Posts tagged Hidden Paradise
Why Buy and Live in Panama
Oct 29th

From its pristine white sand beaches and Hispanic colonial ruins, to its untouched primary rainforest and year-round tropical maritime climate; Panama City, Panama offers an ideal primary residential destination. Within an hour’s drive from Panama’s modern capital city, local residents can explore and enjoy the nation’s hidden paradise.
Whether living in Panama year-round or purchasing a vacation home, the ambiance and lifestyle this region offers is incessant. From its endless islands and inlets to its world-renowned tourist excursions including Parque Internacional La Amistad, Archipiélago De Bocas Del Toro, Boquete, Parque Nacional Volcán Barú and Parque Nacional Coiba, residents can benefit from the region’s healthy economy, cultural offerings and nature destinations.
The country’s most famous attraction is, of course, the Panama Canal. The canal has established Panama as not only the commerce center between the Americas, but also as an international business hub.
And since foreigners can own real estate under the same laws as a Panamanian citizen, the buying process is simple. If you are thinking of retirement, having a vacation residence, or investing in the real estate don’t hesitate to discover this hidden paradise. Currently, new properties have a 20 year exoneration period, where you don’t have to pay real estate property tax. This was established by the Panamanian government as an incentive for national and foreign investments.
Panama City is a thriving modern metropolis, making it an ideal location to purchase an investment condominium or retirement home. If you are considering real estate investment or retirement abroad, Panama presents an ideal opportunity.
