More on that later but first let us continue with why we think Panama is THE place for the best real estate buys today.

Panama is elite because of its sheer natural beauty and, most importantly to many, because of the privacy it affords in personal and financial matters combined with it's great retirement program for foreigner! s :

RETIRE IN PANAMA AS A PENSIONADO AND SEE WHAT YOU GET

• 50 % off entertainment anywhere in the country (movies, theaters. concerts. sporting events, etc.)
• 30 % off bus, boat and train fares
• 25 % off airline tickets
• 50 % off hotel accommodation (Monday through Thursday)
• 30 % off hotels from Friday through Sunday
• 25 % off restaurants
• 15 % off fast food restaurants
• 15 % off hospital bills (if no insurance applies)
• 10 % off prescription medicines
• 20 % off doctor's consultations
• 15 % off dental and eye exams
• 20 % off professional and technical services
• 50 % off closing costs for home loans

We've presented our picture of "Why Panama?" Too add to this, here are a few reasons the international guru's think Panama is THE place:

• Direct foreign investment in Panama for the 5 years ended 2001 was approximately $3.5 billion.
• Currency is the US dollar
• Low inflation
• Excellent tax benefits
• Secrecy laws strictly enforced
• Equal treatment of foreign and local citizens
• Favorable incorporation laws
• Large bi-lingual labor force
• 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
• The Organization of American States (OAS), the Interamerican Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC)

AND WHY PANAMA CITY AS THE SPECIFIC AREA FOR INVESTMENT

• It is at the convergence of two continents at the Bridge of the Americas
• Rated the most " International City " in Latin America
• It is poised for tremendous growth in the next decade
• It is within an hour of some of the finest fishing and or bird watching in the world
• One hour drive from pristine beaches and cool mountain oasis
• Located on the Pacific coast, yet it is only 45 minutes to the Caribbean
• Increasing number of expatriates
• One of the safest cities in the hemisphere
• Excellent infrastructure (internet, telephone, roads, water, etc)

Well you've listen to us now for two pages or so on our views on real estate holdings or investment in Panama. If you want to know the full skinny, with no obligation and a low key approach to introducing you to what's available in real estate either for occupation, renting or investment WITH NO OBLIGATION OR NO HARD SELL TACTICS, shoot Expat World an email and we will get "the Company" (A real estate investment company established and licensed to do business in and by the Republic of Panama).

Its business is to engage in the acquisition, management and sale of medium priced condominiums in Panama City, Republic of Panama.) to get back to you via email with the whole story. This is something you SHOULD do if you have any interest in overseas investment, overseas living, retirement in Panama or just want to be able to live the life of the rich and famous on a hot dog budget.

Email office@expatworld.net with "PanCity" in the subject heading. We'll take care of you.