Investment Opportunities in Panama

This is a great opportunity to purchase apartments in a gated community off-plan at affordable prices.

Located in San Carlos with sea views over the Gulf of Panama, mountain views, and just 5 minutes from fabulous white sand beaches, the apartments are just one mile from the planned Ocean Embassy Resort and Marine Theme Park.

There will be a maximum of 60 apartments, fitted and equipped to a high standard, and constructed in five attractively designed buildings with 12 apartments per building. Facilities will include a communal swimming pool, spa, and large decked area set in tropical landscaped gardens. A restaurant is scheduled to be opened by the entrance to Los Altos de San Carlos.

In each building there will be 8 one bedroom apartments and 4 two bedroom apartments with a starting price of £69,000 (£79,000 after 1/3/08)for one bedroom apartments and £89,000 (£99,000 after 1/3/08) for two bedroom apartments.

Taxtion

Due to the territorial taxation principle, Panama offers both domestic & foreign individuals & companies competitive tax advantages.

During the last few years Panamenian legislation has undergone several major changes, as a result our Panamanian associates can provide an in depth knowledge of the law to ensure to provide it's clients an optimal and beneficial tax solution.

Immigration & Visa Services

Panama offers many advantages to Pensioners and Investors who wish to take up residency in Panama

One of the main advantages of taking up residency in Panama is that unlike many other countries it does not seek to tax its residents on their worldwide income and only income that is derived or made in Panama.

The Pensioner Tourist Visa

To be eligible for this visa you need to show that you have a monthly income from a government body or private corporation of $500 for an individual or $600 a month for a couple and also a $100 for each dependant. There is currently no minimum age limitfor this type of visa.

Private Income Retiree Visa

This visa has an income requirement established by the Panamanian Government of US$750 per month earned from a CD deposited at the National Bank of Panama.
At current rates, the deposit should be around US$200,000 which must be renewed every 5 years to maintain the status.

Person of Means Visa

There are three oprions available:

1- Purchasing a property of US$200,000
2- Having a CD deposited in a Panamanian Bank for 2 years in the amount of US$200,000 (does not need to be renewed)
3- A combination of the two options above, purchasing a property of US$80,000 and having a CD deposit of US$120,000.

Small Business Investor Visa

This visa requires an a minimum investment of $40,000 to $150,000 in any legitimate new business, set up a corporation, obtain commercial business licence, register with social security and hire 3 Panamanian employees and pay social security benefits and at least the minimum wage. The visa offers provisional resident visa for 5 years, then permenant resident visa and finally citzen/passport after 5 years of being a permenant resident.

Payment terms:
One bedroom apartments :- £3,000 payable with Reservation; £7,500 payable on Contract, £7,500 payable 45 days prior to commencement of construction.

Two bedroom apartments :- £4,000 payable with Reservation; £10,500 payable on Contract, £10,500 payable 45 days prior to commencement of construction.

Non-status mortgages are available over a 20 year term with a current interest rate of 7.5% (Rates may vary please call for more detials).

Los Altos de San Carlos is superbly situated on elevated land bordered on the northern boundary by a river, and with the quaint town of San Carlos just a few minutes away. There is easy access via the Pan American Highway south to Panama City and north to Costa Rica.

Panama, which has the U.S.Dollar as it's currency, has a Low Cost of Living....real estate, food, luxury items and entertainment are only a fraction of what you pay in Europe and North America.

Hollywood film stars are purchasing second homes in Panama and Donald Trump, the Real Estate Mogul, 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

Accommodation
Bedrooms: 1 & 2
Bathrooms: 1
Sleeps: 4 & 6

One Bedroom Apartment- £69,000 (£79,000 after 1/3/08)

The one bedroom apartments, situated on the ground and first floor levels, will each have a living area including a lounge/dining room, fully fitted and equipped kitchen, bedroom, bathroom, and a 9ft x 15ft balcony/terrace.

