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

Park Avenue Tower - Costa del Este, Panama City

Perfectly located, Park Avenue Tower, offers apartments and lofts of 3 you rechamber, with spectacular views to the park, the sea and the city. Designed by the recognized Mallol&Mallol company, this project consists with spectacular common areas, like the social area with swimming pool of 30m, mini theater, saunas, gymnasium and dance hall, as well as a Garden Meditation in the level but high, with a privileged Vista to the park and acclimated with Zen. concepts All the apartments and lofts have balconies, include a/a and Jacuzzi (except model D)

Price: $ 321,000

Panama City Condo - Punta Pacifica

This luxury residential project is composed of condo towers, two exclusive villas, and 12 lots for single family homes. It is located in the Punta Pacifica area of Panama, home to the most exclusive and high end projects. Perched high above Panama City (29th floor), the owner of this enormous condo will enjoy fantastic views of the Pacific Ocean and city skyline. This project is without a doubt one of the best conceived in the country, stressing intelligent floor plans, privacy and security. The location is excellent, within walking distance of the best shopping mall and hospital in the country (Johns Hopkins). Amenities include a children's recreation area, sidewalks to the mall, a spectacular clubhouse and a social area with pool, saunas and a room for parties.

Price: $735,000

Location: Punta Pacifica
City: Panamá
Beds: 3
Baths: 5 Full and 1 Half
Property Type : Condos And Apartments
Living Sq. Ft: 4090.32 (380 Sq. Meters)


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

Medical Tourism in Panama for foreign retired citizens

Panama begins to explore the medical tourism like an attractive element for the visitors. One is an activity that already is being developed in order to promote to the country as a new offering destiny of conjugated medical services with the tourist activity, mainly for the segment of rejoiced of the United States with high spending power. "We considered that Panama must find conditions that allow us to the tourism to be an alternative of added value and to manage to be more competitive", Jaime Campuzano says, president of the Camera of Tourism of Panama. In agreement with the expert, Panama begins in this line of the tourism, being adopted North American medical technology that, stops most of the Latin American citizens is reliable. Campuzano explained that "the country counts on the facilities, the technology and professionals and this will allow to attract more visitors, mainly of the United States. This activity will increase the tourism, since he is something novel that is taking height in the region ".

Also the manager of the Hotel the Panama, emphasized that the idea is to obtain that an endless number of North American medical benefits is offered in Panama to increase the visits of American retired citizens to the country, since many count on a high spending power that allows them to make important investments in residential tourism, businesses or recreation. The subject of the medical tourism also was treated by recognized journalist Andrés Oppenheimer, who was recently in Panama to dictate the conference "Central America, a flirting with the foreign investment". In agreement with Oppenheimer, if Panama accepted all the medical insurance policies of 5 or 10 hospitals in the United States would generate tranquillity and security to the visitors, who watch Panama as second residence, to visit or to make tourism.

The international expert emphasized that in next the two or three years, the United States and Europe will reach around 200 thousand retired ones and to catch that market, in medical facilities, although is a minimum percentage, will create a positive impact to the industry of the Panamanian tourism. The strengths of the isthmus for this commerce are in the geographic position, the tourist height, accessible hospitable costs and the use of technology outpost. The Free Trade Agreement between Panama and the United States will impel east sector since the medical specialties are a high potential for the foreign investments, assure the experts. In Panama already important medical infrastructure investments have been made like the one of Pacific End that had a cost of 40 million dollars. The hospital counts in addition on the endorsement to Johns Hopkins Medicine, one of the most prestigious hospitals of the United States. Recently, representatives of the American military visited Panama in search of attractive medical plans for their clients. Panama is characterized to by counting on high technological innovations and low medical costs.

