tion VIP Tour, and it’s always best to get your “boots on the ground” when buying real estate investments. NO. 4 Affordable “Plan B” homes. Many investors are also looking for “Plan B” opportunities. This demand has become even more prevalent during the pandemic with more people purchasing second homes in global destinations. Plan B investing is where people from any country are looking for at least residency in another country or potentially citizen- ship (where they can have dual citi- zenship) and a second passport. Pan- ama makes it easy to get a temporary tourist visa. You can also get a second residency quickly within 60 days if you invest in at least $300k in real estate and begin the process of qualifying for a passport after a five-year resident status. Most other residency pro- grams require a two-year timeline to achieve the resident status. NO. 5 Affordable living based on U.S. dollars with great tax breaks. The average cost of living in Pan- ama is very affordable compared to most U.S. cities. The range is $1,120– $4,000 per month, making it an excellent option for expats, retirees, and an increasing number of digital nomads. It’s also a U.S. dollar-based economy, and you do not need to speak Spanish. For real estate inves- tors, there is a high demand from renters who are visiting or relocating. Panama’s legal and tax structures also make it a great tax haven. Pana- ma does not impose income, corpo- rate, capital gains, or estate taxes on offshore entities that only engage in business outside of the jurisdic- tion. We recommend talking to a tax advisor as laws change to find out what applies to your personal situ-
ation. In addition, since we are not licensed agents, we do not provide legal, tax or financial advice. Overall, real estate buyers can still find highly desirable investment property in Panama for about 30-50 percent less than a comparable property in many areas of the U.S. Consider these reasons for why Pan- ama makes sense now for global real estate investment diversification. •
EVIE BROOKS (Atlanta, GA and Veracruz, Panama) is a former “Rich Dad Poor Dad” Advanced Trainer, Real Estate Educator/ Investor, and My Panama Vacation Realty
Founder, who has guided thousands of investors for 24+ years through the process of locating, evaluating and analyzing transactions for cash flow and ROI (Return on Investment). Evie has been a keynote speaker and trainer in 13+ countries and 30+ states in the United States. As a disclaimer, Brooks and her employees and affiliates are not investment or tax advisors, and do not offer investment advice. To learn more, visit https://eviebrookspanama.com/
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