Panama is the world's #1
overseas retirement haven...
Panama is also:
Panama offers many different, very appealing retirement lifestyle options, from Panama City to the highlands and two long coastlines...
Dear Live and Invest Overseas Reader, And you're going to hear it again. Because if you are in the market right now for a place to live, retire, invest, or do business overseas, I'd say you're doing yourself a big disservice if you aren't looking closely at what Panama has to offer. Much of the world is struggling through troubled and uncertain times, but you'd never know it down here in the Hub of the Americas. This remains a fast-moving, ever-expanding market...a land of opportunity.
What's going on? I invite you to come on down here to sunny Panama to find out for yourself. We're holding our next Live and Invest in Panama Conference Jan. 29-31, 2014. If this country is on your radar for retirement, for investment, for banking, for adventure, for fun, or for profit (and, again, I strongly suggest it should be), I urge you to make time in your schedule to join us for a few days in this beautiful, safe, and welcoming place in January. For this important and timely event, we've invited all our top Panama experts, advisors, contacts, colleagues, and friends. The personal introductions we intend to make over the two-and-a-half days of this conference are alone worth the price of admission. We'll arm you with every contact and every resource you'll need to pursue whatever Panama plans and dreams you may harbor. And we'll introduce you to Panama in a way that no one else can. We'll show you Panama from the inside. We've been spending time and doing business in this country for more than 15 years and living and operating our business here full-time for more than 5. Here in Panama, over the past 15 years, we've bought pre-construction for investment and centuries-old French-colonial for renovation. We've started businesses, formed corporations, and opened bank accounts... We've acquired full-time residency through the country's Reforestation Visa Investment program (which is but one of the 13 good residency visa options Panama offers, including the ground-breaking new “Specific Countries” visa program that I’ll tell you more about in a minute)... We've hired staff, shipped household belongings, enrolled our young son in school, sourced architects and carpenters, paid local utility bills, researched which health insurance plan makes most sense for our family, bought cars (because finally we'd had enough of dealing with Panama City taxi drivers!), gotten local driver’s licenses, and, most recently, started a local franchise (a family project)... And our experiences in this tropical haven are only the beginning. Because for this special Live and Invest in Panama event of 2014, we’re pulling out all the stops, with the help of the most expanded panel of Panama experts you’ll find anywhere. Resident global real estate investing, tax, and business expert (and my husband) Lief Simon and I will be on hand throughout this Live and Invest in Panama event to share our personal stories, anecdotes, discoveries, recommendations, caveats, and cautions, of course. But we realize that we are but one (well, two) points of view. You need many others. Plus, you need experienced, professional counsel when it comes to things like taxes, banking, trusts, corporations, residency requirements, investor incentives, insurance... To help you consider and understand the many advantages and benefits Panama offers, we've invited the top experts in the country on these important issues to join us for this just-in-time event. These are our trusted personal advisors, people you can count on to accomplish whatever you're hoping to accomplish in this country safely and efficiently. And, they'll join us not only to address the group, but also to answer your questions, one-on-one, and to make themselves fully at your disposal. As so many nearing retirement are wondering and worrying how in the world they're ever going to be able to afford to stop working...and where in the world they can find safe haven, for themselves and their money... Panama is the answer!
Robert Coleby worked as a firefighter in Corpus Christie, Texas, for 26 years. Over the past few years, as retirement was drawing near, Robert and his wife Katherine came to a realization that was a bit of a shock:
They wouldn't be able to retire on Robert’s pension. It'd barely cover their basic expenses...and the home equity and investment accounts they'd figured would supplement the pension were going to amount, it became clear, to much less than they'd been counting on.
To continue enjoying the standard of living they'd been living, one or both of them would have to keep on working.
Robert and Katherine met about eight years ago. Finding "the one" at this later stage of life was a surprise for both of them, a gift that they didn't take for granted. As they explain it, once they'd found each other, they "went crazy," doing everything they could think of to embrace their new life together--sky diving, salsa dancing, rock climbing...
