making money in panama

Making money in Panama

Bywww.Panama-Repossessed-Properties.com

http://www.panama-repossessed-properties.com/

There is a prosperous little country down on the isthmus that connects the

Americas.

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It has an economic growth rate that equals China’s.


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It has a big expat population and not all of them are retirees.


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And, some of the retirees in Panama still work, or at least invest.


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There are many investment opportunities in the land that connects North and South America as

well as the Atlantic and Pacific Oceans.


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Here are a few thoughts about making money in Panama.


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Panama Investment Opportunitiesfor Expatriates


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Panama has laws that attract foreign investment and foreign

talent to a tropical paradise with first world infrastructure.


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It is business friendly.


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For Latin American Investments, Panama ranks first in Latin

America in foreign investment per capita.


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Panama is taking advantage of the previously undeveloped parts of

the Panama Canal Zone.


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It is promoting assembly and export facilities and is upgrading its ports and container shipping

infrastructure.


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The “third lane” Panama Canal expansion is will be done in a

couple of years.


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This will allow the world’s biggest ships to pass from ocean to ocean

and avoid the costly trip around the tip of South America.


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Expect to see Panama Canal traffic increase and Panama

prosperity with it.


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As the business climate in Panama prospers so do

entrepreneurs in the nation.


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A number of online English publications are run by expats and

the owner and


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the editor of the most prominent English language newspaper in Panama City are both long term

expats.


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It is perfectly legal to own and run a business in Panama if you are

an expat from virtually anywhere.


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Doing Business in Panama


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It is perfectly legal for a foreigner to come to Panama, employ

people, open a business, and make money.


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He or she can make things or provide services, and prosper. It

can also be problematic to do business in a foreign location.


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However, as we said, Panama is business friendly and has few

restrictions on doing business in the country.


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Certainly, doing business in Panama is a lot easier for a Latino

expat from Caracas, Bogotá, or Barcelona


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than an English speaker from Chicago or Saint Louis but

because English is commonly spoken in Panama all things are

possible.


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Businesses can do well in Panama but remember that the pace of life, and business, are different in this

climate.


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A Venezuelan fleeing life under Hugo Chavez,


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an entrepreneur from San Jose, Costa Rica,


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or a businessman from Bogota may well have better intuition into

doing business in Panama City than even the son of a Cuban

refugee


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who was raised to do business in the Cuban community of Miami.


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Take a look at the Doing Business website.


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On this World Bank sponsored web site relating to worldwide

business Panama ranks 81st out of 181 economies ranked.


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Panama is eighth in doing business across borders and

twenty-eighth in getting credit for doing business.


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Within the Western Hemisphere Panama ranks 11th overall out of 31 countries. Panama ranks 73 in

dealing with construction permits.


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This can mean a lot of paperwork and waiting to get a project going,

make changes, and deal with paperwork in general.


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Because of the Panama Canal and the Colon Free Zone Panama does

especially well in foreign trade related matters.


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In other areas a foreigner will probably want a Panamanian

partner to help run the business.


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So, if doing business in Panama could be a chore what are the options for making money in

Panama?


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Doing Business Offshore from Panama but Living in Panama


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Not everyone living in Panama does business in Panama.


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It is perfectly legal in Panama to set up an offshore corporation, do

banking through a corporation, buy goods in Asia, and have them

delivered to Europe.


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Having an offshore entity in Panama means that money earned

outside of Panama is not taxed in Panama.


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Because of asset protection vehicles, such as a Panama

Private Interest Foundation,


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foreigners can own an offshore corporation headquartered in

Belize through a Panama foundation and bank in Belize.


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Visit us at www.RobertGirga.com for insight into making money in

Panama.


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Investing in Panama Business and Real Estate


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Panama is all about capitalism.


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It is perfectly OK to let someone else deal with workman comp

issues and social security


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while you purchase commercial real estate and


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have a professional property management company collect

rents and handle all details.


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When the thriving economy in Panama drives the price of your commercial real estate to higher

levels


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you can sell and reinvest in a new, promising location like


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the growing economy and currency of Colombia.


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The new Panama Metro Line 1 is due to start operation in a year or

so.


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Anyone interested in commercial real estate investment would do

well to consult


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the map provided by the Metro Authority.


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Think of metro stops as business centers and contact us at

www.RobertGirga.com


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for a hint as to where to look for commercial locations.


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Invest in Panama and Invest in Growth


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Panama offers great investment opportunity to those who pay

attention.


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Recognize it and catch it in time and you may do very well.


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Miss out and complain forever.


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While the world languished in the worst recession in three quarters

of a century Panama’s growth rate fell to 3%.


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But, even in a growing economy there are business failures.


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Consider investing in distressed properties.


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These repossessed properties are often brand new and are only

distressed in the financial sense.


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Couple this idea with a trip out along the metro line and you have

a business plan in the works.


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Protect Assets in Panama


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If you are interested in making money in Panama you may also be

interested in protecting your assets here.


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Consider a Panama Private Interest Foundation

.


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http://panama-repossessed-properties.com/what-is-a-panama-private-interest-foundation-i/




To a degree Panama is a tax haven, to the extent that if you live

in Panama but make money elsewhere that money is not taxed

in Panama.


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There are a number of ways of making money in Panama and

while in Panama.


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Pay attention to Panama’s economy, the housing and real

estate market, and other investment opportunities.


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Think about investing in property and letting some else meet the

public and meet payroll.


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For more information about making money in Panama contact

us at www.RobertGirga.com.


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making money in panama

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