Panama Passports and Visas

The Kind of Visas in PANAMA are the next: - More info, please visit our website: http://www.panamalegalconsultants.com

- Immediate Passport Program: offering Immediate Panamanian Passport
Foreigners can be obtain immediate Panamanian Passport under the condition that they make a 5 year time deposit (certificate of deposit - "CD"), at the Banco Nacional de Panama, which earns a minimum of US$750 per month in interest income.
Since interest rates fluctuate, the minimum amount generated monthly must be $750. That means the original 5 year CD deposit with the Banco Nacional de Panama will vary depending on current interest rates. The monthly interest earned from the time deposit (CD), would be deposited directly into the applicants savings account, and the applicant can withdraw the funds in the savings account at any time.

- Self Economic Solvency Visa: offering Permanent Residency & Passport
The Self-Economic Solvency Visa offers three different investment options to qualify for residency status in the Republic of Panama:
Investment Option 1: Invest a minimum of US$200,000 in a two year time deposit or "certificate of deposit" or "CD", at any licensed bank in Panama.
- Conditions: The time deposit (CD) account must be in the personal name of the primary applicant (it may not be in the name of a corporation, foundation, or trust). The interest earned from the time deposit (CD), will be deposited monthly into any savings account at the bank that you designate (the savings account may be a personal account, or a corporate account). The interest income is not taxed by the Panamanian government, nor is it subject to any tax reporting requirements. - Dependents: For each additional dependent that applies for residency under the primary applicant, the primary applicant must prove that he or she has enough income to support the general costs of living of each dependent.
Investment Option 2: Invest a minimum of US$200,000 in a titled property (real estate) in the Republic of Panama.
- Conditions: The titled property must be in the personal name of the primary applicant (it may not be in the name of a corporation, foundation, or trust). The primary applicant must also prove that he or she has an income to support his or her general costs of living.
- Dependents: For each additional dependent that applies for residency under the primary applicant, the primary applicant must prove that he or she has enough income to support the general costs of living of each dependent.
Investment Option 3: Invest a minimum of US$120,000 in a two year time deposit or "certificate of deposit" or "CD", at any licensed bank in Panama, plus invest a minimum of US$80,000 in a titled property (real estate) in the Republic of Panama.
- Conditions: The time deposit (CD) account must be in the personal name of the primary applicant (it may not be in the name of a corporation, foundation, or trust). The interest earned from the time deposit (CD), will be deposited monthly into any savings account at the bank that you designate (the savings account may be a personal account, or a corporate account). The interest income is not taxed by the Panamanian government, nor is it subject to any tax reporting requirements. The titled property must be in the personal name of the primary applicant (it may not be in the name of a corporation, foundation, or trust). The primary applicant must also prove that he or she has an income to support his or her general costs of living.
- Dependents: For each additional dependent that applies for residency under the primary applicant, the primary applicant must prove that he or she has enough income to support the general costs of living of each dependent.

- Small Business Investor Program: offering Permanent Residency & Passport.
The foreign business owners can be obtain legal residency in Panama under the condition that they invest a minimum of US$150,000 in either a new business venture, or an established company in Panama. Part of the requirement is that the business must employ at least 3 Panamanian employees paying them at least minimum wage, with social security benefits.

- Reforestation Visa: offering Permanent Residency & Passport.
- All applicants must provide a Police Clearance report on a police department's letterhead, signed by a police official.- All documents must be issued no more than 4 months prior to submitting the visa application.- All visa applications must be processed by a Panamanian lawyer.
- All overseas documents must be authenticated by a Panamanian Consulate nearest you or by Apostille.
- Passports must have at least 6 months remaining before expiration.
- Dependants can be included with both options.
Panama Reforestation Visa offer 2 options:
A. Small Business investment of at least $40,000;
B. Large Business investment of at least $80,000.

- Retired or Pensioned Program: offering Permanent Residency only.
Foreigners can obtain legal residency in Panama under the condition that they are retired or pensioned. According to the Immigration Department of Panama, there is no minimum or maximum age required to qualify you only need to provide the below described requirements / documents.
The applicants retirement income (or pension income) must be at least a life time US$500 per month. For each dependent, the retirement income (or pension income) amount must be increased by US$100. For example, a husband with wife and one child, would need to prove a total pension income of US$700.Beneffits of this Visa Tax free importation of new or used household goods for up to USD 10,000.00; No income tax is paid in Panama for the pension received nor the interest gained from the fixed term deposit;
All benefits given to Panamanian retired persons by Law No. 6 of 1987 (some tax benefits, discounts in restaurants, hotels, teathers, etc.); Tax free importation of a car, for personal or family use, every two years;
No obligation to pay warranty deposits, as required for other types of visas.
** After filing the visa application, the whole procedure may take two months.

- Multiple Entry & Exit Visa (Optional)
The Residency Visas is for foreigners so they can establish residency and permanently reside within the territory of the Republic of Panama. Every Immigrant or Resident should have an Entry and Exit Visa if he or she plans to travel into and or out of the Republic of Panama.An "Immigrant" is a foreigner or tourist that has applied for a resident Visa in the Republic of Panama. A "Resident" is a foreigner or tourist that has completed a resident Visa application program and has obtained a Permanent Resident Card in Panama.
The Multiple Entry & Exit Visa allows foreigners to enter and exit the Republic of Panama as many times as necessary during the validity of the Multiple Entry and Exit Visa, or until the expiration date of the Visa.Time frame:It takes approximately five (5) business days to process the Multiple Entry & Exit Visa at the Immigration office.Validity of the Multiple Entry & Exit Visa depends on the Legal status of Client:
If Immigrant (Resident Visa is in process): the Multiple Entry and Exit Visa is valid for one year or less (depending on the expiration date of the current provisional resident visa).
If Permanent Resident (Resident Visa is completed): the Multiple Entry and Exit Visa should be valid for a maximum term of two years.

**********************

More info please, contact us: info@panamalegalconsultants.com

or visit our website: http://www.panamalegalconsultants.com

El ministro de Turismo Ruben Blades desmiente rumores sobre visas y vacunas para turistas

www.panamalegalconsultants.com

El ministro panameño de Turismo, Rubén Blades, desmintió que se haya adoptado la medida de reducir el tiempo de estancia en el país de turistas a solamente 30 días y que Panamá esté exigiendo vacunas para permitir la entrada al país. “Esos comentarios son completamente falsos y lo que buscan son desacreditar las acciones del Gobierno nacional. Queremos aclarar que los turistas pueden venir a Panamá hasta por 90 días, con dos prórrogas después de los primeros 30 días, tanto en los casos en los que se exija la visa o la tarjeta de turismo.”Según Blades, los comentarios surgen a raíz de “un manejo irresponsable de información” que está circulando por Internet, en el que se sugiere que se ha disminuido la cantidad de días que los turistas pueden permanecer en Panamá y que se estará exigiendo una tarjeta de vacunación para su entrada al país. “Personas inescrupulosas se están dando a la tarea de circular rumores que lo que persiguen es hacerle daño al país” advirtió Blades.

El ministro aclaró que el Instituto Panameño de Turismo (IPAT) no fue inicialmente consultado para la elaboración de un proyecto de ley de salud “que busca mejorar los controles sanitarios, adhiriéndose al reglamento sanitario internacional”, comentó y aclaró que los ejecutivos del IPAT tuvieron conocimiento del mismo el viernes de la semana pasada. “El desarrollo de la actividad turística implica consideraciones que no están dentro de nuestra jurisdicción; queremos aclarar que la ley no ha sido sancionada y que la ministra de Gobierno y Justicia, Olga Gólcher, enviará una nota a todas las aerolíneas y al cuerpo diplomático, a fin de aclarar que el aspecto de la vacunación aún no está aprobado oficialmente”, señaló el ministro de Turismo.Por su parte la entidad rectora del turismo en Panamá, solicitó a la Dirección Nacional de Migración que adoptara las medidas pertinentes a fin de que los turistas interesados en hacer efectiva la extensión de su visa de turismo concedida por treinta días y prorrogables por sesenta días adicionales, puedan hacerlo en cualquiera de las oficinas de la Dirección de Migración a nivel nacional. “Es una medida importante que creemos beneficiará al turismo” afirmó por último Blades.

