Asia as a Real Estate Market

Faced with an inevitable slowdown, Panamanian real estate operators are looking for new buyers in Asian TNCs.

Thursday, May 14, 2009

Sales have fallen by up to 40% in the housing sector and it is necessary to explore other market niches to offer existing inventory and continue growing.

Taking advantage of the incentives that Law 41 provides to firms that locate their regional headquarters in Panama, the Panamanian Association of Real Estate Brokers (ACOBIR) is making efforts to cultivate partnerships with real estate associations in other countries.

According to an article by Manuel G. Luna in Laestrella.com.pa, "The stakes are high. ACOBIR aims to attract companies like Lenovo, which is the fourth largest computer maker in the world and number one in the Asian Pacific."

More on this topic

Panama starts campaign to attract investment

January 2009

The Ministry of Commerce released the fiscal benefits for multinational companies that set up in Panama via a International Publicity campaign.

Laestrella.com.pa published that "The Multinational Companies Headquarters (SEM) allows foreign economic groups to expand their businesses from Panama via branches or subsidiaries.

Colon Free Zone Calls for Same Exemptions As Multinationals

December 2013

Companies in the Free Zone are demanding the same tax treatment as that enjoyed by multinational companies who set up in the country.

In light of a lack of an agreement for the the Colon Free Zone to recoup the payments owed to it by Venezuela and lift the taxes imposed by Colombia on textiles and footwear coming from this area, users have proposed a series of measures.

Panama following in the steps of Singapore

September 2008

With a system of laws to generate competitiveness and legal security for multinational companies, Panama is on its way to repeating the experience of Singapore and Switzerland.

Panama is strengthening its strategic position in Latin America as a commercial, banking, insurance, and logistical center by starting to repeat the first fruits of Law 41 (from August 2007), which provides incentives to international companies to set up their regional headquarters in the country.

Benefits of the Law on Investment Incentives

April 2012

Some 58 multinationals have settled in Panama in the past two years, particularly in the special area of Panama Pacífico, contributing $40 million with the start of their operations.

The Minister of Trade and Industry, Ricardo Quijano, said the opening of these 58 multinational operations contributed $40 million and multiplied opportunities for economic growth.

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