PH GLORIA ISABEL - APARTMENT - SAN FRANCISCO - FOR SALE

PERMANENT RESIDENCE AND CITIZENSHIP IN PANAMA THROUGH REAL ESTATE INVESTMENT

Did you know that permanent residency in Panama through real estate investment is possible?

Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident by making a qualified investment in Panama, including the following options:

- Real Estate: Invest $300,000 (by October 2024), or $500,000 thereafter, free of charge.
- Pre-sale real estate projects: sign a contract of sale for the amount of $500,000 or more, free of charge.

ITHLUX and our team of professionals offer you several real estate projects that qualify for the program, as well as providing you with the complete package to support you and your family in this process (legal, immigration, tax/accounting, insurance, among others). Contact us! Take advantage of this opportunity and book your visit now or ask for additional information!


PH GLORIA ISABEL

Apartment for sale located on Avenida Belisario, in San Francisco, a very central place in Panama City. With updated valuation and lower selling price than tazado.

San Francisco is a residential neighborhood, very close to schools, supermarkets, malls, public and private transportation points.

APARTMENT:

- 126 m2
- 2 quite spacious bedrooms
- 2 bathrooms that one of the bathrooms is in the master bedroom
- Living room
- Dining room
- Completely refurbished open kitchen that has metal organizers and breakfast area
- Equipped service area, windows have metal meshes
- 1 private parking located inside the building
- The apartment is on the first floor overlooking the city
- Building without elevator


PRICE:

USD$ 180,000.00


Why live or invest in Panama?

1 - Stable economy with the US dollar as currency. Central America's second largest economy and fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.

2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year. 3 - International banking and

financial center: strong banking system - In the last 20 years, mergers, transformations and additions of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.

4-the territorial tax system that exempts from taxes income obtained outside the country, is the main attraction for companies and individuals around the world to find a tax solution in the country.

5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.

6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.

7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.

8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.

9 - The Panama Canal transits more than 5% of world trade, with 160 client countries and 144 sea routes, obtaining great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20 percent as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving the growing demand for real estate.

10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.

11 - Stable Real Estate Business - Investing in dollar-quoted real estate remains a safe investment bet. The real estate sector offers a wide range of projects with a price/quality ratio well above average and with great growth prospects.

12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners residing or investing in the country, among which stands out the Visa of Friendly Countries, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, Serbia and Montenegro, Singapore, Slovakia, Spain, Sweden, Switzerland, Taiwan, United Kingdom, United States of America, Uruguay.