NEW YORK, NY, November 26, 2016 /24-7PressRelease/
-- With a lot of talk of American citizens moving north of the border since the November 8 election surprise "Trump Refugees" are also starting to look at sunnier climes such as Panama, the popular Central American re-location zone as an alternative.
Having built a reputation as a go-to spot for retirees and baby boomers over the last 10 years and being rated a one of the top relocation destinations in the world, Panama has suffered a bit of a slow down of late due to scandals such as government corruption, the exile of an ex-president. Additionally the Panama Papers, with it's 11.5 million files of 40 years of international wheeling and dealing in which the U.S.president elect, Mr. Trump's name appears 3,540 times, caused it's own share of negativity. But by all reports things could be on the rise, and rapidly if all reports are correct, thanks to Mr. Trump and the American electorate.
This would not be the first boost Mr. Trump has given the Panamanian economy. In 2001 he cut the ribbon on the 70-story Trump Ocean club with exiled President Ricardo Martinelli to enthusiastic applause. Despite the fact that four months later the developer defaulted on his debt due to cost overruns and the global financial crisis, it was one of the biggest construction projects in Panama at the time. Although Mr. Trump was not directly involved in the construction or the subsequent bankruptcy he also had to take a bit of a haircut on his profits with his licensing fee going down from an estimated $74 million to a mere $32 million.
"While there has always being a steady flow of Americans relocating to Panama there is definitely an upswing of enquiries of late and not just from retirees and baby boomers but also young families and business people looking for alternatives,"
said Tom Byrne of First Panama Investment, a company that specializes in assisting Americans and others who want to relocate, settle, setup business or just escape to Panama. "While most of the business people and investor motivated people are looking towards the city for opportunities, families and retirees are moving inland to the mountain areas such as Boquete near the Costa Rican border,"
explained Mr. Byrne.
With it's recent completion of the new Panama Canal locks and expansion of it's main international airport, Tocumen, giving direct connect-ability to most major U.S. cities, Panama, could indeed become the "go to" location for those wishing to escape the next 4 or 8 years. With it's range of retiree, investment, self solvency and other visas being offered to U.S. citizens as well it's aptly named "Friendly Nation" visa "Trump Refugees" could easily find that they are the most welcomed refugees in the world.First Panama Investment Corp.
is a specialist relocation real estate company with 11 years in the marketplace assisting Americans and Europeans sourcing homes, investments and businesses.
First Panama Business and Investor Concierge Services
is directed and staffed by bilingual English-speaking expatriates with over ten years of on the ground business experience in every province of the country.
If your goal is to 'hit the ground running' and make the most of what the thriving Panama economy has to offer, our group of seasoned professionals are here and ready to assist you. We have excellent and current relationships with, major developers,international and local banks, lawyers, government officials and business executives from every corner the Republic of Panama. Get the best professional advice available to you from an up to date perspective.
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