*************************************** more info: info@panamalegalconsultants.com

The Panamanian minister of Tourism, Rubén Blades, denied that the measurement has been adopted to reduce the time of stay in the country of tourists to only 30 days and that Panama is demanding bovine to allow the entrance to the country. “Those commentaries are completely false and what they are to discredit the actions of the national Government. We want to clarify that the tourists can come to Panama until by 90 days, with two prorogations after the first 30 days, as much in the cases in which the visa or the card of tourism is demanded.”According to Blades, the commentaries arise as a result of “an irresponsible handling of information” that is circulating around Internet, in which it is suggested has diminished the amount of days that the tourists can remain in Panama and that will be demanding a card of vaccination for its entrance to the country. “Bad people are circulating rumors who what they persecute are to do damage to him to the country” noticed Blades.

The minister clarified that the Panamanian Institute of Turismo (IPAT) initially was not consulted for the elaboration of a project of health law “that it looks for to improve the sanitary controls, adhering to international the sanitary regulation”, commented and clarified that the executives of the IPAT had knowledge of he himself Friday of the last week.

www.panamalegalconsultants.com

E-commerce en Panama

It seems lie but here in Panama we are not to the height of oferecer e-commerce like in other countries. This is partly due to the laws that have congealed everything what has to do with this activity, to avoid fraudulent banking operations as well, false businesses, etc. Some banks offer this solution of purchase with credit card that mainly turn out to be something expensive and complicated for the small companies, aside from which everything depends on the type on watch and product that thinks to offer. The electronic commerce must be thought like an extension of the models of existing businesses. That I mean with this? If you have a solid model of business before expanding it online, is a great opportunity of which your business prospers through e-commerce.

It is really necessary to look for the few options available in Panama to mount a business of e-commerce. For that reason I say that first that there is to see is that service is offered. For example, if what thinks to offer is legal services, practically there are no options since this type on watch does not guarantee anything to him stable to the bank (fraudulent returns by reclamations, operations, risky clients). But nevertheless if one is a product that is given by courier already he is something different since he is something tangible and from less sense of expectancy.

http://www.panamalegalconsultants.com

They are a panamanian law firm specialists in legal services, Panama offshore corporations, private interest foundations, immigration (passports and visas), open bank accounts, asset protection, brokerage and merchant accounts, escrow services, and real estate contracts and transactions.

Panama Offshore Corporation Services
"Our clients use panamanian offshore corporations for trusts, or private interest foundations, to open and manage brokerage accounts, or asset protection. The panama corporations are formed to mantain the privacy and confidentiality of transactions like the transfer of founds for the another country and of the protection of the assets."

Private Interest Foundations
"Panama foundations represent an option, different from Panamanian offshore corporations. Private Interest Foundations permit the protection of assets destined to non commercial activities, but including its use as a holding company or for testamentary purposes. "

Panama Offshore Bank Accounts
"In Panama Legal Consultants we specialize in the process of bank accountsin prestigious and reputable Panama banking institutions Our law firm will assist for make the bank account application process more easy for you.."


If you are interested in for more info about this services, please contact us: info@panamalegalconsultants.com

Denovo - Condo in Obarrio, Panama City

41 stories into the sky. The neighborhood features a Ferrari dealership, Rolex, Hugo Boss, Cartier and the best luxury brand found in Panama. The brand standard of DENOVO includes international services from ¨world-cierge,¨ translators fluent in eight languages, a business center with conference room and personal assistants who execute both personal and professional needs ... your way.

The Price: 230,000 - $390,000
Total Area: 969-1195 sq.ft

Currently Panama is offering tremendous incentives for buyers of new construction in the form of property tax incentives, citizenship and so much more. Also, as one of the largest centers for international banking, foreign national financing is easier than ever before.
The Executive Residences at Denovo will be fee simple condominiums that can be enrolled in a rental program similar to condo hotels, but without many of the fees and restrictions typically associated with them. All Executive Residences will come fully furnished in the most luxurious of ways including wiring and telecommunications in your private office, central air conditioning and wine cellar.
Panama Legal Consultants: We are a lawyers with experience in real estate consulting and properties transactions. Please call us: ++ (507) 6798-1338
Or contact us: info@panamalegalconsultants.com
Website: http://www.panamalegalconsultants.com

U.S. retirees fuel boom in Panama

By JENALIA MORENO
Copyright 2007
Houston Chronicle

PANAMA CITY, PANAMA — Towering cranes and more than a dozen residential skyscrapers under construction obscure the retired Houston couple's view overlooking Punta Pacifica, Panama City's hot new foreign enclave.
In one direction, Donald Trump is building a 68-story, sail-shaped edifice on the Pacific Ocean called the Trump Ocean Club International Hotel & Tower.
In another, Spanish company Grupo Mall, which is selling properties out of Houston, is putting up Los Faros de Panama, The Lighthouses of Panama, a glitzy development complete with apartments, a casino and a hotel.
At least 170 residential towers worth $3.2 billion are planned or currently under construction, according to a recent survey by real estate consultancy Prima Panama.

Fueling this boom, in part, are U.S. retirees lured by Panama's cheap health care, dollar economy and widespread use of English. More moving southBetween 2003 and March 2006, the Panamanian government issued 1,379 visas to Americans 55 and older, according to a report by the Washington, D.C.-based Migration Policy Institute, adding to the already growing retiree population.

In 1990, by contrast, 491 American retirees called Panama home, according to the institute. With 78.2 million U.S. baby boomers expected to reach retirement age in the next two decades, developers and the real estate industry are counting on Panama to issue many more visas.

"Panama is the latest country to join this boom — and with a lot of dynamism," said Orlando Lopez, general manager of Central America for Houston-based Stewart Title, which plans to open an office in Panama City later this year. Lopez, who's based in Costa Rica, estimates the office could guarantee $300 million in properties within a year of operation.

Other Houston-based companies are also hoping to get a piece of this market. Houston-based AbroadEstatesgroup has the exclusive rights for the Texas market to sell homes in Grupo Mall's development, which will have three towers, the central one reaching 84 stories. A handful of Houstonians are expected to produce down payments for units in the development, said Jose-Pablo Fernandez-Cueto, international operations officer for AbroadEstatesgroup, which also offers financing for homes in Mexico and Costa Rica.

Incentives abound Panamanian developers began aggressively catering to U.S. buyers, with golf courses, gated communities and American-style shopping centers, about three years ago. Magazines and even television shows with tips for buying property abound in Panama. Promoters tout the nation's warm weather, flights to the U.S. and discounts for a variety of items, including movie tickets and doctor's visits.

The Panamanian government is also selling the nation, offering some exemptions on property taxes, duties for importing household goods and a car. Such incentives seem to be at least sparking the interest of American retirees.

A Panama Marriott Hotel guest from Wisconsin recently stopped at the concierge desk to ask about the location of retirement communities. One March morning, a group of visiting Americans met with real estate agents in the lobby of the InterContinental Miramar Panama for tours of properties.

And more than 150 U.S. real estate agents recently attended Panama Spectacular, a weeklong conference providing tours of dozens of properties in Panama City and along the Pacific Ocean. Promoting the countryPanamanian native Xiomara Samudio, an Atlanta real estate agent and Continental Airlines flight attendant, was one of the attendees.
"I thought it was just a wonderful idea for my business to be able to visit all the developments so that I can go back and sell Panama," said Samudio, who walked barefoot on the beach at a gated community.

"As a Panamanian, I feel extremely proud that the government of Panama and all of the real estate people have done an extraordinary job promoting the country." Though there are plenty of promotions of projects, real estate agents and interested buyers can view few completed developments for now.

Instead, they stop by fenced-in construction sites, model homes and empty Pacific Coast beaches where developers promise to build high-rise buildings and gated communities. "This phenomenon right now is all about sales and beginning to get into construction," said Paul McBride, chief executive officer of Prima Panama, the real estate consultancy, which also publishes Paradise, a magazine for North American retirees. His company also offers a travel-discount program, and in 10 months it issued 3,500 memberships.

"The inventory is not going to show up for another three to six years," McBride said.
Although few properties are complete, Panamanian, European and American developers continue their plans for posh skyscrapers in the city and luxury beachfront communities in the city's suburbs.

Miyaki Project in Obarrio Panama

Viveros Island - the Pearl of the Pacific

Viveros Island is the Pearl of the Pacific, located 40 miles South East of Panama City at just fifteen minutes by airplane or in two hour if you enjoy sailing. Neighboring isles provide an always pleasant view, abundant tropical fruits, vegetation and amazing opportunities for bird watching and fishing.Grupo Viveros envisioned a secure and comfortable place for you to spend quality time along with you loved ones.