When the reality of their retirement prospects in Corpus Christie began to set in, they didn't hesitate. Robert and Katherine took action. They'd only just started their lives together. They weren't about to let something like a global recession get in the way of the future they had in mind. Rather than moaning and groaning about the challenges facing the retiree in the United States right now, they opted out.
Not out of retirement. But out of Corpus Christie. Out of the United States.
Last year, Robert and Katherine moved from Corpus Christie, Texas, to Capira, Panama, a small town about an hour outside Panama City. This puts them near enough to the big city but also near the beach and, important, in a region where it's possible to live a full and interesting life on very little.
Robert and Katherine understood the choice they were making. Capira is no expat community. Living here, they knew they'd be forced to learn to speak Spanish, for they'd be living among Panamanians. They've settled in an all-Panamanian development, where their rent is US$300 a month for a small house with a garden.
Robert and Katherine arranged to have all their personal stuff shipped to them from Corpus Christie. Until it arrived, they made an adventure of starting over from nothing. They refer to themselves as "babies” during this getting-established stage.
"We had to relearn everything all over again. It was like we're seeing the entire world for the first time,” Katherine remembers. “Yes, it was a little intimidating, but, really, we had so much fun. This whole experience has been the time of our lives.”
Panama is a nature-lover's paradise and one of the top diving and snorkeling destinations on earth...
Internet research...e-mail communications...armchair searching and planning...manuals, reports, and guidebooks... All these resources are great...but no amount of them is enough. You can't determine whether or not Panama makes sense for you as a place to think seriously about retiring or relocating or buying preconstruction or investing in raw land or setting up a corporation or launching a new business...long distance. You can't make any real decision about Panama until you've come down here to see it for yourself. Therefore, I suggest you get yourself down here ASAP.
"I am so Happy I Joined Your Group!"
"Thank you to you, your staff, and the professionals who participated at the event. It was a great experience for me and I am sure for all the other participants, as well. I am so happy I made the decision to join the group. I learned a lot about investments, offshore banking, living in foreign countries, and much more. Congratulations for your organization." --Janet K., United States
You'll run around from banker to attorney...from developer to owner...from agent to broker...from tax advisor to insurance salesman...from visa specialist to customs agent...back to the banker...back to the attorney... You'll stand in lines...you'll struggle with the language...some appointments will show up hours late...others will never appear... You'll be batted around among bureaucrats...you'll wonder if you're getting a good price...if you're being presented with all the options...
Yikes. Why would I subject myself to that torture, you might be wondering. Indeed, why in the world would you? Especially when you have a far superior alternative. You need to get down here to Panama straightaway to see what's going on in this country with so much to offer. And, while you're here, you want to make efficient use of your time. You want to make the contacts and the connections you'll need to realize whatever Panama agenda you imagine. You want to have all the options and opportunities laid out for you. You want to meet with the bankers, the attorneys, the visa specialists, the property developers, etc., etc.... And you certainly don't want to spend weeks and weeks of your time doing it. No problem.
At Home In Panama
At this point in our lives, Lief and I could be living anywhere. We choose now to be in Panama. We're making a home here. Our 13-year-old son is attending the Paul Gauguin French school. (This is but one of the good schooling options in Panama City.) We're building businesses. We're putting our money where our mouth is when it comes to the local real estate market. We've been investing in Panama property for more than 10 years, and we continue to shop...and to buy.
"A Lifeline For Americans"
"Thank you for all of this ongoing information. You are a lifeline for Americans wanting out right now." -- Peggy D., United States
Join us in Panama, and you'll learn everything you need to know about residency and taxes...bank accounts and corporations...holding structures and health insurance...employment opportunities (these are limited) and entrepreneurial options (these are not)... Over the course of these two-and-a-half days, you'll also meet everyone you'll need to know to launch your new life in Panama. We're opening our personal rolodex for this event...live and on stage. At our Live and Invest in Panama Conference, we'll introduce you to:
Rainelda is our personal attorney, the one who's been by our side for every real estate purchase, every visa application, every bank account, every corporation, and every contract. Furthermore, we've been recommending Rainelda as the top legal resource in this country for 15 years. In that time, Rainelda has assisted thousands of readers with real estate purchase, residency applications, incorporations, bank accounts, and tax and business issues. Her track record is as good as they come...her reputation second to none.
