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Starting a Business in Panama
This is where Panama
Investment Connections Excels!
The government encourages foreign business entrepreneurs to come to Panama.
There are many tax advantages and concessions for those willing to open a
business – whether it’s big or small. Having the right people assisting you
will ensure a smooth, quick start-up.
And this is where Panama Investment Connection excels! We
will walk with you every step of the way and make sure that you have the
best professional business team, comprised of the following:
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The lawyer. You want someone experienced
working with foreigners - preferably one who speaks English, if you
aren't fluent in the local language. The lawyer (or notaire) is the
one making sure you get what you pay for, i.e. property as described
in the contract with clean title, etc. This is the key player on
your team.
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The accountant. We suggest you have two.
Your tax burden, both at home and abroad, gets complicated once you
leave the U.S. Doing the right type of planning at the right time
will save you money.
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The banker. Financing overseas can be
challenging. Finding the right banker will determine how much
leverage you can use -- and more leverage can equal more profit.
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The developer (if you are buying in a
development). This individual has to be capable of fulfilling his
promises. Get to know him! If he has a vision and gets excited when
he talks about his project, then you probably have someone who will
complete what he starts.
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The real estate agent. You can sometimes
find the best deals by asking around in local bars if anyone knows
of a property for sale. However, this only works if you are fluent
in the local language! This means you will most likely need a local
real estate agent. Finding an English-speaking agent, though, could
be more difficult.
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The property manager. You need someone you
can trust to look after your property when you aren't there. For a
lot in a development, this could be the developer - until he sells
out and moves on. For a large piece of raw land, you might have to
hire a full time caretaker. But usually, you are looking for someone
to rent out your property and pay your bills. The person must be
professional as well as trustworthy.
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You'll need other people, of course--travel agent, insurer, builder,
etc.--but these six will have the biggest impact on your profits.
Panama Investment Connection will connect you with highly regarded
individuals in each of these professions in order to maximize your success.
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