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There are many good reasons to purchase property in Panama, and the reasons are even more inviting if you are an offshore investor.  Panamanian real estate has retained its value even throughout the worldwide economic slowdown.  In addition, property can be purchased in the country using a variety of vehicles, from an individual purchase to an offshore investment trust.  Information can also be handled in a way that most benefits the client, whether they request security for privacy, tax or legal reasons.  

Buying offshore Panama property has historically been attractive.  Hundreds, if not thousands, of pieces of real estate are currently in the hands of offshore investors, either personal or corporate.  Items such as Tax Information Exchange Agreements (TIEAs) and Mutual Legal Assistance Treaties (MLATs) can be discussed prior to any purchase or sale so that purchasers understand how much information—if any—may be exchanged between various countries.  Of course, different treaties between countries require various actions in different situations, so this needs to be thoroughly considered before a purchase.  However, in many cases, offshore derived income may not be taxed, and there may be no capital gains tax or inheritance tax.  Knowing this information beforehand could save you thousands of pounds.

In many cases, purchasers decide to purchase Panama properties via a Panamanian Corporation.  Many real estate agents are familiar with a variety of legal firms that can quickly and efficiently set these up, and who speak your language.  With a Panamanian corporation set up, tax advantages can often be obtained, depending on the country.  In addition, it can make ongoing investment record keeping much easier, as income, expenses and net profits can be managed through the corporation.

Panama also offers a complete range of properties, from bare land in a variety of locations to condominiums and even agricultural properties.  Commercial properties have recently seen a resurgence, as have to-let types of properties such as villas and condominiums.  These can offer you the best of both worlds as you can let the property for its income-producing potential during most of the year, but ensure it is available for you when you decide to take a holiday.  Commercial properties, of course, can produce income throughout the year with generally very little oversight on your part.  Professional properties that can house medical or dental facilities are much in demand as the business community expands and more people arrive in Panama to live.

With Panama’s stable economy and dollar-based systems, transfers of money in and out of the country are quick and cost very little, and sometimes nothing, depending on the banks involved.  Finding titled property to purchase is not difficult at all, and if you spend some time looking, you will be able to find several very good deals.  The most difficult part may be deciding which of those great deals to purchase.

Finally, you have a choice of locations from oceanfront or high mountain areas to city and rural.  No matter what you consider the perfect type, you will find that property for sale in Panama.