Andorra Opens Up to Foreign Investment

Long known for its great ski slopes and low taxes, Andorra is one of Europe's least popular investment destinations. Located between Spain and France in the Pyrenees, the small, landlocked principality has grown into one of Europe's playgrounds for the wealthy.


Like other countries, Andorra has recently had to cope with budget deficits, mounting bank debts, and economic contraction for the first time in over 2 decades. In light of a decline in both investors and tourists, Andorra seeks to change its image from an "uncooperative tax haven" to a simple investment destination. Now investors have been given an investment opportunity of a lifetime. For the first time in Andorra's 700-year history, the government released its plan to open land, specifically ski slopes, to private investment.


What's New:


- Foreigners can now own up to 49% of Andorran companies (in luxury clothing, real estate, and skiing industries).

- 100% foreign ownership of companies in 200 industries (mainly technology-based) as
Andorra seeks to quickly diversify.


Top 10 Reasons for Investing in Andorra:



- Andorra currently boasts over 10 million annual visitors

- Andorra is the 3rd most popular ski destination
among Britons (after only France and Austria and ahead of Switzerland).

- Americans have yet to discover Andorra as a ski destination.

- Vacationing in Andorra is considered a bargain compared to popular French,
Swiss, and Austrian ski destinations.

- Andorra is a shopper's paradise, luring visitors with it's duty-free high-end retail.

- Andorra is rather small with little available development space making real estate investment very lucrative.

- As a non-EU member, Andorra has voluntarily signed the 2008 EU Savings Tax Directive and pledged cooperation in countering money laundering.

- Andorra is very stable and has been free from war, political unrest, or major economic turmoil during its entire history.

- With a population of just 80,000 and a high quality of life, crime and poverty are both virtually inexistant.

- Low taxes.


Andorran Company Formation


Incorporating in Andorra can be one of the most seamless and inexpensive experiences in Europe. The clear advantages to incorporating here are that most companies pay no corporate or capital gains taxes. Nonetheless, your company is required to have 2shareholders (including a 67% Andorran shareholder) as well as a minimum of 30,000 Euros in capital. But, if you're seeking access to Europe's increasingly popular ski destination and new playground for the wealthy, it's well worth it.


For further information, please visit the Andorra Investment Guide (In French).

Gibraltar: Europe's Next Playground for the Wealthy

With its stunning scenery, strategic location, low taxes, and strong banking sector--Gibraltar is briskly attracting more tourist and investment money. For centuries, the British overseas territory at the tip of southern Spain has been known for its iconic rock at the crossroads of the Atlantic and Mediterranean, and Africa and Europe. In recent years, it's become overlooked and undervalued affording investors big opportunities.


Tourism


One reason why Gibraltar is a great investment destination is because it has yet to become popular with American visitors. In less than 5 years, tourism has surged from 5 million to over 8 million visitors, yet Americans made up less than 5% of that total.


Surveys show that the 1,400-foot high rock, one of the legendary "Pillars of Hercules" is the main tourist attraction; however, with tax-free shopping, a Mediterranean climate, Barbary apes, 6th century Moorish ruins, and easy international access, Gibraltar is easy to love. As cruising proves to be a cheaper and a more popular way for Americans to see Europe, Gibraltar will continue to serve as a port of call for most western Mediterranean cruises.

Besides commercial cruisers, the increase in luxury yachters will bring many wealthy visitors en route between the US and the Mediterranean.


Real Estate

At under 4 square miles, slightly larger than Central Park, Gibraltar has limited space for development. Consequently, developers have scooped up most of the available land. In the last 5 years, the peninsula has been awash in development of scenic, luxury communities such as Ocean Village. This year, Gibraltar witnessed its biggest decline in property values since 1992 (merely 4.4%), presenting new property investment opportunities.

According to Louis Montegriffo, the director of major development consultancy firm BMI Group, Gibraltar could see a 35-40% rise in property values in 5 years. Unlike other European destinations for the wealthy like Monte Carlo, St. Tropez, and Cannes, home prices in Gibraltar are half as expensive.


Offshore Banking


Gibraltar may have kept a relatively low profile as an offshore banking destination, but its banks have amassed increasing assets of more than $ 12 B:

- Close Brothers Sets up Bank in Gibraltar Tax Haven.


- Wealth Management Firms Have Big Plans for Gibraltar.

Although the EU's 2005 Savings Tax Directive makes it more difficult for Europeans to take advantage of offshore banking, Gibraltar is serious about combatting money laundering, keeping taxes low, and promoting confidentiality.

The IMF lauded Gibraltar's anti-money laundering tactics and overall regulatory system in a 2007 report.

In order to maintain privacy while continuing anti-money laundering measures, Gibraltar has given EU residents the option of a witholding tax on bank interest payments.

Establishing your offshore account in Gibraltar means no taxes on capital gains. Lloyd's TSB Offshore Bank provides a great service to offshore account seekers:


- Lloyd's has a AAA credit rating (Moody's), the highest for any bank in the world

- Lloyd's emerged from the global financial crisis better than most large banks.

- Low annual fees (under $ 10) and low minimums to open accounts.


Company Formation


Setting up a tax-exempt* corporation provides a seamless experience:

- The filing and incorporation process takes just 2-3 days

- Requires just 1 minimum shareholder and director

- Legal entities can be corporate directors

- Minimum capital requirements (optional authorized capital, 100 GBP paid up share capital, 1 GBP paid up capital)

- Other requirements include a registered agent, registered office, and annual tax returns.





*Chief Minister Caruana's 2002 decree which allows tax exempt corporations with up to 15% company personnel taxes. Click here for information on company formation, trusts, limited partnerships, trademarks and patents, and yacht registry. Photos courtesy of Gibraltar Tourist Office.

Move Over Switzerland: Luxembourg and Liechtenstein Are Europe's New Centers of Wealth, Private Banking

Last year, Luxembourg and Liechtenstein became the first countries in the world where per capita incomes surpassed six figures with $ 103,000 and $ 106,000 respectively. See World's Wealthiest Countries. It comes as no surprise as the duchy and principality have recently attracted billions in new offshore money.



The larger of the two, Luxembourg has a half million people and borders Belgium, France, and Germany. Well integrated with the EU community, Luxembourg was one of the original EU members, having long maintained an economic alliance with Belgium and the Netherlands (Benelux). Nearly a quarter of the economy is now directly related to offshore banking and the financial industry.



With over 200 offshore banks and over $800 B in assets, Luxembourg has recently become Europe's top private banking destination, beating Switzerland for the first time in history. Like Switzerland, Luxembourg is perceived as very safe and stable.



