Panama Is A Land Of Business, Investment, Employment, And...

More Than Just A Plan B


June 23, 2014, Azuero Coast, Panama: Panama is increasingly sought out as land of business, investment, and lifestyle opportunity.

Dear Live and Invest Overseas Reader,

Around the cantina lunch table this past sunny Saturday afternoon we were Americans, British, Irish, Russians, South Africans, and a Trinidadian. We were in Panama, all of us, in search of opportunity—business, investment, employment, and lifestyle.

"My wife and I have been looking for a Plan B," the gentleman from South Africa sitting next to me explained. "We considered Australia, where many South Africans are migrating, but it's not easy to get full-time residency in that country, especially after age 45.

"Then we read about Panama. It sounded like a place offering a lot of opportunity right now, so I decided to come have a look. I have been here for one week, and I am impressed. There is so much to be done here, so much on offer. There are many growing markets in Panama City, especially, in need of many more services, I think.

"I have been able to organize my temporary residency already. I'm going to return home, tell my wife about my experiences and my impressions, and then come back with her so she can apply for her residency, too.

"This started out as a Plan B," the gentleman continued, "but now I'm thinking it could be much more than that for us..."

Read more...

Retire Overseas Index

Coming Soon: 2014 Retire Overseas Index


June 22, 2014, Panama City, Panama: The upcoming Retire Overseas Index will be released in August.

Dear Live and Invest Overseas Reader,

Our far-flung team of editors, under the direction of Managing Editor Kaitlin Yent, has been working overtime lately on a big-deal, once-a-year-project: the compilation of our annual Retire Overseas Index.

Our team is checking prices (for everything from bread and milk to gasoline and cable TV), revising climate stats (for average annual rainfall and the number of sunny days each year), updating residency visa details, tax rates, and economic indicators, and touching base with on-the-ground correspondents to confirm current property prices.

This is no small undertaking, and this year this important project is being undertaken with more vigor and enthusiasm than ever. Our 2014 Retire Overseas Index will be more comprehensive, more detailed, and more useful than any one that has preceded it. It will also feature seven new destinations. In addition to perennial favorites and longstanding top choices, this year's Index will also present Buenos Aires, Argentina; Samana, Dominican Republic; Pau, France; Barcelona, Spain; Algarve, Portugal; Nha Trang, Vietnam; and Dumaguete, Philippines.

Read more...

Why Rights Of Possession Property Is A Risk In Panama

The Problem With Rights Of Possession 
Property In Panama

 

June 20, 2014, Panama City, Panama: Rights of possession property in Panama comes with particular risks that can’t always be overcome.

Dear Live and Invest Overseas Reader,

A friend of a friend is trying to resolve some title issues to do with property that the company he works for has purchased in Panama over the past several years. He got in touch this week to ask my thoughts. When we sat down to meet, and he began to present the details of the situation, I realized that he has a bigger problem than I anticipated.

The company has been buying relatively small parcels of land but dozens of them, and every piece is rights of possession. At this point they have not been able to obtain actual title for anything they "own."

Rights of possession (ROP) properties in Panama are complicated. ROP can be registered and transferred, but, unlike with titled property in this country, there is no central registry. Also unlike with titled property, someone else can quickly establish rights on ROP land. With titled land in Panama, adverse possession rights don't kick in until after 15 years.

So in addition to the titling process dilemma, the guys who've been buying up all these remote ROP pieces also have a "maintaining possession" dilemma. Bottom line, they're trying to figure out how to keep invaders at bay.

Read more...

Food And Travel Along The Canal Du Midi

Cassoulet And The Canal Du Midi


June 19, 2014, Languedoc, France: France’s Canal du Midi is one of the best places to savor French life and cooking, especially the “vrai cassoulet.”

 

Dear Live and Invest Overseas Reader,

In France, bean stew is an art form.

In the foothills north of the magical Pyrenees, between that range and the lakes and forests of the Montagne Noire National Park, is the long valley, La Lauragais, from Narbonne and Beziers west to Toulouse and Biarritz on the Atlantic. In this valley you find the storied tree-roofed Canal du Midi with its pleasure craft supplanting the working barges that ran from the Mediterranean to the Atlantic starting in the 17th century. 

Read more...

Why Americans Are Retiring Overseas

"Nobody Can Retire In New York On Social Security"

June 18, 2014, Panama City, Panama: A perfect storm of circumstances is inspiring more Americans than ever to consider the idea of retiring overseas.

Dear Live and Invest Overseas Reader,

In the past three days, I've been interviewed four times, including twice this morning, first live by WNYC's Brian Lehrer, then later by The Miami Herald.

Is this retire-overseas thing a trend, the interviewers have wanted to know...and, if so, why.

Yes, this is a trend. A trend that is gaining momentum, expanding quickly, and bound to continue for years to come.

Why? Because of a perfect storm of circumstances.

Read more...

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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.

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