Live and Prosper in Panama

107 building projects under construction… Donald Trump’s $220 million luxury oceanfront tower… The “YES” vote to expand the Panama Canal
(and the 7,000 new jobs it will create)…

And that’s just the beginning…

You can either get in now, or wish you did five years from today. Join us this May, and we’ll show you how to get in on the “Latin American Boom” in Panama - before it’s too late.

Dear Reader:
Panama is on fire!
Not in the literal sense, of course…
But the truth is, it’s never been hotter in this tiny Central American country.

Panama is flat-out booming - across all sectors…

Here’s what I mean:

A recent Credit Suisse report predicted real growth of 6 to 7 percent in Panama in 2006 and 2007 - and a surge in residential construction…
A study by Prima Panama, a local real estate marketing and promotion company, identified 107 building projects under construction in Panama City as of July 2006. The total value of these projects is estimated at USD$3.17 billion - equivalent to 20% of Panama’s overall annual GDP in 2005. These projects will be completed and come to market by 2010.
Real Estate Mogul Donald Trump is building the Trump Ocean Club - a 65-story international hotel and tower. It will feature 800 hotel and condominium units overlooking the beach, a casino and a 24-hour yacht club in Panama City.

"I really think the time for Panama has come…"
Trump recently told reporters.

A $5.25 billion plan to widen the Panama Canal was approved by referendum on October 22, 2006. This will allow the Canal’s capacity to almost double. According to Panamanian sources, this will create “… an economic windfall and an estimated 7,000 jobs during the five-year construction period.”
UNESCO has predicted that Panama will become the region’s technology and communications hub within the next few years…
Even the entertainment industry is getting in on Panama. The CBS hit reality show Survivor filmed in Panama for its 7th, 8th, and 12th seasons – making Panama the only country in the world where the show has filmed more than once…)

Yes indeed, Panama is home to perhaps the most dynamic, fastest-growing business environment in the Western Hemisphere.

In Panama, you can find both warm clear Caribbean style water and beaches (as above) and also fabulous Pacific beaches, perfect for surfing and big game fishing

Yet Panama’s not just a great place to do business…

For the sixth year running, Panama has come out on top of International Living’s Annual Global Retirement Index.
In other words, Panama’s a great place to live – even if you’re not “retiring.”
Let me explain.

Panama offers something for expats of all ages - and not just “retirees”

Even though Panama’s famed pensionado program is likely the most benefit-laden retirement program in the world, many expats snatching up property in Panama these days are young professionals in their 30’s, 40’s and 50’s simply looking for a cheaper, warmer, safer place to live, start a new business, and enjoy everything that Panama has to offer.

What’s making Panama such a hot spot for the younger crowd?

It boasts:

Striking, unspoiled tropical landscapes and coastlines on both the Caribbean and Pacific coasts… Switzerland-like mountain living in Panama’s interior valleys… and the bustling cosmopolitan capital of Panama City…
A mercifully low cost of living… real estate prices that remain only a small fraction of comparable properties in America… and close proximity to the United States…
A friendly population that welcomes foreign residents and investors… exciting nightlife and cultural activities… and a large English-speaking population…
World-class off-shore banking… first-class health care with many U.S. trained medical specialists… a plethora of promising business opportunities… and generous, money-saving tax breaks…
… and much, much more.

When it comes to overseas havens, no other country comes close to Panama - hence its incredible popularity these days with forward-thinking North Americans.

So, what’s the best way to discover Panama, then?

Fancy a dip in the turquoise waters of beautiful Isla Grande?

Well, you could continue to read our emails… you could continue to read about it in the mainstream press… you could continue to hear your friends raving about the deal they got on their beachfront dream home and how much fun they had on their last trip…

The U.S. Dollar is the official currency of Panama…
Panama’s emphasis on education has resulted in a 90.8% literacy rate…
Panamanians enjoy the highest per capita incomes in Central America…
Panama’s water supply is safe to drink in most areas without fear of Montezuma’s Revenge…
Malaria has been completely eradicated in Panama…
Medical care is abundant, inexpensive, and of high quality (hint: doctors don’t have to pay the high malpractice insurance fees they do in the U.S.)
The infrastructure rivals that of the U.S. with accessible roads, international airports with daily flights to the U.S., and public and mass transportation…
Panama’s constitution guarantees religious freedom…
Considered the banking capital of Central America, Panama is a privacy and tax haven second only to Switzerland…
Many people are bilingual in Spanish and English…

Don’t let any more time pass – Panama is still a great deal – but the window is closing. Don’t get left out.

Register Today!

But we know from 27 years of experience that there’s a better way…
To really discover a dynamic place like Panama, the best way is – without question - to come down and experience it for yourself…

… to meet the other expats that are already living, investing, and starting new businesses in Panama…

… to meet the local experts that are already intimately familiar with the local tax laws… the residency laws… the banking system… the business opportunities… the real estate market…

… and, especially, to meet the IL Panama Office team – an experienced crew of on-the-ground expats that’s constantly scouting the country in search of new opportunities. This team lives and breathes Panama 24/7… and you won’t find a support system like this in place anywhere else in the world.

“I came because I was needy. The wealth of info made me feel greedy.”
- Dereck Williams, Phillipines

Yes, when you come to Panama in person, you’ll really get to see Panama, feel Panama, and experience Panama yourself… and come to your own conclusions about what Panama has to offer you.

And this May, you’re invited to do just that:

You’re invited to come escape the winter cold and visit the IL team in warm, sunny, affordable Panama – “The World’s #1 Retirement Haven” for an unprecedented sixth consecutive year.

Boquete: the best place in Panama to enjoy life’s simple pleasures

You’ll get all the details you need on owning property, retiring, living, working, and starting a new business in this remarkable overseas haven… straight from our team of well-connected Panama insiders in an exotic tropical setting.

The Best Way To Make Living In Panama Happen For You

We’ve been reminding you of the advantages and attractions of Panama for years in our print edition, e-letters, and now in our Panama Alerts.

“Everyone was informative and got the message across, and helps those in the audience to put a face, personality, and ambience to first impressions for me the seminar was a great help pulling together the whole picture. The seminar has been a remarkable overview of the excitement and challenges facing someone who plans to invest or live in this country. Seats us on the fast track. Most informative and and most enjoyable. Muchas Gracias!”
- Lyssa de Loja, Amagansett, NY

However, nothing in the world can take the place of seeing – and feeling – a place for yourself.

That sense when your feet touch the soil… that sense that you could easily call this place home – or at least, a home away from home.

Robert E. Bauman, JD is a former member of the United States House of Representatives from Maryland (1973-1981). He is also a former federal official and state legislator, member of the Washington DC Bar, graduate of Georgetown University Law Center (1964) and the Georgetown University School of Foreign Service (1959), Washington DC.

He is editor of The Sovereign Society Offshore A-Letter and has authored or co-authored outstanding publications such as Forfeiting Our Property Rights, The Offshore Money Manual, The Oxford Club Wealth Protection Series, and The Complete Guide to Offshore Residency, Dual Citizenship, and Second Passports. His articles have appeared in The New York Times, The Washington Post, The Los Angeles Times, The Baltimore Sun, and The Wall Street Journal. Mr. Bauman also serves as legal counsel for International Living.

Robert will paint a picture of the current offshore landscape, giving you his top picks for the safest places to protect your assets and your privacy in 2007 and beyond. Plus, he'll walk you, step-by-step, down the most prudent path to follow as you "go offshore," pointing out potential pitfalls and legal signposts.

That’s why you should seriously consider attending the Live and Prosper in Panama Seminar this May 10-12, 2007.

It’s simply the most convenient, affordable way to find out everything you need to know about Panama - The World’s #1 Retirement Haven.

NOTE: If you’ve attended a past Live and Prosper in Panama Seminar, you’ll be pleased to note that we’ve made many changes to our schedule to reflect Panama’s fast-changing market.

