TOURISM


Patton, Moreno & Asvat has advice some of the most important hotels complex, established in Panama.  We offer a wide range of services such as

  • Property search
  • Negotiation of purchase contract agreements
  • Company incorporation
  • Visas and Labor Permits
  • Tax advice
  • Others


TAX INCENTIVES: SPECIAL TOURISM DEVELOPMENT ZONES

  • Exoneration for twenty (20) years of the real estate tax over the land and the improvements, as long as the real estate is used for tourist activities.
  • Exoneration for the term of twenty (20) years of the payment of the import tax and the sales tax levied over imported materials, as long as those materials are not produced in Panama or do not have the same quality or are not available in the same quantity in Panama.
  • Exoneration for the term of twenty (20) years of the payment of any tax, contribution or encumbrances in regards to the use of ports, berths or airports built by the investor.
  • Exoneration for the term of fifteen (15) years of the income tax derived from the activity of the investor.
  • Exoneration for the term of twenty (20) years of the income tax levied over the interests received by the creditors in respect to operations directed to the investment in the tourist activity which will be performed by the company.

 

 TOURISM DEVELOPMENT ZONES IN PANAMA (see details)

 

Contact

María de Lourdes Marengo - mmarengo@pmalawyers.com
Khatiya Asvat P. - kasvat@pmalawyers.com
Gilberto Arosemena C. - garosemena@pmalawyers.com