We have designed the most accommodating grounds balancing state of the art infrastructure with natural vegetation, lakes and beaches, preserving the natural environment from undesired changes.Come and see yourself the magic balance of an ideal climate, with temperatures ranging from 77°F (25°C) in winter to 82°F (28°C) in summer, and an average of 40 inches (86cm) of rainfall per year with no hurricane threats.We’ve searched the world looking for a “paradise” and we found it in Viveros Island. Explore our offering and make you choice. Visit us wherever you have a chance, we will be glade to guide you through, without no hustle and no pressure.

For more info: projectpanamarealestate@yahoo.com

Pearl Islands New Project in Pedro Gonzales Island

Fuente: La Prensa - Bernardino Freire

PRESENTATION. Andrés Duany, founding partner of Latin DPZ America, explains the details of the plans of development of Pedro González island.

Eleta Group bets on the tourism and for it has contracted the services of the international company of architects Duany Plater - Zyberk & Company (DPZ) so it advises them in the elaboration the master plan development a tourist community in the Pedro González island, located in the archipelago of the Pearls.

In order to create a forum that promotes a dialogue opened between specialists in the tourist and urban subject and the community in general, the group has organized a series of planning sessions and workshops that began last Wednesday night with a presentation of Andrés Duany, DPZ partner and recognized as "the pioneer of the new urbanism". Duany gave details of how a city based on the principles is planned that turn to the communities inhabitable places: accessible to the pedestrians, connectivity, mixed, diverse and compact use, architecture and urban design of quality, traditional structure of district, appropriate transport, sustainability and quality of life.
In these workshops, the residents, designers, govt officials and representatives of environmental organizations and other tourist developers share their vision with respect to the plans for the tourist development in the Pedro González island.

"The group as a owner of one of the island in Pearl archipelago, have wanted to get involve in a serious way to the tourist development, therefore, in order to accomplish that goal have engaged in the task of looking for a company to advise us on how to make this development in a sustainable form, respecting the natural patrimony that we have as a country", said the executive director of Eleta Group,Guillermo Saint Malo Eleta.

Panama stays interested in negotiated solution about the banana import

The Panamanian minister of Commerce, Alejandro Ferrer, indicated that Panama is still interested in reaching a solution to the banana import conflict with the European Union through negotiations. Last week the country formalised its participation as a third country in the Ecuadorian WTO procedure, in which an arbitration panel will decide on a verdict on the European banana imports. However, it is questionable if WTO arbitration and negotiation can be paralleled at all, as the intervention of a dispute resolution commission of the WTO generally does polarize the positions of the different stakeholders.

Publication date: April 10 2007Author: André van der Wiel Copyright: www.freshplaza.com

Q Tower - Punta Pacifica Building

Q TOWER is an Ocean front masterpiece, created specially for those individuals who look for luxury comfort, and exclusivity. With all of its units having astonishing views of the Pacific Ocean, high floor to ceiling height, and the best quality finishes will redefine your standard of living. Being located in Punta Pacifica, which is one of the prime neighborhoods in Panama, will let you enjoy a centric location having everything you need at walking distance.

THE BUILDING

• Luxurious double height lobby
• 65 stories high modern architectural Master Piece
• 24 hr security box
• Visitor parkings
• High speed elevators
• Service elevator
• Total Emergency Power Supply
• Closed Circuit for the building
• Electronic access

Bocas del Toro Information

The archipelago of Bocas del Toro has remained a unique and unspoiled place, only recently having been discovered by international travelers. An early visitor, Christopher Columbus visited the islands on October 6, 1502 where he took refuge in the calm waters and gathered food from the islands for their voyage home.

Bocas del Toro is an outdoor lover’s paradise with unspoiled coral reefs, deep-sea fishing, boating, kayaking, snorkeling, surfing and white sandy deserted beaches and coves. The local people of the province are made up of mainly indigenous tribes and descendants of slaves from Jamaica, which contributes to Bocas' diverse and lively culture.

Locals and travelers alike travel leisurely between the islands in dugout canoes and kayaks. The islands each offer something different in terms of wildlife and bio-diversity. Sloths, monkeys, toucans, parrots, iguanas and tiny brightly colored poison dart frogs are just some of the islands' many inhabitants.

The islands offer the visitor a great diversity of attractions and natural environments, uncommon to other regions of our continent: luxurious rain forests with an abundance of fauna and flora, sunny islands, beaches that compete with the Caribbean best, coral reefs in crystal clear water, mangrove islets in a lake-like scenery, guaymi indian villages and a national marine park that protects examples of the ecosystems and natural resources coexisting within the Archipelago boundaries, as a tribute to our future generations.

Bahia Honda - Is a community located at heart of the bay of the same name, between the islands Bastimentos and Solarte, whose houses are distributed by the coast of both islands, not offering the typical image of the other communities. What we could consider like the central nucleus of the village, on the island Bastimentos, consists of a communal house, the primary school, the school's dinning room and a restaurant that offers to the visitors typical plates of the region.

The main occupations of their inhabitants are the fishing and the agriculture of subsistence, being the tourism an activity that has come increasing lately. In order to arrive at Bahia Honda, hire a boat in Bocas del Toro and after about 15 minutes of navigation it is arrived at the communitarian restaurant where the visitor make arrangements for a boat and a guide to visit the trail.

Bastimentos - This community has a population of more than 800 inhabitants, who live in 125 houses constructed with wood and zinc roof, or cement and zinc roof and very few of wood and ceiling of palm. It is populated in its majority by afrocaribbeans, with some foreigners who came to live here lately.

It is arrived at the community by sea and the more commont is the use of aquatic taxis (boats with outboard engine). In addition, many of the residents of this community count at least on boat with engine. There are not streets in Bastimentos: the ways are wide cement paths.

They have an health sub-center, an aqueduct, a primary school with 7 classrooms, 7 teachers and 145 students, and a police sub-station. They are connected to the electricity and telephone services that come from the Colon island by means of an underwater wire. There are also public phones in the town.

Megapolis, New Project of Decameron Group

Living in a hotel with the best view ocean, close to malls, casinos, restaurants, movies and much more, with the exclusive support of the Decameron Group.

OPTION A: Condo - Hotel
Apartment with the availability to rent while you are out of town. You can become a member by paying a one time investment membership of $10,000.00. This unit should assume the standard equipment cost.

Residence Services:
Room service including: Deaning (laundry, express check out, maid & errands)
Hotel facilities (swimming pool, bar, spa, restaurants, casino, mall)

LOCATION: Balboa Avenue
PRICE: FROM US$ 130,000.00
STATUS: PRE-SALE
COMPLETION DATE: 01/01/2010

Additional Services:

• Decameron Explorer Travel Agency Tour Desk with transfer service between the three hotels and the Airport, sale of excursion packages, sale of airline tickets, flight confirmation.
• Hostess Services
• Express check in and check out
• Baby - sitter
• Medical doctor
• Laundry
• Money exchange
• Automobile and limo rental
• Taxi cab station
• Valet parking
• Connection to the Majestic Casino, direct gateway to Multicentro, City's most modern shopping mall.

Hill Tower - Dos Mares, Panama

Located in Two Seas an excellent area thus putting to its fast reach supermarkets, pharmacies, schools, hospitals, parks, commerce,restaurants and much more, providing to its residents the comfort to have near all.

Apartaments of 1, 2 and 3 BedrromApartaments of 154, 168 y 207Mts2 Penthouse of 322, 336 and 427Mts2

This Beautiful Work Will have an Ample hungry RoomHill Tower offers to him: • Luxurious lobby with modern designs and details of wood and granito• Forward edge of battle area 24 hours • 2 Elevators of high speed for 15 people • Inner door of access to parking • electrical Planta • Tank of water reserve • System of electrical doorman • gas Installation central.• open Terrace put a roof on for meetings with bar• Ample dance hall with bar and cocineta for its events • social Area with swimming pool and garden on earth • Area of gymnasium.• Prepared for a conección to Internet Just by 2 apartments by floor, where it will find ample spaces.

Contact Us: projectpanamarealestate@yahoo.com

Skyscrapers List under Construction in Panama

Buidings with more than 300 meters:

1) Ice Tower, 104 floors - 381 mts. *Date of Start: June, 2006.
2) Faros de Panamá, Central Tower, 84 floors - 346 mts. *Date of Start: October, 2006.
3) Ocean One, 54 floors - 207 mts. *Date of Start: May, 2005.
4) Aqualina, 67 floors - 210 mts. *Date of Start: October, 2005.
5) Ocean Two, 70 floors *Date of Start: March, 2006.
6) Vitri, 72 floors *Date of Start: May, 2006.
7) Pearl, 70 floors *Date of Start: December,2006.