You’ll Be Spoiled For Choice In Panama

At the Live and Prosper in Panama Seminar, you’ll find out all the reasons – first-hand - why Panama has won our Global Retirement Index for six years straight.

Just the ocean, and you…

We’ll show you how easy it is in Panama to:

Own an affordable dream home in Paradise. Find stunning beachside homes for only $75,000… secluded valley retreats for only $60,000… and upscale downtown apartments for only $85,000…
Cut your cost of living by 35% to 50%. Take a taxi across town for $1… watch a movie at the theatre (in English) for $3.75… enjoy a steak dinner in a nice restaurant for $7… receive one month of high-speed internet access for $20... visit a U.S. trained doctor for $40…
Access modern amenities and infrastucture. Enjoy newly-paved roads and highways, air-conditioned shopping malls, high-speed Internet access, cable and satellite TV, and much more.
Enjoy a warm, year-round climate. Along the coasts, you’ll find the tropical climate pleasant. The swimming, scuba-diving, snorkeling, and swimming opportunities here are truly world-class. Head inland, you’ll find lush green hills, flowing rivers, and spectacular waterfalls.
Indulge your sense of adventure. Trek through uncharted jungles and steamy rainforests and some of the most vast, rich and complex rainforests on the planet... canoe into rural villages... go on white-water-rafting expeditions... horseback ride along deserted palm-lined beaches... dive in spectacular Caribbean waters...
Get the visa of your choice – hassle-free. Apply today and soon have residency for life. It's fast, it’s affordable, and it's easy. And benefits include one-time exemption of duties for the importation of household goods (up to $10,000) and an exemption every two years of import duties for a car.
Speak English with friendly locals. Because of the long-standing American presence here, you’ll find that many of the locals speak excellent English. Communicating is easy.
Find affordable, first-rate health care. You’ll find nearly any health care service that you could ever want, but at a fraction of the prices in North America (A U.S-trained doctor will make a house call for around $40.) Furthermore, prices for prescription drugs are low here as well.
… and much, much more.

And you can still find deals in Panama – if you move quickly…

Although there are still deals to be had in Panama… places to discover… an enviable lifestyle waiting for you to call it your own… we don’t want to see you put it off much longer – and run the risk of missing out.

Our last four Live and Prosper in Panama Seminars sold out… and I expect this next seminar to sell out quicker than ever …

… especially with the increase in attention that Panama has been receiving from the mainstream press, travel magazines, and cruise ships.

Take a look:

“… property here remains a fraction of what one would pay for similar real estate in the United States. And with enticements like a 20-year suspension of property taxes to those who build houses or renovate in a historic district, and an income tax hiatus for those starting some small businesses, the opportunities are appealing not only for those seeking a place to retire but also for entrepreneurs.”
--The New York Times

“… hands new American retirees a property-tax exemption and steep discounts on everything from movies to surgery… You can live in a nice place by the water, and you can live dirt-cheap…”
--Newsweek

“… lets retirees import a car tax-free every two years, import $10,000 of household items tax-free, and buy property tax-free…”
--The Wall Street Journal

““Property prices are predicted to rise by 400% over the next four years…”
--London’s Daily Mail

“The most beautiful retreat in the world…”
--Harpers Bazaar

“The best adventure destination of the year.”
--Porthole Cruise Magazine

“The Number One Retirement Destination in the Western Hemisphere”
--Modern Maturity Magazine

There are also numerous bona fide agencies that have recognized Panama for its safety, economic status and bevy of opportunities.

The stalwart voice of retirement options – the AARP – has even honed in on Boquete – a mountainous city with a burgeoning expatriate population that holds the #4 position on their list of best places to retire.

Imagine yourself swimming in this pool at Hacienda Los Molinos

So I hope you’ll trust me when I tell you, the time for you to come and explore the bountiful opportunities that exist in Panama is right now.

I Accept Your Invitation!

Click here to find out seminar rates and specials – such as the early bird rate if you register by March 10. Hotel discounts and other registration options are designed to make this an affordable getaway.

And there’s no better place to start than the location of the Live and Prosper in Panama Seminar, Panama’s bustling cosmopolitan capital - Panama City.

Imagine Miami Without The Price Tag

With its Miami flavor and New York City energy and infrastructure, Panama’s capital of Panama City is a real, functioning, First World city – without the First World price tag.

Panama City boasts:

Air conditioned shopping malls
Luxurious high-rise condo buildings
Accessible telecommunications – including widespread mobile phone coverage and high-speed wireless internet
ATM’s on nearly every corner
World-class restaurants, nightclubs, casinos…
… and much more

You’ll find that every modern convenience you could get in a world-class city in America, you can get in Panama City…

… except everything costs much, much less – especially real estate.

Real Estate Bargains Abound In Panama

Panama City’s modern skyline

At the Live and Prosper in Panama Seminar, you’ll learn about the incredible array of incentives for foreign investors, magical retirement opportunities that allow you to live in luxury on a modest budget, and irresistible property deals that will make it hard to go back home…

You might be tempted to buy a 3-bedroom, 2-bathroom townhouse located just ten minutes from downtown Panama City. Fully renovated and air-conditioned, this property was listed for just $55,000…

“I had considered buying a property in Panama before I came. I made a brief trip to Panama City in December-January of last year to scout out the scene. However, it wasn’t until this seminar that I felt confident enough to buy. I think I will be purchasing an apartment or condo in the next couple of days!”
- Patrica Kurowski, Lafayette, IN -

Or you might discover a private 2.2-acre beach estate near Coronado Beach,– complete with 2-bedroom, 2-bathroom guest house, pool, gazebo, caretaker’s quarters and over an acre of orchards. Who could resist such a property? The dream house we’re describing would easily have fetched millions in the U.S., but recently sold here for just $295,000…

On the night of Friday, May 11, you’re invited to join us for a group dinner at the El Tambor de la Alegria on Panama City’s famous Amador causeway.

The Amador causeway was created from 18 million yards of solid rock extracted from the excavation of the Panama Canal. It’s lined with palm trees and provides spectacular views of Casco Viejo and the Panama City skyline.

At the restaurant El Tambor de la Alegria, you’ll get to try some tasty local delicacies while enjoying a Panamanian folklore show.

It’ll be a fun and exotic evening at one of Panama City’s most beautiful and picturesque locales.

We look forward to you joining us there.

Diego Eleta Quelqujeu
President, Chamber of Commerce, Industry and Agriculture
Mr. Eleta graduated from Cornell University in 1989 and later gained his MBNA from Columbia Business school. After two years in Spain with Andersen Consulting (now Accenture) he returned to his native Panama where he worked for Corporación Panameña de Radiodifusión and founded Orbinet Telecommunications.

Through Orbinet, Diego was a leading partner in the creation of one of Panama's first ISPs, Cybermedia, which later merged with another ISP to form Orbinet, and finally sold out to PSINet, late in 1999. He then founded Electron Investment, a hydroelectric energy development company. Diego is now the Director of Operations and COO of Cableonda, where he is responsible for the company's technical infrastructure, including cable TV and wireless networks, telephony and broadband. Mr. Eleta also serves as President of the Panamanian Chamber of Commerce, Industry and Agriculture and has been Director of the Communications Sector for the past seven years.

He was founder and first President of the E-Commerce Committee and started the current E-Commerce Initiative in conjunction with the Interamerican Development Bank. In addition he was President of the Chamber's magazine, Enlace, for three years, a co-leader of the Social Security reform movement and co-leader of the tax reform movement. Diego is an active member in various groups, including director of Intered, Panama's Internet Business Association and CAPATEC, Panama's Communications and Technology Industry group. He is a member of ANCON, Panama's leading environmental organization, a board member of Cafe de Eleta, one of Panama's emerging premium export coffee companies, and Net People, Latin America's leading Mobile Phone Content and Value Added service provider.

Julio Fabrega
Minister of Commerce and Trade
Mr. Fabrega studied at the American University in Washington D.C and the University of Latinoamericana in Panama. He worked for Texaco, Fundación Ciudad del Saber, and Samsung before joining the Ministry of Trade and Industry of Panama in 2004.

