Tax Breaks and Instant Residency: Panama offers it all

Posted April 16, 2008

“A few weeks ago, a local newspaper in Panama reported that 15,491 new companies have been created through a single official government website that allows you to set up quick incorporations online. And that was just in the past eight months. The report barely raised any eyebrows in Panama.” — Bob Bauman

by Bob Bauman, The Sovereign Society

Baltimore – (TFN): A few weeks ago, a local newspaper in Panama reported that 15,491 new companies have been created through a single official government website that allows you to set up quick incorporations online. And that was just in the past eight months.

The report barely raised any eyebrows in Panama. It seems Panamanians are becoming used to this high level of prosperity never before experienced in the country’s history.

A major part of this prosperity can be attributed to real estate development and sales. The recent, ongoing real estate boom is by far the largest bonanza in Panama’s history. And more importantly, it still continues.

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Tax Breaks and Instant Residency : It all starts with cheap real estate

According to Jose Boyd, President of the Real Estate Agents Association of Panama, there are an estimated 250 new skyscrapers under construction in the Panama City area. Plus, builders have already filed applications for another 400 skyscrapers.

”Panama was a well-kept secret. We are now breaking records,” Boyd told El Nuevo Herald. Read on to learn how to receive immediate residency in Panama.

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