Projects about to start their construction

1) Torre Planetarium, 82 floors - 300 mts.
2) Trump Ocean Club Intl. Hotel & Tower, 68 floors - 293 mts.
3) Arts Tower, 80 floors.
4) Q Tower, 82 floors - 250 mts.
5) Waters, 74 floors - 245 mts. Date of Start: December,2007
6) Rivage, 68 floors - 208 mts. Date of Start: February,2007
7) Megápolis - (1st tower of 65 floors - Date of Start: Summer,2007
8) Panorama Bay, 78 floors (Date of Start: May,2007)
9) Oceania Plaza - 2 Towers of 62 floors.

Moon Tower, San Francisco, Panama City

• Located in San Francisco, the marvelous Moon Tower raises to offer the highest living Standards. Just minutes away from Downtown Panama and its Historic Patrimony of Humanity District (Panama La Vieja ) this superb property will give residents a taste for the historic mixed with the modern.
  
  Beautifully designed residences with ample floor plans and unparalleled views of the ocean will offer a space to enjoy a balance life in a top-quality environment. Moon Tower unique amenities will entice and enhance your appreciation of Panama as a tropical play ground. A view to the future taking shape in the present.
  Located minutes away from excellent schools, shopping centers, entertainment, ample green areas and surrounding parks Close to world class restaurants, nightlife, food markets, banks and places of worship. A short drive from Tocumen International Airport and Downtown Panama
  
  

• Magnificent 30 stories high-rise tower with beautiful views of the city and the Pacific Ocean
• 83 ample and the beautifully designed 1 and 2 bedroom residences with 2 bathrooms
• Units sizes 882 sqf (82m2) up to 4144 sqf ( 385m2)
• Amazing Front Entrance with splendid minimalistic-styled Main Lobby and superbly appointed common areas
• Elegant porte-cochere entrance
• Modern Social Room
• 24 hour door attendant and state of the art security service with monitored cameras
• Stunning raised wet area with swimming pool and tanning deck
• Fully equipped gym

Ocean Sky in Coco del Mar

OCEAN SKY its located at the exclusive & privileged area of Coco del Mar in Panama City and with Ocean Views from all its units, this project is sure to capture the attention of international travelers looking for an exclusive place to live in our city with apartments ranging from 135 M2 (1,53 SQFT ) to 142 M2 (1,529 SQFT ), with one bedroom, small office or studio and a balcony overlooking the pacific ocean.

This project will have the option for fully equipped appliances as well as the option for property management. 118mts2 city view, $129,800 118mts2 ocean view, $177,000 125mts2 city view, $137,500 125mts2 ocean view, $187,500 - increase $1,000 per floor .

The Point Tower in Punta Paitilla - Panama City

• Fire safety and detection system.


• Satellite signal for television.


• Gardens with landscaping in all exterior areas.


• 40 visitor parking spaces.


• Security office with monitors, cameras and 24-hour surveillance.


• Internet connection facilities.


• Fiber optics cabling.
  Valet parking facilities.
  

480m2 and 500m2 apartments have 10-foot high ceilings and include Living Room, Dining Room, Den, Visitors half bath, Terrace, Kitchen, Breakfast area, Main Bedroom with balcony and large walk-in closet, 3 additional bedrooms with private baths, Family Room, maid's quarters with bathroom.

825m2 apartments have 12-foot high ceilings and include Living Room, Dining Room, Den,Visitors half bath, Terrace, Kitchen, Breakfast area, Main Bedroom with balcony and large walk-in closet, 4 additional bedrooms with private baths, balconies in various areas of the apartment, Family Room, 2 maid's quarters with a bathroom.

Price: From $900,000

Panama Real Estate Information FAQ'S

Kinds of visas: If you can prove a minimum of $600.00 in monthly income, you get a Retirement (pensionado) visa regardless of your age. If you want to start a business, you can get an investors visa. This usually requires a $200,000 temporary deposit in Panama to show you have the funds to begin a business.

There are lots of excellent lawyers as well as relocation services that can recommend a lawyer.

How can I ship my car and household goods?
Ship from any shipping company in the USA-Panama is a close and convenient port. Most people can put all their household goods in one 40 foot container. This can be loaded right in front of your house in the States and brought to the front of your house in Panama.

There are no import taxes on importation of your household goods. ( There is some rule that there is no tax on up to $10,000.00 worth of household goods but no one is going to be able to say exactly how much all your used household goods are worth, so not to worry.) For your car, it can be put in your container or shipped separately. Whether you are a Retiree or not, taxes will apply for your car.

What about buying furniture and appliances in Panama?
No problem. Prices are comparable to US prices, but don’t expect sales. At Furniture City in Panama and David you can order from extensive US furniture catalogs if you don’t find what you like on the floor. There are also a number of upscale furniture stores in Panama City. Banyan Leaf in Panama City has a magnificent selection of both Oriental and Western furniture and accessories.

For appliances, Raenco and Do-It Center in Panama City are excellent. Price Costco in Panama City and David also has some good deals, but a limited selection.

Is there anything like a Home Depot?
Do-it Center and Novey Center come the closest-you will find the basics for your do-it-yourself needs.

Grocery Stores: We have been all over Latin American and do hereby declare that Panama has the best American-style supermarkets anywhere. El Rey and Riba Smith are very complete and large supermarkets with well trained personnel. Riba Smith which has only 3 stores, all in Panama City, is popular with Americans because it has the most American goods and a housebrand of prepared foods that are delicious- don’t miss the chicken pot pie,lasagna and their ice cream. El Rey has a store in almost every neighborhood and also in Coronado and David. Spotless, well-organized, and with friendly personnel- So enjoy.

How can I safely send and receive mail in Panama?
The Panamanian mail system is not reliable- we don’t recommend it for anything. Fortunately there are two excellent companies dedicated receiving and sending your mail as well as bringing stuff you have ordered over the internet etc: Air Box Express and Mail Boxes Etc. Airbox Express delivers your mail and packages directly to your home. Mail Boxes receives them at the offices where you can go pick them up. They give you your own PO Box address in Miami. They bring your mail from Miami for a starting fee of about $25 a month. These mail services are invaluable for life in Panama. For more info see Air Box Express.

Can I get a job in Panama?
The best way at this time to work in Panama is to set up your own business. At this time, to get a job at a Panamanian business is very difficult because of laws limiting foreign employees. There are even specific laws forbidding for example foreign lawyers, doctors, translators, university professors etc. to work here. These laws will most probably be modified in the short term as Panama’s booming economy needs more skilled persons, but for now it is the reality.

Grand Tower in Punta Pacifica - Panama City

This building will be located at Punta Pacifica, within the Pacific Village project that is actually one of the largest and exclusive private residential developments in Panama and Central America .

The Project “The Grand Tower at Pacific Village includes in the first stage an area of approximately 3,804.70 square meters , with permanent vision towards the sea. You will live surrounded by tropical gardens, picturesque sidewalks, children's playgrounds, decorative fountains, valet parking, a spectacular swimming pool and a large deck with all its amenities .
This magnificent building, will have strict security measures , such as a large wall in the entire perimeter of the building, access controls, individual guard gates and a main guard gate that give your entire access around the building. You will not have to worry about the safety of your family!

In this Tower, we are offering our customers apartments from 97 square meters up to 270 square meters and loft-type apartments from 120 square meters up to 275 square meters with double height.

- 6 floors of one (1) apartment per floor, of 198 square meter approximately each.
- Three-meter ceilings.
- Two parking spaces.
- 31 floors of eleven (11) apartments per floor, four (4) in the east wing and seven (7) in the west wing.
- Apartments from 97 square meters to 279 square meters .
- Three-meter ceilings.
- For apartments up to 159 square meters, one (1) parking space.
- For apartments up to 160 square meters , two (2) parking spaces.
- 10 floors of loft-type apartments with 20 feet height, picture windows.
- Options from 120 square meters to 290 square meters.
- Three-meter ceilings.
- For apartments up to 159 square meters , one (1) parking space.
- For apartments up to 160 square meters , two (2) parking spaces.

