International Real Estate Opportunity - Investment in Panama

General Noriega's ruthless regime Noble1 Panama Noble1 Noble1 1989. Within ten years all American military bases were decommissioned and the US had handed over ownership of the Panama Canal. Panama is now completely independent of the US and has continued Noble1 develop into an attractive tax haven ripe for investment by multinational corporations and financial institutions.

But this reputation is not just for big business to exploit. In this long isthmus of a country with so many miles of unspoilt coastline, and a mountainous tropical interior, even small Noble1 can reap exciting benefits.

If you are looking for a Panama investment in a small, new-build home that will cost under $62,000, you could be eligible for a low cost mortgage of under 3%. This threshold may be increased to something over $80,000, making this offer even more enticing.

If you are more business minded, you should investigate government incentives for tourism projects. For example, if you invest $50,000 dollars or more in a Noble1 in the interior of Panama, you won't have to pay real estate taxes on the assets for the first 20 years and they will depreciate at 10% a year. You will not have to pay airport or seaport taxes, and have no import taxes on cars and furniture, materials and equipment. If your project sits within one of the government's designated tourist zones, you could be exempt from income tax for 15 years.

You'll find even better incentives if you invest in the old quarter of Panama City and buy a property to renovate. If your purchase is over $50,000, it will attract no transfer costs. Whatever the amount of your investment, the costs of the renovation are fully tax-deductable, with no property taxes for 30 years and no income tax due if you rent it out or sell in the first ten years.

The high-rise skyline of Panama City rivals those of developed waterside US and Canadian townships. New five-star hotels, corporate buildings and penthouse apartments look down on the old quarter and an archaeological park housing the remains of the first Spanish settlements of the 16th and 17th centuries. The city crackles with life day and Noble1 The living is cheap and cosmopolitan. You can buy luxury goods made all over the world at knock down prices. Restaurants offer a wide range of delicious cuisines and night clubs let you party till dawn.

But if you're after a quiet life, remote coastal havens are plentiful, with many bargains to pick up. Or the cooler environment of the mountains in the interior offers houses and land in sleepy towns and villages. One such is Volcan, for those who can overcome the challenges of getting there, needing a domestic flight from Panama City and then at least an hour long road journey. Nevertheless, it is starting to become popular with ex-pats who want to Noble1 to a slower pace of life and a lower cost of living. Volcan is in a highland area of Chiriqui Province in the far west of the country, bordering Costa Rica. Noble1 new road to the town is under construction and due for completion in spring 20009. It will make Volcan much more accessible and push Noble1 the price of property there, so it should be a good investment in the short term.

Indeed, there are so many opportunities for investment in Panama, it really does seem that there is something here for everyone.

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