Panama City is the capital and largest city. It is a world
banking center, with countless shopping areas, restaurants of
all kinds, and everything you would expect in a major city anywhere
in the world.
Panama makes retirement
relatively easy for foreigners.
Some of the best
retirements benefits in the world. Proof of retirement income
of $500 a month, with $100 more for each dependent, will allow
you to apply for residency.
Panama is one of today’s fastest-growing retirement
areas in the Western Hemisphere; it is one of the most globalized
countries in the world; Panama is part of Latin America, which
is the Retirement Home of Baby Boomers. residential tourism
business has made its construction industry grow by more than
US $800 million during recent months; and the gross domestic
product
statistics are impressive.
Panama is a low tax jurisdiction, where the use of asset
protection, tax planning
and wealth and estate planning is a very common agenda for professional
attorneys, accountants, private banks and investment advisers.
Offshore accounts
very feasible as Panama prides herself in protecting the identity
of their banking clients
American style infrastructure.
Cost of Living
very low. About half of what we are used to.
No natural disasters, no hurricanes no earthquakes
Giant shopping centers with an abundance of choices and very
reasonably priced
High speed internet service
Excellent private schools at exceptional prices
Panama Canal is strategic to world trade
Panamanian people are peaceful, friendly and fun-loving
Plans to widen the Panama Canal in 2010, expected to take
15 years to develop at a cost of $5 billion US dollars
Expected that 80 million baby boomers to retire in the next
five to ten years. 5% are expected to look to retire in a tropical
destination. That relates to about 4 million people. At least
one million are expected to call Panama their home in a country
where there presently resides a population of about 3 million
people.
Booming construction in the housing industry
Residential tourism business has made its construction industry
grow by more than US $800 million during recent months; and
the gross domestic product statistics are impressive.
In Panama, it is perfectly acceptable to transfer properties
and funds to Panamanian corporations. These corporations can
be placed under the umbrella of a private foundation, which
is a tailor made, asset protection, living will with legal personality.
In Panama, there are no withholding taxes on savings bank
accounts, securities investment earnings or stock exchange capital
gains. Profits received in
Panama from money invested outside of Panama, is tax-free.
Quality construction
Property management available allow you to have your condos
rented out on your behalf
Excellent rental returns and capital growth on investment
property
Ground floor opportunity for real estate investment
Rental income accrues sufficient funds each year to deposit
in bank
Waterfront investment property in paradise
Positive cash flow
Low income tax
No property tax for twenty years on new construction for
foreigners
View sunsets from your balcony. Panama is only 37 miles at
its narrowest point to 110 miles in width. You can watch the
sun rise and set over the Pacific coasts or over the Caribbean
coasts. Or why not watch the sun rise over one ocean, cross
the isthmus, and watch the sun set over the other?