Ocean Trump Plaza - Prices and information

Famous real estate developer, Donald J. Trump of the Trump Organization and Mr. Roger Khafif, President of the K Group (A Panama Resort Developer), unveiled a $220 million, mixed-use development to be named Trump Ocean, International Hotel and Tower in Panama City, Panama. The project has been expanded from 1.8-million-sq.-ft project to a 2.4-million-sq.-ft, 65 story waterfront condominium tower development that will include 300 hotel condominium units, 500 condominium units, 1500-1700 parking spaces, retail shops, an International Casino, a private beach club on Contadora Island, a 24-hour Yacht Club and Pier, world-class wellness spa, state-of-the-art gym, pool deck, full-service meeting and event spaces, and a business center. It is expected to be completed in 2009. This is the Trump Organization's first real estate investment in Central America.

The Trump Ocean Club, Panama, is being built on a beachfront lot with views of the Pacific Ocean and the Panama Bay, in the district of Punta Pacifica. Punta Pacifica is a newly developing area on a peninsula that extends into the Pacific Ocean, bordering the financial center and the residential area of Punta Paitilla, on land that was reclaimed from the sea. It neighbors high-end malls, high-rent offices and other luxurious high-rise condominiums. It is linked directly to the rest of the city by the new highway called 'Corredor Sur' that guarantees accessibility to any area, including the airport, in less than 15 minutes.

The 62 story tower will offer flow-through panoramic views in addition to over-the-top detailing such as designer kitchens, nine-foot ceilings, and excellent amenities. Its urban location puts residents in close proximity to trendy shops and tantalizing restaurants and outdoor cafes.

1 or 2 bedroom/bathroom apartments ( 72 m2 / 775 sq.ft. - 145 m2 / 1560 sq.ft.) are available in pre-sale.

Prices from: $562,400

Contact us: projectpanamrealestate@yahoo.com

Mel Gibson searching house in Panama

The actor and director of the awarded fild "Braveheart" is having vacations in Panama since last tuesday nigth. Mel Gibson is staying at the Playa Bonita Resort & Spa. under strict security measures. El director of the "Passion of the Christ" and "Apocalypto" will visit Venao Beach, in the Azuero Peninsula, where he invested in several lots.

According to a private source, he rented an helicopter to inspect the lots and visit beaches and marine scnerios from Panama.

Version en español:
El actor y director de la galardonada "Braveheart" (Corazón valiente) se encuentra de vacaciones en Panamá desde la noche del martes, procedente de Costa Rica.
"Mel se encuentra hospedado bajo estrictas medidas de seguridad", en en el hotel Playa Bonita Resort & Spa. El director de "La pasión de Cristo" y "Apocalypto" visitará la playa Venao, en la península de Azuero, donde habría invertido en la compra de terrenos.Gibson está acompañado por uno de sus once hermanos.
Una fuente privada dijo que el actor alquiló un helicóptero a una empresa local, con el propósito de recorrer sitios turísticos y escenarios marinos de la zona. El artista fue reconocido en el aeropuerto panameño por la agente de tráfico aéreo Tania Brathwaite.

ACOBIR - Rules the Realtors in Panama

The Panamanian Association of Real Estate Brokers and Developers (ACOBIR) was created at the end of 1973 (see history) by its first president, businessman Jaime R. Correa. This is integrated by the oldest and prestigious companies of the country dedicated to the industry of the brokerage and promotion of real estate, which constitutes an important economic force that benefits direct and indirectly all the country

ACOBIR belongs to important international organizations and federations, such as: National Association of Realtors (NAR) with seat in the United States, with many thousand of associates in all the United States and in the rest of world; Central America, Panama and the Caribbean Federation of Chambers and Real Estate Runners (FECEPAC-ACBR), which unionize all the Central American countries plus some of the Caribbean area; to the International Federation of Real Estate Professions (FIABCI) with seat in France, which unionize more than a thousand members, mainly of the European Continent. Also it belongs to national organizations such as the National Board of the Private Company (CONEP), the United States - Panama Business Board- (USPA), the Urban Chamber of Panama and to the Directive Council of Conciliation and Arbitration Centre of Panama, exerting the second vice-presidency; in addition it belongs to the Technical Board of Real Estate, in the Ministry of Commerce and Industries, entity created by the Decree Law nº6 of the 8 of July of 1999, by which the profession of Real Estate Agents is regulated. Also it is represented at the ARI Board of Directors.