In a few days I'll be returning to Panama City, Panama for The Sovereign Society's 20th Total Wealth Symposium. And you can join us -- there's still time. (See below).
I first visited a very different Panama back in the 1970s when I was a member of the U.S. House of Representatives and ranking Republican on the Panama Canal Subcommittee. Those were the days when one-term U.S. president Jimmy Carter had decided to give away the American-built Canal, one of the technological wonders of the modern world. While I was opposed to the treaties, it has turned out to be the right thing for both the U.S. and Panama.
I'll be interested to compare the local situation since my last visit eight months ago. This is one of the many visits I have made to Panama in the last 10 years, a period that has seen phenomenal change and growth.
World Discovers Panama
Panama is no longer the "well kept secret" that it was when the Sovereign Society first started reporting on this small tax haven over 10 years ago. Now the whole world suddenly has discovered this strategic nation. So if you're interested in buying real estate there, you have to look beyond the sky high condo prices in Panama City, to the real estate deals still lurking in some of the rural Panama areas such as Chiriqui or Bocas del Toro.
One reason for Panama's successful economic growth has been its carefully planned and enlightened laws that are almost unique in the world. These laws welcome foreigners who wish to move to Panama for a second home or retirement, establish a business or make investments.
There are a host of special visas authorized by laws; the most popular of which is the pensionado program. This unequaled program allows immediate residence for foreigners. Plus, the program offers reduced prices and allows tax-free import of households goods, motor vehicles, even a boat. You can also secure special real estate tax exemptions when you buy or build in Panama as a foreigner. Well explain all this at next week's Panama Symposium.
I'll be conducting a special program on dual citizenship and second passports as part of the Symposium, along with experts on this subject.
There's Still Time
Come on down and see for yourself these great people and their beautiful land, from tropical beaches to cool mountains and -- then you'll understand why thousands of Americans, Canadians and Europeans now make their homes here.
I hope I'll see you there next week. Reserve your seat right now for our 20th Total Wealth Symposium. Click here for details.
Comments