RIO MAR - BEACH APARTMENT - SAN CARLOS - FOR SALE

PERMANENT RESIDENCE AND CITIZENSHIP IN PANAMA THROUGH REAL ESTATE INVESTMENT

Do you know that permanent residence 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 qualifying investment in Panama, including the following options:

- Real estate: Invest US$300,000 (until October 2024), or US$500,000 thereafter, free of liens.
- Real estate projects in pre-sale: sign a contract of sale for the amount of US $ 500,000 or more, free of liens.

ITHLUX and our team of professionals offers you several real estate projects that qualify for the program, in addition to 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!


RIO MAR - BEACH APARTMENT


Located in Rio Mar - San Carlos, this condo offers incredible views and is ideal for weekend use, permanent residence or vacation rental for beach lovers. Rio Mar is one of the most attractive communities due to its proximity to El Palmar, San Carlos and Coronado.

A few kilometers away is San Carlos and Coronado, where you can find supermarkets, hospital, supermarkets, pharmacies, restaurants, banks among other amenities.

APARTMENT:

- 193 m2
- 3 bedrooms with their own bathrooms-
- Dining room and living room
- Den
- Open kitchen
- Laundry
- Social bathroom
- Balcony with sea view
- 1 parking
- 1 deposit
- Full furnished
- Turnkey

CONDOMINIUM AMENITIES:

- 4 swimming pools
- Restaurant
- Gym
- Spa
- Games room with pool table, ping pong
- Children's playroom
- Surf lessons and equipment
- Children's playground
- Private entrance to the beach

PRICE:

USD$ 550,000.00

Contact us! Take advantage of this opportunity and book your visit now or ask for additional information!


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 incorporations 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 the income obtained outside the country, is the main attraction for companies and individuals from all over 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 maritime 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% 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: is the largest and busiest airport in Central America, with flights to 89 destinations.

11 - Stable Real Estate Business - Investing in dollar-listed real estate remains a safe investment bet. The real estate industry offers a wide range of projects with a price / quality ratio well above the 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 the Friendly Countries Visa stands out, 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.