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Follow on Google News | Benefiting From the Real Estate Boom in the Republic of PanamaBy Ernesto Chong:- If you are looking at opportunities to relocate, invest, or simply diversify your portfolio, you will find very few countries that match what the Republic of Panama has to offer.
By: Ernesto Chong While speaking to clients who are potential investors, I point out that the Republic of Panama is currently on a path of fast and sustained economic growth. This is because many economic sectors of the country are witnessing phenomenal growth, which in turn has led to a fairly high growth in GDP for the country. It is important for potential investors to note that the construction industry has contributed significantly to this growth. In fact, the one thing that will visible to any visitor in Panama will be the number of infrastructure projects taking place at many places. These include new hotels or renovations of old ones, construction of new residential and office buildings, highways, port facilities, recreational facilities and many such urban projects. All these offer excellent opportunities for investment. However, I also suggest to my clients that before they proceed with any real estate investment, they consider setting up a Panama Private Interest Foundation to manage their investments. Since the time it was first set up in the Republic of Panama, the Panama Private Interest Foundation has become a very popular way of investing in the Republic of Panama because of the flexibility it offers as well as the simplicity of its structure. Though a similar structure in the country of Liechtenstein was used as a model, the entity set up in the Republic of Panama has its own unique features that have certainly made it more attractive. The Panama Private Interest Foundation does not have specific owners but has specific purposes that benefit a group of individuals. Typically, the assets owned by a Panama Private Interest Foundation are separate from those of the individual who may be benefiting from it. Very often, a wealthy individual will transfer assets to the Panama Private Interest Foundation so that those assets stay protected in case of legal actions or any future claims may arise, especially if the individual is in a high-risk occupation. The Panama Private Interest Foundation is very attractive for investors who can use it for asset management and protection. It is very commonly used to hold equity shares in subsidiary companies, hold bank accounts as well as to invest in and own real estate. By using the Panama Private Interest Foundation to invest inPanama real estate , individuals can ensure financial security for themselves and their family against all kinds of uncertainties in life. End
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