When considering relocating or moving to Panama one of the first things that you should consider is the real estate sector in it.

Many international investors might not realize that Panama City shares striking similarities with large American cities like Miami and Los Angeles in terms of the high-quality services it provides. Throughout the year, the city enjoys a tropical climate. An important portion of the population is multilingual, with English being widely spoken. The city boasts top-tier museums and dining establishments, coupled with a vibrant nightlife. Its economy operates on the U.S. dollar, something that makes it highly competitive compared to other neighboring countries. 

However, a distinct advantage of Panama over many American cities is its resilience against natural calamities. Panama remains untouched by the severe wildfires, droughts, or the devastating Category 5 hurricanes, given its location outside the Caribbean’s primary storm zone and its geographical shape.

These factors make Panama a very attractive place for tourists and expats alike. The real estate sector has been booming with constant development of new projects all around the country. Places like Costa del Este, Santa Maria, Boquete, and Pedasi all have seen growth in the last few years, in great part thanks to foreign investors.

The real estate sector in Panama is backed by a solid U.S. dollar based banking system that has nothing to envy to other world class financial hubs like New York or London. This is tied with the very comprehensive panamanian corporation laws that offers several options for investing and doing business in the country.

Furthermore, Panama´s immigration laws offer a streamlined process for those seeking to invest, retire or buy real estate in the country to obtain a permanent residency. This grants you the benefit to establish your fiscal residency in Panama, which means that any income coming from foreign sources will not be taxed by the panamanian government. Just after five years of being a permanent resident, you can apply to become a panamanian citizen and obtain your panamanian passport.

We can advise your whole relocation process, from purchasing the property to getting your permanent residence. Lets talk!