Real Estate in Panama

The American magazine International Living published the Annual Global Retirement Index 2023, a ranking of the best countries in the world for retirees planning to move abroad. The top three places are Portugal, Panama, and Costa Rica.

The ranking of the best countries for retirees is compiled annually based on criteria such as the ease of obtaining visas and residency, the accessibility and quality of medical services, benefits for retirees, housing prices, food costs, climate, ease of adaptation, entertainment, and opportunities for small businesses (retirement is not the end).

Panama ranked second. The results of these rankings help decide where to live after retirement and which countries to invest in. Panama stands out among the most comfortable countries thanks to its unique combination of low prices and excellent conditions for living and resting.

Panama tops the ranking of the happiest countries in the world:

This year, Panama topped the ranking of the happiest countries in the world.

In addition to Panama, the ten happiest countries include Denmark, Brazil, Costa Rica, Austria, Uruguay, El Salvador, Guatemala, Canada, and Sweden.

The company Gallup-Healthways published its ranking of "well-being." Countries are evaluated based on the well-being of their inhabitants, their financial situation, feelings of social security, life purpose, physical and psychological health, and satisfaction with family relationships.

Researchers from the Gallup-Healthways Well-Being Index released the ranking of the happiest countries in the world, where Panama ranks first with a considerable advantage.

Buying real estate in Panama has significant advantages: depending on preferences, distance or proximity to the city, favorable climate, various payment methods, and types of properties, and a clean environment. The acquisition of property in Panama includes the following benefits. First, the possibility of automatically obtaining Panamanian citizenship and passport, which grants visa-free access to most countries in the world, including Schengen countries. Second, a favorable tax system: many properties are exempt from property tax for 20 years. Third, a well-developed credit system. Obtaining a loan from a bank as a foreigner is no more difficult than for a local resident; you just need to demonstrate creditworthiness. Despite the financial crisis in Europe and the U.S., Panama remains one of the most promising destinations for long-term investments. Annual economic growth in 2023 exceeded 6%. Today, Panama has become one of the most important financial and business centers. The city of Colón in Panama is home to the largest free trade zone in the world.

There are more than 115 banks in Panama. Panamanian banks are in an excellent position and are a safe place for investments. In the real estate sector, there is no freeze on construction projects. Panamanian banks continue to successfully grant mortgages. Panama's economic growth does not stop, ensuring jobs for Panamanians, especially in finance, construction, and tourism.

CHECK OUT THIS INTERESTING VIDEO ABOUT PANAMA!

Property Tax in Panama

If you acquire a new property, it will be exempt from tax for the first 20 years.

Economic growth in Panama exceeded expectations. By the end of 2023, the growth of the Panamanian economy was around 6%. According to statistical data, businesses in the Atlantic Free Zone, at the entrance to the Panama Canal (Colon Free Zone), show consistent growth.

In the future, Panama will experience a tourism boom, leading to an accelerated purchase of Panamanian real estate. Currently, professional investors are arriving in the country with the intention of making substantial profits.

We are pleased to offer the following
services to all our clients:

- Consultancy in the selection and purchase of real estate at the best price, selection of investment projects.
- Management, administration, and rental of properties in Panama.
Formalization of real estate in Panama, collection and preparation of documents, verification of legality, checking registration in the public registry, registration of properties in the name of a company (if necessary).
- Calculation and management of all annual payments of property taxes.
- Design services for decoration (houses, villas, duplexes, apartments).
- Private insurance, property and vehicle insurance.
- Assistance in obtaining residence, visas, and Panamanian citizenship.
- Opening accounts in Panamanian banks, obtaining bank credits, opening offshore companies, creating small businesses in Panama, legal services.
- Organizing tours to Panama, booking hotels in Panama City and tourist areas, at no cost. Consultations about tourist attractions, airport transfer to Panama City, and many other services we offer at no cost when buying properties with our company.

We guarantee the legal purity of the transaction, as each stage of the process is controlled by our specialist. You receive a service package at a minimal cost, and we gain another satisfied client. This is how we build mutually beneficial relationships with all who seek our help.
With us, it is comfortable, safe, reliable, and always confidential.

Why Panama?

1. Safety. In Panama, the crime rate is low compared to other countries in the region.

2. Attractiveness. Proximity to two oceans makes Panama very appealing to beach lovers. The natural beauty of Panama is also noteworthy, often called a Tropical Paradise. Panama is a quintessential tourist country. English is the second language of the country, and Panamanians are known for their hospitality and kindness.

3. Stability. The currency of Panama is the US dollar. Through the Panama Canal passes 6% of global trade. The economy of Panama will always be stable. It is no coincidence that Panama is known as the "Switzerland of Latin America." Panama is a democratic country with a stable political system, free from coups.

4. Panama is cosmopolitan. The modern city of Panama is famous for its high-rise buildings in Punta Pacifica, its beautiful Balboa waterfront, luxury hotels and villas on the coast, and is also free from hurricanes and earthquakes.

5. Attractive for investments. Attractive prices for real estate. By making an investment of $300,000 or obtaining a loan from a Panamanian bank, you can obtain Residence, and later a second passport from the Republic of Panama, which will allow you to visit 35 countries without a visa. Moreover, your investments will always increase in value.

6. Panama has a very modern and affordable healthcare system compared to countries like the United States and Canada. Additionally, it has an extensive health insurance system.