January 18, 2008
Panama Real Estate Investing
The time to invest in Panama real Estate is now. Panama Real Estate is experiencing and unprecented boom and there are many foreigners. The real reason this Central American Country is attracting tourist is that panama real estate is at such a bargain compared to the US beachfront or mountain properties it provides the perfect opportunity for investment for retirement living. Panama beaches boast untouched pristine sand and gently curling waves. Panama is also one of the best, if not the best, residency deals in the world today.OffshoreIt is debatable if Mexico is cheaper than Panama but they do tax offshore income in Mexico so it is probably more expensive for this reason alone and the crime situation makes it hazardous. Costa Rica is not really cheaper and has a serious crime problem plus there are no longer benefits for Expats and you would have to pay income tax on your offshore income like retirement, social security etc in Costa Rica. Unless you open a business that does business in Panama within the local economy or take a job in Panama you can plan on your income being tax exempt as offshore income.InvestmentThe real […]
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