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Page 1: www INDEX Beach CommunityIsla Iguana: The Panamanian Galapagos 18 The Model Homes 19 The Tucan 20 The Dolphin 22 The Whale 24 Amenities 26 Getting To Pedasí 27 Frecuently Asked Questions

COSTA PEDASÍBeach Community

www INDEX

Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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INDEX

PanamaFacts&Figures 3

PanamaToday 4

StableAndGrowingEconomy 5

World‐ClassGolfing,Sailing,Diving,RaftingAndFishing 6

SafetyAndSecurity 6

LowCostOfLiving 7

World‐ClassModernInfrastructure

WarnClimateAllYearRound 8

AGreatRetirementDestinationAForeignInvestorAndRetiree‐FriendlyGovernment 9

Globalized‐Culture 10

CostaPedasí:TheCommunity 11

LiveYourDream 12

Location 13

TheAzuerosPeninzula:TropicalTuscany 14

Pedasí 15

IslaIguana:ThePanamanianGalapagos 18

TheModelHomes 19

TheTucan 20

TheDolphin 22

TheWhale 24

Amenities 26

GettingToPedasí 27

FrecuentlyAskedQuestions 28

HowToReserve 32

LegalRepresentationContact 33

Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

www INDEX

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PANAMAFACTS&FIGURESOfficialName:RepublicofPanama(RepublicadePanama)

Capital:PanamaCity

Nationality:Panamanian

Languages:Spanishistheofficialanddominantlanguage

spokeninPanama.However,Englishisnowasecondofficial

languageandwidelyspoken.

Currency:BalboaandUSDollar

Population:3,191,319(July2006est.)

PopulationGrowthRate:1.6%(July2006est.)

GovernmentType:ConstitutionalDemocracy

Army:Abolishedin1990

www INDEX

3Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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PANAMATODAY

Thereisareasonwhynumeroustravelpublicationshave

ratedPanamathenumberonesecondhomeandretirement

destinationintheworld!Morethanitsfamousandimportant

Canal,PanamaisLatinAmerica’sparadise.

Itswarmweather,diverseecosystem,breathtakingbeaches,high

standardoflivingandtrulyaffordablerealestatemakeitanideal

placetoinvestinandestablishasecondhome.

Duetoitsproximitytotheequator,Panamadoesnotsufferfromthe

frequenthurricanes(oranyothernaturalcatastrophes)thatplagueits

neighboringCaribbeanandsouthernUScoasts.

Panama’sweatherisseparatedbytwoseasons,thedry(orsummer

season),whichlastsbetweenthemonthsofDecemberandApril,and

thewet(orwinterseason)fortheremainderoftheyear.Temperature

variationsacrossdifferentregionsofthecountryarepresentprimarily

duetotheiraltitudeandproximitytotheocean.

www INDEX

4Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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STABLEANDGROWINGECONOMYPanama’seconomyregistersitsgreatesteconomicgrowthinfiveyears,

growingfrom6.4%in2006to11.2%in2007.AccordingtoReuters,

PanamaisoneofLatinAmerica’sfastest‐growingeconomies,spurredby

increasedcanaltraffic,aboomingconstructionsector,buoyantbanks

andincreasedexportsoftropicalfruit.

TheCanalExpansion,aUSD$5.25billionprojectisaimedatdoublingthe

capacityofthecanalandattractinganincredible40,000jobsduringthe

estimatedtimelineofseventoeightyears.

www INDEX

WiththeU.S.dollarcirculatingaslegaltendersince1904,

Panama’seconomicstabilityprovidesverylowinflationratesand

virtuallynocurrencyfluctuations.

PanamahasdevelopedasuccessfulandHi‐Endinternational

“BankingCenter”inLatinAmerica,withmorethan85banks

from35countries.Panamaalsohastransparencyandsecurity

standardsworthyofaFirst‐Worldservice.

5Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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WORLD‐CLASSGOLFING,SAILING,DIVING,RAFTINGANDFISHING

SAFETYANDSECURITY

Panamaishometosomeoftheworld’sbestgolfcoursesdesignedby

thelikesofJackNicklausandArnoldPalmer.Panamaisalsoknown

foritsexcellentfishingandishosttomanyinternationalfishing

competitions.

PanamaisconsideredoneofthesafestcountriesinallofSouthand

CentralAmerica.Panamaniansareextremelyfriendlyandwelcoming

people,andforeignerswholiveinPanama,willtellyouthattheyfeel

verysafeandthatstreetcrimesareuncommon.

www INDEX

6Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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LOWCOSTOFLIVING

WORLD‐CLASSMODERNINFRASTRUCTURE

EventhoughPanamaboastsastandardoflivingthatiscomparableto

NorthAmericaandEurope,thecostissignificantlylower.Forexample,

afull‐timelive‐inmaidwouldrunapproximately$250monthly;ataxiwill

charge$2tovirtuallyanydestinationwithincitylimits;amovieinaNorth

Americanstylecinemawillcostunder$4;anafternoonatabeautysalon

is$8;agardenerwillroughlycost$10aday;andaluxuriousrestaurant

meal(includingappetizers,sides,drinks,andtips)willcostcloseto$50

percouple.

Panamafeaturesoneoftheworld’smostsophisticatedtelecommunicationsnetworksandfirst‐

worldcountrywideroadinfrastructure.Thecountry’smodernshoppingmalls,bankingcenter

andhospitalswilleasilyrivalanyofthoseinNorthAmerica.Withapurifiedtapwatersystem,

high‐speedInternetaccess,cableTV,internationalrestaurants,clubs,casinosandmuchmore,

you’llfindthatmakingthetransitiontoPanamaiseasywhenalltheluxuriesofbackhomeare

withinarm’sreach.

www INDEX

7Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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WARMCLIMATEALLYEARROUND

AGREATRETIREMENTDESTINATION

Panamaofferswarmweatherallyearround,withtemperaturesfluctuating

between22and30degreesCelsius.Duetoitsproximitytotheequator,

PanamadoesnotsufferfromthefrequenthurricanesthathittheCaribbean

andsouthernUScoast.

Panamahasbeenrankedbynumeroussourcesasoneofthebestplacesin

theworldtoretire.InSeptemberofthisyear,ithasbeenrecentlyannounced

“Forthesixthconsecutiveyear,thesamecountryhascomeoutontopof

theILGlobalRetirementIndex.Aftercloselyreviewingeightkeyfactors:

RealEstatePrices,SpecialBenefitsforRetirees,CostofLiving,Safetyand

Stability,HealthCare,Climate,Culture&Entertainment,andInfrastructure,

Panamacameoutthetopdestination”.Thisisnotsurprisingconsidering

theattractiveincentiveprogramretireesreceive(discountsofupto50%off

onentertainment,transportation,accommodations,restaurants,hospital

bills,prescriptionmedicines,medicalconsultationandexams,utilitybills,and

muchmore)

www INDEX

8Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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AFOREIGNINVESTORANDRETIREE‐FRIENDLYGOVERNMENT.Panamahasthebestretireebenefitsplanintheworldandalso

aninvestor‐friendlygovernment.DoingbusinessinPanamais

apleasurebecausemanyinPanama’sentrepreneurialclassare

US‐educated startingwith PresidentMartin Torrijos himself

andhistopofficials.

Someofthebenefitsforretirees:

50%offentertainmentincludingmovies,concerts,theateretc.

(aregularmovieticketcosts$4‐theretireepriceis$2.)

25%offrestaurants

50%offhotelaccommodations

30%offbus,boatandtrainfares

25%offdomesticandinternationalairlinetickets

10%offprescriptionmedicines(muchcheaperthanUSprices

tobeginwith)

15%offdentalandeyeexams

50%offclosingcostsforhomeloans

Unlikeothercountries,inPanamaforeignerswhobuyproperty

enjoyallthesamerightsandprotectionsasPanamanians.

www INDEX

9Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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GLOBALIZED‐CULTURE

Panamanianhavealonghistoryoflivingandworkingwith

foreignersandtheyactuallyenjoyforeigners.There’sasayingthat

Panamawas“bornglobalized”.

