Known as the bridge of the Americas, or “the land of birds and butterflies”, Panama is one of those countries that strikes with its beauty.
This country has it all. Strategic location, beautiful tropical beaches, mountain landscapes, a vibrant and cosmopolitan capital, business opportunities and a great environment.
Actually, in Panama, you will find the only place on earth where you can see both the Pacific and Atlantic oceans at the same time and that is the Baru volcano.
Panama has a remarkably high percentage of foreign population and there is a perfectly good reason for this. The country offers great migration and business options for foreigners who wish to live, work, and conduct business here, and all of them will feel warmly welcomed by the locals.
Walking the streets of Panama or the halls of Multiplaza mall, you will never feel like a foreigner. In Panama you will find people from all races, nationalities, cultures, and religions, living in peace and respecting each other. Everyone feels at home here and so will you if you take one of the many opportunities that Panama offers.
Why Panama? – Development opportunities
Thanks to the Panama Canal and to the policies implemented by the government, Panama has experienced an important growth in GDP, between 7% and 10% in the last decade. Thus, the Panamanian economy has become one of the fastest to grow in Latin America.
The expansion of the Panama Canal, inaugurated in 2016, and the project of the metro construction are only some of the highlights of a thriving economy, undoubtedly the best of the region.
Thanks to its unique geographic location, to its developed and secure banking system and to its business-friendly environment, Panama is one of the most important business hubs not only in Latin America but in the whole world.
An outstanding feature you will find in Panama is that it has one of the major engineering works of the whole 20th century and that is the Panama Canal.
At the beginning of the last century, ships would have to go all the way down across the continent to the only connection between the Atlantic and the Pacific oceans, in the Republic of Argentina in what is called the Beagle Channel. This meant a very long journey for ships trying to go from the Pacific coast to the costs of Europe or Africa, but the Panama Canal, built at the turn of the century, changed the history of maritime travels and navigation, in one of the greatest engineering works in history.
Up until today, the Canal is an enormous source of profit for Panama in a direct and indirect way, from the ships that go through the canal to all the job positions and industries that are possible and that develop thanks to it. It provides millions of dollars in revenue and allows for massive employment opportunities. Thanks to the Canal expansion in 2016, the traffic has significantly increased, allowing the transit of bigger vessels.
Tourism was actively developed during the last 5 years, due to some interesting incentives released by the government for visitors and retirees. Panama is considered to be one of the best places to retire in the world thanks to its low cost of living, peaceful environment, and migration incentives. A retiree that wants to live in Panama, all he has to do is prove a steady income of 1,000 USD a month for life, which can be either from a government or private institution. With this, the person and his/her spouse can legally live in Panama and enjoy many discounts in areas such as entertainment, healthcare, travel, and others.
But Panama is not only attractive for retirees but also for tourism in general. Visitors that come to Panama fall in love with the country, with its colorful colonial neighborhood Casco Antiguo, with its vibrant nightlife in El Cangrejo or Calle Uruguay, and with its amazing landscapes and entertainment opportunities.
Over the past decade, tourism has bloomed into a major services sector for Panama. In 2015, over 2.5 million visitors came to Panama, which is an impressive achievement for a small country with a population of only 3.5 million. Tourists came from all parts of the world: 40% from North America, 40% from the Central American region, and the remaining 20% from Europe and South America.
This industry accounted for more than 135,000 jobs in 2015, which represented 7,5% of total employment in Panama. Lately, tourism has been a key driver in GDP growth and one of the fastest-growing sectors in Panama’s economy (along with commerce, construction, and banking).
Being a country between two oceans, Panama offers many tropical beaches both on the Pacific Ocean and the Caribbean Sea. If you enjoy surfing you can go to a Pacific beach like Playa Venao, but if you only want to relax in the peaceful waters of the Caribbean, you can choose San Blas or Bocas del Toro.
