Panama and Real Estate Investment Opportunities
The benefits of Real Estate Investing in Panama
Panama, the land dubbed as the 'Bridge of the World' holds more than its fair share of opportunities when it comes to different business ventures. It is an ideal place for trade since the Panama Canal has been created. The countless beautiful beaches and islands dotting the place attract tourists and visitors from all over the world. Fishing and water sports that are found in the place attract tourists of all ages. The rainforests with countless different flora and fauna species also draw enthusiasts of these unique interests. Just the thought of the delectable array of seafood is enough to draw connoisseurs of taste. The countless bars and restaurants jostling with samba music draws the party-goers and the like to the heart of this wonderful land connecting Central and South America. Truly, there can never be another place reeking with enough opportunities to earn for a comfortable and happy lifestyle.
Panama offers various benefits for those who put down their roots on the land. The first benefit of settling down in Panama is the superb climate. You get to bask in the warmth of the sunshine and the cool breeze of the air as it blows from the ocean. The climate virtually guarantees that you enjoy each and every day spent in this exotic land. Panama also offers a lower cost in property development. You get to enjoy your money's worth because you spend less than what you will likely pay out when in another country. The cost of living is also low when compared to the mainland. In Panama, you can buy products that are cheaper but are nonetheless superior in quality and condition. Foreign-earned Income and Interest Incomes are also non-taxable in this country, cutting your expenses on tax in half.
Panama also has strong secrecy laws applied to their banks so you get to deposit your money without fear of losing it. The English language is the primary language of communication here, so you do not have to fret so much when dealing with the locals. The currency is also the US Dollar, making it easier for tourists to adjust. Not only that, the crime rate in this place is very low when compared to other countries. You get to live in a beautiful place with the added bonus of security. What more can you ask for?
Here is another bonus when living in Panama: any Panamanian living in the territory that is 57 years old and above for females, or 62 years old and above for males can avail of various discounts from recreational activities like going to the movies or eating out. They also get to enjoy discounts in airfare tickets and medical services as well. Home utilities like the electricity, water and telephone also provide discounts for the retirees.
So if you are thinking of settling down and purchasing real estate outside your homeland, why not consider Panama with all the benefits Panama offers, you can never go wrong if you choose this place.
About the Author
Smythe Bradley is an expat living in The Republic of Panama. He has published many articles on offshore asset protection in panama, panama visas and residency, as well as many other expat issues
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