Rainelda knows Panama law, and she understands the current Panama market. She knows the players. She knows what to look for in developer sales agreements and what to demand in pre-construction contracts. She (and her top-notch staff) know their way around the immigration office...and understand the advantages and the downsides to every one of this country's 13 residency visa options. Rainelda is Panamanian. However, she earned her Master of Laws from Cornell University and practiced in London for six years...before returning to Panama to found her own private practice. Rainelda specializes in corporations and commercial and shipping law, as well as taxes, contracts, real estate transactions, immigration, and labor permits. Rainelda is the most knowledgeable attorney we've found in more than a decade of looking. She's the one you want on your side when you sit down at the negotiating table...or when you begin considering your full-time residency options.
Lief Simon has lived and worked on 5 continents and traveled to more than 60 countries. His real estate investing experience began more than 20 years ago with a multi-unit building in Chicago. After selling that building for a leveraged total return of more than 1,800% in 2 ½ years, Lief began to diversify internationally. In the 15 years since, he has personally bought and sold property in 21 countries.
Lief looks for one of two market situations when evaluating a potential investment: an abundance of opportunity created by a market distortion (crisis investing) or a chance to position yourself ahead of new infrastructure or some other local trend (the path of progress).
“Thanks To You, Kathleen, We Fell In Love…”
"Last year my husband and I attended one of your conferences and absolutely fell in love with the country. The conference was amazing and provided us with so much valuable information." -- Diane T., United States
Panama's is one of the fastest-moving property markets on the planet. No, that's not true. Panama is many property markets...and they're all shifting so fast right now it can make your head spin. How do you keep your wits about you...buy smart...and come out on top? More to the point: Where do you look to buy in the first place? Lief Simon and our other in-country Panama property experts will tell you. Join us in Panama to find out...
Gonzalo de la Guardia is your one-stop resource for all your Panama insurance needs. Gonzalo has been helping expats in this country shop for insurance for more than 35 years. He understands your concerns and needs, and he's well familiar with all the options. Health insurance may be one of your biggest concerns as you prepare to make a move overseas. Gonzalo understands that and is ready to answer all your questions. In addition, though, he's also the most knowledgeable and experienced source of information and advice you're going to find in this country on title, automobile, fire, homeowners, and life insurance. Gonzalo can help you understand the costs and the product options in each case and make the most informed decision to suit your personal circumstances. Again, here in Panama in January, you'll have the opportunity to speak directly with Gonzalo and to have your particular insurance questions and concerns addressed.
Joel strongly believes that in today's world, there's no safe place to hide your wealth; in other words, there's no global transaction that can't be seen by the IRS. So Joel recommends that you be transparent with the IRS...but iron-clad when it comes to legally protecting your assets abroad. Over our two-and-a-half days together in Panama, Joel will detail exactly what that means, and he'll walk you through how you achieve that goal to your best advantage. Joel can also help you select the right jurisdiction, and the best vehicle to reduce taxation and to protect assets. He has pioneered the licensing of international structures for foreign banks, mutual funds, hedge funds, and insurance companies. He has developed sophisticated international estate plans encompassing trusts, corporations, partnerships, and insurance products. Joel will bring all this experience to bear as he helps attendees in Panama understand the current opportunities available in one of the world's top offshore jurisdictions.
In addition, over the course of these two-and-a-half days in Panama City, you'll also meet and hear from:
“Honest And Real”
"The honesty and realism of your information shines through. I am looking forward to continuing benefitting from your offerings for a long time." -- Carol C., United States
In Panama, You Could… Indulge Your Hobby
"Kathleen, I moved to Panama 11 years ago because I like gardening and wanted to live in a place where tropical gardening is possible year-round without worrying about frost.
"Here in the highlands of Chiriqui, we have very rich black volcanic soil, and it is cool enough here to grow many temperate plants, yet it is frost-free.