Two Bedromm Apartment- £89,000 (£99,000 after 1/3/08)

The two bedroom apartments, situated on the second floor level, will each have a living area including a lounge/dining room, fully fitted and equipped kitchen, bedroom, bathroom, attic bedroom, and a 9ft x 15ft balcony/terrace.

Each apartment will have it's own car parking space.

Amenities / Facilities
Swimming pool
Spa
Beaches within 5 minutes
On site management
San Carlos Point also offers the opportunity to surf in the Pacific with a consistent surf, the optimim swell angle from the south south east, and the added advantage that it very rarely gets crowded.

Location

San Carlos, just one hour west of Panama City, is located by the area of Farallon, which in recent years has become a real hot spot for Panama real estate. Such resorts and residential communites as the Decameron Resort, Barcelo Resort, Vista Mar, Buena Ventura and Las Lagartijas have been springing up along Panama's Pacific Coast in the last 3-5 years. San Carlos is some 10 minutes from the neighbouring towns of Coronado and Gorgona. About 30 minutes away is the mountain town of El Valle located within an extinct volcano covered in dense and luxuriant vegetation with rivers and waterfalls course through the valley adding to it's rustic character.

Ocean Embassy Panama has purchased of 299 hectares (738 acres) in Playa Corona in the district of San Carlos which will be used to build one of the best aquariums in the world and where it will be possible to swim with dolphins. The resort and park with marine animals means an investment of more than $300 million dollars for Panama over a period of seven to ten years, according to a press release from the company. According to the company's projections more than 400 Panamanians will work at the facility which will offer guests the opportunity to interact directly with marine animals. The Ocean Embassy resort will boast a hotel for tourists, marine-focused activities, lush accommodations, ocean-themed shopping, beach sports, and top-notch dining and spa facilities. Ocean Embassy has announced that, due to Panama's geographical position, they will be looking to attract visitors from Central and South America as the nearest marine animal facility is over 1,100 miles away, in addition to the ever-increasing number of visitors from North America and Europe.

One of the primary advantages of real estate in San Carlos is that there is a significant amount of infrastructure already in place. Such amenities include full scale supermarkets, pharmacies, restaurants of every type and price range, shops, medical clinics, gardening centers, hardware stores, and outdoor markets etc.

The area has beautiful beaches that go on uninterrupted for miles.

Golf / Leisure Facilities

The Coronado Resort Golf Course, approximately 10 minutes from Los Altos de San Carlos, is reputed to be one of the finest professional golf courses in Latin America. The 18 hole championship course is a par 72 consisting of 7,092 yards, and was designed by Tom Fazio, who was recently ranked as the #1 golf course designer in the world.

In addition to their championship golf course, Coronado also has professional tennis courts, a full spa with trained staff, outdoor jacuzzis surrounded by beautiful gardens, an olympic sized swimming pool, outdoor jacuzzis surrounded by beautiful gardens, 4 restaurants, 4 bars, conference rooms and exclusive play areas for kids.

Apart from the main resort is a beach club where one can enjoy the beach, sun while sipping on exotic tropical drinks.

Last but not least is the newly built Equestrian Club that has world class equine facilities including air conditioned stalls.

The beaches in the area of Coronado, San Carlos, and Gorgona are a mix of white and volcanic sand, and the various bays and stretches of beaches go on for miles.

Maid Service / Cleaning

The apartments will be under a full management service which will include maid service, pool maintenance, and gardeners.

Rentals

Los Altos de San Carlos will have on-site management, a reception office, and short term rentals will be permitted.

Los Altos de San Carlos will be promoted for rentals in the U.S.A., Europe, and South America. Photos

Local Golf Course: Yes
Private Pool: Yes
Private Grounds: Yes
On Complex: Yes
Heated Pool: Yes
Near Beach: Yes
Quiet Location: Yes
Night Life Nearby: Yes
Car Hire Necessary: Yes
Leisure Facilities Nearby: Yes
Watersports Nearby: Yes
Jacuzzi: Yes

For more information email:
info@thejustgroup.com
or
Tel: 01257 251501