GALLO ISLAND (FOR SALE)
The island is a private property, FULLY TITLED, protected by a regular Panamanian Corporation (Sociedad Anonima Panameña). The Corporation can be sold for an easier and faster transaction.
The cost of keeping a Corporation is only $300 per year.
Local currency in the Republic of Panama is the US Dollar.
The Panamanian Government is very stable and democratic, respects and protects all the private properties: moreover, it helps with special tax exemption (20 years exempt of taxes) for all foreign Citizens who invest money with the purpose to promote the tourism.
Panamanian law distinguishes between two kinds of property: (a) private/ titled property, and (b) public or state-owned property.
Titled property is that whose ownership, area, value, boundaries and other details are duly recorded at the Public Registry of Panama. The Public Registry of Panama contains a centralized record system of all titled property in the Republic of Panama.
GALLO ISLAND IS A TITLED & PRIVATE PROPERTY!!!
Additional information is available if you contact us on Registry Number, Property Number and any other Legal Information needed!!!
For futher information on PANAMA GOVERNMENT STABILITY, Taxation Law, Banking System, Investment Factors and more... Please CLICK HERE!