Historically,Panamaishometoimmigrantsfromallover

theworld.Thedifferentcommunitiescomprisedofdifferent

nationalitiesandraceshavegetalongamicably.LikemostLatin

Americancountriesmostcommonare“mestizos”orpersonswho

areacombinationofEuropeanandIndianorigin.

YouwillfindthatPanamananiansarefriendlyandfunloving.Of

specialnoteistheirpredilectionforbeautyandelegance.This

senseofbeautyisvisibleinmanyways,fromthedelicacyoftheir

Indianhandicrafts,totheirbeautifullygroomedwomenandinthe

PanamaCity’smanywellappointedneighborhoods.

LocatedinCentralAmerica,Panamaiseasytogetto.Itisjust3to

5hoursbyplanefromtheUnitedStatesofAmerica,therearenon‐

stopdailyflightstoMiami,Atlanta,Houston,Dallas,Newark,Los

Angeles,NewYork,WashingtonD.C.,OrlandoandFortLauderdale

servedbyDelta,Continental,American,CopaandSpiritAirlines.From

Europe,KLMhas3directlyweeklyflights.FromCanada,AirTransat

hasaweeklyCharterflightoutofToronto.

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10Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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www INDEXCOSTA PEDASÍ: The Community

11Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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CostaPedasíconsistsofprivatevillasenjoyingstunningoceanviews.

Thecommunityresidesonahillfacingthecoast.Allhomes,whetherdirectlyadjacenttothebeachorfartherback,

enjoyaclearviewoftheinspiringPacificOceanandexperienceitscaressingbreeze.

LIVE YOUR DREAM

12Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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Pedasí

Panama City

Tocumen

Gamboa

Colón

Arraiján

Chorrera

Capira

El Valle

Rio Hato

Penonomé

El Caño

Divisa

Chitré

Guararé

Las Tablas

Pocrí

Venado Beach

Santa Clara Beach

LOCATION

SeemapinGoogleMaps

13Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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“CostaPedasi”residesinthemostattractiveregion

ofPanama–theAzuerosPeninsula.Visitorsfrequently

likenthisregiontothepicturesqueTuscany,Italyand

theGuanacasteregionofCostaRica.Largestretchesof

rollinghillsmeetvastexpansesofsoftsandybeaches,

atthefootofwarmsoothingwaters.

Friendly,welcominglocals,hardlytarnishedby

modernity,providetheirforthcomingassistanceasyou

findyourwaytoyourblue‐greenoceanicdestinationor

thelocalmini‐market.

YettheAzuerosPeninsulaalsoprovidesextensivefirst‐

rateinfrastructure:

Contemporaryroads,landlineandcellular

communications,robustelectricity,drinkabletap

water,up‐to‐datehealthcenters,modernhospitals,

andcommercialactivitycreateanidealcombinationof

tranquilityandconvenience.

THE AZUEROS PENINSULA: Tropical Tuscany

14Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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OnlyamilefromournewbeachfrontcommunityatCosta

PedasíliesthepicturesqueVillageofPedasí,offering

restaurants,hotels,bars,supermarkets,andmedicalclinics.

Whenyouseektoshopforsomeofyourdailyneeds,run

errandsorinteractwithlocalsandtourists,youmayvisitthis

quaintvillage,locatedjust5minutesfromyournewproperty.

Joincelebritiesandmanyothersfromaroundtheworld

whohavechosenPedasíastheirnewfirstorsecondhome

destination.

PEDASÍ

15Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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Thoseseekingmoreactivelifestylesmayenjoythe

plethoraofwatersportsandwildlifeopportunities

readilyaccessibleforthetaking.Pedasiarea

offersworldclasssurfing,deepseafishing,diving,

snorkelingandhikingNatureloverswillfindin

Pedasíawildlifeexplorationheaven.

