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The Benefits of Investing in Panama

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Tropical paradise is what many people think when they hear the word Panama. This South American country attracts a lot of tourists every year because of wonderful tourist destinations and friendly people. It is no wonder that many individuals from all over the world are looking into Panama Real Estate to experience beautiful beaches, wonderful seascapes, and magnificent views. What sets Properties in Panama apart from other places is their affordability and great potential for growth. But that's not all. There are more important benefits to owning a property in Panama. Read on.

Aside from the beautiful scenery and affordable beach properties, one big benefit of investing in Panama real estate is tax incentives. The government of this South American country offers 5- to 20-year tax holidays on property investments made by foreigners. The tax incentives, however, are dependent on the start of improvements and construction on the property. Furthermore, citizens of the US, France, the UK, and many other European nations can be assured that their properties in the country are protected because of Panama's bilateral investment agreements with these countries.

Panama Real Estate is also irresistible because the government allows foreign nationals to purchase almost all types of property in the country. Only a few tourist spots in the world allow foreigners to own properties in their locality. Perhaps the only thing that foreigners could not own in Panama is the rainforest found near the country's borders. Foreign nationals who want to retire in this country can do so without having to think about taxes. Unless you are earning money in Panama, you are not really required to file income tax returns even if you live in the country. It is not surprising that many senior European and US citizens are spending their retirement in the beaches of Panama. Besides, the hot weather is ideal for people who are suffering from arthritis and other pain-related illnesses.

Although Panama Real Estate is an ideal investment, particularly if you are shopping around for a relaxing retirement or vacation home, it is important that you take precautionary measures before buying properties in the country (or even in other places). Before paying any amount of money, you must check out the documents and see if the seller is the true owner of the property that you are buying. Also, make sure that there are no liens or other restrictions on the property title.
Insight Advisors offers a full range of Panama Real Estate services to local, national and international clients, owners and investors.

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