NO PANAMANIAN TAXES ON INCOME INCLUDING PENSIONS ORIGINATING FROM OUTSIDE PANAMA.
NO PANAMANIAN TAXES FOR 20 YEARS ON RESIDENTIAL & COMMERCIAL PROPERTY.
PROJECTED CAPITAL GROWTH IN PROPERTY VALUES.
LOW COST OF LIVING.
EXCELLENT & LOW COST HEALTH CARE.
NEAR PERFECT YEAR - ROUND CLIMATE.
FAST - GROWING ECONOMY.
Panama is currently undergoing a Major Property and Economic Boom, and has become the World’s Number 1 Retirement Destination with its Near Perfect Climate and accessibility to both the Pacific and Caribbean coasts.
Panama boasts an Excellent Health Care Regime providing Low Cost Health Care with Leading Doctors many of who are trained in the U.S.A.
The Population of Panama are Friendly, Welcoming and Well Educated - many people in Panama are Bilingual speaking both English and Spanish.
Panama is a great place for the Younger Generations offering a new life in a Safe and Wonderful Environment. Panama has some of the Cleanest Beaches in the world offering unequalled opportunities for Water Sports and Fishing. It has scenic grandeur with terrific beaches, great mountains, fantastic scenery, and a beautiful countryside in the interior of the country.
Panama has a Low Cost of Living….real estate, food, luxury items and entertainment are only a Fraction of what you pay in Europe and North America.
Panama boasts the fastest growing tourist section and economy in Latin America, and “rentals of condo units on the Pacific coastal regions are set to increase tenfold within the next few years.”
Panama City is being hailed as the next Manhattan or Dubai City with 30 new skyscrapers currently under construction.
The country has an Offshore Banking District that is second only to Switzerland. Panama is a Safe and Secure Place to Invest and is home to many leading International Banks, including HSBC, Bank of Nova Scotia, Citibank, Banco Bilbao Viscaya, Banco do Brasil, and Dresden Bank. Privacy of your financial affairs is guaranteed in Panama.
The International Restaurants are amongst the finest in the world and cost a mere fraction of what you would pay in other parts of the world. Panama also has a bustling Night Life.
Donald Trump the Real Estate Mogul is building the Trump Ocean Club – a 65 story international hotel and tower. It will feature 800 Hotel and Condominium Units overlooking the beach, a casino, and a 24 hour yacht club in Panama City.
Ocean Embassy Panama has purchased an area of 738 acres in Playa Corona in the district of San Carlos which will be used to build one of the best aquariums in the world and where it will be possible to swim with dolphins. The resort and park with marine animals means an investment of more than $300 million dollars for Panama over a period of seven to ten years, according to a press release from the company. According to the company's projections more than 400 Panamanians will work at the facility, which will offer guests the opportunity to interact directly with marine animals. The Ocean Embassy Resort will offer a hotel for tourists, marine-focused activities, lush accommodations, ocean-themed shopping, beach sports, and top-notch dining and spa facilities.
Many Hollywood film stars & celebrities including Mel Gibson, Shakira, Rowan Atkinson, Brad Pitt, Angelina Jolie, Bruce Willis, Enrique Inglesias, Gilbertos Santarosa, & Mick Jagger are purchasing second homes in Panama.
A $5.25 billion plan to widen the Panama Canal was recently approved by a referendum which will allow the Canal’s capacity to almost double and also create more than 7000 jobs during the 5 year construction period. This expansion is forecast to result in Panama becoming a centre for cruise liners operating in the Caribbean and the Pacific with the ensuing financial benefits to the area.
Panama hosts the popular CBS hit reality show ” Survivor “ which was filmed in Panama for it’s 7th, 8th and 12th seasons making Panama the only country in the world where the show has been filmed more than once, resulting massive publicity for Panama.
UNESCO has predicted Panama will become the region’s Technology and Communications Hub within the next few years.
Panama is one of the Best Places in the world to Invest in property or Start a New Business and also has a 20 year exemption of Panamanian property tax for all residential & commercial properties.
