PANAMA REAL ESTATE
INVESTMENT OPPORTUNITIESOn October 22, 2006, the people of the Republic of Panama overwhelmingly passed a Referendum mandating the expansion of the Panama Canal to accommodate the superships and commerce of the 21st century. In August 2007, construction began.
Panama has been nominated to take the available seat on the United Nations Security Council.
Panama is now seen as the hottest real estate market on the globe. It is undergoing a building boom like nothing ever before seen.
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OPPORTUNITY
Every travel magazine and vacation getaway advertisement reminds us of the “good life” we can have in the island paradise, beachfront community, oceanfront highrise, or mountain retreat. All of these opportunities and many more exist in Panama. Making this dream come true is one of our services to you.
KNOWLEDGE OF THE MARKET
Investing in US real estate has been profitable for many Americans over the past decade. Before that, it was the stock market. Before that it was bonds. Now, it is international markets in all of these areas of investment opportunity. The key to sound investments is to know and understand what you are doing, where you are doing it, with whom, at what cost, and why. Most importantly, it is absolutely essential to have experienced, seasoned professionals guiding you, especially, in a foreign jurisdiction.
WIDESPREAD ATTENTION FOR PANAMA
Panama has recently received widespread international recognition for its many opportunities in real estate investment. Some of the investment opportunities for the second home, vacation home buyer, or retiree include city highrise luxury apartments, lowrise apartments, single family homes, remodeled housing on former US military bases, raw land, mountain land, mountain homes, beachfront highrises, oceanfront golf communities, cattle ranches, horse communities, agricultural and teak forestation, redevelopment projects in historic areas, and eco-rainforest.
CLIENT PROTECTION : OUR SERVICES
Once you become a Client of Panamerican Investment Services, Ltd., you will receive a copyrighted Due Diligence Questionnaire © to assist you in narrowing your investment focus and objectives, thereby, empowering us to find – or take you to – exactly the types of properties you wish to acquire.
Real estate Offer & Acceptance and Deposit Receipt procedures are different in Panama, as are escrow and closing procedures and it is our purpose to guide you through this process. Once we find your property, we will enter into contract with the seller. We will, also, facilitate the retention of an experienced, reputable, licensed Panama lawyer who will manage the purchase, title search, closing, and recordation of your Panama property. Accomplishing these steps insure that title is clear and properly vested in you (or your corporation’s) ownership.
TITLE INSURANCE
Title insurance is available from US companies licensed to do business in Panama.
PROFESSIONAL LICENSURE AND EXPERIENCE
Doing business in foreign countries requires knowledge of the customs, procedures, laws, and processes unique to that jurisdiction. Brady Keresey is an experienced real estate lawyer, licensed real estate broker, licensed general building contractor, trustee, and fiduciary with three decades of experience as the managing partner of numerous real estate investment partnerships. We are available to help you acquire something as small as an apartment or building lot, or as large as an island or hotel-casino. You would rely upon the expertise and experience of your broker and lawyer when you buy property in the US, so don’t leave home without us when you invest abroad.
THE REASONS AND INFRASTRUCTURE THAT SUPPORT PANAMA’S CURRENT UNPRECEDENTED REAL ESTATE BOOM ARE SET FORTH IN THE BULLET POINTS BELOW :
WHY PANAMA ?
Some of the attributes . . . .
The United States was here for 100 years. When it relinquished control of the Panama Canal and departed in 1999, it left billions of dollars of infrastructure, roads, neighborhoods, hospitals, ports, communications and other structures. No other country in Latin America has evan a fraction of Panama's infrastructure.
Panama has a democratic constitutional government, with judicial, executive, legislative branches
The US dollar is the national currency of Panama
Unrestricted fee simple ownership of real estate for citizens and foreigners, alike
Equality of legal rights for all persons, including citizens, visitors, retirees, visa holders, and investors from around the world
Up to twenty (20) years complete abatement of real estate property taxes
Absolute legally guaranteed privacy and anonymity in your Panama corporation(s) or private foundation(s)
Panama is second, only, to Hong Kong, as the largest home to registration of foreign corporations and foundations in the world.
Constitutionally guaranteed banking privacy and anonymity
Panama City is the Banking Center of Latin America, the second largest in the world behind Switzerland with more than 150 different banks from 35 different countries
The world’s second largest Freeport behind Hong Kong
No probate proceedings or death tax with a properly drawn will and trust, or Panama private interest foundation (similar to irrevocable trust in certain US states)
The world’s highest rated resident retirement-incentive Visa program in the world, providing discounts on medical and dental care, medications, movie tickets, public transportation, hotels and resorts, airfare, and on
No import duty tax on the purchase of a new car in Panama. On a new luxury vehicle, that could easily be $8,000. - $15,000. off the sticker price!
No import duty on your personal home furnishings up to $10,000.00 of personal property with your Pensionado Visa
On 10/22/06, the Panal Canal Expansion Referendum passed 78% - 22.%. The $5.4 billion project will accommodate the largest of the 21st century super-ships
In May 2007, Donald Trump began construction of the Trump Ocean Club and International Tower in Panama City, one of the first of several planned oceanfront luxury resorts
World-class deep sea fishing
International schools. The City of Knowledge at Albrook. And one of only three Johns Hopkins Medical Centers worldwide, located in Panama City
At least a dozen distinct lifestyle and living opportunities ranging from coastal homes and resorts, to cooler temperature mountain retreats; luxury highrise city apartments and penthouses, to private gated golf course communities; a 600 year old Spanish city, to eco-rainforest
The highest level of communications infrastructure including telephone, telefacsimile, highspeed internet and cellular telephone communications in all of Latin America
No hurricanes. No earthquakes
A live-in maid for $300 per month. A gardener for $12.00 per day
67.0% of the Pensionado Visas issued in Panama since 2002 have been to Americans
The cost of living in Panama is approximately 1/2 the cost in the US or Europe
Tax-abatement incentives for redevelopment projects in historic districts and for tourist, retail, and resort businesses
Seven indigenous native Indian tribes. The highest population of exotic birds in the world. Oxygen-generating rainforests. Organic food. Clean air. Clean water.
There is a currently a real estate development boom driven by international investors, international banks, and retirees like nothing seen before
And, when the real estate boom and market prices level off someday, all of the reasons listed above to invest, visit, vacation, or retire here, will still be in place. No other country on the planet has all of these financial and lifestyle attributes in one place.
CALL FOR A NO-OBLIGATION INITIAL CONSULTATION.
In the United States : 775-833-0689
From the USA to Panama dial : 011-507-6518-4017
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