Americans without companies registered in Luxembourg can enjoy the tax-free privileges of offshore banking. Because of the 2005 EU Tax Savings Directive, residents of Luxembourg and most EU countries are subject to Luxembourg's extremely high taxes. Opening an offshore account here comes with standard requirements including: a valid passport (and copies), a bank reference, and utility bills.



Liechtenstein



After Panama, Liechtenstein is known for upholding the strictest bank privacy laws in the world. Some Germans often joke that Swiss bankers bite their tongues, but in Liechtenstein they cut them off.



Unlike Luxembourg, Liechtenstein did not sign the EU Tax Savings Directive, thus it had previously attracted more money from EU nations. Now things have changed as the EU has put a lot of pressure on Liechtenstein to release tax information on Germans and British tax refugees. Perhaps, Liechtenstein is still a great tax haven for Americans and Canadians, but no longer for Europeans.



Prince Hans-Adam II, one of the wealthiest world leaders with over $5 B owns LGT Bank, the country's largest. The bank has been subject to frequent German tax evasion investigations in recent years and its banks have drawn international scorn.



Taxes here are relatively low compared to other European nations as both income and corporate local and national tax rates are between 18-20%. Asset taxes are low, between 0.162% and 0.85 %.



What makes both Luxembourg and Liechtenstein great investment destinations isn't just because of the banks. Both countries have wealthy and highly educated consumer bases, and are close to larger neighboring economies (i.e. Germany and France), without all the restrictions, restraints, and high taxes.

Mauritius Is Paradise for Business

Mauritius is not only a safe and business-friendly nation, it's a true hidden gem amongst the world's best up and coming investment destinations. Located just east of Madagascar in the India Ocean, this island nation is close to several emerging markets in both Africa and Asia. In fact, Mauritius is considered India's top investment destination attracting over $ 10 B in various sectors of the economy. With strong manufacturing, agricultural, financial, and tourism industries, it has become a very well-diversified economy. As such, Mauritius has maintained a brisk annual economic growth rate of roughly 5% since the government implemented economic reforms over 30 years ago. This year, however, the country expects to witness an astounding 5.6% growth rate. In light of growing trade relations with China and India, more economic growth is sure to follow.



Over the last 10 years, Mauritius has become an offshore hot spot, having already registered more than 32,000 offshore entities. Non-resident Indians have increasingly used the entities for tax shelter. Since the entities are also a way to funnel international money into India, the Indian government allows the practice to continue uninterrupted.



Offshore company formation is inexpensive and seamless. Forming such an entity (GBC I) costs just $ 2,000 with only $1,500 in annual fees. There's a competitive tax rate of no more than 15%, but you'd be eligible for an 80% foreign tax credit. Since the process takes less than 10 business days, the World Bank's "Doing Business Survey 2009" ranked Mauritius as the world's 25th easiest place in which to do business, the highest ranking in Africa and the Indian Ocean region.




The country's offshore banking law allows licensed banks to accept deposits from and lend to foreign clients without exchange controls. In fact, some of the world's largest banks have a significant offshore presence in Mauritius including HSBC, Barclays, and Standard Chartered Bank.



Earlier this year, Mauritius' principal stock exchange, the SEMDEX.MDEX hit an all time high. The index attracted a 170% increase in investment over last year as foreign money sought a safe haven. As a correction has just occurred along with other world markets, it might soon be time to consider investing.



Unlike the real estate slump affecting most of the Western world, Mauritius is still benefiting from strong demand in its housing market. One of the country's newest and largest housing developments, Villa Valriche, just reported that it has sold nearly all of its million dollar properties. The truth is that highly desired tropical islands such as Mauritius, Bermuda, Tahiti, etc. always have a high demand for housing, even during global real estate slumps. That's why huge Indian developer, Omaxe made a deal to build another new home project in Mauritius.



Businesses can take advantage of easy access to some duty-free goods and access technological infrastructure. For one, a customs-free zone for re-exportable goods (Mauritius Freeport) is located in Port Louis, the capital. In addition, the island's Cyber City was launched a few years ago to provide a huge telecommunications network to businesses over both satellites and fiber optics -- truly at the forefront of information technology. Unlike other small islands with limited and expensive resources and technological infrastructure, Mauritius is a place where your business will thrive.



Since Mark Twain visited the island and said, "You gather the idea that Mauritius was made first and then heaven..." There are certainly many reasons for visiting Mauritius. That's why nearly 900,000 tourists visited the island, a 100% increase from ten years earlier. Besides its beautiful beaches, proximity to pristine coral reefs, and excellent weather, Mauritius offers tourists casino gaming. As gambling is either illegal or very limited in India and most of East Africa, Mauritius could become the playground to new money in the developing region. Now luxury has arrived in Mauritius with yesterday's opening of the Four Seasons Resort at Anahita. The resort features an 18-hole golf course, a private island and lagoon, and nearly 11 acres of beachfront property.



Mauritius is a stable, well-located, highly developed and business-friendly piece of paradise that is waiting for you. Here, you'll find an easy and inexpensive incorporation process, access to everything your business needs and a booming economy. Simply put, it's hard to find another tropical island quite like this one.

Investors Are Turning to Djibouti

Most people have never heard of Djibouti and even more couldn't locate it on a map. Thanks to its strategic location and accessibility, the country is well on its way to becoming Africa's top investment destination. Wedged between Ethiopia, Somalia, Eritrea, the Red Sea, and the Gulf of Aden Djibouti has a thriving harbor which supports its inland neighbors. With airline connections to Paris, London, Dubai, Addis Ababa, Jeddah, and Nairobi and its proximity to the wealthy gulf states, foreign investors are betting that Djibouti will become a business and shipping hub for Northeast Africa. As a result, Djibouti's economy is growing and there are planned developments in the works, such as the intercontinental bridge, the Djibouti-Ethiopia railway, and an airport expansion. The country also boasts stability and one of the world's most business-friendly environments.

Safety and Stability

Although the US State Department gives Djibouti a high crime threat index, the truth is that crime rates here are still far lower than what they are in the US. According to INTERPOL data, the murder rate here is one-third lower, robberies are 75% lower and rapes are over 85% lower than rates in the US.

Unlike its neighbors that have been wrought with conflict over the past few decades, Djibouti has remained relatively stable since independence in 1977. Its stability has made it the chief recipient of regional investment dollars. If safety is still your concern, it's certainly worth mentioning that both France and the US have maintained military presence here--both undoubtedly realize Djibouti's strategic importance.