PEDASÍ

16Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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PedasiandtheAzueroPeninsula,haveaverydiversemarine

ecosystemandfantasticoffshorefishing.TheAzuero

PeninsulaisoftenreferredtoastheTunaCoastforits

abundanceofyellowfintuna.Howevertunaisnottheonly

fishthatcanbefoundinthewatersnearPedasiandinthe

AzueroPeninsula.Therearenumeroustypesoffishincluding

Wahoo,Snapper,Grouper,Dorado,MackerelandAmberJack

(tonameafew)thatcanbefoundinPanama’sAzuero

Peninsula.

PEDASÍ

17Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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MinutesawaybyboatfromCostaPedasi,this

islandprovidesvisitorsaveritablenatural

wonderland.Amidst35acresofcoralreefs,13

coralspeciesandanastounding200species

offish,IslaIguanaoffersthebestsnorkeling

inthecountryandoutstandingdiving

opportunities.

Thisislandfeatureshumpbackwhalesinits

waters,giantiguanasandtheyearlynesting

siteofthe4‐footCareyseaturtle.

Birderscanenjoytheregion’slargestcolony

ofmagnificentfrigatebirdswiththeirpuffed

redchests,withouttravelingtothemore

distantGalapagosIslands.

www INDEXISLA IGUANA: The Panamanian Galapagos

18Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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Inour235acredevelopment,youmaychooseastate‐of‐the‐arthomefromone

ofour3modeldesigns.Ourarchitectfirm,Mallol&Mallol,hascreatedacolonial,

openandairydesignthatmaximizesbreathtakingoceanviewsaswellastop‐

of‐the‐linefeaturesandamenities,includingaprivatepool,privatecargarage,

multiplerestroomsandfirstclassmaterialsineachmodel.

Atthesametime,ourmodelsprovidenaturalflowandfunctionalliving

environments.Alternatively,ifyouprefer,youmayletyourimaginationgoand

designthecustomizedhomeofyourdreams.

THE MODEL HOMES

19Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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Thiscomfortablemodelallowsbrilliantoceanviewsformostareasofthehouse.TheTucan’smasterbedroom,livingand

diningroomsspillintothewidedecksurroundinganopenairpool,facingthebeach.

THE TUCAN

20Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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‐Totalarea:2,766squarefeet(257squaremeters),ofwhich1,388

squarefeet(129squaremeters)areenclosed‐Ceilingheight:12feet

(3.65meters)

‐Directoceanviewsfromthelivingroom,diningroom,master

bedroomandpool

THE TUCAN

‐Twobedrooms,eachwithitsownfullbathroom

‐Openkitchen

‐Openonecargaragewitharooftop

‐Pool

21Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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Thismodel’sroomydesignconferssensationaloceanviewsonmostareasofthehouse.TheDolphin’smasterbedroom,livingand

diningroomsspillintothedecksurroundinganopenairpool.Thevilla’sfloorplanseparatesitsprivatespace–encompassingtwo

bedroomswithprivaterestrooms–fromitspublicareas.

THE DOLPHIN

22Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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‐Totalarea:3,089squarefeet(287squaremeters),ofwhich2,013

squarefeet(187squaremeters)areenclosed

‐Ceilingheight:12feet(3.65meters)

‐Directoceanviewsfromthelivingroom,diningroomandmaster

bedroom

THE DOLPHIN

‐Twobedrooms,eachwithitsownfullbathroom

‐Live‐inhousekeeper’ssuite,includingabathroom

‐Guests’bathroom

‐Openkitchen

‐Enclosedonecargarage

‐Pool

23Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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TheWhale’sgrandfoyerentrancehallfacesanopenpooldeckoverlookingthePacificOcean.Inthemiddleofthevillathe

magnificentpoolseparatesthemodel’sprivateareaanditspublicareas.Thiscreativedesigneffectivelyincorporatestheopen‐

airpoolintotherestofthehouse,makingittheluxuriousvilla’scentralroom.

