Investing Possibilities in Panama

Investing Possibilities in Panama

At our law practice, we are frequently asked by clients about the best places to invest in Panama. This page has been a long time coming, but now it finally exists. One star is the worst, and five is the best rating for an investment.

Investing in Turnaround Properties

An example of this is buying a condominium or townhouse that is still in the construction phase and reselling it once the construction is complete. You can put as little as 30% down and still make a profit (or at least that's the theory). We have several friends who are attempting to sell their flip positions without any luck. Many high-profile real estate developments have stalled, meaning investors will get no return on their initial investments. If flipping properties in Panama was as easy as the cliches make it sound, everyone would be doing it.

Materials for Buildings: Raw We're finally talking about a worthwhile financial commitment. The country of Panama is presently in the midst of a massive building boom that is expected to last for many more years. There is a severe shortage of any and all materials used in building residential or commercial property, driving up their prices significantly. That which has been stated is correct, whether one begins with cement, moves on to marble, tile, etc., etc. In this manner, one can amass considerable wealth. A substantial investment is needed, and raw materials for the building industry would have to be brought in from elsewhere. We are a law firm in Panama that may act as your sole legal representative in this type of venture.

Heavy machinery for building projects All the major tools needed to build modern high-rise apartments are in short supply. There is a severe lack of it all. Used or new machinery could be brought in. It's available for rent on a daily, weekly, or monthly basis. Long-term contracts with developers are also possible. The delays in starting the Panama Canal expansion project will only make the situation worse.

Vehicles that haul garbage There is a critical lack of this. Due to a shortage of available trucks, some construction sites have experienced significant delays in completing their respective projects. Long-term or short-term rentals are available, and they can also be sold to builders. You can make a lot of money by providing the drivers, the maintenance, the replacement trucks, etc. Importing secondhand machinery in good working order would be sufficient. The developers care more about meeting their deadlines than they do about adding extra costs for trucks.

Horses in North America are extremely expensive compared to their counterparts in Panama. For a professional, this is child's play. Even better, take advantage of Panama's low land costs and cheap labor to establish a breeding facility and then export your horses to the North American market.

Residential Businesses With Excellent Customer Service Provide a product or service that the thousands of expats moving into Panama's condos will want but cannot find here, and listen to the cash register ring. The finished condos are among the many that are now being built out. This demographic, which consists primarily of adults over the age of 40 who do not have dependent children, represents a fantastic market due to their large discretionary incomes. This is not a good opportunity for the "me too" entrepreneur who lacks marketing expertise. It's likely you will fail if you try to compete with natives in their industry. It's important that you come up with something completely original and that it's not simple to replicate. Think of the possibilities; all you need is a product that people in Panama will want but no one else offers. It goes without saying that our law office can provide any legal representation you require.

Lenders of Hard Cash: If you are looking for a market to borrow money against your home, condo, or townhouse, you have come to the right place. Imagine putting down 30%–40% (60–70% LTV) and getting a 5- to 15-year mortgage at 3 points over current bank rates in the mid- to high-six percent range, putting you in the 9%+ range. Equity loans are only given out in the first position, which gives you a lot of security. There isn't much excitement about the rates right now, but service expenses are minimal in Panama, and you'd run out of money before you ran out of mortgages.

Web Hosting in Panama Although there is no scarcity of bandwidth, reputable web hosting services are in short supply. Collapse your lines and rush to safety. Keep the area under constant surveillance with cameras. Each employee's entry and exit should be recorded using swipe cards. Protection that is both serious and constant. Make sure people know that by advertising it as such, and you won't have any trouble drawing in business.

Don't bother remembering this; eating establishments come and go constantly. There is a lot of rivalry and a high rate of failure.

There is a severe lack of authentic five-star hotels; hence, the rating for this category is ***. Under North American criteria, there are no true five-star establishments. In other countries, what they would rate as a four-star hotel would be considered a five-star here. Due to the scarcity of quality options, four-star hotels would also do fairly well.

Medicine that diverts from conventional pathways Huge demand and a shockingly small supply. Let's have you down here. First, you should investigate licensing requirements, as doing so can be challenging.

There is a critical shortage of domestic workers in Panama at the moment. Find a way to fix this, and then tidy it.

Feel free to get in touch with our Panamanian law firm for any legal assistance you might need.