gsinker
New Member
Panama continues to be an attractive destination for many as it enjoys constant growth and a healthy economy.
It is the fastest growing economy in Latin America, with GDP growing at faster rates than China (GDP growth rose 11.2% since 2006),and according to the International Monetary Fund, one of the fastest-growing economies in the world.
Most recently digging began for $5.3 billion the expansion of the Panama Canal, which will be a great boost for the country's economy expecting to double the $1.5 billion revenue stream already going to the country of just over three million people.
The country also provides several incentives to foreign buyers including a 20 year property tax exemption on any new property purchased as well as the possibility to obtain residency and a Panamanian passport after closing on property in Panama. There are also no restrictions on foreign ownership and property is fully titled and freehold.
It is the fastest growing economy in Latin America, with GDP growing at faster rates than China (GDP growth rose 11.2% since 2006),and according to the International Monetary Fund, one of the fastest-growing economies in the world.
Most recently digging began for $5.3 billion the expansion of the Panama Canal, which will be a great boost for the country's economy expecting to double the $1.5 billion revenue stream already going to the country of just over three million people.
The country also provides several incentives to foreign buyers including a 20 year property tax exemption on any new property purchased as well as the possibility to obtain residency and a Panamanian passport after closing on property in Panama. There are also no restrictions on foreign ownership and property is fully titled and freehold.