Panama has also great diving and snorkeling spots. If you want to watch and get to know some of the best sea life of the region, we recommend Isla Coiba on the Pacific side, which is considered the best snorkeling place in Panama.
However, Panama is not only a tropical destination as many may think. It also offers great hiking options and mountain landscapes. If you don´t like tropical weather then you can choose to visit Boquete, a beautiful mountain town in the Chiriqui province (which is where our project is located). Here there is a mild temperature between 14 and 25 degrees Celsius, having different weather than the rest of the country. Here you will also find great coffee and a wide community of ex-pats that will make you feel at home.
Dollar based economy
Panama is one of the few countries in Latin America that uses the US dollar as their currency. This is very convenient both for travelers and residents as the former don´t need to worry about the exchange rates and the latter enjoy a strong economy and are protected from the inflation issues that strike Latin America.
Medical services and first-class healthcare at low prices
Among other things, Panama offers great health insurance and medical services at very affordable prices. In Panama, you will find that many doctors speak more than one language and are usually very well trained in English. Some of the medical facilities and hospitals in Panama offer the latest diagnostic services and technology. Medicine is available at very good prices and medical insurance is very affordable, especially when comparing with the US or Europe.
Panama has very prestigious medical centers like Punta Pacifica and there is a project that is expected to be finished by 2021. This project Is called City of Health and it will be an enormous medical complex that intends to provide the best medical attention and technology in the region.
Visa and Residency
Panama is widely known for its immigration visas and residency programs. This country actually has one of the most innovative and straight-forward visa programs called the friendly nations visa. This option is available for citizens of approximately 50 countries that are considered to be in good relations with Panama. With a simple procedure, these citizens can obtain a residency for life in only a few months. They need to show a financial connection to Panama (work contract or company registered), deposit 5,000 in a bank account (which can be recovered after obtaining residency). Another great option is the pensionado visa, which we will write about further down.
Panama has modern and comprehensive legislation when it comes to tourism investment. In fact, this is one of the best tourism investment legislations in Latin America and the Caribbean. Panama´s law 80 offers great incentives for special tourism zones such as 100% exemption from income tax, real estate tax, import duties for construction materials and equipment. The government has set out special tourism zones which have many benefits like the ones described here and even, in some cases, tax holidays.
The best retirement benefit program in the world
Panama is one of the greatest places in the world for retirees. It has much lower costs than Europe and the United States, great quality of life, and a warm Caribbean climate. Besides, the government has released a special visa called pension-ado visa, thanks to which a person can obtain residency only by proving they have a steady lifetime income of at least 1,000USD. This plus a health certificate and a police record, are mainly the requirements for such a visa.
And that is not it. Retirees in Panama have also access to great discounts and benefits in areas such as medicine, healthcare, entertainment, and others. Here is a list of some of these benefits:
- 50% on entertainment like movies, concerts, theaters, etc…
- 25% in restaurants
- 50% on hotel stays Monday through Thursday.
- 30% in bus transport, ship, and rail.
- 25% on tickets for domestic and international airlines.
- 10% on medicine (and cheaper than the U.S.).
- 15% for dental and eye exams.
- 10% of the final cost of home loans.
A great opportunity
Today, Privatus Maximus is offering a unique investment opportunity to buy land in one of Panama’s most beautiful provinces, Chiriqui, which is located near the border with Costa Rica. On this land, there is a plan to build a fantastic resort with a golf camp and a marina.
The land is located within a 50-minute drive from the David International Airport, from which you can find regular flights to Panama City along with international flights. From the David airport, you will find connecting flights with many major destinations such as Canada, the USA or Europe, thanks to the national and solid Panamanian airline called Copa Airlines.
The size of the land is 115 ha and it´s divided into two zones, both with easy access to the Pan-American highway. The Northern zone is 103 ha and the southern zone between the Pan-American and the Pacific is 12 ha.
Both lands are duly titled and registered in the Registro de la Propiedad of David, which is the province´s capital.
