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Offshore Investing in Panama

Apr 12, 2008
The people who truly love an investment opportunity are starting to realize that an offshore investment strategy that includes Panama must be part of any financial portfolio. In order to take advantage of the tax benefits that Panama offers to foreigners one first must understand what those taxes are and what investments are subject to tax.

There are many ways that one can go about investing in Panama. Once of the easiest, is offshore banking. Panama offers a great deal of banking secrecy and privacy protection. There are many secrecy laws in place that will assure that both your personal and financial information are secure and cannot be accessed by anyone. Additionally, when you opt to bank in Panama, you benefit from the low taxes and exemptions that the country offers. Panama is considered to be one of the tax havens of the world, and this makes it an excellent choice for banking offshore.

Others that are deciding they want to invest a little more, are investing in real estate in Panama. Though largely ignored in the past, Panama is becoming more recognized for the excellent country it really is. This is leading to many retirees opting to relocate to Panama when they retire. Others are deciding to move there even before retirement and establish residency, so that they too can receive many of the tax benefits that the area has to offer.

Panama's boom has had many positive side benefits as well since a lot of money is currently being put into upgrading the aging infrastructure. While it may not cost an arm and a leg to live in Panama there is still a fair amount of work that needs to be done to clean up the city and make it the world class center it can be. The amazing tax benefits and incredible incentives to foreign businessmen to relocate their operations to Panama make it an investor's paradise.

When you first purchase or build a new house, you have the benefit of not having to pay property taxes for a time period of up to 20 years. For existing properties, property tax is also based on a sliding scale and depending on the value of the property, you may be eligible for an exemption from a five to fifteen year period.

If you are looking to invest in Panama, now is the time to get yourself into the market. The economy there continues to grow and by investing now you have the potential to see a great return on any investments that you make. As more people continue to move to and invest in Panama, the economy will continue to strengthen and will be a great benefit to your investment.
About the Author
Find out more about offshore investment or offshore company incorporation at the author's website OffshoreLegal.org.
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