Panama is one of the world's most visitor-friendly countries. It has the highest rating for tourist safety from the prestigious Pinkerton Intelligence Agency. Its people are warm, friendly and unspoiled. Panama has always been an international crossroad. Panamanians are accustomed to meeting people from other lands and English is our second language. If you are thinking of retirement, or simply having a vacation residence, don't hesitate to discover this hidden paradise.

Real Estate Investment

Since the U.S. dollar is the basis of the Panama currency, it makes investing simple. Major U.S. and international banks are well represented. Investment in Panama real estate can become very profitable. As the community grows, there is an increasing need for more lodging, stores, restaurants and tourist orientated services. In its effort to offset the losses from the Panama Canal and the closure of the military bases, the Panamanian government has created a host of incredible incentives to attract foreign investment.

The type and length of the basic incentive will vary depending on your particular endeavor.

    * 20 year tax exoneration, from payment of taxes on real property.
    * 15 year tax exoneration from the payment of taxes on the companies’ activities.
    * 20 year exoneration from the local ITBM sales tax and taxes on imported items, used solely for your tourist business. This includes no taxes on vehicles, furniture and any other items not locally available in equal quantity or quality and must be business related.