You've heard all this from me before, dear Live and Invest Overseas Reader,
And you're going to hear it again. Because anyone who is in the market right now for a place to live, retire, invest, or do business overseas...and who isn't looking closely at what Panama has to offer...is missing the boat.
We're in the middle of a worldwide financial meltdown, 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 serious opportunity.
After five years of 8%+ annual growth rates...how did little Panama fare in 2008, the year of economic crisis, fiasco, and disaster for so much of the world?
Figures aren't in yet, but it's looking as though Panama is going to chalk up another two-digit year. When the final 2008 growth figure is released in March 2009, it's expected to be better than 10%.
What's going on?
The canal, the ports, and the Colon Free Zone have benefited greatly from regional and international trade expansion over the past several years. Meantime, the construction industry has boomed, and the financial sector has expanded. Unemployment has fallen to an unprecedented low.
Then, in October 2006, this country voted a great big Yes! to the Panama Canal Expansion Project. When the people of Panama turned out in record numbers to approve the Canal Expansion Referendum, they guaranteed themselves a decade more of economic growth.
The plan to widen the Canal, thereby doubling its capacity, is a public works project on a grand scale. And it's translating into a grand global infusion into this country of both talent and investment.
Meantime, the Canal in its current state is seeing more traffic than ever. Port operations in Panama increased 14.8% through November 2008. Year-end figures are still being calculated, but it's expected that the final figure will be a solid 15%.
More traffic...and higher tolls. The Panama Canal Authority plans to increase the cost of voyaging from one end of the Canal to the other. In fact, it's going to raise prices twice this year, once on May 1 and again on Oct. 1, for a combined increase of about 10%.
Panama Is:Home to more than 940 species of birds...plus the Central American tapir, the American crocodile, the scarlet macaw, many species of eagle, humpback whales, and hammerhead sharks...
One of the toughest places in the world to get a hotel booking right now. More than 10,000 new hotel rooms are under construction or in the planning stages...meantime, the current hotel shortage creates a serious opportunity for you...
A U.S. dollar jurisdiction--that is to say, Panama has been using the U.S. dollar as its currency for about 100 years...
Home to both a World Heritage Site (Casco Viejo) and a UNESCO Natural World Heritage Site (the province of Darien)...
Gearing up for a presidential election (in May)...if the favorite takes the race, you'd do well to begin looking in this Panama province for investment ASAP...
The biggest international banking center in the region...
One of the best places worldwide to start a business today (that's why we moved here from France last summer)...
One of the few Latin markets where it's not only possible, but, in fact, relatively straightforward for you, as a foreigner, to borrow locally to buy real estate...
Home to more than two-dozen international schools...
Home to the Johns Hopkins-affiliated Hospital Punta Pacifica in Panama City...
So, again, I'm going to continue beating this drum loudly, because, as so much of the developed world is experiencing collective panic...nearly to the point of paralysis...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, now, amidst the chaos, they're going to invest their money...
Panama is the answer!
The trouble is, as you may have figured out already:
My Rallying Recommendation Gets You Only So Far
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.
"Thank you for your impressive and no-nonsense information... We love it!"
-- Jennifer S., United States
You could make the trip on your own. I'd recommend you allow at least a month in the country...and that you count on a series of follow-up visits. No matter how well prepared you think you are before you get on the plane, you'll find, once you're on the ground, that nothing is going to play out quite as you expect.
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.
And, indeed, why in the world would you?
Especially when you have a far superior alternative.
"Thank you for your daily ezine. I read each one and always pick up some interesting and timely piece of inside knowledge. Today's update is a perfect example..."
-- Robert C., Spain
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.
Make plans to be in Panama City May 14-16, 2009
. Be in Panama City...and in the room for our Premier Live & Invest In Panama Conference
. We'll take care of the rest.