Foreign Direct Investment

Djibouti's government strongly encourages investment in national industries and has pursued open economic policies. You'll find very few business regulations and even fewer restrictions on foreign direct investments. Investors have noticed that the government is quick to respond and is extremely cooperative. Consequently, investment here has been explosive. Since 2000, the economy has been growing at a brisk 5% average annual rate and foreign direct investment has ballooned from $ 3 M to $176 M. Officials expect GDP growth to be closer to 7% in 2008 and for foreign direct investment to continue to grow.

In 1995, Djibouti was declared a free-export processing zone and has since seen a host of new investment projects:

- Dubai International has poured over $2.2B in the construction of a deepwater port and oil terminal at Port Dorale, the management of Djibouti Port, Djibouti International Airport, and the Djibouti Free Zone (through Jafza International), including the country's first and only 5-star hotel.

- Dubai Customs World has built Glafi Post, a checkpoint on Djibouti's border with Ethiopia. It's now the busiest transit point for land-locked Ethiopian cargo trucks headed to and from the port of Djibouti.

- Italian consortium Consta-Joint-Venture will contribute 50M euros for the restoration and upgrade of the Djibouti-Ethiopia Railway.

- Kuwaiti Al-Ghanim & Sons Group plans to partly invest in both the Djibouti-Ethiopia railroad and in desalination plants in the country.

- Qatari Diar Real Investment Co (Qatar Investment Authority) plans to construct a 300,000 sq ft. mixed-use project in Djibouti city.

- Dubai-based Middle East Development, LLC released its plans to construct a Red Sea bridge linking Djibouti and Yemen. The $200 B project is scheduled to be completed in 15 years and will be 28 kilometers long. San Francisco-based Bechtel has also expressed interest in participating in the project.

- In close relation to the transcontinental bridge construction, Al-Nour Holding company CEO Tariq Bin Laden has conceptualized the Al-Nour (Al-Noor) twin cities on either side of the bridge. The ultra modern cities will be full of glass skyscrapers, beachfront communities, and superb infrastructure. The project's goals include an integrated regional economy.

- Washington, DC-based Emerging Capital Partners (ECP) has invested more than $30 M to develop one of the largest salt reserve mines in both Djibouti and the world.

- IFC and Reykjavik Energy (Iceland) have signed a contract for the development and exploration of Djibouti's geothermal energy resources.

The government has identified key sectors that it hopes would attract foreign investment: port, tourism, manufacturing, and telecom. You'll be happy to know that you can receive assistance at the National Investment Promotion Agency (ANPI, for its French name), whose goal is to become a one-stop shop for all your foreign investment needs (Click here for further details). As a member state of the Multilateral Investment Guarantee Agency and a recipient of Overseas Private Investment Corporation programs, Djibouti offers investors up to $400 M in insurance against non-commercial risks. Furthermore, investments of more than $280,000 are eligible for exemptions of license and registration fees, as well as property and corporate taxes.

As you can see, Djibouti is in its beginning stages of long term development and economic growth. With investments from wealthy Gulf states and through the government's attractive business climate, the country has a long way to go to realize its full potential.

Photos courtesy of Tourism Encyclopaedia Britannica.

You Can't Go Wrong with Vancouver

One of North America's most important cities is also one of its most livable. Vancouver is blessed with scenic mountain views, a superb natural harbor, and great weather. With its diverse economy, great infrastructure, low crime rate, and strategic geographic location, Vancouver offers plenty of jobs, tourist money, and investment opportunities.

Investors from Hong Kong have long favored Vancouver as an investment destination over other cities in the Americas. In short, here's why they and others think it's so great:

- It's Canada's largest port city, a vital gateway to the Pacific, China, and Southeast Asia; it exports more than any other port in North America; and it's the western terminus of the Trans-Canada highway and railroad.
- It's one of the world's largest centers for forestry, logging, and the lumber industry as a whole. As China requires more paper products, expect a surge in Vancouver area exports.
- It has the world's largest concentration of mining companies with offices in the CBD and with operations in British Colombia and the world.
- After Toronto, it has Canada's largest banking industry. HSBC Canada is headquartered here and Royal Bank of Canada, TD Bank, Scotiabank, CIBC, and Bank of Montreal (BMO) have significant regional operations here as well.

Television and Movies

Vancouver, or "Hollywood North" as some call it, has Canada's largest television and motion picture industry, grossing over $1.2 B annually. Since the 1930's, movie makers have chosen to shoot here instead of Southern California. Today, the city is home to a host of film schools, media arts centers, studios, and production companies. After Los Angeles and New York, more films are produced here than anywhere else in North America. Vancouver's movies are not all just second-class. Some are major box office hits like I, Robot, X-Men, and Fantastic 4. Successful television programs like Smallville, Reaper, Stargate Atlantis, and The L Word are also filmed in the city. Since costs are a lot less and the process is more seamless, Vancouver has become an attractive alternative.

The Olympics

The 2010 Winter Olympic Games is less than 2 years away and development in the heart of the city is in full swing. As a result 280,000 jobs have been created (RBC report) and unemployment has been halved to 4%. Hosting the Olympics is expected to pump in a net $ 10 B into the local economy. Local, provincial, and national governments have already committed over $1 B for construction projects like the new convention center expansion, the new Hillcrest/Nat Bailey stadium, upgrades to the BC Place Stadium, the Olympic village at Whistler, the conversion of industrial areas into livable communities, widening area highways, and even the creation of the Hydrogen Highway (a stretch from Vancouver airport to Whistler with hydrogen fueling stations).

Fuel Cell Technology

The region is at the forefront of fuel cell technology. In fact, it's home to the National Research Council Institute for Fuel Cell Innovation (NRC) and the headquarters of some of the largest developers of the technology. It's estimated that Canada has a 30% market share in the $ 2.5 B fuel cell industry and that 70% of those employed in the industry work in and around Vancouver. The NRC even forecasts a ten-fold increase in the industry by 2017. So investing in Vancouver's fuel cell industry could be a profitable idea.

Vancouver's own Ballard Power Systems (BLDP) is a pioneer and leader in the fuel cell industry. It recently released a mostly positive second quarter report. It posted a 15% quarterly increase and a 51% year-to-date (YTD) increase in product shipments. YTD revenue was up 12% and operating expenses were down by about 30%. Just a few weeks ago, the company extended a service contract with Daimler to provide fuel cells to buses in Hamburg, Germany. As more cities go green, you can expect an increase in business.

