Don Merrifield Jr. ABR

Tribaldos Real Estate Corp.  

www.tribaldos.com.pa

Panama, the new Miami for Latin American and European

Panama has become in recent years into the new Miami not only for

Latin Americans but also for many foreigners in 5

years, either for work, business or retirement, have decided to invest and

installed in the country to hold presidential elections on Sunday.

However, all facilities that Panama has made the investment and

Residents have also brought new collateral problems such as crime

organized drug trafficking.

According to data migration between 2004 and March 31, 2009 were legalized

in Panama about 45,000 foreigners, of whom 45% are Colombians

(11,400), 12% U.S. (5,403), 9% Chinese (4,174), Venezuela 7%

(3,065) and 5% Dominicans (2068).

The most striking has been the Venezuelans, who in the past

4 years have tripled their presence in Panama, to create communities

whole of that nationality.

According to authorities, the economic, air facilities, the

dollar, safety, climate, and the expansion of the Canal

have provided many people in Colombia, Venezuela and United States

have decided to come to Panama to invest to stay.

"This is a new Miami for Latin Americans, but I'm sure

for Europeans, too, for the facilities offered and that in Panama

other foreign countries can not, "he told AFP Tayra Barsallo,

Deputy Director of Immigration.

The official explained that "many retired Americans or Canadians

Panama Europe have also chosen to install.

Residence permits have become a source of income for

Panamanian government, which in the first quarter raised over

$ 4 million for this purpose, double in the same period

last year.

Many of these new residents are employed by over 100 agencies

international, including several UN agencies located

banks of the Canal in the City of Knowledge, or more than 20 executives

multinationals such as Caterpillar, HP or Sanofi Aventis, which have decided

manage their operations to the continent from Panama.

The facilities offered by the government of Martín Torrijos for these

agencies and businesses to occupy the former U.S. base have

immigration contributed to this luxury, as well as tens of thousands of

homes being built in the country, mostly in the capital,

where competing skyscrapers in height and boldness.

Panama has taken place during the first six years of the list of

best places for retirees who produces the renowned journal

U.S. "International Living.

For more information: www.tribaldos.com.pa

We like Panama for a number of reasons, including:  the tropical weather, the low cost of living, the reliability and efficiency you don't find in other Latin American countries, the favorable offshore banking laws, the stable economy (with the U.S. dollar as the currency), the government investment incentives that slash tax rates and fees for entrepreneurs…and give retirees discounts on everything from doctor visits to utility bills, he diverse geography (from mountain ranges to tropical islands…from a booming metropolis to vast jungles), and the fact that it is still a relatively undiscovered paradise.

For more informations

www.tribaldos.com.pa