What Ocean Embassy has to say about Panama
“Ocean Embassy conducted extensive research worldwide to find the best location for our marine resort experience. Steady economic growth, strong development, pristine oceanfront, friendly people, an expanding tourism market, and a long list of many other positives quickly made Panama our first choice.
With its inviting climate characterized by warm winters and lush tropical geography, Panama is a virtual paradise - a perfect setting in which to create a unique and exciting venue for a world-class destination and themed resort attraction. Blessed with good infrastructure left from a long history of collaboration with the United States during the operation of the Panama Canal, Panama has an excellent foundation for continuing to modernize and develop.
Panama has newly expanded and refurbished airport facilities in Panama City and other locations with a good airlift capacity for bringing visitors to the country. Also, the site selected by the Ocean Embassy team is within the boundaries of established tourism areas in the fastest growing tourism sector of Panama along the Pacific Coast.
Panama has a historically stable political system and few of the political challenges of some countries in Central and South America. With a new government committed to growing a strong tourism market, policies also actively support the responsible management of the country's marine resources and environment. Panama has demonstrated that it will be a reliable partner in this project's development.
With full support of all appropriate government agencies, our choice of properties included: access to sea water, guest accessibility, significant acreage for growth, dynamic oceanfront views, convenient location, direct highway access and natural beauty of the land. We selected a site called Playa Corona. A contract for over 600 acres has been completed, setting the course to fully develop our flagship Ocean Embassy site.”
What Donald Trump has to say about Panama
“Panama has a stable, solid and a growing economy that is free from political turmoil. And because the local currency is the U.S. dollar, there is no risk of devaluation. The economy grew 4.5% in 2004 and 6% in 2005. The country features one of the world’s most modern telecommunications networks and the region’s most advanced banking system. Panama with its recently renovated Airport and internationally award winning airline COPA is truly considered the air hub of the Americas.
Thanks to its geographic location – a strip of land between the Atlantic and Pacific oceans, which also serves as a land bridge between North and South America – Panama is now one of the world’s main marine transport centers via the Panama Canal. The strategic location has also made the Colon Free Zone the second most important free trade zone in the world, after Hong Kong.
The current mega-project to increase the capacity of the Panama Canal, an investment estimated at $8 billion, will generate a large number of jobs, a steady inflow of professionals from abroad and substantial demand for hotel and real estate services during the ten years of the duration of the project.
Panama’s government offers exceptional incentives for foreign investment, such as tax exemptions on property taxes from ten to twenty years. There are no capital controls: Funds are free to move back to the country of origin, without restrictions or taxes of any kind. The local currency is the United States dollar, which eliminates risks of devaluation.
Panama is considered the number one location for retirement living. Modern Maturity magazine ranks Panama as the best retirement destination on the continent, while International Living magazine ranks it in first place worldwide. Panama is also among the best six locations on the continent to own a second home, according to Conde Nast Traveler.
Additionally, it is considered one of the safest countries in the world and has the highest rating in terms of tours to safety. Add in the country’s excellent service infrastructure and its various tourist attractions, and you will find that Panama is truly a paradise to live and enjoy.
The prestigious “Pinkerton Global Intelligence Services” has recently awarded Panama its highest rating in terms of tourist safety. This, along with its infrastructure of services and tourist attractions, has made Panama a paradise to enjoy:
- Over 1500 exotic islands and beaches in both the Caribbean and Pacific oceans.
- Fascinating historical places.
- Exuberant natural beauty.
- Sophisticated nightlife and shopping.
- Local Native Cultures.
- World class adventures in sailing, diving, and fishing.
- Far from the hurricane corridor.”