Tourism

Vancouver may not have lived up its full tourism potential. It's often a port of call on Alaskan cruise itineraries and they've become extremely popular in recent years. As the cruise industry grows, expect the city to benefit. Presently over 1 million people use Vancouver as a gateway for their cruise vacation. Investors should know that cruise ships dock at Canada Place, which has a hotel, convention center, IMAX and lots of shops and restaurants.

An additional 6.5 million visitors stay overnight in the city, visit the aquarium, take harbor cruises and peruse the city's diverse neighborhoods, spending nearly $ 2 B annually. After the Olympics showcases the city, you can expect the number of visitors to increase.

Outside of the city, the region's ski slopes are amongst the best in the world. Located a mere 20 minutes' drive from downtown, Whistler Mountain offers skiers and sightseers fun in the snow and spectacular views of the city. The Whistler-Blackcomb resort, co-host to the 2010 games is one of North America's largest and most popular skiing destinations.

Quality of Life

As you may know, Vancouver is one of Canada's warmest cities with a temperate marine climate ensuring mild temperatures year round, averaging between 40 and 75 F (6-23 C). It's not as rainy as most people think, with just 47 inches of precipitation annually (about the same as New York City )and an average of over 285 days of sunshine each year (about the same as San Francisco).

Consistently ranked as one of the best cities in the world in which to live, Vancouver lives up to its reputation. In Mercer's 2008 Quality of Living survey, Vancouver ranked 4th after Zurich, Geneva, and Vienna. Determinants for the survey are culture, personal freedom, economy, available public services, stable climate, education and recreation, and of course, safety. In fact violent crime rates here are far lower than most US cities with comparable population.

Vancouver has become one of Canada's most diverse cities and the only one with a majority-minority population. Over 50% of the city and over 40% of the metro area as a whole has a first language other than English. Vancouver is also home to some of North America's largest Chinese and East Indian communities.

Strong Real Estate Market

The real estate market in Vancouver is expected to do well through 2010. Although there is presently a correction unfolding in the Canadian housingmarket, supply and demand for homes are expected to even out. Unlike in US cities that recently witnessed an oversupply of new homes and risky lending practices, the situation is a lot better in Canada. Vancouver is a little different. City and provincial leadership has made it clear that they favor high density development over urban sprawl. Thus, you can expect property values to increase as developers run out of space.

The city's most popular neighborhoods are north and west of the city's historic center. These are also amongst the densest, developed, and affluent sections, such as Yaletown, West End, Financial District, and Kitsilano to name a few. We've included a few up and coming neighborhoods around town, where you'll find more affordable housing, more development underway, and better investment property opportunities:

Mount Pleasant is at the crossroads of Main Street and Broadway where you'll find Vancouver City Hall. Once largely known as a blue-collar community, it has changed in recent years because of its central location and the construction of a new light rail line (opening in 2009). The area is also known as Brewery Creek or South Main.

Downtown Eastside is the oldest part of town and one of the most diverse. There's a mix of pre-20th century architecture but a growing amount of development and gentrification. This area encompasses portions of Gastown and is adjacent to Chinatown and old Japantown.

Strathcona is one of the city's oldest primarily residential neighborhoods and has largely been working class. Given its central location and lower density, it has been attracting a slew of newcomers. Adjacent to Chinatown, it's become a predominantly Chinese-speaking but is still quite diverse.

Kensington-Cedar Cottage is in the east central portion of town and is one of the city's most diverse areas, as over two-thirds of residents aren't native English speakers. This area has some of the best views of the city's skyline and the mountains to the East. Furthermore it's an increasingly popular neighborhood for young professionals seeking more affordable housing.

It's quite obvious that Vancouver is well on its way to becoming a true world-class city. With so many positive attributes, it's easy to see why it's our favorite Canadian investment destination.

Macau Still Poised for Growth

Over the past decade tiny Macau has managed to grow at an unfathomable pace, but it's not over yet. A recent economic and real estate market correction has brought new opportunities to investors who missed out.

Americans know little about Macau, a subtropical former Portuguese colony and now special administrative region off the southeastern coast of China. With land area less than the size of Manhattan and with about a half million people, Macau is one of the densest places in the world. Like Hong Kong, the powerful business hub to the north, Macau too has a business-friendly environment and attracts a great deal of foreign direct investment.

If Hong Kong were China's New York, then Macau would certainly be its Las Vegas. Actually, gamblers spent more money here than in Vegas--a cool $ 8 Billion. Taxes from casino gaming made up about 75% of government revenue. Unlike Las Vegas, Macau offers beaches, genuine colonial architecture, narrow streets reminiscent of European cities, and close proximity to over 1 billion people.

Macau's casino industry and colonial attractions have propelled it to one of China's top tourist destinations. Its tourism industry has more than doubled since 2003 as it welcomed over 27 million visitors last year. Although roughly 75% of tourists are from both mainland China and Hong Kong, the news is spreading fast. Officials expect more international arrivals from Europe, the States, and Australia, and Macau could soon become one of the world's top tourist destinations.

Tourists will notice that Macau is much cheaper than Hong Kong and nearly as safe. Macau's local currency, the pataca is worth about 12 cents to every US$ 1 and cheap Chinese labor keeps expenses low. Tourists can walk about Macau without worry as violent crime rates here on a whole are far lower than in US cities.

Macau's recent economic growth makes Hong Kong look like Michigan by comparison. Since 2001, the economy has grown by 13% annually, GDP growth has been at an astounding 30% since 2006, and unemployment is just 3%. Pricewaterhouse Coopers expects casino revenues to continue to grow by an average of 16% annually until 2010. Couple that with big construction projects such as the proposed 18-mile long bridge-tunnel connecting Macau to Hong Kong, where most of Macau's investors reside and a huge $4 B theme park. So, Macau is still attracting a steady flow of capital and of course, its future looks bright.

Offshore Corporations in Macau

Macau has long been an offshore destination and tax haven, but things have changed. As too many people from Hong Kong took advantage of the system, Hong Kong officials pressed Macau for change. Now, the local government applies a 15% flat corporate/individual tax rate on profits exceeding about $ 38,000 and just 2 to 14% on profits less than that amount. Income taxes never exceed 15%. Nevertheless, $125,000 gets an offshore corporation and exemptions from income and industrial taxes, provided that it is in one of the following sectors: archive filing, data processing and warehousing, information consulting and programming, research and development, ship and aircraft operations, and technology testing and analysis. Furthermore, foreign employees of offshore entities get income tax exemptions for up to 3 years. The best part is that offshore entities get anonymity, privacy protection, minimal requirements, and flexibility. For more information, please click here.

