Is there liability for real estate investors that “flip” (buy & immediately sell) properties?
The liability for real estate investors in Panama is limited. The main liability for real estate investors is capital gains taxes, which some people avoid through the use of Panamanian Corporations. As long as you deliver what is promised according to the terms of the buy/sell contract, buying and selling property in Panama is virtually liability free. So……..thinking of moving to or investing? Panama has long provided several important incentives for foreign investors, including: • US dollar-based economy ~ almost 2 : 1 ratio with the GB Pound • Low inflation and zero foreign exchange risk ~ extremely low compared to the UK and Europe • Total absence of exchange controls • Equal treatment of foreign and local citizens • One of the most flexible company laws in the world • No restrictions on 100 per cent foreign-owned companies • No restrictions on mergers, acquisitions or joint ventures • Excellent tax holidays for specific investments in sectors such as tourism, maritime, real estate,