Jose Bern
Project Manager, Empresas Bern
Jose Bern holds a Bachelor in Civil Engineering from the Georgia Institute of Technology (1991), MBA from Georgetown University (1997). Has worked in the real estate arena in Panama since 1998, from sales associate in the high-rise apartment division to current brand manager for Costa del Este homes division, and will be involved directly in the real estate development in Playa Bonita. He is a board Member of the Panamanian Construction Chamber, Caja de Ahorros (one of the top 10 banks in the country), and Empresas Bern.

Maybe you have always wanted to build your own dream house. In Boquete – a small town in the Panama Province of Chiriquí that was named by Modern Maturity magazine as one of the World's 15 Best Places to Live -- you’ll find ready-to-build lots already complete with paved road, electricity, water, phone and internet capacity for around $45,000... and you can build a two-bedroom home for just $133,000...

“Panama: So hot right now… Less pricey real estate, far lower cost of living… Come on down: The price is right…” – USA Today

“While Costa Rica is a great success story, it is hardly an undiscovered gem. That description may apply more outside its southern border in Panama." - London Financial Times

"Panama is the new Central American bargain, where the U.S. dollar – the market currency – goes a long way. The country ranks second only to Switzerland as a tax haven…” - Conde Nast Traveler

“…An undiscovered tourist paradise.” - Boston Globe

“Long overshadowed by eco-tourism heavyweights Costa Rica and Belize to the north, Bocas del Toro is starting to emerge as the newest star in the eco-tourism pantheon.” - Gannet News Service

“…a group of like-minded Americans, lured by cheap land and a government aware of the fragility of its natural resources, are creating a new version of the Gold Coast, a Riviera with an eco-friendly agenda…” - New York Times

"…blissfully pristine and low-key…It's a trip back in time." - Men's Journal

But there’s much more to lure you to Panama than phenomenal land deals:

You can also benefit from:

Money-saving discount programs… on everything from movies to prescriptions to airline tickets for pensioners)…
Consistent buying power… The market currency is the U.S. dollar, so there is no need to exchange currency and no risk of losing your buying power as the value of the dollar fluctuates worldwide…
Guaranteed privacy… Panama enjoys the status of being one of the last truly private offshore havens, second only to Switzerland…so you can rest assured your financial affairs will remain discreet…
Modern infrastructure… Thanks to the Panama Canal, and years of foreign investment, Panama enjoys an enviable infrastructure, including transportation, communication, and economic services that can support any business or leisure activity you can think of…
Affordable medical care… that rivals the U.S. in terms of quality – for half the price or less… (The brand new John Hopkins Medical Facility in Punta Pacifica is state of the art.)
An enviable geographic location… 477 miles of Caribbean beach on one side, 767 miles of Pacific beach on the other and 500 rivers that wind through the country and make their way to the oceans. If waterfront land is akin to gold, Panama is certainly a bountiful mine.

You’ll Meet Panama’s Most Well-Connected Experts and Hosts
at the Live and Prosper in Panama Seminar

Attendees are introduced to the IL faculty at a recent Live and Prosper in Panama Seminar

Because we beat the pack here by about a dozen years – we are firmly established while others are trying to get their bearings.

According to an October 25, 2006 article in the Economist Intelligence Unit, “Among the largest projects in progress are the following.

Grupo Olloqui, a Spanish group, is building Palacio de la Bahia on the Bay of Panama. With a planned 97 floors to be completed in 2009, it aims to be tallest skyscraper in Latin America. The construction budget is said to be around US$220m.
A rival project to that of Grupo Olloqui for the title of highest building is a planned 104-story residential and hotel building, Ice Tower, being built in the Costa del Este area and slated to be completed in 2010. The building is being developed by F&F Properties, a Panamanian firm.
Donald Trump is spearheading Trump Ocean Club International Tower and Hotel. It will have 62 floors containing 800 luxury apartments and hotel rooms, estimated to cost US$220m to build. It will also host a casino, yacht club and private beach. Completion is slated for 2009.
Grupo Mall, another Spanish group, in early October laid the first brick of Los Faros de Panamá, a complex of three towers to include a hotel, commercial mall, 1,716 apartments and 4,000 garage spaces. The investment will reach US$600m. The project is set for completion in 2009.

Beachfront developments outside of Panama City are also under way or in the initial stages…”

We have our own local office right in Panama City where the seminar is being held. Our own on-the-ground representatives, Brandon Clogston and Sarah Cox will play host during the seminar.

Our local office scours the country – ensuring that there’s nothing left to chance when you’re ready to make the big move. They do all the front-line work for you. For example, they make sure that the “ocean view” really has an ocean view...

They spend much of their time building long-term relationships with developers… entrepreneurs… real estate agents… tax specialists… head chefs… club owners… tour operators… salsa dancers… you name it – and make sure that they all meet IL’s high standards before working with us.

Everyone that works in the IL Panama Office lives in Panama full-time. This means that they’re already in place and ready to help you with anything you need.

Everyone in our local office will be available for those who decide to stay on and explore the country and its opportunities first-hand.

Yours Free…Club Panama! Worth $148.
The world’s first in-country “Concierge Club” …
with the world’s most luxurious, lowcost lifestyle …
in the “World’s #1 Retirement Haven.”

www.clubpanama.com

With Club Panama, you can have a full team of in-country, on-the-ground, experts helping you find everything you want – and more – for less! Here’s how …

As a Panama VIP an IL representative will be your personal guide to the country. Our in panama experts will give you a free consultation to discuss everything you want to know about living and investing in Panama.
Save up to 50% off First Class Accommodation throughout Panama.
Discounts at top Panama restaurants.
Exclusive discounts at top golf courses, country clubs and luxury spas…all recommended by IL staff that have traveled and stayed in Panama.
20% off International Living’s “Panama Owners Manual.” This 117-page compendium contains thousands of valuable facts, figures, and insights unavailable in any other publication -- and virtually impossible for the average layman to find on his or her own. You’ll see in a matter of minutes why it is consistently rated as IL’s most popular publication.
You can even avail of free Spanish lessons.

We have covered all the angles, all the activities you may enjoy in your time and personally arranged VIP treatment and discounts for our Club Panama Members.

But what may be worth the most, and this is big benefit -- as a club Panama member we have arranged for you to receive significant discounts on real estate in Panama. We have personally scouted out the opportunities we think make sense right now, and negotiated discounts on your behalf.

Let me show you one example of how much this exclusive benefit can be worth--

Tucan is a 180 acre gated residential community with a rainforest on one side and the Panama Canal on the other, with access to healthcare, restaurants, exciting nightlife, national and international airports in Panama City, only 15 minutes away, and 45 minutes away are some of Panama’s best beaches. It has the only golf course in Panama City, an 18-hole, par 72 championship course, designed by Jeffrey Myers. Every one of the 424 residences at Tucan Country Club is afforded an unobstructed view of at least one hole of the golf course…pricing starts at $199,000, a bargain compared to most golf communities in the US.

You can enjoy 1.5% savings on real estate at Tucan – and many others. You’ll save thousands!

Then, there’s the array of property and land deals that we’ve steadfastly gathered – and will present to you in person in May.

Colonial house in Casco Viejo

Find out how you can:

Live in a townhouse, villa or terraced condominium ensconced on a state-of-the-art 18-hole, Par-72 Championship golf course overlooking the breathtaking Panama Canal. Prices range from $215,000 to $500,000 and include lifetime membership to the golf club, a fitness center, tennis courts, spa, shopping center – and no real estate or property taxes for 20 years.

Pick up a lot to build your own dream home just an hour outside of Chiriqui provinces capital city of David. Choose from bay view lots for just $49,900, riverfront lots for just $129,000 to $199,900 for beachfront property on the Pacific Ocean. The equestrian center, clubhouse and other amenities are yours to enjoy as soon as they are constructed.

