Panama offers an attractive incentive program for retirees, when coupled with it's warm, hurricane-free weather, low crime rate, US dollar currency, access to first-class private medical facilities and tax advantages, Panama is an excellent retirement or vacation home destination. A partial list of retiree incentives and...
Real Estate Law & Incentives
REPUBLIC OF PANAMALAW No.8(June 14, 1994) "WHEREBY TOURIST ACTIVITIES ARE PROMOTED IN THE REPUBLIC OF PANAMA"THE PANAMA LEGISLATIVE ASSEMBLY DECREES: CHAPTER I - OBJECTIVES AND DEFINITIONS CHAPTER II - TOURIST ACTIVITIES CHAPTER III - INCENTIVES AND BENEFITS CHAPTER IV - NATIONAL TOURISM REGISTRY...
Incentive Law for Casco Viejo The Decree-Law N° 9, by means of which incentives special rules were established for the restoration and revaluation of the Casco Antiguo of Panama, was issued on August 27, 1997. The due date for this Decree-Law was August 2002. However, in December 2001, the National Assembly of Panama approv...
According to Article 81 of Law 6 of 2005, as amended by Law 34 of November 9, 2005, improvements whose construction permit was issued on or after September 1, 2006 are exempted from paying property tax, based on the following table: Improvements for residential use Value of improvements (USD)Exemption years Up to ...
Panama real estate law distinguishes between two kinds of property: titled property public or state owned property Titled property is that property whose ownership, area, value, boundaries and details are recorded in the Public Registry of Panama. The Property section of the Public Registry contains a record sys...