More than all that, we've made a home here. Our 9-year-old son is attending the Paul Gauguin French school. (This is but one of the many schooling options in Panama City. If you're thinking of making a move with children, you have more than two dozen top-notch international schools to choose from.)
Frankly, nobody knows Panama like we know Panama. We've been spending time and doing business in this country for more than a dozen years.
We've bought pre-construction, and we've invested in raw land, big tracts and small. We've renovated, restored, furnished, and designed in Casco Viejo, downtown Panama City, and beachside. We've been landlords and renters. We've managed properties, staff, and businesses. We've opened bank accounts and launched corporations. Organized residency visas and work permits. We've arranged Internet and cable...shopped for antiques and office furniture...health insurance and dentists...shipped belongings from Europe...dealt with customs and insurance...utilities and car dealerships...
How Much Does It Cost To Live In Panama?
There's no answer to this question...at least no one-size-fits-all answer.
A couple could live comfortably in this country on as little as US$1,000 a month.
Of course, you could also spend a whole lot more than that...
Together, in May, we'll walk through a series of budgets, each one realistic and based on real-world experience...so you can make an informed decision both about what it would cost you to live in Panama...and exactly what that monthly spend would buy you.
We're building a business.
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 six years, and we continue to shop...and to buy.
As we've been reporting, Panama City is not the place to buy for investment...but, outside the capital, this country still hides some of the smartest property buys on the planet today. You just need to know where to look.
We're also becoming part of the community. We have good friends in this country, some Panamanian, some American...others are Dutch, British, Ukranian... Our commitment to Panama is long-term.
What's the point of all this to you?
Well...all those years of experience...all those contacts and resources...and all those community connections? We'll be bringing all that...and then some...to the table over the three days of our Premier Live & Invest in Panama Conference
"I love the e-zine and eagerly look forward to reading more from you people. What a fantastic idea you've come up with."
-- Carolyn J., United States
We've put out a general call, and I'm pleased to report that all our top contacts have responded enthusiastically in the affirmative. They are ready for action. With their help, we've put together an A+ program.
Join us in Panama City May 14-16, and you'll learn everything you need to know about residency
and health insurance
opportunities (these are limited) and entrepreneurial
options (these are not)...
Over the course of these three 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 Premier Live & Invest in Panama Conference
, we'll introduce you to:
- The #1 Resource for Living and Retiring in Panama: Rainelda Mata-Kelly, attorney-at-law and principal of Law Offices Rainelda Mata-Kelly
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 10 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 contacts. 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 12 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.
In Panama, You Could...
Enjoy Perfect Weather
Not in Panama City, of course. The climate in the capital is hot, hot, hot...and humid. But in the interior of the country, in places like Boquete and Volcan...Santa Fe and, nearer to the big city, El Valle...the weather can be spring-like year-round. In Boquete you might even want a fireplace for the chilly nights...
In Panama, you'll never again have to worry about snow. Nor will you have to give a thought to hurricanes. As our young Marketing Manager Harry puts it, "The only hurricanes in Panama since 1851 have been the kind you drink."
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.
- The #1 Resource for Real Estate Investing in Panama: Lief Simon, private real estate investor, consultant, and developer
Lief Simon has lived and worked on 5 continents and traveled to more than 50 countries. His real estate investing experience began more than 12 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 dozen years since, he has personally bought and sold property in 18 countries.
As the founding editor of Global Real Estate Investor
and Real Estate Editor for International Living
for 10 years, Lief spent more than three weeks out of four on the road for an entire decade, traveling almost constantly in search of the world's top emerging real estate opportunities.
"I wish to congratulate you for the quality of the reports I have received up to now--the plain, matter-of-fact, but essential and wise information we all need to make vital decisions, especially in these extremely difficult times."
-- Peter L., Italy
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).
For example, Lief told readers of his Global Real Estate Investor
to buy in Argentina immediately after the 2001 financial crisis in that country, a time when CNN was showing riots in the streets and warning people to stay away. Lief saw not crisis but opportunity. Forward-thinking readers who followed his lead enjoyed appreciation rates of 100% and more in fewer than three years on buys in Buenos Aires.
