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Panama and the Coronavirus (Covid-19) Pandemic
Covid-19 Lockdown and Expanded Curfew Returns to Chiriqui and Veraguas

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Found 6 results

  1. Gomez Tomiczek
    Panama has always positioned itself as an attractive destination for expats, businessmen, retirees and foreign investors. Forty percent of real estate assets in Panama above USD$140,000 are purchased by foreigners. Despite the pandemic we can see that the Panamanian real estate market is going through a boom by international buyers. Work from Anywhere Both commercial and residential real estate market trends are changing due to COVID-19. Before the pandemic, digital nomads were a phenomenon of the digital revolution. Traveling and seeing the world with a flexible job working online w
  2. Gomez Tomiczek
    When investing in a real estate in Panama, it is necessary to consider several factors and numbers in order to analyze if the purchase you want to make is profitable. This is why it is important to foreign investors to understand how the tax system works in Panama and what types of taxes must be paid when investing in real estate. There are three types of property taxes in Panama, which I will explain in detail below. First of all, Panama does not have what is known in Germany as “Grunderwerbsteuer" (real estate purchase tax). That is to say, the fiscal code in Panama does not contain a t
  3. Gomez Tomiczek
    With the aim of increasing investment in the country and creating a positive impact to the economy hit due to the Covid-19 pandemic, the Government of Panama has approved the creation of five new free trade zones in the country, generating a combined investment of US$21.9 millions and more than 10,000 jobs. Some of the free zones are investments of Panamanian entrepreneurs and others of foreigners. The new free trade zones authorized will be located in the provinces of Panama, Chiriqui and Herrera. Three of them will be dedicated to agribusiness, with the objective of becoming impor
  4. Gomez Tomiczek
    Rights of Possession (ROP) or “Derechos Posesorios” may seem a simple way of investment...but they are not. In fact, they are more complicated if you really want to prevent a legal problem in the near future. In order to explain the difference between a property that has ROP and a property that is titled, we must first know how the Panamanian government legally creates a property. In simple words, the land from the beginning belongs to the government of Panama. Then the government "assigns" those rights so that there is supply and demand and the land increases in value as it passes from h
  5. Gomez Tomiczek
    The process of buying real estate overseas can be complicated, time-consuming, and stressful. But it should not be like this. Read our guide below on the biggest mistakes buyers make and how you can avoid them: Mistake #1: Location is Everything Almost everything can be fixed, but the location, the location, the location cannot be fixed. Buy location, NOT price. When investing in real estate overseas remember to do your due diligence and pay attention to the small details that can turn your dream home into the home of your worst nightmare. Before buying try to get information from d
  6. Gomez Tomiczek
    until
    Free consultations at GOMEZ TOMICZEK LAW FIRM (ENGLISH AND/OR SPANISH SPOKEN) Instructions: The consultations will be managed by a first-come, first-served basis. Our address in Plaza San Francisco (second floor), office #23, near Magda Crespo Seguros. The free consultations will be performed by Lcdo. Abel Gomez covering his different legal expertise areas, as: -Corporate and Commercial Law -Relocation Services and Migration -Foreign Investment -Asset Management -Maritime Law -Tax Law -Intellectual Property and Patents -Real Estate
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