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Panamanian tax laws offer
several comparative advantages for foreign investors, which,
added to other advantages in terms of labor, geography and
finance, make the Republic of Panama an ideal location for
constituting companies. Once established in our country,
these companies can undertake production activities that
originate in, depend on or are related to foreign countries,
i.e. offshoring.
Since the Panamanian tax
system is territorial, there is no national income tax on
income from foreign sources, i.e. from production activities
taking place outside the territory of the Republic of
Panama.
Our Firm has extensive experience in tax planning and
consulting, especially as related to offshore businesses.
Assistance with Buying and
Selling Property in Panama
Our Firm specializes in
offering our clients consulting and assistance in buying and
selling property in Panama, from a thorough search of the
property to be purchased in the Public Registry to preparing
offers, contract review, and negotiating with project
promoters, developers, sellers and/or buyers, as well as
preparing the final purchase agreement and recording it in
the Public Registry.
Likewise, we specialize in
preparing and obtaining the necessary documents for
recording the final purchase agreement, such as: drafts,
forms for paying Property Transfer tax, Capital Gains, Free
and Clear Property and Free and Clear IDAAN (water).
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