Dock your boat outside your home and sail into the David marina in less than 30 minutes. (And if you don’t want to build your own home, let the property owners develop it for you. At just $85/sq. ft. for interior construction, you might be hard-pressed to beat their price on your own – but you’re welcome to try!) (This is available at Istana Properties through seminar speaker Susanna Elmore)

Own a high-rise condo in Panama City. You could easily land a resale property for $55,000 to $90,000 or buy a brand new condo for as low as $134,000 and enjoy the nightlife of New York City – but still be just steps away from the beach, close to the airport, and enjoy every modern amenity you can imagine. (This is the price range for Panama City condos found on numerous websites.)

Enjoy the beach life with an enclave of like-minded expatriates. You can buy a one-bedroom beachfront villa for as low as $245,000 at the Villas at Contadora – located in Panama’s Pearl Islands (the popular reality show Survivor has been filmed in the Pearl Islands several times).

Of course, it takes more than a dream house to make a new life, which is why we’ve invited such an extensive range of experts who will cover everything you need to know – whether you want to relocate, invest, or just have a second home for vacationing until you’re ready to retire.

“Panama is a tax haven…a privacy haven…an asset haven…a residential haven, and a haven for liberty.”
-- Former U.S. Congressman Bob Bauman, Chairman, The Sovereign Society

From establishing residency or citizenship to outlets for shopping, access to banking or places for relaxing, adventures worth exploring or opportunities for investing or starting a new business – you’ll be assured, even amazed, by the plethora of choices you’ll have here.

Not to mention, you’ll be awash in the beauty of Panama – and there’s nothing like first-hand experience to help you make your next move.

Enjoy A Better Quality of Life in Panama, For Half The Cost

A view of the Panama Canal—every year more than 14,000 ships cross the canal, carrying over 203 million tons in cargo.

One aspect of Panama that is drawing the attention of Americans and Europeans especially is Panama’s pensionado program.

Aimed at luring retirees to a more luxurious – yet less expensive – lifestyle than most can obtain in their high-tax, high-cost countries of origin, this program puts Panama in a class by itself among retirement destinations around the world.

Got a question you’d like to ask one of our experts directly? All you’ve got to do is check out our Exhibit Hall.

At this May’s Live and Prosper in Panama Seminar Exhibit Hall, you’ll find over 40 tables, fully staffed by our expert speakers and their assistants.

Stop by the Exhibit Hall during a coffee and snack break…
Walk up to the desks and introduce yourself to the experts…
Ask any questions you may have about Panama…
Meet and network with fellow attendees, other speakers, and IL staff…
Plan your next course of action…

The Live and Prosper Exhibit Halls have been getting more and more impressive. And this upcoming Live and Prosper in Panama Seminar is shaping up to be our best ever.

NOTE: At this upcoming seminar, several Boquete developers will have their exhibits on display… so if you’ve ever dreamed of living in the mountains with perfect, springlike weather year round, then you’ll definitely want to stop by their exhibits and get all the details on what it’s like to live in Boquete.

If you can document a minimum monthly pension of $500 (plus another $100 per dependent) and meet a few other simple requirements, you may be eligible for a long list of perks, such as:

Import tax exemption for household goods
Tax exemption to import a new car every two years
50% off entertainment anywhere in the country (movies, theaters, concerts, sporting events)
30% off bus, boat, and train fares
25% off airline tickets
50% off hotel stays from Monday through Thursday
30% off hotels stays from Friday through Sunday
25% off at restaurants
15% off at fast-food restaurants
15% off hospital bills (if no insurance applies)
10% off prescription medicines
20% off medical consultations
15% off dental and eye exams
20% off professional and technical services
50% reduction in closing costs for home loans
25% discounts on utility bills
15% off loans made in your name
1% less on home mortgages for homes used for personal residence

To qualify for Panama’s pensionado program, all you need is to receive a minimum of $500 from a government or well-known corporate entity – no matter what your age! And if it’s a private pension, then you can qualify if you’re at least 50 years old.

Panama City is a skyline of skyscrapers…modern office buildings and hotels, all glass and steel, facing out over the Gulf of Panama.

Remember, too, that these are discounts off of already low costs. Panama City might feel like New York City in some ways – but not to your wallet.

Whether you are living on a pension or fixed budget – or just like to spend less and get more – Panama will make your heart sing. You’ll only pay 10 - 12 cents per kilowatt hour electricity costs in most places. Water and trash collection will run you around $7 a month. You can hire a live-in maid for $100 a month.

“I knew nothing about Panama before I came. I now feel as if I know a great deal. I’m now leading towards brain overload, but I know next week the important points will come back to me. And if I need to refresh my memory about anything, I have the emails of the speakers, thanks to the International Living information pack.”
- Elma Stillion, Richmond, UK

You’ll also live and eat like a king – local beer at the supermarket is just 35 cents a can, and a cup of coffee in a restaurant may be as little as 30 cents, too. How about an avocado for just 50 cents, a pound of chicken for a dollar, a banana for 5 cents – and a complete dinner at a mid-range restaurant -- $10 per person.

These aren’t the pensionado prices – these are the regular prices. In U.S. dollars, with no worries or concerns that you’ll lose any buying power – since the U.S. dollar is the national currency used across Panama and does not need to be exchanged, ever.

There’s nothing like hearing it “straight from the horse’s mouth.” That’s why you’ll enjoy hearing the real stories of these IL readers that now call Panama home.

They’ll tell you “their Panama story”… what they do in Panama now… what it’s like to live in Panama as an expat… what you can expect when you relocate to Panama… and much more.

Here are a few expats we’ll introduce you to:

Jennifer King is a classically trained French chef and worked in the hotel restaurant industry before moving to Panama from Oregon. She opened the La Cresta de Oro pet friendly Bed & Breakfast and is currently working with a non-profit group to compile a guide (and website) to Panama city restaurants.

Cynthia Cudmore-Mulder was born and bred in the popular Canadian tourist destination, the province of Prince Edward Island, Cynthia was the middle child of three Cudmore siblings who were raised listening to business news and marketing brainstorms at the breakfast table. She studied Commercial Design and Advertising at Holland College and later languages at the University of Prince Edward Island.

On completion of her studies at Holland College, she took management and buying roles for large departments, as well as developing several tourism businesses. A shareholder in the business, and having taken her departments to the top in the region, she decided it was time to take a sabbatical and traveled around the world for 2 years - during which plans took an unexpected turn.

During her sabbatical, she traveled Asia and then dropped her bags in Queensland, Australia for a year where she explored the Great Barrier Reef and the outback. Eventually she put down roots in the Caribbean island of Curaçao, Netherlands Antilles where she started a publishing/consulting company, Infinity International N.V., developing business promotions for Caribbean businesses and government organizations. Author of a tourism guide published by the European Union for the island of Curacao, as well as the developer and author for numerous newsletters and tourism magazines in the Dutch Caribbean. In Curaçao she met her Dutch-Curaçaoan husband, Hiddo Mulder. Following the birth of their son they left Japan for 5 years but ended up cutting ties with Curaçao and remaining in Japan where they still have major connections.

In Japan, without a career to balance, Cynthia studied the art of Japanese ceramics and began a vintage Japanese kimono and antique business in the southern city of Fukuoka. It was during this period they decided to investigate Panama for their future, and traveled there purchasing property on Taboga Island. Panama seemed a perfect place to settle, for the culture, tropical climate and vicinity to their homes in North America and Netherland Antilles. When the contract with Hiddo’s first company was almost over, they were offered another, which they took after making the decision that Cynthia would go to Panama first to develop their property and settle with their son, and Hiddo would sign a commuting contract.

Never one to sit for long, Cynthia knew retirement in the traditional sense was not for them. She decided to redefine it to suit their lifestyle. It was her goal to develop several small businesses to keep her active which would keep them involved in the Panama business community.

