What are the advantages of investing in real estate in Panama?
Panama has become one of the best options to invest today because it simply offers everything an investor could want.
It is noteworthy that investors are not only allocating resources to real estate, but also transnational companies are moving their headquarters to Panama to manage their operations in Latin America: this opens up the panorama that all these workers will also need to acquire properties to live in Panama.
Advantages of investing in real estate in Panama
1. Generate rental income
Renting a property is one of the main sources of additional income for investors, because they earn a monthly amount of money that can increase over time due to the appreciation of the area.
2. Possibility of buying at a lower price in the presale stage.
Pre-sale allows you to obtain a lower price for the property.
3. Profit generated by selling at a higher price.
Getting a property at an affordable price or through a presale will allow you to sell at a higher price later.
4. Obtain residency in Panama.
The Panamanian government grants residency to those who invest a minimum of $300,000 in real estate. It can take 45 days
5.Tax exemption.
Depending on the value of the property, the following amounts must be paid:
Between $0 and $120,000 = exempt.
Between $120,001 and $700,000 = 0.5% of value.
Over $700,000 = 0.7% of value.
At ba-lawfirm.com we have a specialized team willing to guide you in your real estate acquisition procedures in Panama, do not hesitate to contact us and we will gladly coordinate an appointment. You can contact us by our email consultas@ba-lawfirm.com.
