Panama
Welcome to Panama, a country where the concept of exotic begins in its name, which means "abundance of fish and butterflies" Come to where the sun, adventure, mystery, opportunities (business or leisure) are also abundant. Known as “The Bridge of the World”, where modern cities meet with nature's beauty and where there’s always something new to discover.
As a property investment it is still for sure an emerging market. The beauty has never changed but the financial incentives now offered make it appealing for an investor as well as a holiday or retirement home.
Capital: Panama City
Language: Spanish
Currency: Balboa, U.S. dollar
Religion: Christian, Catholic
Time zone: (UTC-5) - Summer (DST) (UTC-5)
Buyer’s Guide
Please refer to an independent lawyer and buy through a bona fide developer with title to avoid pitfalls.
The property taxes in Panama are based on a sliding scale with lower-cost properties paying less and more expensive properties shouldering a heavier burden. Panama Properties that have a registered value of $30,000 or less don't pay property tax. Panama Properties are taxed 1.75% between $30,000 and $50,000; a tax of 1.95% is levied for property values between $50,000 and $75,000; and 2.1% is charged for any property value above $75,000.
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