In recent years, Lief has also turned readers on to investments in Mexico, Nicaragua, and Romania, buys that have appreciated 160% in 18 months, 120% in 12 months, and 82% in 15 months, respectively.
Lief retired from International Living
at the end of 2006 to pursue his own real estate investment agenda. In the two-and-a-half years since, he has focused his attention on Panama.
Lief made his first Panama purchase six years ago and continues shopping and buying today. In that time, he's covered every corner of this country. Lief knows where to buy now and how much to spend. He knows the pitfalls and the caveats and how to avoid them all. If your Panama agenda includes any real estate component, this is the man you want to speak with.
Over the three days of our May Live & Prosper in Panama in 2009 event...you'll have the chance to do just that.
Where Should You Buy For Investment In Panama Today?
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 and expanding so fast 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?
Our in-country Panama property experts will tell you. Join us in Panama May 14-16 to find out...
- Does Panama City still make any sense at all? Or is this market nothing more than a bubble waiting for a pin?
- How much should you pay for productive or farmland? Where should you buy? And what might you best grow?
- What's the best investment in the country right now overall?
- Is preconstruction smart?
- What about these hotel-condos?
- Most up-and-coming region?
- Where will the new international airport go?
- Where else might you front-run the infrastructure?
- Panama's Next Big Thing? We believe we've found it...
- Best buy on undeveloped beachfront?
- Best condo buy for 2009?
- The #1 Resource for Insurance, Including Health Insurance, in Panama: Kevin Bradley, licensed broker, Ducruet Insurance Agency
Kevin Bradley is your one-stop resource for all your Panama insurance needs. Kevin 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 worries as you prepare to make a move overseas. Kevin 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. Kevin 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 May, you'll have the opportunity to speak directly with Kevin and to have your particular questions and concerns addressed.
- The #1 Resource for Buying or Renting Property in Panama: Giulia Gonzalez, Prisma Realty
One of the toughest things about planning a move to a developing market like Panama is getting your head around the real estate options. Remember, there's no Multiple Listing Service in this country.
How can you know what's for sale or for rent? Which neighborhoods might best suit you? Which beach towns? How much should you expect to spend to rent an apartment? How much should you pay per square meter to buy in the mountains?
Real estate professional Giulia Gonzalez has the answer. We've been working with Giulia for more than five years. She knows Panama real estate better than anyone else you're going to find...because she knows it as a local.
"Informative and factual, no bunk! I really appreciate that."
-- Judith D., United States
Giulia is a Panamanian who has lived and worked in the States. Her English is perfect, and her attitude is anything but Latin.
Still, she understands how things work in this country the way only a Panamanian can understand.
Giulia knows the current per-square-meter cost to buy or to rent in every neighborhood of Panama City...and she knows and has personal local contacts in every other region of this country you might be interested in for living, retiring, or investing.
Giulia will help you get the lay of the land regarding this country's key real estate markets...she'll help you to set realistic expectations about what things currently cost...and then she'll do everything possible to make sure you buy or rent safe and for the best possible price. No other real estate agent in this town will work harder for you.
- The #1 Resource for International Tax Planning: Chris Rusch, JD, MBA, international tax attorney and advisor
You don't want to organize your live, retire, or invest overseas plans according to tax code, but you sure don't want to ignore it either. Especially when you're just starting out, but even after you've been at this a while, buying real estate in a foreign country or setting up an offshore corporation...these are intimidating propositions. You worry you'll end up running afoul of some tax law you didn't know existed.
You need advice from an expert. The trouble is, a reliable, affordable international tax expert...who really understands the opportunities created by living and investing your money across borders...is hard to come by.
We looked for more than 20 years...then, finally, 3 years ago, we found Chris Rusch.