Marina Blue in San Francisco - Panama City

Marina Blue apartments are situated in the popular area of San Fransisco. The front apartments have ocean view towards Punta Pacifica. With clean and hip architecture, you will enjoy your ocean front views at all time. All the amenities and details in this project are a great added value for you and your family. Apartments are available in 1540sq.ft and penthouses. Each floor has 2 apartments per floor with living room/dining room, maids qtrs, kitchen, family room and 3 bedrooms. The social area has 2 swimming pools, tennis, sauna, gym and BBQ area.- 1540 sq ft - Penthouse - 2 units per floor - Three bedrooms - Terrace - Ocean front Views - Family Room

Price: 143mts2- 205,000 - increase $500 per floor

Aquamare Penthouse in Punta Pacifica

Aquamare is located in the Punta Pacifica district of Panama City and is a 54 story tower on Panama Bay with 80 apartments. 605 Sq meter penthouse Located in the Hottest neighborhood in Panama (Punta Pacifica) in the hippest building in Panama (Aquamare) This (6,510 sq ft) Stunning Penthouse for sale on 50th floor in beautiful Punta Pacifica, Panama. This beautiful two story penthouse nestled in Panama’s hottest new address Punta Pacifica has guaranteed unobstructed ocean Views.

Property Details: Aquamare Penthouse for Sale 605 Square meter Live delightfully close to the ocean in this 54-story tower with only 80 apartments. Each apartments with is private entrance foyer, six high speed elevators. And an elegant superbly designed lobby. This 50th floor penthouse has 4 bedrooms 4 baths plus maids room and maids bath, with finished floors, granite kitchen and central a/c ready.

Aquamare tower features:
- 3,831 sq. feet apartment
- 4,304 sq. feet apartment
- 6,510 sq. feet penthouse
- 7,457 sq. feet penthouse
- Each apartment has its own private entrance foyer
- Six high speed elevators
- Swimming pool
- Sun deck

Penthouse comes complete with 4 parking and 1 Storage Unit. The Aquamare in Punta Pacifica is tastefully designed for quality conscious clients with distinguished taste. Building will have a state of the art gym, and spa, infinity pool delightfully close to the Ocean! Asking price: $1.2 million Incentives include 20 year property tax exhoneration, ready for occupancy Sept. 2007• One tower with 2 distinct areas • 54 floors (80 apartments) • Foyer and private entrance in every unit • 6 high speed elevators • Elegant lobby • 7 level carport

For more information please contact us: projectpanamarealestate@yahoo.com

Aqualina Tower in Punta Pacifica Panama

Located in the prestigious area of Punta Pacifica. The unit is located on the 31st. floor, and it has three parking spaces. The building has exotic and luxurious finishes. The lobby is elegant and modern, and it has concierge services.

The building has six-high speed elevators, On the first floor is located the social area, which includes, swimming pool and party rooms for children and adults, jacuzzi, sauna, SPA, tennis and squash courts. The unit comes with high quality finishes. It has an elegant lobby, a big foyer, an extensive living and dining room area with balcony, main bedroom has a balcony facing the ocean. Also, the bedrooms and bathrooms are well-sized, and the kitchen has a view to the city. Area: 409 m2

World Class luxury condominium destined to be an icon in Panama. Spacious layout of 3165 square feet with an ocean view and amenities galore to be delivered in late 2007. This project will fall under Panama's 20 year tax exoneration. The design of the building is spectacular and the views from the 27th floor balcony will be breathtaking. This will be the area to live in for exclusivity, and all that you need: luxury, proximity to a high end mall, John Hopkins medical facilities at a short distance, and a Trump casino across the street in 2009. This unit is priced to sell quickly and is currently well below the market rate in the area. This is the dream apartment that you have been waiting for and it's what you deserve. Luxury to the highest power!!! All apartments feature marble floors in the living rooms, dining rooms, master bathroom and Den, as well as the hall outside the apartment door. All balconies will have stone floors and beautiful ocean views. All apartments come pre-wired for multi-jack high-speed internet, and cable TV access. This building has its own power plant to support electrical back-up in case of general power outages in Panama City and also has its own water reserve.

Asking Price: $525,000 USD / $918,000 (Financing Available)

State Of The Art With Eternal Ocean Front Condo

Asking Price: $276,000 USD (Financing Available)

ARTS Tower is an astonishing top of the art project located in the heart of the Avenida Balboa. This one of a kind tower will offer one or two bedroom units, with penthouse options available. ARTS will delight you with the most exclusive amenities and finishes, a variety of luxury services, and most important eternal ocean front views!

All units ocean front - One or two bedrooms - Wide terraces - Luxury finishes - Floor to ceiling windows - 9.5 floor to ceiling height - Laundry area - Visitors Bathroom - Walk-in Closets

OPTION A - 1615 SQ FT - 2 BDRS.
OPTION B - 1280 SQ FT - 1 BDR.
OPTION C - 1345 SQ FT - 1 BDR.
OPTION D - 1290 SQ FT - 1 BDR.
OPTION E - 1540 SQ FT - 2 BDRS.

Panama Canal Video

Every boat that passes through Canal gets stopped by two smaller ones called "Mulas". Enjoy



Real Estate Directory - Find a REALTOR® at the National Real Estate Directory. Your source for real estate agents on the Internet.

Pacific Point in Punta Pacifica, Panama

Offering permanent and spectacular views of the Ocean, Pacific Point rises over a plot of 45,000 square meters in front of the sea in Punta Pacifica, the most exclusive area in Panama. Its privileged location allows you to enjoy the benefits that the proximity of the new Punta Pacifica Hospital (affiliated to Johns Hopkins Medicine International) and the exclusive Multiplaza Pacific Mall offer. The project is also a short distance from the entrance to the Corredor Sur, the new toll way that connects the city with the Tocumen International Airport.

Imposing towers, exclusive villas and residences in front of the sea, combine with an environment surrounded by tropical gardens, in which we have designed picturesque sidewalks, recreation areas for children, courts, and a spectacular clubhouse.

Being conscious of our obligation for watching over the personal security and the Pacific Point resident’s properties, the project has been provided with a perimeter wall that is only interrupted by a security checkpoint equipped with electronic access controls, and at the same time watched by security personnel 24 hours a day.

As a focal point for the development, we have created a CLUB HOUSE, which impressive architecture houses multiple leisure and recreational options:
- Point Café, located in the ground floor
- Administrative Offices
- A room for special events with a capacity for 350 persons.
- Rest rooms for ladies and gentlemen
- Two (2) squash courts – with air conditioning
- Two (2) racquetball courts - with air conditioning
- Two (2) tennis courts – at the exterior of the building
- Complete gym with cardiovascular conditioning equipment
- Room for aerobics
- Two (2) massage cabins
- Jacuzzi
- Steam bath

For more Information contact us: projectpanamarealestate@yahoo.com

The Kuna Indians of Panama with Magical Elixir: Cocoa

RYE, England, March 13 (UPI) -- When they are not talking about the sonic rise in house prices, the English mutter about the collapse of the National Health Service.

Newspapers trumpet the latest victim of the flesh-eating MRSA superbug (methicillin-resistant Staphylococcus aureus), which hides in hospitals waiting to attack surgery-weakened and recovering patients. Antibiotics, no longer trusted to deal with resistance to them, are falling from favor. So what are the Brits depending on to deal with bacteria?

Maggots.
The headline from The Thunderer, as the London Times is fondly known, read like something from a supermarket checkout tabloid: "How maggots could save the National Health Service ($324 million) a year." Apparently, they can clean wounds and clear bacteria faster and more effectively than much more expensive antibiotics. This wouldn't come as news to Florence Nightingale.

Some people might wonder which is more ghastly to contend with -- having a limb amputated or crawling with slithering, living, white rice look-alikes. And leeching has been enjoying something of a revival, hovering around the edges of modern medicine ready for a comeback for reducing fevers. But so far it's all talk.

Not all ancient remedies, however, are ones to make us squirm. The Kuna Indians of Panama have excited the attention of Harvard Medical School for an ancient cure surely none of us will turn up our noses at: cocoa.
Professor of Medicine Norman Hollenberg reports in the current International Journal of Medical Sciences of cocoa therapy -- one we would happily be prescribed, and one we already practice -- just not in the right quantities or with the right quality of compound.

For centuries, the isolated tribal people living on the San Blas Islands north of Panama have apparently benefited from a diet that includes up to 40 cups a week of the soothing dark drink. If we indulged in drinking that much of the cocoa found in supermarkets, we would quickly succumb to extra weight gain, pimples and zits and the possibility of heart attacks. What we think of as cocoa in the modern world is generally a processed powder pumped with sugar and stripped of goodness.

But the Kuna Indians are drinking the unadulterated, unstripped cocoa, its bitterness tempered by sugar. The secret compound is epicatechin. This is what Hollenberg believes is the element responsible for the exceptionally low incidences of heart disease, stroke, cancer or diabetes among the Kunas.

