So, you want to buy, build, rent or restore a business in Boquete, Panama?

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We here at Casa de Montaña Bed & Breakfast began to think about what it took to move to Boquete, Panama, construct a building for the business, create the business and make it number 1 on TripAdvisor in our region. Then we thought, let’s talk about it to others and tell them just what it takes.

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So, whether or not you are thinking about buying an existing restaurant or B&B or creating a brand new business of some kind, let us walk you through the joys and challenges of making money here in the paradise called Boquete!

Let’s start with the joys:

  • You are your own boss. You have independence from the corporate world.
  • You set and establish your work hours
  • You have much more flexibility
  • You get to meet new people from around the world
  • You can be more creative
  • Panama makes it easy to establish a business
  • We are here to answer your questions and make your dreams come true. (Contact us)
  • Your investment can go a long way
  • Boquete has the highest number of Ex-pats living here in all of Panama
  • There are tax breaks and tax exclusions depending on what you buy. (We can get you in contact with accountants) Contact us

Here are some things to consider:

  • Do your research about where you wish to relocate. You can check with International Living https://internationalliving.com/countries/panama/boquete/ and Best Places in the world to retire. https://bestplacesintheworldtoretire.com/questions-and-answers/1001-what-are-the-expats-like-in-boquete-panama , for example.
  • Once you narrow your search to Boquete (and we know you will!), take a look into the laws around residency.
  • Then you can begin to look into websites that carry the business, land and spaces for rent for the kind of business you are looking for. (You can also contact us  we may have some leads for you).
  • Next you should contact a lawyer to make sure s/he help you with the legal matters of setting up a new business or the transfer of an existing business. (We can also help with this as well contact us. .
  • Consider the culture and what it would mean for you to have a business in a Latin culture.
  • Are you going to have the challenge of needing a loan to equip you properly for your business? (Loans in Panama are difficult to get. Contact us for some possibilities of banks.).
  • Will you need employees to help you run your business? Panama has many requirements for you to employ Panamanians such as paying “Decimo”, “Payroll”, and “Social Security”. We can help with contacts to get you started in the correct direction. Contact us .
  • Take the time to talk with business owners both those that are selling and those that are not. Ask pointed questions.
  • Check out the reviews on the business that you are buying. (This could be a negotiation tool.)

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These are just a handful of things that you will need to do when you begin your journey to your business. We are here for you in any way we can be. Come down and stay with us. Call  us up to let us know that you are looking at buying a business and we can give you the best possible price during your stay. Take a Boquete Overview Tour or the Boquete Scenic Tour that we offer. You can read more about this by clicking on Specials). And ask us as many questions as you have. We can help you in your decision making by our contacts, and ex-pats that live here. You will not be alone in your journey to a fantastic new life! Call Manzar now, let him know what kind of a business you are looking for and even get more information on possible businesses that are available for sale!

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