Investment Opportunities

Las Vegas Sands (LVS) recently opened the Macau Venetian Casino and Resort, similar to the original in Las Vegas. As the company's president William Weidner put it: "Macao is on the verge of becoming the world's top revenue-producing gaming market. With more than three billion people within a five hour flight, Macao is poised to become the gaming and leisure destination of choice for a significant part of the world's population." The company's stock price more than doubled between 2006 and 2007 and it recently corrected from a high of $140. Now, shares are very attractive to investors at just $40 to $50.

Wynn Resorts (WYNN) is betting on Macau for future company growth. The new Wynn Macau Resort has a casino, 5-star amenities, and a great waterfront location. Like LVS, WYNN's stock price has more than doubled between 2006 and 2007 and recently corrected from a high of $160. Investing in the company seems more attractive with a $ 3.80 earnings per share (EPS), a relatively low price-to-earnings (P/E) ratio, and a much lower share price.

MGM Mirage (MGM) opened the MGM Grand resort/casino in Macau last year. Its stock price more than tripled between 2006 and 2007 and has recently corrected down to about $30, giving investors another great buying opportunity.

Industrial and Commercial Bank of China (ICBC, listed in the U.S. as ICBAF.PK and IDCBF.PK) is already one of China's largest banks, but recently acquired a majority stake in Macau's Seng Heng Bank in order to gain access to all that gaming money. In light of the recent banking crisis, shares have plummeted and seem to be settling at current prices.

Speymill Macau Property (SPYUF.PK) acquires, develops, and sells property in Macau. The stock faced a significant correction bringing it's price just above its 52-week low.

Macau Real Estate Market

As previously mentioned, Macau is very, very tiny. Land for development is extremely scarce; however, like any other tourist mecca, Macau is attracting more and more newcomers every year. For instance, it's seen a 30% increase in non-resident workers last year alone. Thus expect Macau to one day rival London, New York, and Hong Kong when it comes to pricey properties.

Many investors have been cautious since the recent pullback in the real estate market. Yes, overdevelopment is an intermediate issue, but the outlook remains promising. Keep in mind that Macau's economy is expanding at phenomenal annual rates and, again it's extremely tiny. Your property investment must appreciate in the long run in one of the 4 principal areas of Macau:

Macau peninsula, the old town and colonial Portuguese city. It borders mainland China and is where all the pre-twentieth century architecture remains.

Cotai Strip is on an island separated from the Macau peninsula. If you've ever been to Vegas, you'll notice similarities as this is where the largest concentration of casinos can be found. At less than 3 square miles, it's where you'll find most development and investment activity. Property values here average between $ 20 and $ 30 million per acre!

Taipa is the mostly residential area in between Cotai and old Macau and has most of the area's mid-priced real estate.

Coloane is the southernmost section of the region and is where you'll find beaches, parks, resorts, and golf courses. It's Macau's own green retreat. The few available properties here are amongst the city's priciest.

Macau is more than a place--it's a story of contrasts between the Orient and the West, history and modern pleasures, and urbanism and respite. Macau must continue to grow economically, because the Chinese are just beginning their rise to wealth and Macau is their playground.

Photos courtesy of the Macau Tourist Office.

Tourists and Investors Get a Warm Welcome in Reykjavik, Iceland

July 29, 2008 at www.investdest.com

Reykjavik is a small capital city in the tiny island nation of the north Atlantic -- Iceland. In a place where unemployment, violent crime, and smog is nearly inexistent, it really is a refuge both physically and economically.

Iceland is one of the least visited western European countries, but that's about to change. Iceland Air now has new connections to the East Coast and continental Europe. Nature loving tourists will love the country's rugged coast with whale watching opportunities, green fields and long days in the spring/summer, and of course -- the geysers and geothermal spas (hot springs). The country's many hot springs, such as Blue Lagoon (pictured below, courtesy of Icelandic Tourist Board) is known for its purifying and revitalizing effects.



The country's recent surge in tourism is a testament to its unique landscape and endless attractions. Tourism has grown tremendously, averaging nearly 15% since 2000 and it seems to be picking up, not slowing down. In 2007, for instance, the number of tourists in Iceland grew by over 20% compared to 2006 (See the European Travel Commission Report). Since the country welcomes less than 400,000 visitors annually and since there's plenty of room for growth, cashing in on the tourism industry would be a profitable idea.

It's well worth mentioning that Reykjavik has also become a cruise ship port of call. As cruising grows in popularity and as more and more tourists seek northern Atlantic and Balkan itineraries, Reykjavik will increasingly become a desired destination for both premium and luxury vessels. So you can expect even further opportunities.

The city itself is a quaint yet vibrant mix of history, modern conveniences, and natural beauty. Near the southeast coast, there are views of the pristine ocean and mountains as well. Reykjavik bears striking resemblance to Norwegian coastal cities with its wooden colorful homes, cobblestone streets, and baroque national landmarks. Tourists will love local cuisine with fresh seafood, lamb, and of course plenty of great beer.

Travelers will undoubtedly take note of the clean and fresh air that's due not only to the sparsely populated and underdeveloped landscape, but the country's energy use. Unlike other developed nations, hydrogen powers most cars in Iceland. Now, Iceland is one of the most oil-independent nation on earth. So the rise in cost of oil won't make Iceland as prone to inflation over the next years as elsewhere.

Reykjavik is by no means cheap, but compared to other important cities in Western Europe, Iceland is at least better. The recent currency depreciation trend made Iceland a whole lot cheaper since it was named one of the most expensive cities in 2005-06 studies. For example, a four-star hotel such as the Radisson would run you US$ 208 compared to about $ 250 in New York. A cup of coffee or a hot dog will run about $3.50.

Doing business in Iceland is very easy. Forming an EHF corporation takes a couple of days, just US$ 6,200, and minimal individuals. New business ventures get major incentives like a 12% refund of costs for launching film or TV production. But best of all is that Iceland has much lower corporate taxes than in EU member states, having been reduced from 30% to just 18% in 2002. For more information, please visit www.invest.is

Investment Opportunities

The country is a literal hotbed of energy. You may be aware that Iceland has and uses its own geothermal energy to power up Reykjavik. Metal producers have thus moved smelting operations to Iceland where "free" energy is readily available to cut energy costs. With the rising prices of oil, natural gas, soybeans, and other energy commodities, expect many producers to fail over the next few years except for the following attractive long term investments:

BHP Billiton (BHP) was the first major aluminum producer to set up shop in Iceland back in 2006 and has been an utter success since then.

