Hello! That's a great question. In Panama, taxes are the same on the property, regardless of it being owned by a corporation or a natural person. However, a property owned by a corporation may have some advantages in property tax payments. Say for instance, a property is purchased at a low registered value and placed under a corporation. It will pay the property taxes based on the Registered value of said property, regardless of what the share sale amount was. If you again sell the corporation (shares), at a higher price with a profit, the property value remains unchanged, and so will the property taxes (sales taxes are a whole different subject). I would suggest that if you are planning to purchase a property under a corporation, that you get in touch with a good Real Estate Law Firm who can explain to you in detail the pros and cons of these types of transactions.
Great video thank you sir very informative ! can you tell me if US$150,000 could buy a small one bedroom condo or bungalow near the beach and how much it would rent out for as an investment property thank you!
Hi good morning. Yes, you could get something near the beach for $150,000 which would probably gross around $8,000 per year and net around $5,000 per year. Round numbers of course
Oh no you said the dreaded word- HOA!!! That is one of the big things I am trying to get away from! Can't stand those unofficial cities that can charge and make rules what ever they feel like!
Thank you great info
I might be interested in buying the corporation. I want to learn more
No problem! Someone should be in touch with you shortly.
Thank you very much. So informative!
Glad it was helpful!
10% is insane.
Hello! That's a great question.
In Panama, taxes are the same on the property, regardless of it being owned by a corporation or a natural person.
However, a property owned by a corporation may have some advantages in property tax payments.
Say for instance, a property is purchased at a low registered value and placed under a corporation. It will pay the property taxes based on the Registered value of said property, regardless of what the share sale amount was. If you again sell the corporation (shares), at a higher price with a profit, the property value remains unchanged, and so will the property taxes (sales taxes are a whole different subject).
I would suggest that if you are planning to purchase a property under a corporation, that you get in touch with a good Real Estate Law Firm who can explain to you in detail the pros and cons of these types of transactions.
If you buy a corporation that owns the house, is the property tax rate(percent) different?
It's possible to buy home or flats in 100k in Panama City or near area.
Hello Idris, depending on the area but $100k would be considered very inexpensive near Panama City. Chorrera will be your best option!
@@PanamaequityRealEstate how far from city and you have some properties.there please give details.
Very informative video!! I have not seen this topic covered, so could you explain "Rights of Possession" purchase vs "Titled Purchase"? Thank you.
Great suggestion, stand by!
Great video thank you sir very informative ! can you tell me if US$150,000 could buy a small one bedroom condo or bungalow near the beach and how much it would rent out for as an investment property thank you!
Hi good morning. Yes, you could get something near the beach for $150,000 which would probably gross around $8,000 per year and net around $5,000 per year. Round numbers of course
Looking at a beach hotel for sale in Panama for my retirement. I’m Canadian. Currently working on paperwork to go down there and look at it.
Sounds great! Matt will be reaching out to you shortly.
How can I buy a property in Pedasi I m in USA and I thinking in retirement, but need to know, more about it,
Hello sir I'm looking for a private landlord in panama city to rent a house,any leads please
Oh no you said the dreaded word- HOA!!! That is one of the big things I am trying to get away from! Can't stand those unofficial cities that can charge and make rules what ever they feel like!
Hey how can I connect with you to buy?
we are at your service! Please feel free to reach out via our website at www.panamaequity.com
If you buy a house or an apartment in cash let say 100000 dollars , if you rent it to someone how much can you get a month.
@Andrea Ortiz any properties you have currently?