Now, Cynthia is managing design, construction, logistics, and development, of their Cerrito Tropical Vacation Apartments on nearby Taboga Island, as well as consulting for other expats on projects both in the city and on Taboga. She consults for expats on their renovations with her American-trained Panamanian crew, and sourcing products in Panama. A published author, writing has always been Cynthia’s passion; she continues to write when she has the time, although now using her both her International and Panamanian experience as the base for her articles. Cynthia has been an expat for close to 20 years. Australia, Curaçao, Japan and now Panama; she is making Panama their permanent home.

Kit Marchel is an adventurer of the world who follows the mantra to “Live your dreams, be guided by your heart, and freedom will follow in your wake.” Ms Marchel lived her dream by purchasing a home in Panama. She will share her reasons why she chose Panama as well as give you hints and tips based on her recent experience.

A published author at the age of 19 and the manager of a celebrity-owned real estate portfolio in South Beach by the age of 27, Kit has nurtured her freedom quest by embarking upon “lifetime adventures,” including recently trekking the Himalayas in Nepal and Bhutan, bungee jumping and skiing in New Zealand, shark diving in Tahiti, studying the Tango in Buenos Aires, skiing in Chile, and personally donating school supplies to children in Cambodia. She owned, developed and operated DreamSport, an international extreme sports school in which she personally instructed barefoot waterskiing.

During her 15 year tenure with an LA-based real estate private equity fund, Ms. Marchel held positions of President, Chief Operating Officer, Chief Financial Officer and Vice President of International Marketing and Business Development. Ms. Marchel grew the portfolio from $10 million to over $1 billion, acquired commercial properties in eight states and three countries, managed private equity in excess of $100 million and debt financing of up to $150 million. Ms. Marchel’s expertise includes acquisitions, finance, operations and marketing.

The daughter of a female Chinese diplomat, Ms. Marchel’s commitment to “living for today” deepened with her journeys to China, India, Micronesia, Thailand and Africa. She speaks English, French and Spanish. A student of world religions and philosophies, Ms. Marchel studied Buddhism with a Llama in Bhutan, visited Jerusalem and Bethlehem for deeper understanding of Judaic and Christian thought and experienced the spiritual majesty present in the Pyramids of Egypt, Machu Picchu, Masada, and the Dead Sea. Ms. Marchel is dedicated to being of service to others, thereby enabling them to fulfill their life’s potential. As Council Chair of the Salvation Army in Skid Row Los Angeles for the past six years, she has volunteered in numerous areas. A former member of the Miami Art Deco District Preservation Society, LA’s Economic Development Committee and the Mayor’s Council, Ms. Marchel diligently maintained the integrity of renovation and development activities in both Miami and Los Angeles.

A devoted Lifetime Member of International Living for over 17 years, Ms. Marchel lives a diverse mix of sage investment, continual world exploration, and dynamic self examination. Now a permanent resident of Panama and Los Angeles, Ms. Marchel commits daily to living her passions and educating others so they may tangibly realize their dreams as she has her own.

Susannah Elmore grew up in Corpus Christi, Texas – but she’s fallen in love with Panama. Specifically with an enchanting strip of beachfront properties that she and her family are developing called Istana Properties.
She’ll tell you all about this special eco-community and exclusive retreat that is designed specifically to protect and enhance the natural environment. Imagine a private, upscale enclave with first class amenities, just steps away from a pristine beach complemented by spectacular custom homes situated on oceanfront lots.

She will take you on a visit to Istana Plantations without you having to leave your seat and will help you discover what you have been searching for, but for a fraction of the cost in the United States.

Jim and Donna Hawley’s first six day trip to Panama in July 2004 resulted in the purchase of a city condo, and a Pacific Beach property, with the intention of investment. Their daughter, Brooke, and her boyfriend relocated in August to Panama to work with Jim and Donna and also to have the first Panamanian Hawley - born here at Hospital Punta Pacifica, just last month. Their younger daughter, Kea, is also contemplating opportunities here in Panama and a possible relocation. It has been a curved path in their quest to find a ‘life’; here in Panama that could afford them a less stressful work environment, with a little more time for their newest passion -- golf.

Donna relocated in Oct 2004 to set up the city condo and to start her first business—a T-shirt company, Panama Sol, with designs from artwork by the children of Panama, who sent their drawings into a contest that Donna sponsored. The designs are currently the only authentic Panama shirts in the country and are in select boutiques and gift shops. Donna then consulted for an American developer in Bocas del Toro, which resulted in the designing of a complete accessory line for their logo and the opening of a surf shop. Jim decided to seize an opportunity to manage a four star resort on an island in the Pearl Islands.

Being an English speaking manager with all Spanish speaking employees presented some interesting challenges but he enjoyed the experience immensely - except for the remoteness of the location and lack of internet or phone service. On to the next entrepreneurial adventure for this dynamic boomer couple.

In between presentations, feel free to introduce yourself and ask these seasoned Panama expats any questions you may have in mind about traveling, living, retiring, or starting a new business in Panama. They’ll be glad to help you.

Whether you have a modest income and you want to stretch it further – or you live comfortably in the U.S. and would like to live like royalty here – your days of pinching pennies and stretching dollars will end when you cross the border.

Take Your First Step To Discovering Your Private Paradise In Panama

Panama boasts many fine beaches where you’ll be completely undisturbed

So many places sound good on paper – and even look good in pictures. But there’s still only one way to see if a place is going to be a good fit for you, and that’s to set foot on the soil yourself.

If after a few days you find you don’t want to leave – ever – you know you’ve found the place.

Honestly, there’s so much to see and do in Panama – so many options – that it could easily be overwhelming.

But when you come to an event like the Live and Prosper in Panama Seminar, you can do your best thinking, knowing that many of the most basic decisions and pieces of information have already been gathered – residency and citizenship, real estate, business opportunities, tax questions. There’s simply no need to figure it out all by yourself – we’ve done all the legwork for you.

Think of how much time, money, and hassles this will save you. All of these esteemed experts will be in one place… at one time. Sure, you could go out and try to meet all of these experts on your own, but why bother? At the Live and Prosper in Panama Seminar, you can do it all in one place, spend a few days at a fantastic Panama City hotel, and have a great time doing it.

All of the resources, developers, expatriates, and service providers you’ll meet through us have been pre-screened. Which means we’ve visited their site, done background checks on them – the works.

If you’re a Publisher’s Roundtable, a Panama Roundtable a Lifetime Member or a World Club Member, then you’ve got an extra reason to be excited about the Live and Prosper in Panama Seminar.

Why?

We’re holding an exclusive VIP event for you at the beautifully-restored Panama Canal Museum.

Situated in Panama City’s charming colonial neighborhood of Casco Viejo, the Panama Canal Museum’s mission is to preserve the American Era of the Panama Canal (1904-1999)

At this VIP event, you’ll get to enjoy some cocktails… explore our beatifully-restored colonial offices… check out the charming neighborhood of Casco Viejo… and learn of a special, members-only deal that we’ve put together - just for you.

Hildegard Vasquez - an architect that specializes in historical restoration projects and a major contributor to the recent upsurge of real estate investments in Casco Viejo restoration projects, will also be in attendance at this VIP event.

Feel free to ask her any question you may have about the restoration process - and gain some valuable ideas on how you can restore historic colonial buildings for personal use or for making substantial profits.

And we can assure you that they live up to International Living’s high standards for a good bargain and a bona fide investment. The speakers are all experts in their field and experienced in Panama’s laws and customs.

Between the low cost of living, the deals still available in real estate, and the Pensionado program, Panama can restore your hope of enjoying an early retirement – a dream you might have given up if your savings doesn’t match the size of your retirement fantasies.

If there’s one thing you can count on at the Live and Prosper in Panama Seminar, it’s that you’re going to receive a lot of information.

Heaps of it.

And not just from the presentations… but from all the casual interactions and conversations you’ll have throughout the Live and Prosper in Panama Seminar with the International Living staff, our acclaimed panel of experts and your fellow attendees.

But if you’re thinking, “Who wants information overload? I’ll be overwhelmed… I’ll forget half of it within a few days… and I won’t know where to start!”

