In an effort to promote an eco-friendly environment, the Panamanian government has begun providing financial incentives to foreign investors interested in re-forested timber plantations.

Panama is demonstrating its resolve in the eco-arena by offering generous tax incentives as well visas for investors.

Panama is one of the few countries in the region able to sustain large scale teak growth. This very desirable wood product is treasured for it beauty and durability. Most wood fixtures and decks on maritime vessels are made from teak as its oily character makes it an excellent wood for use in high moisture environments.

Excited about its impact on pricing, real estate interests in Panama point to the market supportive nature of this initiative. When successfully implemented, this effort will boost both population and economic growth, both of which are beneficial to real estate pricing.

As world economies tighten, it is essential to consider the economic diversity of an area before deciding to invest in real estate there. With thriving sectors ranging from banking, to transpiration, and vast natural resources, no wonder Panama is called the Gem of Central America.

For more information and prices on the reforestation visa please contact us.

Obtaining a second passport in Panama is useful for those who wish to:

• Have a second home overseas in a tropical country where they can live at or visit.
• Have a “safe haven” to escape to in the event of war or any type of civil unrest that may threaten their family.
• Actually live in Panama permanently, perhaps after retirement.
• Relocate to a tropical, stable, safe country where it is very economical to live in comparison with most other developed countries such as the US, Canada, Europe, etc.
• Relocate to a more “tax friendly” country where foreign earned income, capital gains, and interest income is not taxed.
• Relocate to a country where frivolous lawsuits are not recognized by courts, and assets can be truly
• protected through a corporate shield, without the risks of “piercing the corporate veil”.
• Relocate to a country where one can begin business operations economically, and without heavy restrictions, regulations, or taxes that hinder the growth of the business.
• Relocate to a country where real estate is still affordable for purchasing homes in the city or land at the beaches, mountains, lakes, etc.
• Wish to purchase a yacht in Panama and have Panama be the “base” for the yacht while otherwise living aboard and sailing the yacht to wherever they desire. The purchase of the yacht in most instances would be sufficient to qualify for residency leading to citizenship.

Be careful when buying a second passport (2nd passport). First thing to look for is the statues in the law that contain the laws spelling out the program you are considering. If there are no statues run the other way. If you are told about a special program not for everyone, run.

Next make sure when buying a second passport (2nd passport) you will be going physically to the immigration department in the country for processing, photographs and fingerprints. This will greatly cut down the odds of a scam. Normally the country will want to know who you are, and like to see and copy a valid passport as a minimum. If the deal is you give them pictures and they send you the documents run away, this is probably a scam involving a counterfeit passport blank or a stolen one. I have even heard of them applying for passports in the name of a dead person using your picture. What if he was a dead criminal with warrants outstanding? (more…)

Another scam is selling second passports (2nd passport) from non-existent or non-recognized countries. This is done a lot usually for $1000-$2000. There are very few countries who will ever accept these passports and then usually only at border crossings. Usage is hit or miss, mostly misses. People buy these to open bank accounts with offshore. This sometimes works but usually in small countries with small banks. The problem comes when the bank examiner looks over their files and sees one of the fantasia passports as an identity document. He hits the roof and says I want to see real passports for all these people in here in 30 days or lock down these accounts. Now what do you do? Below you can read about all the Panama Passport, Residency and Citizenship programs that are all in the Panama Laws. Immediate Panama Passport (more…)