Thank You for explaining. Very clear & professional.

@PrimeSolutionsTaxLegal

Жыл бұрын

Glad it was helpful!

Thank you Glenda, this is very helpful!

@PrimeSolutionsTaxLegal

Жыл бұрын

You are welcome! My name is Giovanna though 😀👌

Great information! Thanks 😊.

@PrimeSolutionsTaxLegal

2 жыл бұрын

Always welcome!

Thank you for a very interesting and informative video.

@PrimeSolutionsTaxLegal

Жыл бұрын

Thanks for the good words!

Very good information on what to know before buying in Panama

@PrimeSolutionsTaxLegal

Жыл бұрын

Thank you Wendy!

Very helpful!

@PrimeSolutionsTaxLegal

Жыл бұрын

Glad it was helpful!

Thanks for sharing. I was considering a few options for retirement.

@PrimeSolutionsTaxLegal

9 ай бұрын

Our pleasure! Great 👍

Great info

@PrimeSolutionsTaxLegal

Жыл бұрын

Thanks!

Great content! How would an out of country owner deal with Non payment of Rent? What are the rules for when tenants can be dispossessed? Thanks!!

@PrimeSolutionsTaxLegal

2 жыл бұрын

Hi Hula! In the event of breach of contract including non payment of rent, the landlord can start an eviction proceeding before our civil courts. Enforcement of the decision is carried out by our Minor Courts of Justice we call Jueces de Paz, in the jurisdiction where tenant lives.

Very helpful! I am so excited to work with you soon!

@PrimeSolutionsTaxLegal

2 жыл бұрын

Thanks Aubrey! We look forward to working with you too

Medically retiring in 2023 and I will need to hire you then.

@PrimeSolutionsTaxLegal

2 жыл бұрын

We remain at your disposal.

I’m interested in buying a property in Panama.

@PrimeSolutionsTaxLegal

Жыл бұрын

We are at your disposal meetings.hubspot.com/giovanna-bernal

thank you so much for your advise and information is very interesting. iam double Federal retired here in the U.S.A how difficult will it be to finance a mortgage and wich bank is EXPAT friendly and you recomend.

@PrimeSolutionsTaxLegal

2 жыл бұрын

You are most welcome Mike! You can apply at Banco General or Scotiabank, I understand they will finance a mortgage until you are 80 years old. Downpayment is of 30% and retirees don’t pay FECI which is a 1% additional on second homes or not residents.

@hokim6480

Жыл бұрын

@@PrimeSolutionsTaxLegal How do I prove that I'm retired? I'm 60 years old (American citizen) and planning to retire in Panama, but I won't collect my social security checks until I hit 62. I will live off my savings.

@PrimeSolutionsTaxLegal

Жыл бұрын

@@hokim6480 Hello Ho Kim, for the Pensionado visa you will need to show a pension letter from government or private (e.g. Social security statement) that shows that you are already receiving benefits. The type of pension benefit should be for life. You can apply when you are 62 but in the meantime if you can to move earlier you can apply to one of our temporary options. Hope that helps!!

Thanks, that is helpful. I want to buy a property for investment, lets say I put it into corporation. Pros: shielded from liability, no taxes if I decide to sell for a higher price. Cons: I have to pay more taxes because and have to pay corporation fees annually (how much) and higher a accountant to do taxes. All those expenses may completely eliminate my profit from the property though... I am also interested what programs are currently available for permanent residency through investment and how much I should invest? Thanks.

@PrimeSolutionsTaxLegal

Жыл бұрын

Hello 👋 you can apply with the Friendly Nations Visa (200k) or the Solvency visa by investment on property (300k). Hope this helps!

@Beyondthebreakers

Жыл бұрын

@@PrimeSolutionsTaxLegal great, thanks!

@ChrisLan200

5 ай бұрын

You will never sell it and flipping for profit the market in Panama is so over inflated you will loose

@ChrisLan200

5 ай бұрын

You will never sell it and flipping for profit the market in Panama is so over inflated you will loose

Good information Jiovanna! How many years Panama banks give their loans for after you put 30% down payment for a house? Thanks

@PrimeSolutionsTaxLegal

Жыл бұрын

Depends on your age, but around 20 years

@PrimeSolutionsTaxLegal

Жыл бұрын

Thanks!!