Alcoa (AA) followed suit and moved smelting operations to Iceland in 2007 and operating expenses are down significantly since.

Rio Tinto (RTP) bought Icelandic smelter Alcan for US$ 38 B in order to join the other major producers at cutting costs with geothermal energy.

Century Aluminum (CENX) faced several hurdles as conservationists vowed to "save Iceland" and cease further construction of smelting facilities. Century released its plan earlier this year to begin smelting by 2010. But in the meantime, energy costs continue to drain the company. Perhaps it'll be worth buying next year.


As previously mentioned, the Icelandic Krona plunged to a new low against most major currencies on concerns that its banking sector would have trouble this year. The country's central bank reassured investors and even raised key interest rates to 13% to encourage holding Kronas, their highest rate ever. The Krona is terribly oversold and will rebound this year as banks and institutional investors seize the opportunity to take out loans in currencies with low interest rates, like the US Dollar, Swiss Franc, or JPY and re-invest them in Icelandic Krona (currency carry-trades).

The 13% Icelandic savings bond might be enough to lure you there, but the imminent increase in the Krona's value will add to your savings bond investment.
If this sounds attractive to you then the easiest way to obtain one is through the following:

Everbank.com has had online bank accounts available with the ability to get a 3-month certificate of deposit (CD) at 13% . Contact them for further details.

With its emerging tourist industry, business-friendly environment, an undervalued currency, a double digit interest rate on savings bonds and low energy costs, Iceland truly is a destination investor's dream.

Photos courtesy of the Iceland Tourist Board

Dakar: Your Gateway to West African Opportunity

Originally Posted on July 16, 2008 at www.investdest.com

Dakar is the western-most African city on its way to becoming a major regional business hub. Located in French/Wolof West African Senegal, Dakar enjoys a tropical climate with distinct wet and dry seasons. Situated on the Cape Verde peninsula, the city is surrounded by sandy beaches, a thriving harbor, and has a beautiful mix of old French and modern architecture.

Popularized in the West by the annual "Dakar Rally," the off-road race from Paris to Senegal's capital draws thousands of tourists and grabs media attention. Besides the race, the French have long vacationed on Senegal's beaches as airline connections to Paris are convenient and affordable

Dakar is a major regional financial center and is the primary choice for Europeans doing business in West Africa. For one, its home to more banks than any other West African city. It's home to BCEAO, the central bank of the West African CFA currency as well as home to many international NGOs. Dakar's even the preferred regional port for transatlantic and European shipments. It's strategic location ensures that capital will continue to flow into the city for the foreseeable future.

Dakar's Senghor airport is a stop-over for transatlantic flights between the East Coast and South Africa. Delta Airlines, the only American air carrier in Africa services Dakar. Air connections are also available to the rest of Africa, Europe, and the Middle East with such air carriers as Air France and Saudi Arabian Airlines.

The Economy

Senegal's economy is developing at a brisk yet healthy rate. Its gross national product (real growth rate) has been consistently averaging a robust 5.5% since 1997 and its industrial production rate is about 3% with no end in sight. About 70% of Senegal's labor force is engaged in farming and arid neighboring countries like Mali also depend on Senegal's food exports. Awakening giant, India has become Senegal's largest importer. As India continues to develop, Senegal will undoubtedly become even more economically powerful and its reliance on Senegal's fish, cotton, nuts, and vegetables will keep things moving. China has also paved the way for an increase in Senegalese imports, especially textiles, farm products, fish, and minerals by announcing tariff exemptions on all Senegalese products.

Safety

You'd be happy to know that Senegal has one of the lowest violent crime rates in the world. According to INTERPOL data, the murder rate was just 0.33 per 100,000 people. Compare that to Japan's 1.41 rate and the US' 5.5 rate. Rapes, thefts, and robberies are all far lower than even Japan and of course, the US. After Iceland, Senegal is the safest country in the world! Tourists and those who frequent Senegal will tell you that the nation is home to some of the friendliest and most hospitable people you'll ever meet. You'll also like to hear that the country has one of Africa's lowest HIV/AIDS rates at just 0.8%.

Senegalese are often described as tolerant, warm, and hospitable. In fact, "Senegal" literally translates to "our boat" signifying that everyone present is together in the same boat. With such a diverse population, it's easy to see how many religions (Muslims, Christians, Buddhists, Native religions, etc.) and languages (Wolof, Halpulaar, French, etc.) can peacefully coexist.

If political stability is your concern, then Senegal is your haven. Last year's presidential election was declared, "free and fair" (BBC Article) with no reports of political killings (Russia, for example did have politically related killings last year). It's worth mentioning that the French still maintain a military base here.

Tourism Potential

Since the 1970's, Dakar has been a tourist destination for the French; however Delta's new service from the US to the airport, low costs, the spectacular beaches, and the great weather will certainly bring new tourists for the years to come. The center city, or "Le Plateau" has a very European feel. The narrow streets are lined with a blend of French colonial style buildings and modern high rises. The city's small parks, squares, and the shore on three sides of this peninsular city provide a relaxing relief. You'll even find several beach resorts in and around town from Club Med to Le Meridien in the northern quarters of the city, N'gor and Yoff. With such assets, Dakar is an ideal developing city.

As cruising proves to be the cheapest way to travel and vacation, it's worth noting that Dakar has increasingly become a high-end cruise port of call and will attract more cruise ships within the next few years. Tapping into the increase in cruisers with a shop near the port area could give you an excellent business opportunity.

Outside of Dakar, tourists can venture to a number of beaches, national parks, and historic landmarks. Many tourists travel by ferry to Gorée Island where they'll find Fort d'Estrées, a nineteenth century French fort. Or, head a few hours north to the picturesque French colonial shore town of Saint-Louis. Beyond the cities and shore, is Senegal's vast landscape teeming with elephants, lions, aardvarks, crocodiles, and ostriches as well as lots of endemic species.

Wedged in the middle of south central Senegal is the small, wealthy, oil-rich nation of the Gambia. Here, tourists will find Western Africa's own Stonehenge at Wassu, an ancient stone circle that is a growing tourist attraction. Like elsewhere in the region, everything is accessible from Dakar.