Epicatechin is a flavonoid that has been recently celebrated for its antioxidant properties. Food developers have latched onto it to launch a whole new line in drinks, promoting the way that flavonoids that are found in green tea and red wine can improve blood flow.

Well, you can bet that's about to change. Expect to find chocolate drinks jostling their way onto the shelves as the new health beverages. The epicatechin flavonoid is apparently found at much more concentrated levels in cocoa than in those drinks and other foods that boast of antioxidants. Professor Hollenberg thinks epicatechin is so important it should be reclassified as a vitamin.

You can't just reach for the sugary brown stuff you've got stored in the back of your pantry, however. You have to invest in pure cocoa powder. The trouble is, flavonoids are bitter. It's OK when you're drinking red wine and green tea, but not great in cocoa. So food-industry producers strip it off the cocoa bean, removing the protective property from mass-produced cocoa.

Professor Hollenberg has been studying the Kuna for 16 years. And he's found when they move from the San Blas Islands north of Panama, settle in the cities and drink the same cocoa drinks we drink, their levels of good health are no longer sustained.
He said that when he measured their cocoa consumption, he found the Kuna people had "probably the most flavonoid-rich diet of any population."

A senior researcher at Britain's Institute of Food Research, Dr. Paul Kroon, backs him up. "The science does look robust," he told the Sunday Times. "It is indicative that epicatechin is the active compound."
It'll be a race to see which industrial drinks company gets into production first. Few of us will say no to cocoa as a health drink.

Until we can reach for a canned or bottled cocoa-for-health drink, here is a recipe for individual servings of the best cocoa in the universe. Don't even think of having 40 of these a week unless you want to become extinct. One on your birthday or at Easter will do nicely. But it makes a terrific dessert when you have unexpected guests.

-- Break 1½ ounces of the best dark chocolate, at least 70 percent cocoa solids, into small pieces and put into a blender.
-- Fill a mug with boiling water and set aside.
-- Bring a cup of whole milk to the boil. Add half a teaspoon of vanilla extract, then pour the milk into the blender.
-- Whiz it up until the chocolate has melted completely, pour the boiling water out of the mug and fill the mug with the frothy dark chocolate soup.

Money-laundering to center Caribbean Meet in Panama

Panama, Mar 13 (Prensa Latina) Panama will host the 25th Caribbean Financial Action Group (GAFIC) in May, focused on the fight against money-laundering and the financing of terrorism, an official source reported on Tuesday.
Representatives of 30 countries of Central America and the Caribbean, and several international organizations will participate n the meeting.

GAFIC has as its main objective the "deciding on and securing implementation of measures to counteract the crimes of money-laundering and financing of terrorism in the countries of the region."
GAFIC members are: Antigua and Barbuda, Anguilla, Aruba, Bahamas, Barbados, Belize, Bermuda, Costa Rica, Dominica, Dominican Republic, El Salvador, Granada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Montserrat, Nicaragua, Panama, Trinidad and Tobago, Saint Lucia and Suriname.

Panama Offshore Services Facts

Panama companies - and foundations and offshore bank accounts have been elevated to a new level in the offshore arena. In response, many companies is helping entities that wish to keep their wealth before it is too late. The new U.S. Democratic Congress is pushing an anti-offshore platform. The UK has forced offshore banks in the Isle of Man to report. South American dictators are nationalizing “protected” assets of investors and nationals. All this and more has created a critical situation for anyone that does not want to lose 30%, 50% or more of their worth to others. Our websites is designed to prove that Panama is now the only effective offshore domicile available today. Users benefit from a quick-and-easy process for deciding on and setting up their complete offshore asset protection packages. They can learn about Panama Corporations, Panama Private Interest Foundations and Panama offshore bank accounts (among other services). They can see how to ensure complete anonymity and legality, with no negative reporting implications. And, everything is explained in functional, “how to” steps, instead of confusing legalese.

Panama does not give in to the IRS or the OECD. Its banking-secrecy laws are the best there is. Taxes are low or non-existent, best of all, the offshore structure is legal both here and abroad.

For more information about your Panama corporation options, contact us at info projectpanamrealestate@yahoo.com
We create your offshore-service arrangements personally. All of your affairs are covered by Attorney-Client Privilege, keeping them anonymous, private and secure.

Panama Trade Fair Expocomer 2007 Does Business for 127 Million

Panamá, Mar 11 (Prensa Latina) The 25th International Trade Fair Expocomer 2007 ended here after closing transactions for 127 million dollars, reported the local Chamber of Commerce, Industry and Agriculture.
The four-day fair was attended by over 17 thousand visitors, who saw the exhibits of 521 companies of 33 countries, says a communiqué of the Chamber of Commerce.

The results place Panama in a privileged position for investors and a logistic platform in the region.
Diego Eleta, president of the Chamber, expressed satisfaction for the results of the most important trade fair in Central America.

Bolivia, Aruba and Curazao were some of the nations that participated for the first time.
Other participants were Argentina, United States, Portugal, Spain, South Africa, Uruguay, China, Malaysia, Holland, Trinidad and Tobago, Dominican Republic, Costa Rica, India, Japan, Mexico, Colombia, Canada, Peru and Chile.

Jenna Bush writing a Book about her travel to Panama and other countries

Jenna Bush, daughter of President George W. Bush, will write "Ana's Story: A Journey of Hope," drawing on her experiences as a UNICEF worker in Central America, HarperCollins announced Tuesday. Her book, to be published this fall, will tell the story of a 17-year-old single mother with HIV.
The sale of the book, which had drawn keen interest from several publishers, was brokered by Washington, D.C., attorney Robert B. Barnett. Jenna Bush, 24, has been an intern with UNICEF's Educational Policy Department in Latin America since fall 2006 and has traveled to Panama, Paraguay and Argentina. She is currently teaching at a shelter in Panama.

HarperCollins said that a portion of the proceeds would be contributed to the U.S. Fund for UNICEF, to benefit children living in the Caribbean and Latin America. In a statement, Bush said, "It is my hope to motivate young Americans to increase their awareness of young people around the world."

Yacht Club Tower on Panama - Balboa Avenue

Imagine the most luxurious building in Panamayou have imagined it, now you have found it.- YACHT CLUB TOWER located on famed Balboa Avenue

- Outstanding 57story tower offers spectacular views of Panama City and the Pacific Ocean
- 210 units
- Generous penthouses
- Roof top Signature Restaurant with indoor/outdoor bar featuring panoramic ocean views
- Infinity-Edge heated pool
- Well renowned Spa Center
- Private Nautical Club
- Exercice Club with techno gym machines.

JOY Panama - Residential Tower in San Francisco

JOY is a residential tower, designed for those seeking for the highest standards. All of the units have spacious double height terraces, with outstanding ocean and city views. Located in San Francisco, Joy Panama will be an amazing tower where all the units are duplex.

JOY is an exclusive residential tower, designed for those seeking for the highest standards. All of the units have spacious double height terraces with outstanding ocean and city views. The low number of units makes this tower even more exclusive than it already is. Complement by world class amenities you will enjoy your investment at maximum. All units are loaded with all these special details

• Floor to ceiling panoramic windows
• Spacious Walk-in closets in all of our suites
• Wide double-height terraces
• Elegant floor to ceiling height
• Italian Loft like kitchen
• Move-in-ready
• Fully equipped with high efficiency frigidayre appliances
• AC Units, kitchen, laundry
• Kitchen and bathrooms dressed in the most beautiful stones
• Visitors bathroom

ONLY 42 EXCLUSIVE UNITS

Prices from the mid $200,000's... to the $300,000's...

Deposit Structure: 10% at contract - 10% when construction begins (first quarter 2007) - 10% prior to closing - 70% at closing end of 2008 - No property taxes for 20 years - maintenance 75 cents per M2

Panama City, Casco Viejo Penthouse

Top floor penthouse with incredible downtown as well as ocean views in prime area of historic Casco Viejo. Two floor, two bedroom art deco style condo. Fully furnished.

Rented for month: $1,800 USD per month (Negotiable)
Price for Sell: $375,000 USD

Category: Condos
Address: Avenida A, Calle 1, Casco Viejo, Panama City, Panama
For Sale/Rent By: Owner
Construction Year: n/a
Area: 180 m2
2 Bedrooms

Fore more info: projectpanamarealestate@yahoo.com

More news about Mel Gibson Projects in Panama

Ok, we have more news about Mel Gibson. He have some projects in your mind very interesting. Here is the notice:

"Director Mel Gibson could be soon scouting locations in Panama for his next directorial effort, media reported yesterday. Gibson dined Sunday night with Ruben Blades, a tourism spokesman and singer, who suggested his next project should be a remake of the 1950 film noir "Panic in the Streets," set in Panama, the Panama Tourism Bureau said in a news release.

