Panama has
an open door policy due to its growing economy and the need for outside
investors. Those of you in the USA who
don’t like the outcome of the recent presidential election and are considering
moving away, Check out Panama. Consider
the following:
If you have
an income coming from outside Panama, you don’t pay income taxes; only a 7%
sales tax on certain goods and services. Property taxes are mostly deferred on
high priced homes, nonexistent on homes valued under 35 grand, and none at all and if
you rent or lease -- nada!
Should you
choose to build a business here, the game changes and you will need expert
legal assistance.
A myriad of
ex-patriot communities have been established over the years. More are springing up each year. Sales of luxury
homes were flat for a few years but are gradually beginning to move.
There are
choices and consequences, folks. That doesn’t
mean you have to live with the choice of someone else. Come on down!!!
I can be
reached via my e-mail at the top of my Blog. I have lived here for eight years; for a
modest retainer paid to my Panamanian partner we can help you through the maze
of resettlement.
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