Open for Foreign Investment

The Senegalese government is open to wholly-owned foreign corporations operating in the country and has tax exemption incentives for foreign investment in the Dakar area. You'd qualify for these incentives with just US$ 7,000 and by employing 3 Senegalese (for more information, see aabf.org's Senegal investment guide or visit APIX, the national investment office). With so many foreign banks, including CitiBank, you'll be able to take care of all your financial transactions with ease. With regards to property rights, foreign investors are treated equally with a legal system based on the French law. Operating a business can certainly be an easy and inexpensive experience.

We're not the only ones who think Dakar is a great investment destination. According to the IMF's late 2007 forecast, Senegal will see an 800% increase in foreign direct investment by 2010. Just take a look at these groups that are planning to get a piece of the action:

- Jafza Jebel Ali Free Zone (Economic Zones World/Dubai World) signed a contract for the development of the Dakar Integrated Special Economic Zone (Jan 2008). The project expects to host 1,000 companies, creating employment growth for the next 2 decades and will be integrated with tourism, residential, and commercial development

- In October 2007, Senegal handed over developing and operating duties of Dakar's shipping container terminal to DP World (Dubai World).

- Aureos Capital announced in October 2007 its pledge of US$ 2.86 M to Compagnie Sahelienne (Matforce) which sells car and energy equipment.

- Iran bought 34% of state-owned oil producer, SAR in September 2007.

- Last year, ArcelorMittal announced plans for a US$ 2.2 B iron ore mine project in Senegal.

So if you're searching for a safe getaway spot where you can live bigger for less, have great weather, and access to a cosmopolitan city, the shore, and nature, then the Dakar region is for you. If you're looking to start a business in a robust and business-friendly economy, or trying seeking a tax haven, then Dakar is certainly a great investment destination for you. Feel free to send us questions and comments on this or any other great investment destination.

Panama Means Abundance

Last year, we took a trip to witness the wonders of Panama, the isthmus connecting the Americas. Panama is truly amazing and that's why so many Americans and Canadians have chosen to visit, live, and invest there. The country is geographically ideal because it lies below the hurricane belt and has few recorded natural disasters. There are hundreds of miles of undeveloped shoreline on either the Pacific or Caribbean side. A mountain range also runs through the country and provides a cool relief from the tropical climate on the coast. The landscape gets an abundance of rain and has an abundance of food and wildlife.

This isthmus boasts the best business climate in the world. In fact more companies incorporate in Panama than anywhere else with over 400,000 incorporated in total. That's because forming a Panamanian corporation is seamless and inexpensive. Its flexible corporate law leaves no restrictions on foreign-owned companies or mergers and acquisitions. Moreover, there are tax exemptions for real estate, tourism, and development investments in Panama. So, if you're thinking of establishing a corporate entity in a great offshore location then we recommend the following service since because they've been in the game for a long time and will take good care of you: OffshoreXplorer (corporate and banking services).

Panama's key industry has become banking as strict privacy laws make the country an increasingly popular tax haven. International and national banks in the centro bancario (50th Street area financial district skyscrapers) are also abundant and are fueling the local economy. HSBC, one of the world's largest banking institutions has made Panama its Latin American regional hub and other banks are following suit. If you'd rather not hold US dollars in an offshore account, there are some banks that have euro accounts that are again, tax-free and subject to the world's most strict privacy laws. Read the following BBC article on how Panama has built itself as the "Switzerland of Latin America."

Although some would be happy to know that the USD is used in Panama, you'd be happier that the country's rate of inflation is far lower than that of the US. That's because without a central bank, you see a true market economy at work. Click here for further information.

I know what you're thinking, Panama is right next to that violent and drug-ridden country Colombia. Well, the border between the two countries is a thick mountainous rain forest with no roads or rail between them at all. In fact, Panamanian police have been at the forefront of stopping illegal drug transits. Just a few weeks ago, they seized 6 tons of drugs in transit as explained in the AP article. Panama is also one of the safest countries in Latin America and violent crime rates here are less than in the US. Once again, police are ever present and banks and businesses ALWAYS have armed security (something that I rarely see in the US).

In addition, water is safer to drink here than in the US. Its water treatment system is more modern and was built by the US military. You'll find an abundance of fresh running water at any business and Panamanians know that they're blessed. So, clearly, Panama will give you care-free living.

Without a doubt, Panama is the most attractive place in the world for retirees seeking to live better for less money. If you receive retirement income, you're eligible for discounts on electricity, health care, movies, restaurants, and transportation. Coupled with beautiful weather and a low cost of living, there's really no better place for retirees. Best of all, you won't have to worry about speaking Spanish because an increasing number of Panamanians speak English. Don't just take our word for it, just read the following article on why Panama is Paradise for Retirees - MSN Money

The country's claim to fame is undoubtedly the Panama Canal which is one of the world's greatest engineering feats and a vital point for international shipments. This is why foreign investment in in the country must continue exponentially. Presently, the economic growth rate is at a healthy 6% and expected to remain steady or increase in the next decade. In fact, commerce in the canal is growing so much that the country has begun its widening project, the implications of which are beneficial to Panama's long term economic prosperity. See article here.

Panama City's Up & Coming Neighborhoods

1. Casco Viejo (Panama City's Colonial District)

Visiting Casco Viejo was a profound visual experience as contrasts existed harmoniously. For one, the neighborhood is home to the national President and the poorest people in town. Secondly, it's where you'll see both French architecture in dilapidated residential areas and Spanish architecture in churches, the cathedral, the theater, and government buildings. Thirdly, it offers wonderful views of either the city's modern skyline on one side and the Bridge of the Americas over the Panama Canal on the other. It's also where most Panamanians avoid because of its reputation as a dilapidated and crime-ridden area.

We decided to stay at a small hotel close to the government buildings but still a short walk from the impoverished community. Many foreigners had begun developing old French style homes and buildings. There were also lots of foreign tourist groups that ventured to see this old colonial city in partial ruins. Little did I know then, that by Panamanian Decree Law #9, that you could get great incentives for investing in property in Casco Viejo. As previously mentioned, there's been a huge surge in interest in the neighborhood because it's really the only place in the city where you'll find such splendid architecture and history.The neighborhood had lots of police presence and was safe by our standards. As development continues, your investment in this community will certainly pay off for the following reasons: it's in a prime tourist location; it's located between the canal and the heart of the city; and it's a growing tourist attraction. Just look at some of the photos below:

2. Fuerte Amador

The tourism industry here is small but steadily increasing. There are very few beach resorts and it still attracts less western vacationers than neighboring Costa Rica. But, we know first hand that there has been a surge in interest in Panama Canal Cruises which is expected to increase by 100% in the next decade. All those tourists will stop at Fuerte Amador, a strip of land next to the canal with stunning views of Panama City's skyline and cheap, modern store fronts. Your potential business in Amador is accompanied by other restaurants, clubs, bars, and shops that service not only tourists, but the increasingly wealthy Panamanian club goers. There's also a large convention center located here and a Smithsonian marine wildlife research center.