Panamanian filmmaker Jose Severino was quoted in Monday editions of the daily newspaper La Prensa as saying that he was in negotiations with Gibson to produce a movie about Spanish explorer Vasco Nunez de Balboa, the first European to see the Pacific Ocean from its eastern shore."

WWE in Panama

WWE comes to Panama for the second time March 9 and is a great expectation so that now some fighters come who were not the last year. It seems to us that it is going to be a total success in Panama are many admirers of the wrestling and it completes time was the full Figali Convention center to all its capacity. I have understood that the fight that most interests is Umaga against John Cena, due to the quality of invincible that has the Samoano and the Cena resistance to be winner in each encounter. We do not know if Undertaker is going away face to face against Batista or if that fight is for Wrestlemania. We will already see that it happens and we will maintain informed.

Promissory Letter of Purchase

The Promissory Letter of Purchase (“Carta de Promesa de Compra Venta”) constitutes the basic document from which the parameters for the commercial transaction between the buyer and the seller, as well as between the seller and the real estate agent (broker) are established. This document reflects the obligation contracted by the seller in the event a sale is carried out without the direct participation of the real estate agent (broker). In turn, the latter shall not present any formal proposal to purchase a property, nor shall he/she engage in negotiations regarding the price of the property, without having been duly authorized to do so by the potential buyer. Likewise, the real estate agent (broker) is not authorized to formulate sale proposals regarding a property without the prior authorization of the property owner.

The commission for the seller
It is customary in the Panamanian market to set the commission level at 5%, to be credited to the real estate agent (broker) for the sale of a property. Nevertheless, setting the amount of the commission is free for negotiation between the parties. Except in the case of an agreement to the contrary, said commission shall be discounted from the payment received by the seller of the property.

Real Estate Procedures in Panama

In the website of ACOBIR we find some information about Foreign investments. In all real estate areas the foreign investments are welcome and present in Panama. The procedures to adjust to the legal requirements in this area are simple and easy to implement. In the particular case of retirees ( pensioners ) who rent, Panamanian legislation provides for tax exemptions when taking cars as well as household items into the country and discounts on the cost of bureaucratic processing regarding moving and getting settled in Panamanian territory. Furthermore, it grants many other prerogatives and privileges to said retired persons (pensioners), as well as ample financial opportunities in Panama’s modern banking center.

Land Registration System
All transactions pertaining to the sale and purchase of real estate should be registered with the Public Registry General Office (“Dirección General de Registro Público”) of the Republic of Panama. A Notary Public executes this registration, and that officer is responsible for verifying all the necessary steps and data. This serves as a guaranty to all investors.

Requirements to be a Realtor
It is necessary to have a professional capability license, issued by the Real Estate Technical Board (“Junta Técnica de Bienes Raíces”) of the Republic of Panama. Panamanian citizens and foreign nationals who have resided in Panama for over 5 years are eligible to request this license, as long as they pass the professional examinations required by the technical board in a satisfactory manner and further do not have any problems complying with the other mandatory requirements.

Panama Paradise for the Tourist and retired people

Panama is a great country, mainly for the tourists. Here is going to find everything cheap. In addition the climate is excellent, something warms up in quite rainy summer to second half of the year. Nevertheless it does not have of which to complain, we are in one of the most stable democracies in latin america. One of countries more safest of the continent, and excellent to make investments or to retire by life. If you wish to remain in Panama and to retire to live here, then you must make a good election for his house, apartment or land. It is always good for having a confidence lawyer that helps with these legal procedures. First, choose the place where one is going away to live, to find out the costs, to see that documents ask for the real estate company. This company that sells the apartment or the land generally offers the legal services without extra cost, but it is not of but being able to have an own lawyer. Same time you must make the adjustments necessary to remain in Panama of permanent way why also way to consult for the type of visa that will choose. All this is very important, if you wishes can write to us and we can advise it taste since we had a group of lawyers available to help it or to look for a property so that you can settle down yourself. Contact us to this email: projectpanamarealestate@yahoo.com

German:
Panama ist ein großes Land, hauptsächlich für die Touristen. Hier wird alles preiswert finden. Zusätzlich ist das Klima, etwas aufwärmt am ziemlich regnerischen Sommer zur zweiten Jahreshälfte ausgezeichnet. Dennoch hat es nicht von welchem, sich zu beschweren, wir ist in einer der beständigsten Demokratien in lateinischem Amerika. Eins von den Ländern am sichersten vom Kontinent und ausgezeichnet Investitionen bilden oder sich bis zum dem Leben zurückziehen. Wenn Sie in Panama bleiben und sich zurückziehen möchten, um hier zu leben, dann müssen Sie eine gute Wahl für sein Haus, Wohnung oder Land bilden. Es ist immer für Haben eines Vertrauen Rechtsanwalts gut, der bei diesen Gerichtsverfahren hilft. Zuerst wählen Sie den Platz, wohin man weggeht zu leben, die Kosten herauszufinden, um zu sehen daß Dokumente um die Immobilienfirma bitten. Diese Firma, die die Wohnung verkauft, oder das Land im Allgemeinen die Gerichtsdienste ohne Extrakosten anbietet, aber es sind nicht von aber seiend fähiges zu habendes, Rechtsanwalt zu besitzen. Die gleiche Zeit müssen Sie die Justagen notwendig einstellen, in Panama der dauerhaften Weise warum zu bleiben auch Weise, für die Art des Visum zu beraten, die wählt. Alles ist dieses sehr wichtig, wenn Sie können schreiben uns wünschen und wir ihm raten können zu schmecken, da wir eine Gruppe hatten, Rechtsanwälte, die, zum es zu helfen oder nach einer Eigenschaft zu suchen vorhanden sind, damit Sie unten abrechnen können sich. Treten Sie mit uns zu diesem email in Verbindung: projectpanamarealestate@yahoo.com

Spanish:
Panamá es un gran país, principalmente para los turistas. Aquí va a encontrar todo económico. Además el clima es excelente, algo caliente en verano, absolutamente lluvioso a la segunda mitad del año. Sin embargo no tiene de que quejarse, nosotros estamos en una de las democracias más estables de América latina. Uno de los países más seguros del continente, y donde es excelente hacer inversiones o retirarse por vida. Si usted desea permanecer en Panamá y retirarse para vivir aquí, entonces usted debe hacer una buena elección para su casa, apartamento o tierra. Es siempre bueno tener un abogado de confianza que ayude con estos procedimientos legales. Primero, elija el lugar adonde desea vivir, averiguar los costos, para ver que documentos pide la compañía de bienes raices. Esta compañía que vende el apartamento o la tierra ofrece generalmente los servicios jurídicos sin coste adicional, sin embargo no está de mas pero tener un abogado. al mismo tiempo usted debe hacer los ajustes necesarios si usted desea quedarse en Panamá de manera permanente porqué también deberá consultar el tipo de visa que elegirá. Todo esto es muy importante. Si usted desea puede escribirnos y podemos aconsejarlo puesto que tenemos un grupo de abogados disponibles para ayudarle o para buscar una propiedad de modo que pueda elegir usted mismo. Contáctenos con a este email: projectpanamarealestate@yahoo.com