"Gardening is one of the most popular hobbies in the United States, especially among retirees, and a reason to move to Panama. If you move to a foreign country with an interesting hobby, it helps to keep you from becoming bored and dis-satisfied with your choice.
"In addition to gardening, birding is very popular in Panama, as there is an unusually large number of species of birds living here..."
--Robert G., Happily Retired to Panama for 11 Years
The World's Best Residency Program-- And A Work Permit, Too!
In May 2012, Panama's President Ricardo Martinelli issued an executive decree that has since become known as the "Specific Countries" residency permit. Big news, as this new program is not only easy residency, but a quick and easy route to a work permit, as well. And a work permit is no easy thing for a foreigner to organize anywhere in the world. Panama is experiencing a growing shortage of qualified labor. President Martinelli wanted to do something to address the problem. So he conceived what amounts to the most user-friendly and straightforward residency program on offer anywhere in the world, not only today but in the history of residency programs. What's more, again, this special program also provides for the holy grail: a work permit. We’ll share all the details for how to take advantage of this ground-breaking new residency program during our Live and Invest in Panama Conference in January.
In addition, during the two-and-a-half days we're together here in Panama City, we'll introduce you to our favorite Panama mortgage broker. One of the most frequently asked questions from readers is, "Can I arrange financing locally to buy real estate?"
Panama is one of the world's leading banking havens... and a tax haven, too...
"Kathleen thanks so much for a super seminar. That was really sensational, and I have lived here for two years already!" -- Scott R., Panama
In Panama You Could… Embrace The Resilient Life
Plus, at our Live and Invest in Panama event, we'll also introduce you to the people behind the most appealing property developments on offer in the most appealing regions of this beautiful country.
“You Have Made A Lot of Dreams Come True”
"Thank you for all your hard work. You have made a lot of people dream and a lot of dreams come true. I enjoy all the e-mails from all your staff living all over the world. I am always telling people about you and how you started your publications years ago. In fact, I just today told my banker about how honest and smart you are, letting us know where to go. Wish I had listened to you more years ago..." -- Marlene M., United States
We know who is building dream homes by the beach and who's the subject of serial horror stories. I'm not exaggerating when I say that dozens of local developers have asked to be able to participate in this event. They're all willing to pay advertising or sponsorship fees. That's not the issue. The issue is: Who do we want to recommend? We understand that, when you're in the room with us over these two-and-a-half days, every speaker and exhibitor we introduce to you comes with our implied endorsement. Heck...he (or she) comes with our explicit endorsement. We don't take that lightly. Our reputation is everything. We want you to be wowed by the quality of this event...so that you might think about coming to another event somewhere sometime down the road. We're in this for the long haul. The same can't be said for all the real estate developers in this part of the world. We're careful, because we've learned you've got to be. That's why, for this event, we're inviting but a handful of developers. These are the guys we want you to know, for theirs are the development projects worth your attention...and your investment.
14 Reasons Panama Remains The World’s Top Retirement Haven
#1: The cost of living is affordable. Outside Panama City, it remains downright cheap. You could retire to the beach in Las Tablas, for example, on the country's Azuero Peninsula, on a budget of US$1,200 per month or even less.
#2: The sun shines year-round. Panama City can be too hot and sticky for some retirees' tastes, but, again, look beyond the capital, and you find pockets of near-perfect climates in some regions. If you prefer cool mountain temperatures to steamy sea-level ones, consider Boquete or, less discovered and therefore more affordable, Santa Fe.
#3: The retiree's path is well worn. This country has been attracting foreign retirees in growing numbers for more than a decade. It offers many and very user-friendly options for establishing foreign residency if you want to live here full-time, and it is home to established and welcoming communities of expats and retirees.
#4: You can get by without speaking Spanish. I don't recommend it, but, in Panama City, you don’t have to learn to speak Spanish if you don’t want to.
#5: Health care in Panama is of an international standard, and Panama City is home to Hospital Punta Pacifica, the only hospital in Latin America affiliated with and managed by Johns Hopkins Medicine International.
