Panama

Panama is a country in Central America. The primary language spoken in Panama is Spanish. Panama is well known because of the Panama Canal, but it is equally known for its natural beauty and vibrant music and culture. Panama’s mild climate, thousands of miles of beaches, and lively night life is what attracts tourists year round. The major investment city is Panama City. Panama is a great country to invest in because of political stability, economic growth, and protected foreign investments.

Average ROI (Return On Investment)

• ~6-10%

Short Term Rentals

• ~Allowed with Permits
• ~Varied Regulations applicable

Taxes

Investment Properties
•  0%= less than $30,000
•  .6%= $30,000-$250,000
•  .8%= $250,000-$500,000
•  1%= greater than $500,000
Primary Residents
•  0%= less than $120,000
•  .5%= $120,000-$700,000
•  .7%= greater than $700,000

Insurance

• ~$150-$600 for Standard Apartments
• ~$800- $2,000 for higher value properties

Major Airports

• ~Panama City

Down Payment

• ~ Financing available for up to 70% with 30% down payment

Interest Rate

• ~7-8%

Type of Ownership

• ~ Title Deed

Property Management

• ~Flat Fee of $250 or up to 15% of rental income

Investment Visa

• ~ yes with a minimum of $300,000