Not to worry…

We’ve taken specific steps to ensure that you not only have a way of retaining all the information you’ll get at the Live and Prosper in Panama Seminar, but that you will know exactly where to start – without getting confused or drowning in the details.

How?

This hot-off-the-presses collection of special bonuses that you’ll receive as an attendee of the Live and Prosper in Panama Seminar.

Here’s what you’ll get:

SPECIAL BONUS #1 – FREE REPORT: The World’s Best Deal For Retirees: Panama’s Pensionado Visa Program. Without a doubt, Panama’s “law for pensioned or retired persons” is the best deal going for retirees the world over. A pensionado visa in Panama gives you deep discounts on everything from recreational sports and theater productions…to public transportation and hotel accommodation. You even get a 25% discount at restaurants… and a 1% discount on personal-use mortgage rates. All of the details are spelled out in this report.

SPECIAL BONUS #2 - FREE REPORT: Coastal Property in Panama: Your Dream Home For Less Than $100,000. Ask the experts on Panama real estate to pinpoint the location in the country that offers the most opportunity right now. Chances are that most will give you the same advice: go west along the Pacific coast. In this special report, you’ll discover the best beach towns to explore on Panama’s Pacific Coast… and where you can find and buy affordable homes in these beach towns.

SPECIAL BONUS #3 - A complete set of PowerPoint presentations from the seminar. After the seminar, you can enjoy the presentations in the comfort of your own home – on your own computer! All attendees at the Live and Prosper in Panama Seminar will receive a link via email to download every PowerPoint presentation used at the seminar. This way, you’ll be able to review what interests you most… retain everything you’ve learned… and rest assured that you won’t miss any key information from the seminar. Everything covered in the seminar can be found in your PowerPoint presentations – free for you to use and digest at any time after the seminar is over.

You’ll also get your own tote bag upon check in – which will include several more surprises for you.

Or it might just be the thriving business community, the black, tan and white sand beaches running up and down the isthmus, the 48 national parks, reserves, and wildlife refuges – everyone has their reasons for coming to Panama. The real miracle of this place is that the reasons can vary so widely.

It’s cliché, I know, but it’s more true here than anywhere else I know: Panama offers something for everyone. As I said, you should see it for yourself. And you should see it now.

Sincerely,

Kathleen Peddicord
Publisher, International Living

We'll ensure you're well-connected by the time this seminar comes to a close. You'll meet and hear from the staff in our Panama office and from a whole host of additional speakers who will deliver exactly all the information you need about Panama.
Our speakers will cover a comprehensive range of Panama-related topics including:

How to find your ideal home in Panama…
Panama’s famed pensionado program and how to take advantage of it…
How to Explore Panama in First-Class style…
Panama’s most promising business opportunities…
What you need to know about Banking and Real Estate Financing…
The ABCs of Rental Management in Panama…
Insurance options for the Panama expat…
Everything you need to know about health care…
Renovating, designing, and maintaining your dream home…
Legal considerations (visas, trusts, corporations, buying property, etc)…
How to take advantage of Panama’s benefit-laden tax laws…
How to relocate to Panama with ease…
What it’s like to be an expat in Panama…
… and much, much more.

Among the excellent speakers you'll meet and hear from are:

Brandon Clogston explores Panama on behalf of IL readers, with a keen eye to the many opportunities available for living, investment, and real estate there. Brandon was born and raised in Omaha, Nebraska and received his Bachelor’s of Science Degree in Journalism from the University of Nebraska/Omaha. He worked as events editor of an Omaha alternative newspaper and also as an English-as-Foreign-Language Instructor. Bit by the travel bug, he headed for Mexico, where he worked with the International Living/Mexico office. Brandon has studied in the UK and has traveled extensively in Latin America. As editor of Panama Insider and Country Consultant for International Living, he focuses on issues pertaining to retirement and relocation, investment, offshore banking, and travel in Panama. His beat includes the tranquil mountainside towns of Boquete and Cerro Punta…the laid back islands of Bocas del Torro, Contadora, and Cormaca de Kuna Yala…the country’s many beaches…and the thriving and vibrant metropolis of Panama City. Brandon will show you why investing in Panama makes so much sense today, how to get around in Panama, Panama City’s best nightlife, and the best places to check out outside Panama City.

Sarah Cox is an International Living Country Consultant in Panama – enthusiastically scouting out the best real estate opportunities there…from the hustle and bustle of colorful Panama City to the highlands of Boquete and on to the country’s many beaches, including the nearly 1500 offshore islands. After graduating from Bowling Green State University in Ohio, Sarah headed south to Mexico – where she got into the real estate game – selling high-rise condominiums in Cancun. Now part of the IL team in Panama, Sarah can answer your real estate, living and investment-related questions, as well as assist in any logistics for those who are looking for a vacation home or to relocate full-time to this friendly, diverse country with its ever-growing expat community. Sarah will tell you all about shopping in Panama – and where you can shop for everything from perfume to jewelry to clothing at prices cheaper than in the States.

Martina Dunphy, International Living’s Executive Director, joined the group in October 2000. Originally from Kilkenny, Ireland, Martina came to work for International Living in Waterford, and has worked her way steadily up the ladder. Her horizons have broadened both within the group…and geographically. January 2006, Martina took IL’s advice, packed bag and baggage, and moved to Panama City, where she managed International Living’s growing office in Casco Viejo. From this base, Martina managed International Living's local office operations in Panama, Mexico, Honduras, Nicaragua, and France. In February 2007 she returned to International Living’s head office in Waterford, Ireland to take up the position of Executive Director. Martina is a lifetime over-achiever, having graduated high school early, earned her business management degree at night, and won several awards in Ireland for her efforts and results. Martina continues her studies with the Chartered Institute of Management Accounting.

Rainelda Mata-Kelly practices commercial and shipping law at the law offices of Rainelda Mata-Kelly. In 1982, she graduated Magna Cum Laude with a degree in Law and Political Science at Santa Maria La Antigua University in Panama. She then went on to Cornell University Law School and obtained a Masters of Law, specializing in Commercial and Maritime Law. Upon graduation, she became the founder, resident lawyer, and manager of the London office of a Panamanian law firm. In 1991, she became a Miami Correspondent for La Prensa, the Panamanian newspaper and then went on to be the Executive Editor of La Prensa. Ms. Mata-Kelly was for 10 years an External Legal Advisor to the 'Asociacion de Usuarios de la Zona Libre de Colon' (Colon Free Trade Zone Merchants Association), member of the Editorial Board of La Prensa, and to date External Executive Director and Legal Advisor to INTERED (Internet Service Providers' Association). As of 1989, she has also owned her own private practice in the areas of Corporations, Immigration, Commercial, Real Estate and Shipping Law of Panama. Rainelda will provide you with all the details on Panama’s benefit-laden tax laws.

Jose Bern is Project Manager at Empresas Bern and holds a Bachelor in Civil Engineering from the Georgia Institute of Technology (1991), MBA from Georgetown University (1997). Has worked in the real estate arena in Panama since 1998, from sales associate in the high-rise apartment division to current brand manager for Costa del Este homes division, and will be involved directly in the real estate development in Playa Bonita. He is a board Member of the Panamanian Construction Chamber, Caja de Ahorros (one of the top 10 banks in the country), and Empresas Bern. Jose will talk about the Panamanian real estate market – as well as giving an overview of Empresas Bern’s residential properties in Panama.

Robert G. Kroesen is a Panamanian of Dutch origin. He lived for many years in the United States where he obtained his marketing degree and worked as a consultant with a marketing research firm. He later returned to Panama and has for several years advised companies and several Panama law firms on their global marketing and public Relations strategies. He also became involved in one of the largest reforestation projects in Panama and together with some of the most important legal firms and consultants around the world is advising individuals on how to maximize their forestry projects through proper management and how to take advantage of the VISA/RESIDENCY applications of your Forestry Project. He’ll tell you about the teak alternative in Panama – and its implications with investment and residency.

