caribbean panama real estate

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Convenient tax policies: freedom from stringent tax policies comes as a boon for investors, for those who procure a property in any area with the design in mind to build a private lodging in future, will not have to pay taxes for the home in the next 20 years to come. These eventually allow individuals to purchase property without compromising on its quality and not settle for the cheaply built assets. An individual or an investor can first invest in buying a property, then build beautiful homes or private offices and later on if they wish so, they can sell off the same all exclusive of tax payments! This makes an allowance for the sale of property for a greater value than it was bought for, that too without the necessity of paying taxes.

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Panamanian visa Requirements: for many countries the Panamanian Immigration has waived its earlier visa requirements. Therefore its advisable to check with Panamanian Consulate in your country before applying for a visa, for a visa may no longer be required. Usually a tourist card is adequate and it can be procured at the airline ticket counter (before boarding the plane) or at the Immigration Office at the Tocumen international airport once you arrive at Panama. These tourist cards afford 30days validity and one can get them renewed and avail a two months extension if a request is submitted at the Immigration & Naturalization Headquarter at Panama City, 7 days before the expiry of 30days.

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