Real Estate & Construction

In short: a foreigner can buy property in Panama with the same rights as a Panamanian, in their own name or through a company, without needing to reside in the country. The process runs through a promise of sale, a title search at the Public Registry, a deed before a notary and registration. The seller pays the 2% transfer tax and the 3% advance on income tax; the buyer bears the notary, registration and lawyer costs. Since Law 66 of 2017 the primary residence is exempt from property tax up to 120,000 dollars of cadastral value and is taxed at…

In short: for an investor from Puerto Rico, Panama has an advantage almost no other Latin American market offers: everything runs in US dollars from start to finish, with no currency exchange or devaluation risk, and under a territorial income tax that only taxes what is generated inside the country. Within that framework, the commercial projects of Grupo Los Pueblos (GLP), Santa María Business District, Panamá Viejo Business Center, Supreme Storage, Federal Mall in David, Albrook Mall and Westland Mall, have become a common diversification route for Puerto Rican capital. Radar Panamá sums up what each one offers and what…

In short: Oceana Residences & Sky Homes is a private community inside Santa María Golf & Country Club, about ten minutes from Panama City, with minimalist-design apartments, town homes and penthouses and views of the Pacific, the city or the 18-hole golf course designed by Jack Nicklaus. It adds a pool overlooking the sea, a gym, sauna, coworking space, wine deck and pet garden, inside a club with controlled access and more than 140 restaurants, schools, banks and hotels in the surroundings. Radar Panamá explains how the project is organised, which collections it offers and what kind of investor it…