caribbean panama real estate


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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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Luring the foreign investors: the Panamanian government has done and is doing its share of homework to lure the foreign investors to invest heavily on the Panama shores. Its convenient tax policies is a further add on that allows investors to avail of tax breaks on houses, landed properties, condos etc. the newly constructed houses and apartments come with a bonus of making the grade for 19 year long release from tax payments. One could avail of additional immunity if they have bought lands and have planted trees on it, by becoming eligible under the reforestation tax exemption policies.


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