Investing in real estate in foreign countries is one of the best ways to save your assets. Global economic crisis and fluctuations have forced even the biggest banks in U.S. to announce bankruptcy, causing further problems for holders of bank accounts, corporate stocks, governments bonds and other commodities. However real estate is an asset, which enjoys growth and capital appreciation year after year, also often providing rental incomes.
Diversification of assets on the worldwide basis is often the safest way of asset protection. In this way real estate in Panama is a good choice as the local economy has been growing for a good decade now, even when the worldwide economic crisis began in 2008.
Another purpose of global asset protection is to prevent them being seized by the authorities in the home country of a client. Often it is a necessary rule to report foreign real estate as a taxation matter, although Panama is not the case. Real estate in Panama cannot be seized by the decision of the court from other countries. Civil judgments in other countries are not recognized in Panama and there is no law that gives foreign judgment to confiscate assets owned by a foreigner.
Thus, foreign residents in Panama can sleep well not thinking about the safety of their assets. Buying property in Panama will give you certain level of security and income, all you will have to do is to watch it grow gradually. Before investing in Panama real estate we advise you to consult with professionals with a local juridical and real estate professionals.
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If you have any questions about real estate in Panama, please contact us.
