Businesses

There are many people who come to Panama to invest in a business and this is one of the legitimate ways to obtain a residency visa. Panama has a very attractive regulatory climate for many types of businesses and gives incentives and tax holidays for those willing to invest in certain sorts of activities. Tourism is one of those businesses and while the incentives for people investing in hotels in Panama city are now over, for the rest of the country they are intact.

So if you have always wanted to own your own Bed and Breakfast, or small hotel find the property of your dreams and either renovate what you find or buy it completely renovated or build to suit, the choice is yours. For those who build, or renovate extensively, there are up to 20 years of property tax exoneration. You may even be able to buy one where all the work has jut been done and you will still have 18 years of property tax exoneration left. But the tax exoneration does not end with property tax exoneration. The income earned from tourism activities is also tax exempt in certain circumstances, so this is the sort of business where the government is your partner.

There are franchises available and many ares where opportunity for the right franchise is till available. Mail boxes Etc. is a popular business franchise, as are many of the American food franchises. Some are already here but many are missing, so look around. Opportunities abound.

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