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.
The Ministry of Commerce released the fiscal benefits for multinational companies that set up in Panama via a International Publicity campaign.
Companies in the Free Zone are demanding the same tax treatment as that enjoyed by multinational companies who set up in the country.
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.
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.
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