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Retirement & Lifestyle, Panama, Get Started, Overseas Haven Reports
Casco Viejo, Panama | Overseas Haven Report
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In this Overseas Haven Report, we offer in-depth, insider intel on Casco Viejo in Panama City, Panama, an eclectic and ever-evolving enclave where luxury-level properties coexist with centuries-old, colonial-era wonders.
Often regarded as the Soho of Latin America, the historic neighborhood of Casco Viejo offers a different kind of ambience than is found throughout the rest of Panama City, or even all of Central America. Reminiscent of French-colonial New Orleans, modern-day Casco, with its vibrant cultural scene and world-class dining, is a multicultural mosaic from around the world.
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Banking In Panama – Where And How To Open Your Account
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Panama is Central America’s preeminent banking destination. Its thriving banking sector has fueled the growth of the country’s economy and attracted dozens of international banks from around the globe. Of the 75 banks currently operating in the country, 2 are state-owned, 47 have general licenses, and 26 have international licenses.
Why Panama, you ask?
For starters, the country boasts strong regulatory oversight that maintains the stability of the banking system, and banks tend to stay afloat during periods of economic turmoil. Favorable tax incentives and high certificate of deposit (CD) rates draw in a constant flow of cash from foreign individuals and entities. On top of that, there are several laws in place that help ensure the privacy of clients. Together these factors contribute to Panama’s appeal as an offshore banking haven.
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Retirement & Lifestyle, Panama, Panama Special Reports, Get Started
Aguadulce, Panama
Many people only know Aguadulce as that annoying little town along the Pan-American Highway where traffic becomes congested… And it’s true—but it’s a misconception that traffic is all there is to this town. The other misconception is that Aguadulce’s only attraction is the Spanish-colonial architecture. There’s so much more…
Aguadulce’s history is mysterious… It was known as “la tierra de la sal y el azúcar” (the land of salt and sugar) during the late 18th century and was baptized as San Juan Bautista de Aguadulce around the same time.
The Aguadulceña community takes great pride in their cultural history and its importance to the country. The small town preserves several cultural landmarks that the now Ministry of Culture proclaimed important to Panama’s national heritage in 2017…
One is the Museum of Salt and Sugar, with its colonial architecture and canary yellow façade. For a nominal fee, you can look at pre-Colombian artifacts, historical documents, photographs, as well as the origins of the sugar industry. Another iconic building is the Eduardo Pedreschi Municipal Palace. Built in 1925, it’s named after the Italian architect who designed many of the important buildings in the city.
Currently, Aguadulce is restoring, improving, and repairing important city structures, with many visible renovation projects like Parque 19 de Octubre, directly across the street from the historic San Juan Bautista Church.
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Panama, VIP
Panama Circle
Panama is one of the world’s top retirement havens. It’s the world’s top offshore haven and an international banking center. Its pensionado program of special benefits for foreign retirees is the Gold Standard. And, as a foreign resident, you can pay zero local tax.
Panama is one of the best places in the world right now to start a business… and one of the easiest places to obtain foreign residency. Plus, outside Panama City, this beautiful country hides the smartest beach, river, and mountain property buys anywhere on the planet today.
Here in Panama, the opportunities are many. But, to realize them, you need on-the-ground help, especially if you’re not living in Panama full-time yourself.
That’s where we come in. Our in-Panama staff now numbers 17 of the most experienced and knowledgeable Panama-philes you’ll find anywhere, some expats (from the United States, Russia, Romania, Germany… ), others native Panamanians. The truth is, nobody knows Panama like we know Panama. Our Panama experts are top-notch and super-connected. They know how to get things done and how to make things happen in this country that continues to offer such an abundance of upside.
For the past two years, this in-country team has been happily working overtime to help our lifetime Panama Circle Members explore and take advantage of the many benefits of living, retiring, investing, and doing business in the Hub of the Americas.
“Members receive US$3,000 toward the purchase of real estate in the country, free attendance at every Panama event we hold throughout the lifetime of their membership, the complete and focused attention and support of our Panama Circle Members Liaison Marion De Mena, and private consulting with our key in-Panama experts and advisors.”
SKU: VIP-PC