Chris is an international tax lawyer with nine years experience working with international structures, asset protection, banking, and multi-jurisdiction tax issues.
In Panama, You Could...
Panama is one of the world's top tax havens...and one of the best remaining offshore havens, a place where your privacy still matters.
Organize your affairs properly, and you could live here 100% tax-free. Our experts will show you how...
Most recently, Chris has focused his attention on Panama.
Every American living, retiring, or investing outside the United States needs two tax advisors--one in the country where he's spending his time or his money...and a second back home in the States. Chris is the guy you want working for you back home.
In addition, over the course of these three days in Panama City, you'll also meet and hear from:
- Robert Kroesen, director, United Nature
Panama offers 12 options for obtaining full-time foreign residency. The most appealing in many regards is the Reforestation Visa, which provides not only full-time residency, but also a long-term investment in a hard asset (timber) with an upside.
Managed timber has beaten the stock market over the past 30 years, returning about 15% a year, while stocks, during the same period, have returned only, on average, about 11% annually.
"The honesty and realism of your information shines through. I am looking forward to continuing reading your offerings for a long time."
-- Carol C., United States
Furthermore, not only is timber a good way to beat the markets, it's also a great way to hedge them. Timber operates blissfully ignorant of things like worldwide financial meltdowns.
The demand for this commodity continues to grow, while the supply, especially for certain kinds of timber, like teak, the world's most valuable hardwood, is limited.
Teak is indigenous to only four countries in the world (Burma, Thailand, Laos, and India), but it also grows exceedingly well down here in Panama, particularly in the Darien region, where Robert's 15-year-old plantation is thriving.
Even if you aren't thinking about moving to Panama (and therefore shopping residency options), right now, given the current financial climate, this kind of investment is hard to beat.
Robert will tell you all about it when we meet in May.
In addition, during the three days we're together here in Panama City, we'll introduce you to a professional Panama mortgage broker
One of the most frequently asked questions from readers is, "Can I arrange financing locally to buy real estate?"
In most of the developing world, the answer is no. In Panama, the answer is, indeed. This is the biggest international banking center in the region, home to more than 120 international banks, and a number of them lend to foreign property buyers. Right now, when it's no longer an easy option to borrow against a real estate asset back home or to bring your equity with you, this is a more important than ever advantage to choosing Panama.
Which banks offer financing? According to what terms? What paperwork will you need to apply? How will you qualify? Can you be pre-approved?
Our preferred mortgage broker in Panama City will detail the answers to all those questions and every other one you have regarding financing in Panama.
We'll introduce you to our preferred Panama City banker
, as well.
It's harder and harder to open a foreign bank account anywhere in the world. It pays to have a personal introduction...an introduction and all your banking questions answered.
If you're considering retiring to Panama, some of your most urgent questions likely have to do with the quality and the cost of health care in this country. When we meet in May, we'll make sure you get honest and direct answers from local health-care professionals
You could get by living in Panama without learning Spanish, especially if you intend to focus your time in Panama City.
However, we strongly recommend you make an effort to learn the local lingo. Your experience living and spending time here will be greatly enriched once you cross the language barrier. And a little effort goes a long way.
That's why we're also inviting a representative from one of the top language schools
in Panama City.
Also among our Panama Conference Team will be an international shipping agent
(to help answer all your questions about shipping your belongings, importing your car, and mitigating your customs duty).
Plus, at our Premier Live & Invest in Panama in 2009 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.
One problem with Panama is that you're spoiled for choice. Panama City's, especially, is a mature real estate market. How do you choose among all the options for city living?
And which beach developments make most sense for you given your personal preferences, priorities, and budget?
We've been scouting, researching, and performing due diligence on real estate development projects in this country for more than a dozen years. We know who's doing what...and who's doing something he shouldn't be doing.
"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., Alaska
We know who's building dream homes by the beach and who's the subject of serial horror stories.
