Panama – Vehicle Maintenance, Repairs, and Breakdown Recovery

Regular Vehicle Inspection Rules in Panama In Panama, all vehicles are required to undergo a periodic vehicle inspection, commonly referred to as the Revisado Tecnico Vehicular (RTV). The frequency of the inspection depends on the age of the vehicle. Vehicles less than five years old are exempt from the inspection. Vehicles between five and nine … Read more

Panama – Taxation

Panama is known for its favorable tax system, which attracts many foreign investors and expats to the country. In this article, we will explain how the taxation system works in Panama and what expats need to know about taxes in the country. Taxation System in Panama Panama operates a territorial tax system, which means that … Read more

Panama – Self-Employment

Breakdown of how self-employment works for expats in Panama Self-employment is a viable option for expats in Panama, especially those who want to work in industries that are not heavily regulated. To become self-employed in Panama, expats need to follow a few steps. As a self-employed person in Panama, you are responsible for your own … Read more

Panama – Retail and Consumer Issues

Panama is a rapidly growing country in Central America with a diverse retail industry. In this article, we will discuss typical opening hours of shops, forms of payment accepted, major supermarkets in Panama, online shopping popularity, expat-specific shops, and consumer rights. Typical opening hours of shops in Panama and forms of payment accepted Most shops … Read more

Panama – Residency

Types of Residency in Panama Panama is a popular destination for expats, with its warm climate, beautiful beaches, and low cost of living. If you are considering moving to Panama, one of the first things you will need to think about is obtaining residency status. There are several different types of residency available, each with … Read more

Panama – Property Rental Prices

Typical Rental Prices in Expatriate-Friendly Areas of Panama Panama, with its stunning natural beauty, thriving economy, and welcoming atmosphere, is a popular destination for expatriates. The country offers a range of housing options, and rental prices can vary significantly depending on factors such as location, property type, and amenities. Here, we explore the typical rental … Read more

Panama – Rail Travel

Panama is a beautiful country with a diverse landscape and plenty of attractions to explore. One of the best ways to travel around the country is by rail. In this article, we will focus on rail travel in Panama. The Overall Standard of Buses in Panama The overall standard of buses in Panama is good. … Read more

Panama – Property Taxes

Property Tax In Panama, property tax is based on the assessed value of the property, with a rate of 0.5% per year. The assessed value is usually around 30% of the market value. Capital Gains Tax (CGT) Capital gains tax in Panama is calculated as 10% of the sale price. This tax is levied on … Read more

Panama – Property Letting

Understanding the Letting Process in Panama Letting a property in Panama involves several important considerations and procedures. This article will explore the intricacies of the letting process in Panama, covering aspects such as income, rules, contracts, rental rates, furnishings, real estate agents, security deposits, property maintenance, cleaning, and the requirement for obtaining a property letting … Read more