THE WHALE

24Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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‐Totalarea:4,327squarefeet(402squaremeters),ofwhich3,143

squarefeet(292squaremeters)areenclosed.

‐Ceilingheight:12feet(3.65meters)

‐Grandfoyerentrancehallandlobby

‐Directoceanviewsfromthelivingroom,diningroomandmaster

bedroom

‐Threebedrooms,eachwithitsownfullbathroom

THE WHALE

‐Familyroom

‐Live‐inhousekeeper’ssuite

‐Openkitchen

‐Enclosedtwocargarage

‐Pool

25Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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CostaPedasíprovidesawidearrayofcommunity

facilitiesandservices,including:

•Beachclub

•Communityswimmingpool

•Tennis,basketballandvolleyballcourts

•Children’splayground

•Parks

•Horsestable

•Walkingtrails

•Sitemanagementservices

•Gatedcommunitywith24hoursecurity

AMENITIES

26Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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CostaPedasiisapproximately3and

halfhoursfromPanamaCitybycar.

Itisabeautifuldriveoververygood

roads.

AirPanamaofferscommercialflights

betweenPanamaCityandPedasi.

Pedasiairportislocatedlessthan5

minutesdrivefrom“CostaPedasi”

GETTING TO PEDASÍ

27Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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HowdoIgettoPanama?

Panamahasbecomeaninternationalhubforland,oceanandair

transportation.TheeasiestandfastestwaytogettoPanamafrom

isbyair.Thereareseveralfirst‐classairlinesflyingfromHouston,

LosAngeles,Miami,NewYork,NewJerseyAtlantaandotherUS

internationalandEuropeanairportswithdirectflightstoPanama.The

flightfromMiamitoPanamaMiami,forexample,takeslessthanthree

hours.

CanqualityhealthcarebeobtainedinPanama?

Panamaisabletoprovidetheverybesthealthcareservicesand

attentionintheregion.PanamaCityhasseveralworld‐classhospitals,

andmanyoftheirdoctorshavebeentrainedintheUSandarebilingual.

HospitalssuchasthePuntaPacíficahospital,affiliatedwithJohns

HopkinsMedicineInternational;thePaitillaMedicalCenterhospital,

affiliatedwiththeClevelandClinic;andtheSanFernandoandNacional

hospitals,featurestate‐of‐the‐arttechnologyandequipment,andtheir

doctors,nursesandtechnologistsarehighlytrained.Consequently,

theyareabletoprovideexcellentattentioninaverybroadvarietyof

specialtiestomeeteveryone’sneeds.Oneimportantaspectisthefact

thatalltheprocedures,servicesandattentioncanbehadatmuch

lowercoststhanintheUSandotherareas.Thesecostsavingshave

contributedtoPanamabecomingahealthtourismdestinationas

peopleneedingmedicalattentioncanobtainmedicalanddental

servicesatsubstantiallylowercostswhileenjoyingavacationinthe

country.

WhataboutimmediatemedicalneedsatCostaPedasi?

Forimmediateneeds,thereisaclinicwithEnglishspeaking

doctorsthathavebeentrainedintheUSinthetownofPedasi,

threeminutesfrom“CostaPedasi”.Theregionalhospitalis

approximately20minutesdrivefromthesiteinLasTablas.

Whowillbuildmyhousein“CostaPedasi”

Youarefreetobuildyourhousewithoneofourpreferredbuilders

oruseyourownbuilder.

Anywayyouprefer,wewillworkcloselyandassistyouwithall

phasesoftheirhomeconstructionincludingcontractsigningwith

thebuilder,ongoingqualityinspection,finishesselectionand

furnishings.

FREQUENTLY ASKED QUESTIONS

28Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]

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CanIplanmyownhouse?

Buyersarefreetouseourstateoftheart,Malloldesigned

housesandourpreferredbuildersorhiretheirown

architects/buildersbutallplansmustmeet“CostaPedasi”

guidelinestoinsureoverallhigh‐qualitylookandfeelofthe

propertyandtohelpprotecttheinvestmenteachbuyerismaking.

IsPanamaasafeplace?

