Procasa Panama - Proyects, Construction and Administration

Modern skyscrapers, natural wonders, sensual nights, great shopping and two oceans are waiting for you.

Panama IS the ultimate destination for relocation or investment

Panama 's modern technology has made life easy for foreign residents. This little known country offers a real paradise for the nature lovers as well as the open water sport fanatics. You can find hundreds of interesting activities ….you name it, Panama has it.

Panama City is a city of easy cosmopolitan living, a delightful combination of the historic and the ultra-modern. Panamanians are friendly and skilled in relating people from around the world.

Panama City, Panama

A lively nightlife, great restaurants, historical sectors, the only rainforest within city limits in the world, the Metropolitan Natural Park , and beautiful residential neighborhoods add to the city's charm.

Panama city is a one of most modern metropolis in Latin America , where you will find about 150 banks from all over the world.

Also you will find a paradise for shopping, because there are about 5 brand new malls with every kind of stores, and a lot of shopping areas with incredible prices. Also The Colon Free Trade Zone, one of the largest in America .

Panama for living

Nearly one million people live in this vibrant metropolis located at the Pacific terminus of the Panama Canal . It is a city of skyscrapers, parks, resplendent suburbs, historic monuments from the city's Spanish past and a charming section known as Casco Antiguo or Colonial Panama.

Panama was given the highest ranking (along with the United States ) for tourist safety from the Pinkerton Intelligence Agency. It is recognized as one of the safest places in the world.

While Spanish is the official language, it is ordinary to find English being spoken in most places.

Panama features one of the most agreeable tropical climates with average temperatures in the low 80's during the day and 70's at night.

Panama has not experienced hurricanes or earthquakes.

Taxis are available everywhere you need them. Not different then most metropolitan areas, Panama City has invested in excellent and reasonably priced public transportation.

Panama for investment

• Direct foreign investment in Panama for the 5 years ended 2001 was approximately $3.5 billion.

• Currency is the US dollar

• Panama has the lowest inflation rate and the most stable economy in Latin America .

• Excellent tax benefits

• Secrecy laws strictly enforced

• Equal treatment of foreign and local citizens

• Favorable incorporation laws

• Large bi-lingual labor force

• There are now more than 150 international banks with branches in Panama .

• Diverse economic base including banking, shipping, insurance, tourism and free zone.

• Ranked first in the region for low cost of living by the Tripartite Committee

• Stable political system

• Excellent infrastructure (internet, telephone, roads, water, etc.)

Real estate investment in Panama

You can invest in a property or buy a place for investment in any region of Panama , but the most profitable properties are in Panama City . Panama City is one of the top three metropolitan cities of the world that you can afford to live in and enjoy a good life in.

Panama City has world-class restaurants, five-star hotels, world class casinos, international banks, hundreds of multinational businesses, a Manhattan-type skyline, every imaginable luxury ... all at about half the price you'd pay in Miami.

• It is easier to get a long-term mortgage than anywhere else in Latin America .

• Property taxes for newly constructed homes are not applicable for the first 15 to 20 years (depends on the delivery of the property)

• Panama has the banking conveniences and infrastructure you would expect in any great modern city. With one of the largest international banking centers in the world, Panama has specialists willing to help you with all personal, corporate or “offshore” services you will require.

• Banking is absolutely private with numbered accounts; banking is tax free; there are no restrictions for entrance and transfer of capital and Panama banking is part of a system that is known for political and social stability.

• Local and foreign banks are financing to foreigners loans for buying properties in Panama . These loans typically feature variable interest rates that are currently at their lowest level in over twenty years.

• Currently Panama is exonerating property taxes on residential investments like Destiny for 20 years.

Retirement in Panama

If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. For the fourth time in a row, Panama is ranked number one for retirement living.

Panama has the best “pensionado” program (retirement program for foreigners) in the world. Panamanian or alien residents living in national territory who are 55 years of age or more, for women, and 62 years or more, for men and all retired or pensioned persons or disabled people on pensions regardless of age, will enjoy generous benefits ranging from 15 to 50% on entertainment, health care, travel fares and more.

• Importation of all your personal and household goods and a car free of taxes.

• Right to import a new car every two years free of taxes.

• 25% off domestic and international airline tickets.

• 50% off entertainment including movies, concerts, theater

• (movie ticket for $2.00)

• 25% off restaurants

• 50% off hotel accommodations Monday-Thursday

• 30% off bus, boat and train fares.

• 10% prescription medicines.

• 15% off dental and eye exams.

• 50% off closing costs for home loans.

• 30 % off hotels from Friday through Sunday

• 15 % off fast food restaurants

• 15 % off hospital bills (if no insurance applies)

• 20 % off doctor's consultations

• 20 % off professional and technical services

Special and inmigration visas

• The tourist Pensioner Visa han an income requirement established by Panama of US$500.00 per month and US$100.00 per dependant. It may be issued to those who receive a monthly income from retirement sources such as Social Security, Government or Private Companies.

• The Private Income Retiree Visa has an income requirement of US$750.oo per month earned from CD at the National Bank of Panama . As current interest rates, the CD could run around US$200,000.00. The deposit should be renewed every five years to maintain the Visa status.

• The Person of Means Visa may be obtained by complying with one of the following options: 1. Purchasing real property worth at least US$200,000.00 in Panama . 2. Opening a CD deposited in a Panamanian Bank of at least US$200,000.00. 3. A combination of the two above worth at least US$200,000.00.

In Panama , Procasa offers you A new concept of living…

We offer each customer all the facilities and amenities of the modern life, always surrounded by the best environment for the family. Our projects offer you:

• The best locations, only the most suitable neighborhoods of Panama City (Panama Bay, San Francisco, Bella Vista, El Cangrejo, El Dorado).

• Complete social & sport areas for every member of the family.

• Excellent architectural design and floor plan distribution.

• Safety features.

A profitable investment.