Privatus Maximus, along with its partners is offering land that´s divided into two sectors: A marina with 12 has and a Golf camp with 103 ha. Both areas belong to the master plan project. After purchasing this land, the investor can develop the project infrastructure and sell it in different lots. He will be able to sell the land before or after the buildings have been constructed.
The resort will be built with an exclusive design for the reduction of the environmental impact and recycling of waste, but most of the land will be left to be used as a major and exclusive golf camp and a display of botanical gardens of exquisite beauty.
The resort will be specially designed for the well-being of residents and visitors, with diverse sports facilities, a SPA, a yoga hill, thus promoting the development of physical and mental health.
Health is such an important aspect of this project, that a hospital has been included. The resort will have a medical center where the best service will be provided. High-quality medical attention will be offered here by some of the best doctors in the country.
With the goal of improving and developing people’s health, the entire residential design is focused on walking, biking, and golf cart transportation. The car traffic will be reduced to the minimum needed for easy communication and transportation within the facilities. However, the priority here will be the wide spaces that will allow people to stroll freely, ride their bikes, jog, and exercise.
This resort will be a great place for retirees and oldsters as they will have the necessary facilities that will allow them a healthy lifestyle, close to nature, with spaces for walks and exercise and with a health center at their disposal. Thus, they can have access to great healthcare at a fraction of the price that they would pay in Europe or the US.
Thanks to its location in one of the best and quieter zones of Panama, its mild climate, its infrastructure, and its medical center, this isolated resort will be a place that can keep you safe from possible future health crises like the current coronavirus. Who wouldn’t want to live here?
This project is great for families and people of all ages.
- A unique 18 Hole Golf Course with amazing ocean view.
- Horse riding at our Equestrian Center or Cross Country through the bordering mountain
- Tennis and Gym at the Sanctuary Gym Center
- Swim and relax at the Sanctuary Club House Pool or in one of the numerous pool areas
- Bird watching at our Botanical Garden
- Kayaking, Rafting in the uphill river
- Fishing at the world-renowned Hannibal Bank from the Yacht Club
- Scuba diving
- Surfing within a 5 min. drive in one of the Pacific beaches
Finally, the project will include a set of luxury condominiums with a preferential view of the ocean or the mountain. Designed around a large garden and with accessible pool areas, the condos will have modern facilities and apartments from 1 to 5 bedrooms. This peaceful and beautiful environment is the perfect opportunity for a nice life within a friendly community, reinforcing the connections between the residents.
Urban management approvals
- P.O.T.(Territory Ordination Project) approved
- Master Plan (approved)
- Environmental Impact Study
- River concession for water supply
- 8 Waterholes fully legalized for water supply.
Land main attributes
- Stunning ocean views
- Direct access from the Pan-American highway
- Crossed by the Salado river along 1 km
- Access to The Pacific Ocean through the estuaries
- Topography characterized by rolling hills
- Las Lajas beach at just 15 min. drive
- Great location
- Frequent international and domestic flights from David
Privatus Maximus has distinguished partners in different parts of the world.
Our experts have wide experience in asset protection tools like the Cyprus international trust or the Nevis trust, and also corporate and family office services worldwide, having offices all around the world including Latin America, Europe, the Middle East and Asia.
Our goal is to provide a plan which will help our clients to create the safe structure they are looking for, in order to protect themselves and their families in times of distress and uncertainty.
Asset protection and tax optimization are important goals to keep in mind during troubled times, but the most valuable asset a person can have is freedom. Freedom of speech, freedom to travel, freedom to live in safe surroundings. Privatus Maximus Offshore works together with its partners with this philosophy in mind, and this is the basis of our practice.
With this asset protection plan we offer great investment options from our partners. In this case, we offer an investment in a great project with a golf club, a marina, a beautiful resort which includes a health center and many facilities that will help you keep a healthy and active lifestyle.