Panama » Why Invest?

• The Republic of Panama is possibly the perfect objective for anyone looking for critical financial privacy and no taxes. Its closeness to the rising Latin American market ensures it a natural foundation for world business activities. No doubt Panama had a troubled history, but it is not right away under the thumb of either the United States or the United Kingdom.

 

• Panama is a country in a lot superior financial structure than its neighbours like Central American countries to the north and Colombia to the south. Annual price rises has attained 1.4% for the past 30 years. During the 1990s, it hardly surpassed 1% per year. There is the wealth made up by the Panama Canal.

• According to the Panama Canal Authority, the functioning of Panama Canal generated $630.8 million revenue in 2001. There are also thousands of acres of land from former U.S. military installations with calculated value of $4 billion.

• Panama is developing as a retirement destination, an adventure wonderland and an investment paradise.  It is simply stuffed with opportunities for the adventurous capitalist. Things are just start to be active. The government of Panama has established numerous eye-catching programs and extraordinary zones in order to appeal foreign investors to its coasts.

• In 1994, Panama authorized Law No. 8. It was the most up to date and general law for the endorsement of tourism venture in Latin America and the Caribbean. Since the law was ordained, lots of the world's biggest hotel chains have traversed to capitalize of it. But Panama's eye-catching tourism investment laws are not just for big business.

• Anyone by investing only $ 50,000 in a tourism project can take advantage of the enormous tax benefits and financial incentives available here.

• With a minimum investment of $50,000 anywhere in Panama's region, you obtain: 

1.    A 20-year freedom of any import taxes applicable on materials, furniture, equipment, and vehicles.
2.    A 20-year freedom on real estate property taxes for all belongings of the enterprise.
3.    An exemption from any tax levied for the use of airports and piers. Accelerated depreciation for real estate assets of 10% per year.

• If you start up a tourism- affiliated business in one of the particularly selected tourist zones, you can also get 15 year immunity on your income taxes.