David, Panama

Located six hours west of Panama City near the Costa Rican border, David is the country's second largest city. Many travellers make a stop in David on their voyage between Panama City and San Jose. There are presently only a handful of hotels, hostels and casinos in the city and investors will clearly see the need for more. After the national government develops a highway linking David to the capital city (there's currently just a 2 lane road with some portions unpaved), then more people will drive, more buses will make the transit and David will grow faster than ever.

When we were there David was in the initial stages of development. This city of 100,000 had no highways (only small roads), there's no government run transportation (simply private bus operators), few cars on the road, few large business, and a very small airport. The area outside the city has few paved roads and very little businesses. Don't get me wrong, it's a thriving community, but a small and underdeveloped one. The city is at the heart of Panama's principal meat and agricultural region.

What makes David so special is its warm sunny climate and its proximity to both the mountains, a clean river, and a pristine shore (not to mention that it's located just 30 minutes from the Costa Rican border). Whatever you're looking for, the David area has it. But the reason it's a better investment destination than Panama City is because it's 30 - 50% cheaper. There's also less crime, traffic, tourists, noise, and pollution and it hasn't nearly developed--yet.

David could also share in the country's burgeoning banking industry. It's worth reminding you that Panama is the new Switzerland and the banks don't all have to be limited to Panama City. When we were first in David, there were more loan and pawn shops than banks, the complete opposite of in Panama city. Downtown David, or the "centro bancario" had a handful of national banks, but new international banks like HSBC had recently opened an office there. Although most of the buildings downtown were no more than 3 stories, there were two soon to be tall bank offices buildings under construction. Clearly, David's banking center is in the beginning stages of development.

Up & Coming Neighborhoods near David

1. Las Colinas

This neighborhood is located in Dolega, a larger community just north of David on the main highway that connects to Boquete, a popular mountain town. Very new, inexpensive suburban neighborhoods dot the area of Dolega, but on the main roads, you'll find larger, more expensive ones. Best of all is that area is right next to the upper David River, a clean, clear stream with an abundance of fish, beautiful stones, and a waterfall. This area is clearly where most Westerners live and also home to the wealthiest in David. Within a half mile, in the northern section of David, you'll find: a KFC, TGI Fridays, a Toyota Dealer; produce stands, bars, authentic restaurants, and bars; a shopping Center with an El Rey supermarket, sporting goods store, and a furniture center. Even better, you'd be just a stone's throw away from a Panamanian national league baseball stadium (the Chiriqui team).

Last year, new homes being built in neighborhoods such as Las Colinas de Santa Cruz were priced from $ 30,000 with monthly payments at about $160. These one floor houses typically have 3 bedrooms, 1 bathroom, a kitchen, living room, dining room and a doorless garage. They're built with solid steel rods and concrete (they'd never think of building with wood!) and have tin roofs so your ceiling stays dry. You couldn't put a price on the stunning views of the hills and mountains from our backyard and huge red boulders from our front yard. The stunning landscape is also home to a few farms and wooden areas with exotic birds. A few miles north of Las Colinas, you'll encounter new home neighborhoods closer to the mountains. They're larger and have even better views of the mountains. Since they're on higher elevation at at the foothills of the mountains, it's cooler and more breezy than sweltering David. For 4 bedrooms and 2 bathrooms in a gated neighborhood, homes run anywhere from just $ 45-60,000

2. Cerro Punta

If you'd rather have the mountains, cooler weather (50's to 70's ˚F), and serenity, then head to the Cerro Punta area. When we first took a day trip there, we were blown away. It's cool and rainy and has stunning views of the tallest mountains in Western Panama. It's also Panama's principal agricultural center, producing lots of fruits, vegetables, and coffee. You should invest in the Cerro Punta area because it's a less popular, but up and coming area. Westerners have long popularized Boquete, a very gorgeous small mountain town founded by the Swiss and Germans who came to the region decades ago, planted a bunch of pine trees and built homes with Alpine architecture. Property is much less expensive in Cerro Punta and has much less tourists and American retirees. You're just a scenic hour away from David, but you'll still have the convenience of restaurants (Panamanian, Chinese, and a few American), bars, and markets. Lots cost less than $ 10,000 per acre and could give you a comfortable and beautiful vacation or investment property.

3. Playa de la Barqueta

David is about a half hour's drive from the Pacific shore and the best kept secret is a wonderful beach at Playa de la Barqueta. Beachfront homes with 2 levels run just $200,000 in gated communities with 4 or more bedrooms. The beach is has black sand and is lined with tropical and coconut trees. Very few people frequent the beach but there is a restaurant, convenience store, and bar/club adjacent. For under $200K, you can get a condo at an adjacent gated development with its own clubhouse/restaurant.

4. Bastimentos, Bocas del Toro

Finally, if you're seeking your own Caribbean island retreat, then head about 100 miles north of David through a spectacular national park rain forest, and you'll come across the islands of Bocas del Toro (which literally translates to Mouth of the Bull). The islands are only accessible by taxi boat (which runs between $2 and $4). Here, the beaches have white sand with shaded, unfettered shorelines. Bastimetos was a our choice because it was less touristy and developed than Bocas del Toro Island, the center of regional commerce. On Bastimentos, we found a few hostels, restaurants and shops in the main town which consists of just one pedestrian street along the western coast. Crime was inexistent and the people, mostly English-speaking, seemed happy on this island of just a few hundred inhabitants. The beaches on the Caribbean side were amazingly beautiful, undeveloped, and secluded. For me, Bastimentos was the epitome of Paradise.

As you can see, not only does Panama offer a significantly lower cost of living, a business-friendly environment, a safe banking industry, you'd get an abundance of investment opportunities in a safe, beautiful, and diverse landscape. If you'd like more information on acquiring homes or land in any of these up and coming neighborhoods then contact us.

Coming July 7, 2008

Looking for that perfect place where you can invest, start a business, vacation, or retire? Our investment destinations are hidden gems that are on the verge of becoming hot spots. Since they're presently overlooked and undervalued, potential investors, entrepreneurs, visitors, and retirees will find a wealth of opportunities.

With INVEST DEST, you can beat the speculators, developers, and crowds of tourists to the punch!