For our Premier Live & Invest in Panama in 2009 Conference, we've identified the top five developers operating right now in this country. 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 three 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.
Who else do we want you to know? Others just like you who've already made the move:
Expats already living, investing, or doing business in this country.
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.
I'm not counting myself as part of this crew. Yes, I'm an expat living, investing, and doing business in Panama...but I understand if you'd like to hear about Panama from someone other than me for a change.
These people have no agenda. They've agreed to participate in the event for no reason other than they'd like to help out fellow expats considering following in their footsteps. They receive nothing in return...have no ties to anyone (including me or Live and Invest Overseas)...and are hindered by no conflict of interest.
Our only request of them is that they tell it like it is. What you hear from these Panama expats won't be all good. Maybe it won't even be mostly good. But it will be the real deal.
"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 our May 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)...and each one is excited to share his (or her) story with you.
"In a horribly busy world and amid corporate pressures, I find that your newsletter is most informative and a wealth of very interesting and thought-provoking information of which I hope to make use in the near future. No matter how busy I am, I find the time to read your letter every day. Keep up the great work!"
-- John M., United States
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.
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, one and the same as the guy I introduced you to above), and I made an important geographic decision. We decided to make a third international move with our family and my new business...this time to Panama City.
In other words, as I write, I've been covering this beat, researching, writing, speaking, and presenting on the opportunities for living, retiring, and investing overseas, for nearly a quarter-century.
I have moved children, staff, enterprises, household goods, and pets from the East Coast of the United States first to Waterford, Ireland...then, five years ago, to Paris, France...and, most recently, last summer, to Panama City.
I have traveled to more than 50 countries, invested in real estate in 18, established businesses in 7, and renovated properties in 6. I've written books, reports, and essays on why and how you might want to do the same...and I've appeared at conferences and on television and radio...everything from the AARP National Convention to the Regis Philbin Show...detailing opportunities for living, retiring, and investing all around the world.
Panama Air Travel Tips
As of this writing, you can fly from the East Coast of the States (Newark) to Panama City on Continental over the dates of our May 14-16 event for only US$300.
From Europe, KLM flies direct from Amsterdam.
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.
This will be a high-energy, full-throttle three 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, lunches, open-air parties, and other special events to give you as much opportunity as possible to mingle and mix with your fellow attendees and your Live and Invest Overseas panel of experts.
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, a decade ago, at a conference in Ireland...
Publisher, Live and Invest Overseas
P.S. Panama Circle Members attend free...as do their spouses, significant others, or guests. And Overseas Retirement Letter
subscribers, we'd like to invite you to join us at a special discounted price.
See below for full program and cost details.
Live & Invest in Panama in 2009
May 14-16, 2009
Program Details, Costs, & Special Discounts
Your Live & Invest in Panama in 2009 admission includes all seminars, breakout sessions, workshops, lunches, cocktail parties, entrance to the sponsor hall, participation in the farewell reception, plus printed materials and your Live & 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.)
We researched every business-class and above level hotel in this city...and we were appalled by the rates some of them were trying to charge! Then a local friend made a recommendation, the hotel she describes as the best value in the city.
That's where we're holding our event: the recently renovated Hotel Veneto
, now a Wyndham property, where we've negotiated a very special Conference Attendee Rate of only US$140 a night, including both full breakfast and free wireless Internet. If you've researched the cost of international-standard hotels in this town, you appreciate what a bargain this is. Internet alone can cost you US$15 a day at some hotels!
(This rate is available for attendees of our Live & Invest in Panama event only, by the way. You won't find it quoted online. The only way to get it is to call and to identify yourself as one of our conference-goers.)
We've reserved a block of rooms, but, when they're gone, we may not be able to get more. Frankly, we're expecting a great turnout, given the volume of pre-registration sign-ups we've been receiving. So, again, please, don't delay in making your reservation.
