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Found 8 results

  1. The owners of apartments or real estate that are subject to the Horizontal Property Regime in Panama, have the obligation to pay taxes, related to their individual real estate unit, as well as regarding the land on which the building is built. Here we are going to explain why you must pay taxes for your condominium under the Horizontal Property Regime, even if you have a tax exemption for the apartment. In Panama many years ago, most of the owners of an apartment (which we will now call PH) took into account that if the value of their apartment was less than USD$30,000, they did not have
  2. 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
  3. What should I do, sell the shares of the corporation I own or just transfer the title of my property to the buyer? In this week’s blog I explain you two very common situations which only apply to Panamanian corporations (SA - sociedad anónima) since private interest foundations have no legal framework to "sell" a foundation because they are originally used as a living will, for estate planning purposes and therefor the transfer of a foundation is not regulated (from a tax point of view), but this would be a topic for another blog. If I wish to sell my property, that is to say, transfer th
  4. 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
  5. Newly available! Condo for rent in downtown Boquete. Approximately 1300 square feet of living space with two bedrooms, two full baths, fully furnished, fully equipped kitchen, and balcony patio. Great location -- you can sit on the balcony and watch all the parades and cabalgatas as they go by. You are right downtown and walking distance to everything, so no car necessary! (Lot parking is available if you do have a car.) Rent is $1100.00 per month and includes all utilities along with high-speed internet. Available for immediate rental!
  6. Condo for rent in Boquete Valley of Flowers. 1400 square feet of living space with two bedrooms, two full baths, fully furnished, fully equipped kitchen, beautiful large patio with view of the Jaramillo Mountains. The neighborhood is a quiet gated community on Volcancito Road 1/4 mile from the Boquete-David highway. No car necessary! Rent is $900.00 per month, and the condo will be available for rent starting June 15. For questions and to schedule an appointment to view the property, please contact Ana Kendrick at VIP Property Managem
  7. Hello, We are moving to Boquete in July/August of 2016 and we are looking for a 1 year rental. Our ideal requirements are the following: Pet Friendly - we have two dogs and a secure backyard or option to install a temporary fence is preferred. 3-4 Bedrooms Area - would be nice to be in walking distance (1-3 KM) of Boquete downtown, but also open to slightly further distances for the right house. We won't need the house until July at the earliest, but if anyone knows of something that will be coming available, please let me know.
  8. Magda Crespo Insurance offers every type of insurance, health, auto, life, property, with integrity and customer service. English speaking staff can help you with all of your insurance needs. Office is located at Plaza San Francisco, open 8:30 to 4:30 Monday through Friday (closed 12 to 1:00 for lunch). Phone number 720-3240.
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