Panama Offshore Legal Services Blog

Moratorium for Property Tax Payment Extends to December

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Big news for property owners in Panama affected by recent legislation on property taxes. After a lengthy session of the Panamanian National Assembly, an extension was approved for the moratorium placed on penalties for property owners who own late real estate taxes. This moratorium was extended to December 31st, giving these property owners who haven’t paid the tax the ability to do so without penalties or added interest. This is good news for many in Panama. According to a press release from the National Assembly “the moratorium extends to interest, fines and surcharges that are generated by the non-payment of the single rates of private companies and foundations constituted and duly registered in the Republic of Panama.” Continue reading »

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Immigrating to Panama from South Africa: What you need to know

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For many in South Africa, the turmoil and uncertainty of recent years has become just too much, and staying put no longer seems like a good option. Right now, thousands of landowners in South Africa are under danger of either losing their land, or even worse, their lives, with no immediate end in sight, and little aid from the outside world. As chaotic as life is in South Africa, the resilience of its people is inspiring, and people are taking action into their own hands, and making the choice to emigrate. While this choice is never easy, it’s the best bet for those who want to improve their lifestyle, increase their safety, and continue to grow professionally, or as investors.

While there are many great options around the world for South Africans when it comes to emigrating, one place keeps popping up at the top of the list for people of all ages/backgrounds. That place is Panama. Continue reading »

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Renting vs. Buying in Panama: How to make the best real estate choice

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If you’re planning on relocating to Panama, whether for a short or long period, you’ll need to decide whether you want to rent or buy Panama real estate. Both options have a lot to offer, and both can be financially beneficial depending on your lifestyle and circumstances. If you’re looking to rent or buy in Panama, you’ll need to do some due diligence first. The Real Estate market in Panama is diverse and has an abundance of new properties, both in the cities and the suburbs. From luxury skyscraper apartments, beach houses, estates, family homes, and suburban condos, Panama has it all, to buy or rent. Here are some quick tips on how whether you should rent or buy in Panama. Continue reading »

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5 Hot Spots to Buy Real Estate in Panama

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Are you looking at investing in real estate in Panama? There are plenty of great options for buying real estate in both the commercial and residential sectors, in many different provinces, cities, and districts spread throughout the entire country. Though the market is full of great buys, and lots of diversity, there are some places that stick out more than others. Here are our top five picks:
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A Panama Renaissance in Casco Viejo

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Panama’s historic “old city”, known as Casco Viejo or Casco Antiguo by some, is going through an incredible renaissance these days. It’s the #1 most visited area of the country tourism wise, it’s home to many of Panama’s best restuarants and bars, it has walkable small beaches, plazas, parks, and is where the seat of government resides in the nation. It’s grown, once again, into the cultural and entertainment center of Panama City. But it wasn’t always this way. Casco Viejo has gone through many layers of change over the past few decades. In fact, it’s gone through this time and time again over the past few centuries. Right now, the neighborhood is in full-on boom mode, and more importantly, a cultural renaissance.
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Buying Real Estate in Panama

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Have you been considering buying real estate in Panama as an investment, or as your next home? Real estate in Panama is quite popular for international buyers, with a growing market in both new and old properties, and long-term rental potential all over the country. Real estate in Panama is diverse, dynamic, and can truly fit any budget, as long as you know where to look, (and more importantly) what you’re looking for. The hardest part for most people when it comes to buying Panama real estate is getting the whole process started. How do you find the properties? How do you get info on the local market? Most importantly, how do you know if what you’re getting is worth it? Don’t worry, that’s what we’re here for!
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Panamas Pacific Beaches are Popular as Ever With Retirees

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Retirees heading to Panama tend to find themselves with many types of communities to live in that suits their taste. More and more, however, they are choosing the “Playas” or beaches area of the central Pacific coastline. This area consists of three primary towns: Coronado, Gorgona, and San Carlos. Though retirees live up and down the coast in some other small towns as well, this is where you’ll find the largest concentration of expats, and the most infrastructure as far as residential developments, shopping, and food/drink/entertainment services. If you’re looking for a quiet, natural, upscale beach life that’s about an hour or so from Panama City, this may be your best bet. Here’s why.
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Investing in Panama Real Estate: Stability is king in this market

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Have you been thinking about investing in Panama? Good call. Panama has had an incredible ten years or so when it comes to foreign investment, and it’s still growing as we speak. One of the biggest areas of growth and profit returns is real estate. Panama’s real estate market has been steadily building on itself for the past 4-5 years, with many new projects still slated, and plenty of investment opportunity spread around all sectors. In real estate, timing is everything, which is why having a stable market opens so many doors. Panama’s market is far less volatile than other popular expat investment countries in the region, and this lends a lot to the value (and returns) on Panama properties. With a stable market, you can buy into Panama real estate without such a high-risk investment. The results, well, they speak for themselves. Continue reading »

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Buying Property in Panama: What you need to look for

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If you’re planning on moving to Panama or investing in Panama, you’ve most likely considered buying property in Panama. The Panama real estate market has been one of the region’s hottest over the past ten years, and for good reason. Panama is ideal for real estate investment, whether you’re full-time, part-time, or just want to make a financial commitment. There are properties of all types and all prices, with new construction booming in pretty much every sector. Buying property in Panama, like anywhere else, does require a bit of research, however. You don’t want to rush your decision or make a bad choice that will cost you time and money. Here’s some valuable info that will help get you started. Continue reading »

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The Amador Causeway: Panama’s Luxury Canal Escape in the City

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Panama City is a packed metropolis, known for its hustle and bustle, business center, and luxury residential, office, and hotel towers. These have become the public face of Panama City, and the iconic symbols of a city, and country on the rise. But if you talk about the history of the city, the Canal, and how it’s been settled over the years, you’d be remise if you didn’t highlight the Amador Causeway. The Amador Causeway and islands lay on the far south side of Panama City. The islands are connected by a thin strip of land, and subsequent avenue that connects them with the city, and have a rich history and bright future ahead of them, all in one. For years, Panamanians have been using this part of the city as a refuge from the hustle and bustle; a place to live or spend the day on the water, just minutes from downtown. Continue reading »

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