#6: The cost of medical care is a bargain. Like everything, medical costs are higher in Panama City than elsewhere in the country, but, even in the capital, a doctor's visit costs US$50 or less.
#7: Local Panama health insurance (which can be good, comprehensive coverage, all you need living in this country) can cost US$100 per month or less.
#8: The infrastructure is of a high standard. This is a place where things generally work--the Internet, cable TV, phone service, etc., are all as reliable as anywhere in the States. The roadways and highway systems being constantly expanded and improved. Panama City is an international banking center, meaning you find here banks from all over the world. ATMs are on every corner.
#9: The currency is the U.S. dollar, so U.S. retirees have no currency-exchange risk or exposure.
#10: Panama City is an international travel hub, very accessible from North America. The flight from Miami, for example, is about 2 ½ hours.
#11: Panama's pensionado program of special benefits and discounts for foreign retirees is the current Gold Standard. Retired in this country, you can save as much as 50% on everything from restaurant meals to in-country airfares, from prescription medicines to closing costs on your new beach house.
#12: This is a nature-lover's paradise, boasting some of the world's best surfing, snorkeling, diving, sport fishing, birding, hiking, and adventure-travel opportunities anywhere on earth.
#13: This is a safe, welcoming place to call home.
If All These Folks Could Do It, You Can Do It, Too!
Who else will you meet at our Live and Invest in Panama Conference? Others just like you who've already made the move! Expats already living, investing, or doing business in this country...folks just like you! In fact, these introductions...and your chance to mingle one-on-one, during cocktail receptions and over poolside lunches, with these folks...these alone are worth the price of admission. They could be the most important benefit of the entire event.
What is your Panama dream? Come, let us help you realize it...
“Honest, Tell-It-Like-It-Is Approach”
"I particularly appreciated your information today about the joys (?) of international rental property. What I admire is your honest, tell-it-like-it-is approach. A lot of people have been hurt by nothing but glowing reports about offshore living from various sources. Your honest, direct approach is a real service." -- Arlean K., United States
No place is perfect, and we understand that a rose-colored view does you no favors. There's a reason these folks (and Lief and I) are in Panama. We're fans. But we're not fools. We know the good, the bad, and the ugly of day-to-day life and of trying to do day-to-day business in this place. We're enjoying the advantages...and we're reconciled to the downsides. An important part of our agenda during this event is to show you these downsides...so you can decide whether you can live with them, too. To this end, we've invited three expats who chose Panama. One is running a business...one has invested in real estate with near-disastrous results (he'll tell you all about it when you meet him)...one is living his retirement dream in an expat enclave high in the mountains…and each one is excited to share his (or her) story with you. And, of course, I'll be there, too. You hear from me every day...but perhaps this would be a good time for a more formal introduction.
"This was a 10! Great event. Awesome job by the Live and Invest Overseas team!" -- Edward T., United States
My name is Kathleen Peddicord. For more than 23 years, I was Editor and Publisher of International Living. In 2007, I decided to take a break, during which I did two things. First, I began work to launch this new publishing group, Live and Invest Overseas, and the new free e-letter service, the Overseas Opportunity Letter. In addition, my husband, Lief Simon (yes, the guy I introduced to you above), and I made an important geographic decision. We decided to make a third international move with our family and my new business, from Paris to Panama City. In other words, I've been covering this beat, researching, writing, speaking, and presenting on the opportunities for living, retiring, and investing overseas, for coming up on three decades. I have moved children, staff, enterprises, household goods, and pets from the East Coast of the United States first to Waterford, Ireland...then, seven years later, to Paris, France...and, most recently, five years ago, to Panama City. I have traveled to more than 50 countries, invested in real estate in 21, established businesses in 7, and renovated historic properties in 6. I've written two books (including my most recent, “How To Buy Real Estate Overseas”) on why and how you might want to do the same and I've appeared many dozens of times on television and radio (everything from Bloomberg and CNBC to Fox and the Regis Philbin Show) detailing opportunities for living, retiring, and investing all around the world. In Panama, in January, at this Live and Invest in Panama Conference, I look forward to sharing details of our long experience in this little country with such an abundance of upside. More than that, I look forward to the chance to meet you face-to-face and one-on-one. For me, this is one of the best parts of these live events.
