| Long considered a shipping hub and
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| | consultations, etc. Panama is also one
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| offshore banking center for the Americas,
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| | of the best, if not the best, residency
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| Panama is enjoying an economic boom on a
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| | deals in the world today. For the
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| scale unmatched since the construction of
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| | price, the benefits are incomparable.
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| its famous canal 93 years ago.
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| | For instance, you can invest $40,000 in a
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| The country is luring investors and
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| | government approved and potentially very
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| expatriates worldwide, with interest
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| | lucrative reforestation project. This
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| further boosted by the recent approval of
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| | will yield a visa to the investor, spouse
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| a $5.25 billion plan that will double the
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| | and dependant children.
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| canal's capacity.
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| | Panama's modern amenities are similar to
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| The real estate frenzy is fueled by a
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| | that of North America, making life a bit
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| strong economy, government incentives for
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| | easier day to day. The communications
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| foreign investors, modern amenities,
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| | work, you can drink the water from the
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| attractive cost of living, world class
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| | tap, there's no currency exchange issue,
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| healthcare options, fantastic
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| | and it feels like home. Visitors and
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| recreational activities and a saturated
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| | residents alike value the diverse choices
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| US housing market for retirees has
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| | Panama has to offer, having the
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| attracted speculators and prospective
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| | opportunity to escape to a pristine beach
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| residents from California to Dubai.
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| | but not sacrificing the modern
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| These investors are purchasing
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| | conveniences such as a contemporary road
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| preconstruction bay front apartments,
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| | system, high speed internet access and
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| highland villas, and the latest luxury
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| | cable television.
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| development from Donald Trump -- a $220
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| | Panama has one of the lowest costs of
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| million 65-story residential, office, and
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| | living in all Central and South America:
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| hotel complex called Trump Ocean Club,
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| | A U.S.-style home can be built for about
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| with towers shaped like a yacht sail.
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| | $40 per square foot; unskilled labor
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| The Panama real estate market is directly
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| | costs $6.40 per day; a full-time live-in
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| linked to the overall economy, which
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| | maid costs $120 to $160 a month; a beer
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| continues to exude stability and growth.
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| | at a bar costs 35 cents; a cup of coffee,
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| Panama will lead economic growth in all
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| | 30 cents; a haircut and shave can cost as
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| of Latin America and the Caribbean in
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| | little as $2; an afternoon at a beauty
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| 2007 at a rate of 8.5%, according to an
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| | salon is $8; electricity is about 10
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| economic study of the region. José
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| | cents per kilowatt-hour; water bills are
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| Luis Machinea, the Executive Secretary of
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| | $18 per year; telephone service costs
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| the Latin America Economic Commission
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| | roughly $30 a month; Internet access is
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| (CEPAL), made the announcement in Chile.
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| | $14 a month; wireless is available for a
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| A few things including the recently
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| | bit more; cellular-telephone service
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| signed United States - Panama Trade
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| | costs about $30 a month plus a per-minute
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| Promotion Agreement, fuel the growth.
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| | charge of around 22 cents; and cable TV
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| The agreement is a comprehensive trade
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| | will cost you about $30 a month.
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| agreement that will eliminate tariffs and
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| | You won't fall short of recreational
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| other barriers to trade thereby
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| | activities in Panama. With two coasts,
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| strengthening the century old
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| | there are world-class water sports
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| geostrategic partnership between the US &
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| | available such as fishing, diving,
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| Panama. The Canal expansion, another
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| | sailing, etc. Given its geographic
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| major boost to the economy, is expected
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| | location, Panama is one of the worlds
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| to bring tens of thousands of new jobs
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| | best bird watching spots. The jungles
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| along with long-term incremental revenue
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| | of the interior have fantastic rivers to
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| for the country.
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| | run and fish. The options are
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| The Panamanian government has made a
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| | endless…
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| point to offer numerous incentives to
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| | The dream of owning a second home,
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| attract foreign investors. These
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| | retiring, or making an investment in a
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| including new construction property tax
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| | tropical paradise can become a reality in
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| exemptions, a very lucrative Pensionado
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| | Panama. Whatever your preference, there
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| (retirement) program that includes
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| | is a something for everyone. Panama
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| discounts such as 50% off entertainment
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| | real estate is hot right now…don't wait
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| prices, 25% off airline tickets, 25% off
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| | to stake your claim!
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| restaurant meals, 20% off doctors
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