One more important thing: Remember, if you're a Panama Circle Member
, we've got a seat at the conference with your name on it. Your admission is free. As is that of your spouse, significant other, or guest.
In addition, we'd like to extend a special discounted invitation to our Overseas Retirement Letter
subscribers. If you're an active ORL reader, you save US$50.
One more time: Don't delay. Reserve your place now. Click on the Reserve My Place! Button below. Or get in touch with our Conference Coordinator Stephanie Valencia
by e-mail: firstname.lastname@example.org
or by phone: 1-888-627-8834.
Remember to mention that you're a Panama Circle Member or an Overseas Retirement Letter
subscriber when you e-mail or call. Stephanie 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!
"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
PLUS: Join Us May 12-13 To Learn...
How To Retire Overseas
Identifying the foreign paradise with your name on it is only the beginning of the story.
Then the real work starts.
"I need practical advice," wrote one reader recently. "I need help understanding my options overseas for health care. Can I receive my Social Security abroad? How do I open a bank account?"
Whether you're thinking you're like to retire to Panama...or some other paradise overseas...we understand:
You need help.
That's why, over the two days in advance of our Live & Invest In Panama Conference, we're holding our first-ever:
How To Retire Overseas Event.
This is Step 1. This is how you start. This is Retire Overseas 101.
This is your chance to spend two full days in the company of more than a dozen people who have lived the expat life. Who have moved across borders...in most cases, more than once...with spouses, with businesses, with families, with children, with pets...
This is your chance to ask all your questions and to have them answered in full in person.
This is your opportunity to find out everything you need to know regarding...
- Medical care abroad...
- International health insurance...
- Expat tax issues...
- International banking options...
- Telecommunications challenges...
- Visas, residency, even citizenship...
- Buying a car...shipping a car...
- Starting a business in a foreign country...
- Enrolling your children in an international school...
- Shipping furniture across continents...
- Managing customs and minimizing import duty...
- Getting a driver's license in a new country...
- Opening a bank account as a foreign resident...or as a non-resident...
- Learning a new language...
- Shopping for groceries...for appliances...for antiques...
- Finding a house or an apartment to rent...
- Taking the plunge and making an investment in foreign real estate...
These will be two information-packed days, with presentation after presentation by expats and experts speaking from firsthand experience about how to get from where you are right now to the better, more affordable life overseas you're dreaming about...
These will be two high-octane days with lots of opportunity for questions and answers (your questions and real-world answers from our panel of experts)...
These will be two fast-paced days of one-on-one discussion and private consultations (if you like)...
These will be two days of chatting and mingling, networking and socializing poolside over cocktails.
We want this important and timely program to be available to as many readers as possible. We realize how much you need this support right now.
So we're doing two things:
We're pricing our How To Retire Overseas Event so that cost is no hindrance to your participation. In truth, you can't afford not to participate in this one-of-a-kind and extraordinarily timely event.
In fact...you could attend free.
When you join us here in Panama City May 14-16 for our Premier Live & Invest in Panama Conference, you're invited to participate in the two days of our How To Retire Overseas Event as our guest.
Over these two days, we will lay out a plan for you. We will address the nuts and bolts, the particulars and the practicalities.
We will make sure you have all the information and knowledge you need to be able to realize your dream retirement to the overseas haven of your choice.
You can attend both the Live & Invest in Panama Conference and the How To Retire Overseas Event for the price of the Live & Invest in Panama Conference alone.
Or, come on down to sunny Panama for the How To Retire Overseas Event alone and spend two days with our panel of experts gaining the wisdom of decades of experience living, retiring, doing business, and investing all over the world.
You couldn't gain access to this level of experience and expertise any other way even if you were willing to pay for it.
And the cost, if you tried to source this kind of support on your own, would be great.
However, as I've explained, we're pricing this How To Retire Overseas Event so that you can't afford not to attend.
Desperate times call for...special offers. Here's ours:
Participate in our How To Retire Overseas Event...for but US$395 per person.
