WHY DONALD TRUMP, CARLOS
SLIM AND OTHER GREAT TYCOONS INVEST IN PANAMA |
Panama is positioned like Intentional financial center
With a local economy that registry a 6.4% of growth the
2006, the second economy more increasing of America and with the
smaller inflation of America, the commercial market most globalize
of the region. the expectations between the investors are to request
of mouth, because Panama is fulfilling tasks: first, it laid the
foundations, the bases for the cleaning of the public finances
when being approved the tributary reform and of the Caja de Seguro
Social, actions that reinforce an efficient fiscal and budgetary
handling; second: It facilitate the present height of mega projects
as much in public sector as in private and, third, subjects like
the extension of the Canal and the signature of the TLC with the
United States. These are all facts that serve to foretell one
decade of permanent growth and investment.
The Mexican tycoon Carlos Slim, the second richer man of the world
according to international media, will make strong investments in
Panama that began to make specific in the power sector.
The references to Slim arose as soon as the company Cicsa Panama',
S.A., branch of the Ideal company, property of Slim, gained the permit
to build the hydroelectric Under Mine and Baitún, in the western
province of Chiriquí, bordering with Costa Rica.
For both projects of electricity generation, Cicsa offered to the Panamanian
State about 31.7 million dollars. The firm obtained the authorization to present
to the National Authority of the Atmosphere (Anam) the obligatory study of environmental
impact.
Slim, sponsor of the Foundation Wings by the Childhood, with seat in Panama,
traveled to this country five times since Martín Torrijos, leader of the
Partido Revolucionario Democratico (PRD), assumed the presidency of the
republic, in September of 2004.
In one recent visit to the Panamanian capital, to take care of private subjects,
the tycoon showed that Panama is "the best country to make businesses"...
Another case is the one of Donald Trump, the tycoon and great investor of the
construction sector, which has known to leave bankruptcies and to rise to imposing
constructions like the Trump Plaza, the Trump Tower and the International Plaza.
It has something reserved in surroundings which years ago were nothing but sea,
crocodiles and mangles. Punta Pacifica. Like the Slim, he chose the area for
an investment that will put the Panama mark in the world-wide map. At the request
of its Ivanka that handles the Trump interests in the outside and commands the
project, is a fact that a modern building in sailboat form will revolutionized
the architecture and the tourism of the city. There, between new skyscrapers
and luxurious towers, the North American icon of real estate raised to the Trump
Ocean International Club Hotel & Tower, to a cost of anything less than USD
220 million. This is another economic accolade for the country. Don't you think
that these two great investors are wrong?? Panama is on the global sight of the
investment.
PANAMA is one of the three better places of Latin America
to live, according to a survey made by Corporate Resources
Group and one of the four best ones of the world to live
outside the United States. This last one indicates the Association
of Retired and the International Living American
Panama offers an ideal "offshore" legislation
and a great place to live.
- Panama enjoys a stable government, democratically
chosen.
- It has the greater frank zone of America to
import, to export, to re-export Colon free Zone
- The economic yield of Panama is, year after
year, better than almost all the other Latin American
countries. By 40 years, the rate of inflation of Panama
had a smaller average of 2% per year, outrageous in
the other countries to the south of the U.S.A.
- Comparing it with its neighbors, Panama has
more comforts than the places of traditional retirements
in Mexico or Costa Rica, but the rates of costs and
crime are much smaller
- There is much less interferences of the local
authorities.
- The Government of Panama and its laws at the
moment foment the foreigners to invest and to live here.
If you are looking for a residence country, Panama boasts
to offer the most attractive programs, than anywhere of
the world, for the foreigners. Like “a pensioner” in
Panama, you are eligible for discounts in almost everything
you buy. If you buy or construct a house, you do not pay
tax of property by 20 years. As resident you abroad do not
pay tax on the gained income.
Panama has an excellent protection of salaries, the corporative
laws “offshore” and the greater banking sector
to the south of Miami.
Panama offers:
1) tropical climate,
2) a low cost of life,
3) security and efficiency absence in other Latin American countries,
4) favorable offshore banking “laws”
5) a stable economy with the North American dollar like currency of legal course,
6) governmental incentives of investment that thunder against the rates of taxes
and rates for the industrialists and
7) a diverse geography that goes from mountains to tropical islands and metropolis
in height to vast forests. |
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1. A TRUE PARADISE TAX-FREE - capital
duty free, gains done outside the national territory duty
free, inheritance or duty free judgments of succession,
etc.
2. FAVORABLE LAWS TO ESTABLISH COMPANIES -
the laws of societies allow to have actions to “the
carrier”, to have directors of any country and power
to form Private Interests Foundations, everything with low
costs.
3. STABLE MONEY WITHOUT ANY RESTRICTION -
There is no restriction on the movements of funds inside
and outside the country.
4. STRICT LAWS OF CONFIDENTIALITY - there
are strict laws of confidentiality that protect the banking
information of the client like the one of books of the society,
of anyone, including foreign governments.
5. STABLE GOVERNMENT- the government of
the country must be stable and must use the opposite legal
system to the one of your country of origin (if your country
uses common laws, you must look for a country that uses
Roman laws). The country must be safe to visit.
6. STABLE ECONOMY - the economy of the
country must be stable.
7. EXCELLENT BANKING SYSTEM- the banking
system of the country must be advanced in infrastructure
areas, governmental audit and technology.
8. EXCELLENT COMMUNICATION SYSTEM - the
system of communication of the country must be of technology
outpost in comparison with the countries of the first world.
9. LANGUAGE COMPATIBILITY - the language
of the country must be of its convenience.
10. THE HOUR AND POSITION MUST BE COMPATIBLE -
the hour of the country must be compatible so that you can
be contacted with your “offshore” supplier
or financial institution during the zone times of business
in its country of address and of flying quickly in necessary
case of its presence in the handling of the business |
