Special Tourism Zones
Ten geographic areas in Panama have been designated by Special Tourism Zones. If one of our listings is located in a special tourism zone, we will note it on the listing. These areas receive the following benefits to the land and business owners within the boundaries.
Tax Incentives:
- Up to 20 years property taxes exemption including land
- Income tax exemption for a period of 15 years
- 20 years exemption from Import taxes including the Sales tax ( 5%)
- 20 Years Income Tax Exemption originated by the interests charged by creditors in the tourism activity investment
- Exemption from liens due to the use of docks or airports built by the company