Hi, is it possible for expats with FNV permanent residency to work as a real estate agent and join ECOBIR? I've heard there are many professions from which expats are forbidden to work.

@PrimeSolutionsTaxLegal

Жыл бұрын

Hello! You need to be permanent resident and show 5 years of permanent residency in order to apply to be a licensed realtor.

Hello. I'm European and plan to move with my Colombian wife to Panama. What sites are the best to check for property? For example I would like to have an apartment. 100k will be enaught for it? pls advice me because I only stop in Panama and yes, love this country I would like to live there. thx in advance

@PrimeSolutionsTaxLegal

6 ай бұрын

Hello Sebastian! There are so many nice places and you can find property on 100k there many neighborhoods I recommend you to come to Panama for a visit and be familiar. Panama 🇵🇦 is a lovely country 🇵🇦♥️

Hi I have a question if my parent is a Panamanian citizen and then I become a resident under him. How can I purchase or what are the steps.

@PrimeSolutionsTaxLegal

Жыл бұрын

Hello Liz! There is a process to request citizenship by birth from your parents. Contact me please to send you the information ℹ️

@lizgonzalez1255

Жыл бұрын

​@@PrimeSolutionsTaxLegalHi I am very interested and would like to contact you? What is the best method to reach you?

@lizgonzalez1255

Жыл бұрын

​@@giovannabernalHi I sent you and email I can do zoom as well, which ever you prefer

@giovannabernal

Жыл бұрын

@@lizgonzalez1255 ok great!

Are Airbnb rentals permitted?

@PrimeSolutionsTaxLegal

7 ай бұрын

In some buildings in Panama City and in other provinces. Always ask if the building has a permit for Airbnb.

* without going to probate you mean not probation! Kind regards

@PrimeSolutionsTaxLegal

2 жыл бұрын

Oh yes thanks that’s what I meant 👍

Do pensionados get tax break on property taxes?

@PrimeSolutionsTaxLegal

Жыл бұрын

Pensionados with primary residence in Panama get 120k exception on value of property. Saludos!

@SILVERSETFILMS

Жыл бұрын

@@PrimeSolutionsTaxLegal Thanks! I'm inching toward you getting ready to start new case 😁!

@PrimeSolutionsTaxLegal

Жыл бұрын

@@SILVERSETFILMS You are most welcome! I look forward to it!!

If you finance through a bank you have to pay off by age 70 correct?

@giovannabernal

2 жыл бұрын

Some banks will accept you can pay off by the age of 80 as long as you endorse a local life insurance.

@ourblazingworld

2 жыл бұрын

@@giovannabernal thank you!!! That is a game changer for me!!!

@giovannabernal

2 жыл бұрын

@@ourblazingworld feel free to contact me if you need a referral

@ourblazingworld

2 жыл бұрын

@@giovannabernal thank you!

Those downpayment percentages are killing me 😂

@josedeleon9639

Жыл бұрын

Great video!

@PrimeSolutionsTaxLegal

Жыл бұрын

@@josedeleon9639 thanks Jose!

Is it easy to buy real estate with crypto in Panama?

@PrimeSolutionsTaxLegal

Жыл бұрын

There are companies that facilitate the purchases in crypto currencies.

No to realtors in Panama. Delete it and show you real intentions!

@PrimeSolutionsTaxLegal

8 ай бұрын

Realtors are helpful, specially if you are not familiar with our system saludos!

Hi Jiovanna, is there any way I can chat with you via WhatsApp?

@PrimeSolutionsTaxLegal

Жыл бұрын

Of course! +50763226180 saludos 🖖

@taurus1379

Жыл бұрын

@@PrimeSolutionsTaxLegal 👍I’ll call you tomorrow, thanks

@PrimeSolutionsTaxLegal

Жыл бұрын

@@taurus1379 alright, talk soon!

Can i get your email and contact.

@PrimeSolutionsTaxLegal

9 ай бұрын

Yes, info@primesls.com thanks for reaching