Russian:
Ο Παναμάς είναι μεγάλη χώρα, κυρίως για τους τουρίστες. Εδώ πρόκειται να βρεί όλα φτηνά. Επιπλέον το κλίμα είναι άριστο, κάτι θερμαίνει το αρκετά βροχερό καλοκαίρι στο δεύτερο εξάμηνο του έτους. Εντούτοις δεν έχει από το οποίο να παραπονεθεί, είμαστε σε μια από τις σταθερότερες δημοκρατίες στη λατινική Αμερική. Μια από τις χώρες ασφαλέστερες της ηπείρου, και άριστες να κάνουν τις επενδύσεις ή να αποσυρθούν μέχρι τη ζωή. Εάν επιθυμείτε να παραμείνετε στον Παναμά και να αποσυρθείτε για να ζήσετε εδώ, κατόπιν πρέπει να κάνετε μια καλή εκλογή για το σπίτι, το διαμέρισμα ή το έδαφός του. Είναι πάντα καλό για την κατοχή ενός δικηγόρου εμπιστοσύνης που βοηθά με αυτές τις νομικές διαδικασίες. Κατ' αρχάς, επιλέξτε τη θέση όπου κάποια πρόκειται μακριά να ζήσει, για να ανακαλύψει τις δαπάνες, για να δει ότι τα έγγραφα ζητούν από την επιχείρηση ακίνητων περιουσιών. Αυτή η επιχείρηση που πωλεί το διαμέρισμα ή το έδαφος προσφέρει γενικά τις νομικές υπηρεσίες χωρίς πρόσθετο κόστος, αλλά δεν είναι αλλά όντας σε θέση να έχει έναν δικηγόρο. Ο ίδιος χρόνος εσείς πρέπει να καταστήσει τις ρυθμίσεις απαραίτητες να παραμείνουν στον Παναμά του μόνιμου τρόπου γιατί επίσης τρόπος να συμβουλευθεί για τον τύπο θεώρησης που θα επιλέξει. Όλο αυτό είναι πολύ σημαντικό, εάν εσείς οι επιθυμίες μπορούν να μας γράψουν σε και μπορούμε να το συμβουλεψουμε προτίμηση δεδομένου ότι είχαμε μια ομάδα δικηγόρων διαθέσιμων για να το βοηθήσουμε ή για να ψάξουμε μια ιδιοκτησία έτσι ώστε μπορείτε να εγκαταστήσετε κάτω από σας. Μας ελάτε σε επαφή με σε αυτό το ηλεκτρονικό ταχυδρομείο: projectpanamarealestate@yahoo.com

Japanese:
パナマはツーリストのための大きい国、主にである。ここにすべてを安い見つける行っている。さらに気候は第2 半年にかなり雨の夏に優秀、何かあたたまるである。それにもかかわらずそれはラテンアメリカの最も安定した民主主義の1 つに不平を言うどれの私達ある持っていない。大陸のより安全で、優秀な国の1 つ投資をするか、または生命までに退職するため。パナマに残り、ここに住むために退職したければそれから彼の家、アパートまたは土地のためのよい選挙をしなければならない。それはこれらの裁判手続と助ける信任弁護士を持っていることのために常によい。最初に、文書は不動産会社を頼むことを見ると1 つが、費用が見つけるために住む、だろう場所を選びなさい。アパートを販売するかまたは土地が一般に追加費用のないリーガルサービスを提供するこの会社、それはしかしでなくが有能な弁護士を所有することを持つべきである。同じ時間軌道のパナマに残るのになぜまた選ぶ査証のタイプのために相談する方法調節を必要にしなければならない。すべてこれはあなた自身解決できるように私達がそれを助けるか、または特性を捜す利用できる弁護士のグループを有したので私達に書くことができれば望めば私達が味がするためにそれに助言できれば、非常に重要であり。この電子メールに私達に連絡しなさい: projectpanamarealestate@yahoo.com

Greek:
Ο Παναμάς είναι μεγάλη χώρα, κυρίως για τους τουρίστες. Εδώ πρόκειται να βρεί όλα φτηνά. Επιπλέον το κλίμα είναι άριστο, κάτι θερμαίνει το αρκετά βροχερό καλοκαίρι στο δεύτερο εξάμηνο του έτους. Εντούτοις δεν έχει από το οποίο να παραπονεθεί, είμαστε σε μια από τις σταθερότερες δημοκρατίες στη λατινική Αμερική. Μια από τις χώρες ασφαλέστερες της ηπείρου, και άριστες να κάνουν τις επενδύσεις ή να αποσυρθούν μέχρι τη ζωή. Εάν επιθυμείτε να παραμείνετε στον Παναμά και να αποσυρθείτε για να ζήσετε εδώ, κατόπιν πρέπει να κάνετε μια καλή εκλογή για το σπίτι, το διαμέρισμα ή το έδαφός του. Είναι πάντα καλό για την κατοχή ενός δικηγόρου εμπιστοσύνης που βοηθά με αυτές τις νομικές διαδικασίες. Κατ' αρχάς, επιλέξτε τη θέση όπου κάποια πρόκειται μακριά να ζήσει, για να ανακαλύψει τις δαπάνες, για να δει ότι τα έγγραφα ζητούν από την επιχείρηση ακίνητων περιουσιών. Αυτή η επιχείρηση που πωλεί το διαμέρισμα ή το έδαφος προσφέρει γενικά τις νομικές υπηρεσίες χωρίς πρόσθετο κόστος, αλλά δεν είναι αλλά όντας σε θέση να έχει έναν δικηγόρο. Ο ίδιος χρόνος εσείς πρέπει να καταστήσει τις ρυθμίσεις απαραίτητες να παραμείνουν στον Παναμά του μόνιμου τρόπου γιατί επίσης τρόπος να συμβουλευθεί για τον τύπο θεώρησης που θα επιλέξει. Όλο αυτό είναι πολύ σημαντικό, εάν εσείς οι επιθυμίες μπορούν να μας γράψουν σε και μπορούμε να το συμβουλεψουμε προτίμηση δεδομένου ότι είχαμε μια ομάδα δικηγόρων διαθέσιμων για να το βοηθήσουμε ή για να ψάξουμε μια ιδιοκτησία έτσι ώστε μπορείτε να εγκαταστήσετε κάτω από σας. Μας ελάτε σε επαφή με σε αυτό το ηλεκτρονικό ταχυδρομείο: projectpanamarealestate@yahoo.com

Kind of Panama Passports and Visas

The Panamanian government has created several laws which, have been created to promote foreign investment in the country which benefits the local environment or local economy of Panama. Some of these programs offer temporary or permanent residency, citizenship, and passports and others may not. Some of these programs only offer temporary resident visas, or work permits.

PANAMA VISA TYPES
Permanent Residency & Passport:
* Small Business Investor Program
* Self Economic Solvency Visa
* Agricultural Investor Program
* Tax Free Processing Zone Investor Program
* Reforestation Visa

Temporary Immigrant Visa only:
* Missionary Visa* Student Visa
Immediate Panamanian Passport:
* Immediate Passport Program

Permanent Residency only:
* Retired or Pensioned Visa ProgramTo reside in Panama, indefinitely, as long as evidence is filed that applicant receives a pension, to pay for his expenses in the country, for a monthly minimum amount of USD 500.00 or its equivalent in any foreign currency, plus USD 100.00 for each dependant.

Temporary Work Visa only:
* City of Knowledge Work Visa

Multiple Entry & Exit Visa (Optional):
* Multiple Entry and Exit Visa: All foreigners having resident status in Panama must obtain a Return Visa. Therefore, after the main visa is granted, a Multiple Return Visa should be obtained when traveling abroad. This only takes two days and no major requirements. The Simple one will serve for one return entrance only, while the multiple one lasts two years.

A fiscal incentive in extinction

The cement shortage could delay the culmination of some works and those that are not registered in the Public Registry before the 31 of August of 2007 will lose the opportunity to benefit with the exoneration, for 20 years, of the tax of buildings.

The houses that received their permission of construction before the 1 of September of 2006 and whose improvements are registered in the Public Registry before next the 31 of August will enjoy 20 years of exoneration of the tax of buildings, but those that are registered after this date will lose that fiscal benefit.“If because of shortage of supplies of any basic material of construction, like the cement, it has delays in works and do not manage to register the improvements in time, this pair, for example, whose residence is valued in 300 thousand dollars, it will lose 15 years of exoneration”, notices the tributarista Oswaldo Lau. In agreement with the effective rates, the new house buyers will have to pay to the state treasury about 5 thousand 500 annual dollars by that property, as of year 2012. And the 15 years of exoneration that will lose as a result of the new established fiscal rules in the tributary reform of 2005 are equivalent to 82 thousand 500 dollars that they will have to remove from his pockets to fulfill this tributary obligation.

“When we have new properties with diminished exonerations, we will begin to see the change that will take place in the real estate sector in favor of the secondary market”, it emphasizes Lau. “There will be a distorted market, with properties just constructed that later enjoy 20 years of exoneration and others constructed to one or two years just by 5 years of exoneration, which will only affect the sale price to favor of the promoters”. “The staggered” elimination of the exoneration of the tax of buildings by 20 years will mainly harm the buyers of new houses of high value and will favor to the coffers of the State. One hopes that the collection of this tribute increases significantly as of this year. According to the statistics of the Main directorate of Ingresos (DGI), the Government collected by this tribute 47,1 million dollars in 2006, 6,5% more than in 2005. La Prensa .- Panama