Yes,itis.Panamaisconsideredasoneofthesafestcountriesaround

theworld,andhasthehighestratingfromtheprestigiousPinkerton

IntelligenceAgencyfortouristsafety.TheAzuerospeninsulaisin

particularsafe,muchlikesmallfarmingcommunitiesintheUSwereinthe

50’sorbefore.Wefeelitmaybeoneofthesafestplacesleftonearth.

WhatcurrencyisusedinPanama?

TheUSDollarhasbeenthelegalcurrencyinPanamasince1904and,

consequently,therearenocurrencyexchangeproblemstodealwith.

Additionally,itsusehasallowedPanamatohaveaninflationrateofless

than2.5%,withnofearsofdevaluation,andcontributestohavingthe

moststableeconomyintheregion.Infact,Panama’seconomyisgrowing

attherateofapproximately7%peryear.

WhataboutelectricityandPanama’sinfrastructure?

AsintheUS,Panama’selectricityisthesameat110volts/60

cycles,whichmeansthatalltheelectricalappliancesthat

youbringtoPanamacanbeusedasis.Panamaalsohasone

oftheworld’smostdevelopedstate‐of‐the‐artfiberoptics

communicationssystem;cableTV;telephones,bothfixedand

cellular,andhigh‐speedInternetservice.Internationallong‐

distancecallsareatveryeconomicalrates,andconnectionsare

instanteverytime,allthetime.

WhatkindofvisadoIneedtoresideinPanama?

IfaftervisitingyoudecidetomovetoPanama,thesimplest

typesofvisaisthe‘Pensionado’orRetireeVisathatcanbe

obtainedbyprovingthatyouhaveaminimummonthlyincome

ofUS$600.00.Therearealsoother

FREQUENTLY ASKED QUESTIONS

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Asaforeignerpurchasingproperty,amIprotectedunderPanama’s

laws?

Absolutely!Unlikeothercountries,foreignerswhobuypropertyin

PanamahavealltheverysamerightsandprotectionasPanamanians

asestablishedintheInvestmentStabilityLawNo.54ofJuly22,1998,

guaranteeingequalprotectionfornationalandforeigninvestors.

Whatincentivesdoretireeshave?

Panamaoffersseveraladvantagesinitsspeciallawscreatedforthe

benefitofretirees,amongwhichareaseriesofdiscountsasshown

below:

1.Aone‐timeimportdutyexemptiononhouseholdorpersonalgoodsup

toUS$10,000.

2.Importdutyexemptioneverytwoyearsonvehiclesforpersonaluse.

3.50%discountonfaresfortheaters,sportingeventsandconcerts.

4.25%discountonthevalueoffoodatrestaurants,notincludingliquor.

5.15%discountonthevalueoffoodatfast‐foodestablishments.

6.10%discountonthevalueofmedications.

7.25%discountonthemonthlyenergybill.

8.25%discountonthemonthlyphonebill.

9.20%discountonmedicalconsultationsandsurgery.

10.15%discountondentalservices.

11.15%discountonoptometryservices.

12.50%discountonhotelbills,MondaythroughThursday,and30%

onweekends.

13.25%discountonairfares,and30%discountonother

transportation.

14.Propertytaxexemptionifitistheretiree’ssoleresidence.

WhatisPanama’sandtheAzuerosclimatelike?

Panama’senjoysawarmweatherallyearround,andhastwo

seasons:therainyseasonandthedryseason.Therainyseason

runsfromMaythroughNovember.Thedryseasonisfrom

DecemberthroughApril.Theaveragetemperatureonthe

Azuerospeninsulaforeverymonthoftheyearis78Fto82F.

Totalprecipitationis65.8incheswithalmosthalfofthatcoming

SeptemberthroughOctober

Whatarethenaturaldisastersrisks?

Panamaisblessedinthatrespectasitisfreefrommajornatural

disasters,includingearthquakes,hurricanes,tornadoesandother

destructivephenomena.