“Experience, Knowledge, And Competence Are Top Shelf”
"The level of experience, knowledge, and competence is top-shelf. Primarily, I appreciated the sincere and honest approach of the organizers and all the presenters, as well as the obvious desire to give participants complete, accurate, timely, and appropriate information and to answer questions thoroughly." -- Andrew F., United States
This will be a high-energy, full-throttle two-and-a-half days. But we'll do everything we can to make sure it's also a whole lot of fun. We're building in cocktail receptions, open-air parties, and other special events to give you as much opportunity as possible to mingle and mix with your fellow attendees, with our Live and Invest Overseas panel of experts, and with all the Panama expats we’ve invited to join us. You never know where these cocktail and poolside conversations might lead. Over the years, we've known readers who've met business partners...roommates...equity investors...language tutors...and, certainly, great friends at our conferences. We've even known some conference introductions that have led to much more than friendship. You know...Lief and I met, some 15 years ago, at a conference in Ireland... Sincerely, Kathleen Peddicord Publisher, Live and Invest Overseas P.S. From my vantage point here in Panama City, I can tell you that this is a moment of opportunity in this country that, right now more than ever, qualifies as the world's top retirement, investment, tax, and doing-business haven. The better acquainted I become with this country, the more convinced I am that this is the place to be (as a retiree, an investor, and an entrepreneur) for the coming decade. Here's your chance to stake your claim here while prices are down and sellers are more negotiable than they've been in a half-dozen years.
It's time to come see for yourself what all the fuss is about down here in sunny Panama. What are you waiting for? Here in Panama, the sun is shining, and the future is bright. You owe it to yourself to come see for yourself.
Have questions or prefer to order over the phone? Contact our Conference Coordinators directly, toll-free from the United States and Canada: 1-888-627-8834. Or reach us by email at:
Register online here.
Live and Invest in Panama Jan. 29-31, 2014 Program Details, Costs, & Special Discounts
Your Live and Invest in Panama admission includes all seminars, breakout sessions, workshops, cocktail parties, entrance to the exhibition hall, participation in the farewell reception, plus printed materials and your Live and Invest in Panama Binder Kit. The cost of admission is only US$1,095 per person, only US$1,595 per couple. (That's right...the second half of a couple attends for less than half-price.) But frankly, there’s no reason to pay full price. With the Early Bird price currently in effect, you'll pay only US$845 for one person; only US$1095 for a couple. (That's right: Your spouse or friend can attend for only US$250 more!) Register here now!
In addition, we'd like to extend a special discounted invitation to our valued readers: Panama Letter and Overseas Retirement Letter subscribers will save US$50.
Overseas Retirement Circle members and subscribers of the Simon Letter save US$100.
Members of Global Property Investor’s Marketwatch save US$150.
Graduates of our 52 Days to Your New Life Overseas program will save US$150.
Finally, we would like to offer a US$100 discount if you have attended any conference with us in the past (coupon code PTYCONF). Note that you can combine this with any publication discount above. Please don't delay. Reserve your place now. Click on the Reserve My Place! Button below to obtain any coupon codes for which you are eligible and to register online. Or get in touch with our Conference Coordinators by e-mail:
Remember to mention any discounts you think you may be eligible for when you e-mail or call. Our Conference Coordinators will take care of everything from there. On behalf of our entire Panama Team: We look forward to meeting you soon in sunny Panama City!
“Sophisticated And Thoughtful”
"I have to say that you seem to dig deeper into the feel of a particular place and to do comparative analysis between alternative places. Your approach is more sophisticated and thoughtful and therefore more useful than that of other information sources covering these same subjects." -- John W., United States
More Reasons To Join Us In Panama City Jan. 29-31, 2014
We're Not The Only Ones Who Know A Good Thing When We See It
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