Arie Schwartz graduated with a BSM from Tulane University in New Orleans, USA. For the past 8 years Mr. Schwartz has been running several successful family businesses. He holds the position of Vice-President in Playa Blanca Hotel & Resort where he is in charge of the Real Estate Development operation. In the hotel he is responsible for planning and developing marketing promotions and sales strategies, forecast policies and programs designed to maximize sales and revenue for the hotel. Mr. Schwartz also oversees all financial operations at Playa Blanca Hotel & Resort. Playa Blanca Hotel & Resort is located on Panama’s Pacific coast just 1 hour and 15 minutes from the beautiful and modern Panama City. The project nests on an impressive strip of white sands and offers a unique mix of beach residential units combined with a high end 220 room all-inclusive beach resort. Arie will introduce you to the Playa Blanca Hotel & Resort and The Yacht Club.

Derek Sambrook is a Fellow of the Institute of Bankers in South Africa and holder of the Institute's Trustee Diploma in law and accounting. Mr. Sambrook is also a member of the Society of Trust and Estate Practitioners in the United Kingdom. For more than 30 years he has been a trust and estate practitioner during which time he has also been an offshore banking, trust company and insurance regulator for the British government in the Caribbean. Mr. Sambrook is a Partner in and Managing Director of Trust Services, S.A., a licensed trust company in the Republic of Panama as well as a contributor to professional journals and author of 2 quarterly newsletters covering Latin America and international offshore financial services. Derek will go over offshore estate planning in Panama and how you can benefit from going offshore.

Dinesh P. Vaswani was born in Hong Kong, and later moved to New Jersey. He worked in NYC in the Fashion Industry, and by the age of 21 was named Vice President of a major apparel company. In 1997, after starting his own consulting firm, Dinesh came to Panama on a 5 day consulting job for the Latin American licensee of Christian Dior menswear located in the Colon Free Zone. Those 5 days quickly became 7 years as Dinesh was offered and accepted a full time position with the company as Head Designer and Vice President of International Sourcing & Product Development. A few years ago after a friend commented that there were many expatriates, mostly from North America looking to either retire or buy second-homes in Panama, Dinesh started researching and found there was a severe shortage of product that was either designed or built to suit this markets needs. Accordingly, Dinesh set out to create a plan for a development that would satisfy this growing demand, and created a concept that is today the Tucan Country Club & Resort – Panama city’s only Residential Resort development. Dinesh will introduce you to Tucan Country Club & Resort and its many amenities.

Alfredo Alemán is a graduate of Georgetown University, Mr. Alemán has been involved in the development of shopping malls and housing complexes since 1995. He leads the housing division, Casas Bellas, which will start the development of exclusive second home / pre-retirement projects in early 2006. Alfredo will provide an introduction to Grupo Los Pueblos – a development which is dedicated to the design, construction, promotion, and development of an extensive range of projects such as urban residential developments; luxury apartments buildings; a tourist resort in the pacific rim of Panama and the two largest shopping malls in Central America.

Monique de Roux graduated in 2003 from the University of Richmond in Virginia, with a Bachelor’s Degree in Business Administration with concentrations in Finance and Marketing. She also studied Culinary Arts at The French Culinary Institute in New York. With a strong background in business, Monique joined the Scotiabank family in 2004 as a Personal Banking Officer. A year later she was promoted to Home Financing Specialist. She deals mainly with foreign clients that are coming to invest here in Panama. Monique will share her advice with you on financing in Panama.

Jim Hawley and his family relocated from Toronto Canada back to his home city of Minneapolis. Jim has over 25 years in management in the field of packaging and paper. Four years ago he left the corporate world to join his wife, Donna in her optical company as the General Manager. Jim and Donna have now become residents of Panama and will show you how Paradise is indeed within reach when you relocate to Panama.

Hildegard Vásquez is an architect specialized in historical restoration projects and is a major contributor to the recent upsurge of real estate investments in Casco Viejo restoration projects. Her restoration experiences range from the restoration of Panama´s National Theater to private residential and commercial buildings including our own International Living offices. She has also recently been chosen by the local government to design the development of a tourist complex within the Santo Domingo Convent ruins. Her restoration projects have been photographed by major magazines and Latin American Casa Club TV calls her interior projects enthralling. Hildegard will give you all the pros and pitfalls of restoring properties in Panama.

Johann Gamboa is an Assistant Vice President & Manager of HSBC’s Punta Pacífica Branch. He graduated in Banking & Finances, with an MBA, emphasized in Internationl Business. He has considerable experience in banking services for foreigners, commercial loans and electronic banking. Johann is currently participating on a special Project: HSBC - Banking for foreigners. He’ll tell you all about banking in Panama.

Jorge Conte is an Industrial Engineer with a degree from LSU (Louisiana State University). He received an MBA from Nova University (Certificate of Outstanding Achievement – Honors) and worked for 18 years with Exxon Mobil holding managerial and executive positions in Panama, Miami (corporate headquarters), Colombia, and Latin America. He is a member of “Club Kiwanis De Panama.” He will tell you about the beautiful area of Boquete, in particular the enticing Los Molinos development.

Diego Eleta graduated from Cornell University in 1989 and later gained his MBNA from Columbia Business school. After two years in Spain with Andersen Consulting (now Accenture) he returned to his native Panama where he worked for Corporación Panameña de Radiodifusión and founded Orbinet Telecommunications. Through Orbinet, Diego was a leading partner in the creation of one of Panama's first ISPs, Cybermedia, which later merged with another ISP to form Orbinet, and finally sold out to PSINet, late in 1999. He then founded Electron Investment, a hydroelectric energy development company. Diego is now the Director of Operations and COO of Cableonda, where he is responsible for the company's technical infrastructure, including cable TV and wireless networks, telephony and broadband. Mr. Eleta also serves as President of the Panamanian Chamber of Commerce, Industry and Agriculture and has been Director of the Communications Sector for the past seven years. He was founder and first President of the E-Commerce Committee and started the current E-Commerce Initiative in conjunction with the Interamerican Development Bank. In addition he was President of the Chamber's magazine, Enlace, for three years, a co-leader of the Social Security reform movement and co-leader of the tax reform movement. Diego is an active member in various groups, including director of Intered, Panama's Internet Business Association and CAPATEC, Panama's Communications and Technology Industry group. He is a member of ANCON, Panama's leading environmental organization, a board member of Cafe de Eleta, one of Panama's emerging premium export coffee companies, and Net People, Latin America's leading Mobile Phone Content and Value Added service provider.

Julio Fabrega studied at the American University in Washington D.C and the University of Latinoamericana in Panama. He worked for Texaco, Fundación Ciudad del Saber, and Samsung before joining the Ministry of Trade and Industry of Panama in 2004. He is currently the National Director of Investment Promotion in Panama. Julio will share his thoughts on Panama’s bounty of promising investment opportunities.

PLUS MANY MORE EXPERTS TO GIVE YOU ALL THE INSIDE KNOWLEDGE YOU NEED ON PANAMA…

* Speakers, schedule and topics are subject to change.

Your Day By Day Schedule
International Living's Live and Prosper in Panama Seminar
May 10 – May 12, 2007 ~ Panama City, Panama

Wednesday, May 9
6:00PM – 7:00PM Registration (Optional)

Thursday, May 10
8:00AM - 9:00AM Registration. Receive your name badge and welcome materials.
9:00AM - 6:00PM Seminar Sessions
6:00PM - 7:00PM Welcome cocktail reception

Friday, May 11
9:00AM - 6:00PM A full day of informative seminar sessions with two coffee breaks.
6:00PM - 7:00PM A VIP Reception for Lifetime, Publisher’s Roundtable & Panama Roundtable members.
7:30PM - Optional Group Dinners

Saturday, May 12
9:00AM - 6:00PM A full day of informative seminar sessions with two coffee breaks
6:00PM - 7:00PM Farewell cocktail reception

* Please Note: This is a broad outline only. You will be sent a specific schedule with exact speaker times and topics prior to the seminar.

