information that you should know about on various subjects of interest, including acquiring real estate.
The services that can be provided in your search for an ideal property would include, in addition to others, determining the best choices that would meet your needs and to guide you through the pertinent procedures such as the Promise to Purchase and all related aspects in order to bring your purchase to a successful and satisfactory close.
Visas are another aspect that law firms can assist you in as, in addition to the regular tourist visa which is readily available, there are several other options depending on your personal status, such as the Retiree/Pensioner Visa that only requires proof of a permanent income of US$500.00 per month plus US$100.00 per dependent that will allow you to have permanent residency as well as being eligible for various retiree discount ant tax exemptions. Applying for a Pensioner Visa is relatively simple with the help of your chosen lawyer, and choice of many foreigners wishing to reside in Panamá.
FURNITURE STORES IN PANAMA
By Paul F. Pinchong
Once you have become the proud owner of your new home, you will surely want to have the most impressive and beautiful furnishings available to enhance your living and dining rooms, bedrooms, balconies and kitchen to make them all areas of enjoyment in keeping with the lifestyle you always dreamed of. To meet your needs, Panama City has a multitude of fine stores featuring top quality furniture and accessories with a variety of models available.
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If you tend to like classic-style furniture, you will be able to find exquisitely crafted and beautifully upholstered living and dining room sets, as well as rugs, curtains and/or blinds to match. Likewise, if you are more inclined to modern designs, there is also a broad selection of furniture featuring plush cushions in a wide choice of colors to complement the décor of the surroundings. For your bedrooms, there are several options to be found, including colonial-style beds as well as impressive modern platform-style beds in king and queen size with plush top-quality mattresses designed for your sleeping comfort, and night tables and dressers to match.
Your kitchen cabinets, counters and islands can be found with attractive woodwork. Many stores also feature cabinets imported from Italy for those who want an extra touch of class. Of course, granite and marble countertops are available for kitchens and bathrooms.
Another option at hand is having your furniture custom-made as there are many skilled and experienced craftsmen who turn out really beautifully designed work with intricate carving in fine woods such as mahogany and others.
So what does Panama offer? See for yourself.
A Service-Based Economy
The Panama Canal, a well established banking center, trading, and ever growing tourism, are the main focus of Panamanian economy. The well developed service sector accounts for almost 80% of GDP. This includes banking insurance, container ports, flagship registry, health and other services. Many new construction projects have stemmed from Panama’s assumption of the Canal’s management also.
Globalization.
Panama has had a leading position in world trading since its discovery by the Spaniards whom immediately noticed the advantage of its unique geographical position. Today, the Colon Free Trading Zone is actively responsible for this to continue. This trading showcase, situated strategically at the Atlantic gateway to the Panama Canal, is the largest of its kind in the Western Hemisphere and is dedicated to re-export an enormous variety of merchandise to Latin America and the Caribbean, attaining US$ 6.5 billion in 2005. According to an analysis of figures done by ECLAC on Panama´s trade, The Free Zone accounted for 92% of exports and 65% of imports in 2006.
Foreign Real Estate investment has experienced a large growth in recent years. Panama has rapidly become known as one of the best places to enjoy retirement and a most interesting tourism destination. The increase of foreigners relocating in Panama’s country is notable a large portion of these are retirees, but not all are, there are those acquiring properties to establish businesses . Are you wondering why? Here’s why:
The government offers retirees programs that enable foreigners to apply for retiree’s visa. With a minimum requirement of US$500. monthly income, a foreigner may be eligible for
This special visa, and also be entitled to discounts on goods and services, including loans for property acquisition, utilities, home mortgages and professional fees.
As there are no mandatory special permits, registration or authorization, investing in real estate becomes quite an easy task.
Depending on location and type of property you may be exempt from real estate taxes for terms that range from 5 to 20 years.
Panama’s economy is solid, considered the financial center of America, Panama hosts an estimated amount of 150 international banking centers, in addition assuming the control and management of the canal has resulted in a rapid growth of its GDP and according to experts the enlargement of the same is expected to cause more growth in the near future.
Currency is stable in Panama as the legal tender is US dollar.
Crime rate in Panama is low enough to offer safety to investors.
Current cost of living in Panama is still considered low in comparison to many other places. Having goods, services, utilities, entertainment and materials at affordable prices,
becomes an advantage, leaving possibilities open for other investments.
There are so many things to do and so many places to see in Panama, that your property will never be idle, you will surely not lack offers for rental.
Health Services in Panama are among the best in Central America at affordable prices, so living here is also safe health-wise.
Panama is not overpopulated in fact there are many areas that are yet to be developed offering immense possibilities.
Aren’t these the ten best reasons to invest in Real Estate in Panama?, seize the opportunity now while there’s still time.
