Frequent Questions (FAQ)
Q. Can a US citizen buy a property in Panama?
A. For you as a US citizen is possible to buy a property in Panama rather with your own money or get a local mortgage after fulfilling all the bank requirements to get a mortgage, you can buy directly under your name or under the name of a Panamanian corporation, foundation or trust.
Q. Do have Panama property rights for foreigners?
Yes, Panama have property right and legal ownership of resources and the way those can be used, in Panama individuals can exercise private property rights or the right over private persons to accumulate, hold, delegate, rent, or sell their properties regardless of nationality.
Q. How is the Panamanian taxation for foreigners?
Panamanian citizens, residents, and non-residents are taxed only on their Panama source Income. Regardless of nationality or residency status, you are not required to report worldwide income for Panama taxation.
Q. Is the Panamanian digital nomad visa for all Nationalities?
Yes, is for all nationalities if it is for all nationalities as long as the candidate meets all the requirements for the digital nomad’s Panamanian visa.
Q. Is Coronado, Panama a good place for expats to settle?
Coronado is one of the favorite places for expatriates to live in Panama since it is a community that since the 70s has provided beach shelter to Americans who lived in the country, over the years it has become a beach community with greater development, it has the same businesses that are found in Panama City, banks, schools, hospitals, restaurants, shopping centers, hotels, cinemas, nightclubs among others, added to its proximity to Panama City that is just 50 minutes driving from the city.