** Speakers, schedule and topics are subject to change.

***OPTIONAL TOURS: We strongly recommend that you leave at least 5 days after the seminar to see some more of this beautiful country. We will be offering several tours - exploring the city and beach areas and the Highlands area of Boquete.

If you’re specifically interested in living or investing in Panama, here's what I propose you do: Come see it with us - up close and personal - as part of a small group of like-minded readers who also want to get to know Panama.

The optional Panama Real Estate Tours portion of the Live and Prosper in Panama Seminar will take place May 13 - 17 - and numbers are strictly limited.

We're keeping the group small so you can move around quickly and see everything you need to see in short order.

Construction in Punta Pacifica: There are currently 121 highrises in Panama City, with 100 more now under construction or with planning permission to begin construction.

See the country… explore the capital city… meet our top contacts… walk the beaches… inspect the condos… speak with the key developers… review plans… ask the tough questions one-on-one…

… and find out if Panama might just be the offshore destination you've been seeking.

I caution you: These tours are for serious real estate hunters. Not that there won't be time for a little fun, but make no mistake – you’ll be on the job.

On the Panama Real Estate Tour, you’ll set off for viewings of many of the best developments and current real estate opportunities in Panama’s capital – Panama City, along the nearby beaches, or both.

With you every step of the way to help guide you through your thinking will be the International Living Panama Office Team. They’ve visited every development project on the itinerary – and they know Panama well.

Optional Tour 1: May 13 - Optional City Real Estate Tour:
Viewing developments in the city.

Cost: $40 per person (Includes: transport and lunch).

Optional Tour 2: May 14 - 15 - Optional Beach Tour:
Viewing developments and resale properties, staying overnight at the Playa Blanca resort.

Cost: $175 (single) or $125 per person (sharing). (Includes: overnight accommodation, transport, 2 lunches, breakfast, dinner and cocktails at the Playa Blanca Resort).

IMPORTANT: If you will be joining us on the beach tour you may wish to check-out of the Intercontinental Miramar on May 14 (and check back in on May 15 if needed) as your accommodation will be included at the Playa Blanca on the night of May 14.

Optional Tour 3: May 16 - 17 - Optional Boquete Real Estate Tour:
Viewing developments in the Highlands area of Boquete.

Cost: $360 (single) or $320 per person (sharing).

Numbers are strictly limited for these tours.

If you want to guarantee your space please contact us in advance by emailing events@internationalliving.com or by calling 1-866-381-8446. These tours are only available to individuals who attend the Live and Prosper in Panama seminar.

Price and What´s Included

PRICE: 1 person = $1195; 2 people = $1,990 (guest or spouse pays just $795)

The seminar includes all seminars and informal Q&A sessions, introductions to contacts in Panama, a welcome cocktail reception, a farewell cocktail reception, all coffee breaks, and travel and accommodation assistance from our staff. Your international airfare, hotel transfers, meals, and overnight accommodations are not included in the price of the seminar.

Reserve your place by March 10, and you save $100 per person Discount Price: 1 person = $1095; 2 people = $1,790 (guest or spouse pays just $695)

ADDITIONAL DISCOUNT FOR SUBSCRIBERS TO INTERNATIONAL LIVING
No matter when you sign on, if you're a subscriber to the print edition of International Living or an AWAI member you are eligible for a $50 discount off the registration price.

ADDITIONAL DISCOUNT FOR PANAMA INSIDER AND LATIN AMERICA INSIDER MEMBERS
Panama Insider and Latin America Insider are entitled to $100 discount off the registration price

ADDITIONAL DISCOUNT FOR LIFETIME MEMBERS
No matter when you sign on, if you're a Lifetime Member of International Living, you are eligible for a $150 discount off the registration price.

$200 ADDITIONAL DISCOUNT FOR PUBLISHER’S ROUNDTABLE MEMBERS
No matter when you sign on, if you're a Publisher’s Roundtable Member of International Living, you are eligible for a $200 discount off the registration price and if you haven’t used your one free event, you can do so here.

ATTENTION – PANAMA ROUNDTABLE CHARTER MEMBERS. For you, this seminar may be eligible as your free Live and Prosper in Panama event. You simply need to mention that you’re a Charter Member of the Panama Roundtable when you register. Not only that, but as a Charter Member of the Panama Roundtable, you’ll get a 50% discounton all future Live and Prosper in Panama Conferences you attend after this one.

ATTENTION – WORLD CLUB MEMBERS. For you, this seminar may be eligible as your free event. You’ll simply need to mention that you’re a World Club Member when you register. Not only that, but as a World Club Member, you’ll get to attend all future Live and Prosper in Panama Conferences free after you attend this one.

SPECIAL NOTE: If you are unable to attend this seminar then don’t worry...We’ll be having another Live and Prosper in Panama Seminar August 2-4. Contact us for more details .

(Please note: You can take advantage of the greatest discount based on your membership status but only one membership discount applies).

TRAVEL & HOTEL DETAILS:

Discounted rate at the Miramar Intercontinental Hotel in Panama City, Panama: We have arranged a discounted rate for seminar attendees at the Miramar Intercontinental where we are hosting this event.

As a seminar attendee, you can take advantage of a discounted room rate of rate for single deluxe rooms is $130 per night, $140 per night for a double deluxe room.. The hotel is graciously allowing our attendees to take advantage the discounted rate 7 days before and 7 days after the event to accommodate your needs. The rate includes full buffet breakfast daily, welcome cocktail drink and complimentary use of the fitness center and spa.

Additional choice accommodations are also available: club floor room at $165 per night and a suite at $275 per night. You may book additional discounted nights, either 7 days before or 7 days after the seminar, based on availability. Inquire when you sign on for the seminar.

To reserve a room at the hotel, please contact the hotel to today to reserve your accommodations:

Telephone: 1 888 303 1758 or 1 800 327 0200 and mention group code IL7, or click here to register online at the special rate.

Travel Assistance

For all your travel needs (including flight assistance and insurance) please contact your travel agency of choice.
You may also want to consider one of the many companies that specialize in online reservations and travel assistance, like: www.orbitz.com, www.travelocity.com or www.kayak.com.
We also suggest you sign up for free e-mail alerts from your preferred airlines, via their websites. In addition, numerous websites -- including www.travelzoo.com, for example -- offer free e-mail alerts highlighting regular specials for a wide range of airlines. Many of these websites offer tips for getting the best flights, such as being flexible with travel dates and airports if possible.

REGISTRATION, PAYMENT, AND CANCELLATION DETAILS:

Registration and Payment Details: In order to hold a reservation for the seminar, full payment is due when you register. We accept Visa, MasterCard, American Express, Discover, and money orders.

Cancellation Policy: Cancellations received on or before April 10 will receive a full refund, less a $150 penalty per person. From April 11 through May 1, a refund less a $350 penalty per person will be given. After May 2 the seminar fee is non-refundable. If you are unable to attend, please call, fax, or e-mail our offices immediately to avoid any unnecessary charges. In most cases we will be able to hold your full payment for you to apply toward a future seminar.

Click Below to Reserve Your Place Today!

Or Contact

International Living Seminars
Seminar Hotline
Phone: +1-866-381-8446 ( USA & Canada toll-free) or +1-410-230-1243
or E-Mail: events@internationalliving.com

Disclaimer: International Living and any of its agents and speakers do not provide any individual, personalized investment advice. This seminar provides only information to the general public, and at no time should any person acting as an agent or speaker at the seminar be relied upon as rendering personalized investment advice. International Living may receive compensation from speakers and presenters selling their respective products at seminars. The compensation may be in the form of a sponsorship fee, flat fee or commission from sales. Advertising you may receive from their companies should not to be construed as originating from or connected in any way to International Living.

By registering for an International Living event you’ll automatically receive our FREE "Untourist" Travel and Events e-letter (You can unsubscribe to this at any time).

107 building projects under construction… Donald Trump’s $220 million luxury oceanfront tower… The “YES” vote to expand the Panama Canal (and the 7,000 new jobs it will create)…