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This post is part important marketing information and part shameless self promotion, both of my genius at web design, copy-writing and marketing and to get your eyeballs on my projects new website.
Several U.S. advocacy groups are climbing on the band wagon to try force Panama to become more compliant in their tax information exchange. The have names such as "Tax Justice Network" and "Public Citizen", names which would indicate they are advocates for freedom. What they really have in mind is enslavement of the populace by
eliminating any option one might have to protect his/her wealth from the greedy politicians and tort lawyers who support them. They are really working for the state under the guise of working in your best interest!
Although this may initially look like a put down of Panama it is actually a very positive aspect of the country. Were not talking about Panama being a pain in the ass, although many would argue that it is, were talking about paved roads from the airports in Central American countries and how it affects life and investment. My friend Kevin Brass has the story on his International Property
Journal.
Although much of what I post deals with economic issues and their affect on business, the fact is for those looking for quality of life and low cost of living, no place can beat Panama for retirement IMO. Forbes came out last month with it's top 10 retirement destinations and Panama was listed forth on their list with the only negative mentioned as "pockets of
corruption".
Although this does not directly affect Panama yet, it is of such importance that I wanted to share it with my readers. Bob Bauman wrote a great overview of what is going on in his Offshore Blog.
The $600 million mega project, Los Faros was announced back in 2006 with much fanfare and held up as additional proof that Panama was the choice of major project developers from around the world. With over 2000 apartments and a
200 room hotel, it was scheduled to be completed in 2009.
One would think that with fewer ships being used worldwide the demand for repairs of those in operation would be higher, but as this story points out, ship owners just don't have the money to repair their vessels.
Panama’s credit-rating outlook was raised to positive by Standard & Poor’s, putting the Central American country on the cusp of an investment-grade rating, as tax increases and faster economic growth help keep the budget deficit in check.
I am very happy to see that the government still plans on implementing the flat tax system. This will be a big boon to business and a simplification of the existing and confusing tax system currently in place.
A reader sent me this article on Dubai world and the sad story of the bust of one of the grandiose residential real estate projects of all time. Read the complete story at Time.com Depending on your point of view, the World is either the apex of mankind's ingenuity or a cautionary tale about the feverish excesses of Dubai's 21st century boom.
Panama Pacifico is the exciting 1,400-hectare redevelopment on the site of the former U.S. Howard Air Force Base into a major new community in Panama with a variety of uses including corporate headquarters, call centers, offices,
logistics facilities, new homes, a championship golf course, hotels, retail, schools, health center and other amenities.
I have posted on this company before because I find it fascinating that a sport fish can be farm grown in deep water. The fact that it is being accomplished here in Panama makes it
even better, Interesting read from Cleantech.com. |
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Prima Panama
PO box 87-2100
Plaza Concordia Zona 7
Panama City, Other 0000000
Panama |
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