FREQUENTLY ASKED QUESTIONS

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HowdoesthecostoflivinginPanamacomparewithothercountries?

Panama’scostoflivingismuchlowerthanintheUS,Canadaor

Europe.ManyforeignersresidinginPanamaareenjoyingthe

lifestyletheywantatmuchlowerpricesthanintheircountriesof

origin.InPanama,theycanaffordtohaveafull‐timelive‐inmaidfor

approximately$200‐$250permonth,enjoyfinediningatfirst‐class

restaurantsandentertainment,allatafractionofwhattheywould

costinothercountries.

WhataboutPanama’sbankingsystem?

Panamahasoneofthemostrecognizedandrespectedbanking

systemsintheregion,withover80internationalbanksproviding

multipleservices,andtheuseoftheUSDollarmakestransactions

convenientandsimpleastherearenocurrencyexchangeproblemsor

devaluationfearstodealwith.

WhattypeofgovernmentdoesPanamahave?

Panamahasademocraticallyelectedgovernment,andmaintains

politicalandsocialstabilitytoensurethatthecountryprogressesand

meetsitsgoals.Withthisstabilityinplace,investorsareprotected

undertheInvestmentStabilityLawNo.54ofJuly22,1998,that

guaranteesequalrightsfornationalandforeigninvestorsalike.

www INDEX

Isthearmyasourceofpotentialinstability?

ThePanamanianmilitarynolongerexistsasitwasabolishedby

constitutionalamendmentin1994.DuetotheNeutralityTreatyof

thePanamaCanalthecountryhasafantasticsecurityarrangement

withtheUnitedStates

ShouldIdecidetomovetoPanama,whataboutmycarand

householdgoods?

AmongtheadvantagesthatPanamaoffersforretireesisaone‐

timeimportdutyexemptiononhouseholdorpersonalgoodsup

toUS$10,000.00.Thecarwillbesubjecttoimportdutiesbut,asa

retiree,youwillalsobenefitfromtaxexemptioneverytwoyearson

vehiclesforpersonaluse.

AregolfcoursesavailableinPanama?

Panamahassomeofthebestprofessionalgolfcoursesavailable.

TheclosestGolfcourseto“CostaPedasi“isonehouraway.

FREQUENTLY ASKED QUESTIONS

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Youcanreserveyourpropertywithadownpaymentof5,000.US

WiringinstructionstoCpanamaRealEstateCorp.careof

WachoviaBankasintermediarybank:

SWIFTNº.PNBPUS3NNYC

Fedwire(ABA):026005092

FAVOROF:CredicorpBank

SWIFTNº.CRLDPAP1XXX

AccountNo.2000192371551

ForFurtherCreditAccountNo.4010137822

FinalBeneficiaryName:CPANAMAREALESTATECORP.

Addressesofinvolvedbanksandbeneficiary:

AddressofWachoviaBank

NA,NewYork50MainStreet,WhitePlains,NewYork10606,USA

AddressofCredicorpBank

Calle50,EdificioPlazaCredicorpBank,PanamaCity,Panama

AddressofCpanamaRealEstateCorp.

AvenidaBalboa,EdificioLosDelfines,Office#6,PanamaCity,

PanamaLEGALREPRESENTATIONInanyforeigncountryitisimperativeyouhaveanattorney.

Wecountwithourprofessionallegaldepartmentforanyadviceand

consultancythatyoumayrequired.

Purchaser’s DetailsTitle:

First Name:

Surname:

Address:

Town:

Country:

Postcode:

Daytime Tel:

Mobile Tel:

Work Tel:

Fax:

E-mail:

D.O.B.:

Passport No.:

Title:

First Name:

Surname:

Address:

Town:

Country:

Postcode:

Daytime Tel:

Mobile Tel:

Work Tel:

Fax:

E-mail:

D.O.B.:

Passport No.:

Joint Purchaser’s Details

HOW TO RESERVE

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www INDEXCONTACT

33Cpanama Real Estate Corp. www.cpanama.com // tel: (507) 223-6197 // [email protected]