Second person of a couple attends for half-off. (That is, a couple attends for US$592.50.)
I can't imagine how you'd gain access to this level of wisdom and knowledge for less than US$400 on your own. One meeting with one international tax attorney could cost you more than that.
Pay US$395 per person to be in the room with us for these two heavy-hitting, everything-you-need-to-know-to-retire-overseas days (US$592.50 if you register as a couple).
Or join us free for these two special days when you participate in our Premier Live & Invest in Panama Conference.
Here's the catch. Space in the meeting rooms at the Veneto Hotel, where we'll be holding both the How To Retire Overseas Event and the Live & Invest in Panama Conference, is limited. The available seats for this event at this price will fill very quickly.
Please, therefore, don't delay. This is your chance to have all your questions answered in person by people who know what they're talking about.
This is your chance to spend time among others just like you, like-minded souls who are also considering their options during these uncertain times.
This is your chance to plan for your own bailout.
But, to tell you the truth, we don't think about it in those terms. We don't think of it as bailing out. And you shouldn't either.
We think of it as starting anew. Realizing your dreams. Having the greatest adventure of your lifetime.
And, in the process, making sure you don't have to spend your retirement decades worried about how not to outlive your retirement nest egg.
They say "bailout"...we say "dream retirement"...
Either way, this is your chance to gain all the knowledge and support you need to make it happen. Reserve your seat right now. Before it's too late.
More Reasons To Join Us In Panama City May 14-16, 2009:
- To learn the secret to getting around Panama City by taxi...we'll introduce you to the new taxi fare zone chart...and we'll even show you how to read it! (Plus, we'll tell you the one thing never to say to a Panama City taxi driver.)
- To learn the secret to having mail delivered in this country (Hint: You don't rely on the Panama postal service...)
- To learn how to live in Panama tax-free...
- To understand the options for getting a job (Yes, there are some opportunities...and we'll detail them...)
- For a firsthand account of everything you need to know to start a business in this country. Panama is an entrepreneur's playground. How can you cash in? Our experts have real-world answers...
- To get to know Panama as a tourist. This country is a naturalist's dream come true and an eco-traveler's paradise. Come, let us introduce you to Panama beyond the tax and banking advantages, beyond the real estate investment upside, beyond the economic boom and the special benefits for foreign retirees...come discover the other Panama...
- To understand the particulars of the 20-year property tax exemption on all new construction (and, often, on resales, too!)...
- To meet like-minded folks who, just like you, are looking for a chance to live better, to retire well, and to invest safe and smart in the current climate...
- To mingle with expats who've already made the leap...to hear firsthand of their adventures, their discoveries, their accomplishments, and their horror stories...an evening chatting at the bar with these people is alone worth the price of admission...
We're Not The Only Ones Who Know A Good Thing
When We See It
Here's what others are saying about Panama…
- Trump Says: "Great Views, Prestige, Convenience, and Growth Potential"
"Donald Trump is participating [in the boom] … developing Trump Ocean Club – a 68-story mixed-use hotel and apartment tower in the Punta Pacifica district, which meets with his four key criteria: great views, prestige, convenience and growth potential."
– New York Times
- Drawing Investors from Across the Region and the World
"The tiny Central American country is now one of the fastest-growing economies in the region … the Latin American powerhouse. The economic boom comes amid efforts by the Panamanian government to market itself as a financial haven in an area of instability, drawing investors from across the region and the world."
– National Public Radio
- A Secret the Rest of the Traveling World Has Yet to Discover
"Panama's charms include its stunning coastline of palm-fringed beaches, its astounding wildlife - boasting an incredible diversity of tropical birds - and its proud, vibrant indigenous peoples, such as the Kuna. While in Panama, you'll find it hard to shake the inescapable feeling that you're in on a secret the rest of the traveling world has yet to discover."
– Lonely Planet