January - Volume 10 - Nº 01

Previous Issues:

Volume 9

Nº 1 -January Asset Protection

Newsletter

Nº 2 - February Asset Protection Newsletter

Nº 3 - March Asset Protection

Newsletter

Nº 4 - April Asset Protection Newsletter

Nº 5 - May Asset Protection

Newsletter

Nº 6 - June Asset Protection Newsletter

Nº 7 - July Asset Protection

Newsletter

Nº 8 - August Asset Protection Newsletter

Nº 9 - September Asset Protection Newsletter

Nº 10 - October Asset Protection Newsletter

Nº 11 - November Asset

Protection Newsletter

Nº 12 - December Asset Protection Newsletter

Highlights of this issues articles:

- DEFINITION of 'Asset Protection'

- Why foreigners invest in Panama?

- Top 10 investment markets for 2016: #2 Panama

- How Panama is becoming the next luxury hot spot?

- World's top retirement havens for 2016: #12 City beaches, Panama

- My 5 favorite property markets for 2016: #5 Panama

- Panama: Ro-Ro Terminal in Corozal

- Remarkable improvements in maternal and child health care in Panama’s rural

areas

- Panama for food lovers: Taste the delights of Panama

- How ecotourism is changing Panama (For the better)

- Eco-conscious buyer sought for undeveloped islands off Panama -- asking price:

$100 million

From Investopedia 2015:

DEFINITION OF 'ASSET PROTECTION'

The concept of and strategies for guarding one's wealth. Asset protection is a type

of planning intended to protect one's assets from creditor claims. Individuals and

business entities use asset protection techniques to limit creditors' access to certain

valuable assets, while operating within the bounds of debtor-creditor law.

Asset protection helps insulate assets in a legal manner - without engaging in the

illegal practices of concealment (hiding of the assets), contempt, fraudulent

transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion or

bankruptcy fraud. Experts advise that effective asset protection begins before a

claim or liability occurs, since it is usually too late to initiate any worthwhile

protection after the fact. Some common methods for asset protection include asset

protection trusts, accounts-receivable financing and family limited partnerships.

BREAKING DOWN 'Asset Protection'

In general, if a debtor has few assets, bankruptcy may be considered the more

favorable route. If significant assets are involved, however, proactive asset

protection is typically advised. Certain assets, such as retirement plans, are exempt

from creditors under United States federal bankruptcy and ERISA (Employee

Retirement Income Security Act of 1974) laws.

In addition, many states allow exemptions for a specified amount a home equity in

a primary residence (homestead) and other personal property (such as clothing).

Each state in the United States has laws to protect owners of corporations, limited

partnerships (LPs) and limited liability corporations (LLCs) from the entity's

liabilities.

From The Visitor Newspaper on December 2, 2015:

WHY FOREIGNERS INVEST IN PANAMA?

By: Staff at Panama Offshore Legal Services

E-Mail: info@pols.com.pa

Phone: (507) 227 – 6645

For the past 10 years, Panama has experienced near double-digit economic

growth. Only now, the rest of the world is noticing. The World Economic Forum

recently concluded a yearlong study measuring worldwide economic

competitiveness where Panama was ranked 9th for Foreign Direct Investments. In

addition, Panama’s economic strength and competition ranked 1st in Central

America and 2nd in all of Latin America behind Chile.

What this means is that Panama attracts many foreign investors because of its

strong economy and ability to allow for a competitive business climate with less

regulations than most Latin American countries. It also helps that Panama’s

currency based on the U.S. Dollar gives it more stability than the other Latin

American countries.

Panama also protects foreign investments better than most Latin American

countries. Panama’s Constitution along with its Civil Code (which regulates

commerce) and its Foreign Investments Act guarantees that foreigners have the

same rights as Panamanians in regards to investments, commerce, and property

ownership.

One does not have to look very far to see all the construction cranes in many parts

of Panama City or go to the beaches to see the numerous new hotels, resorts, and

condominium projects. Hundreds of multinational corporations have set up

regional headquarters in Panama including BMW, Caterpillar, Dell, General

Electric, Heineken Beer, LG, Philips, Procter & Gamble, Samsung, Sony, and the

Regional Center for the United Nations. Panama’s Ministry of Trade & Industry

announced last August that Microsoft is looking to become the 115th company

with a regional headquarters here.

There are many opportunities for any foreigner to make investments in Panama.

However, before you invest, we recommend that you consult with a local financial

advisor and a reputable Panama attorney.

From The Overseas Opportunity Letter of December 31, 2015:

TOP 10 INVESTMENT MARKETS FOR 2016

#2 Panama

In Panama this year, we purchased the building that houses our Live and Invest

Overseas business and staff. This made sense not only because we'll be our own

tenant but also and more so because commercial and office space in Panama City

are the best investment sectors in this market right now. This purchase diversifies

our Panama portfolio beyond residential and gives us an expanded stake in one of

the markets we're most bullish on both short and long term. Panama's economy

continues strong, and rental demand, especially commercial, is only going to

increase.

Meantime, residential rentals in Panama City still provide good returns. The

market is heating up in the high-end neighborhoods, as prices break through their

per-square-meter highs from 2007 and 2008. Rents are keeping up, as residential

construction has leveled off in many neighborhoods due to lack of space for new

buildings. Punta Pacifica specifically is seeing strong demand.

Agriculture in Panama will also remain a strong buy for 2016. While I continue to

look for new agriculture investment options in other countries, Panama has

benefits that set it apart. For example, Panama imposes no income tax on

agricultural revenue. Plus, a long list of in-demand fruits can be grown in Panama,

which is centrally located for shipping to either U.S. coast and to Europe.

From Forbes Travel of December 11, 2015:

HOW PANAMA IS BECOMING THE NEXT LUXURY HOT SPOT?

Panama may be best known for its canal, but the country isn’t merely a convenient

passageway between east and west—it’s a destination made up of a unique mix of

city, rainforest and beaches. One of the fastest-growing economies in Latin

America, Panama is on the cusp of becoming a hot luxury travel spot.

April 2015 saw the unveiling of Soho Panama mall, a new luxury epicenter in

downtown Panama City. Not only did it bring shops from the likes of Chanel,

Versace, Burberry and macaron masters Ladurée, but the mall also will house The

Ritz-Carlton, Panama when the 220-room hotel (with two swimming pools, a spa

and four dining venues) opens in late 2016. The Ritz-Carlton company will follow

up its Panama debut with a second hotel in the country; its Reserve boutique brand

will open an outpost on Pearl Island, a pristine private island about 45 miles south

of Panama City, in 2018.

The country also is making it easier to travel to and within Panama. It launched

Central America’s first subway in 2014 and plans to add a second line that will

connect Panama City to Tocumen International Airport in the future. Speaking of

which, the airport is building a state-of-the-art second terminal to nearly double its

capacity in 2017 (Tocumen is still in transition, but you can peruse several luxury

shops, like Carolina Herrera and Valentino). Even the canal is seeing

improvements—a $5.25 billion expansion, the largest canal project since it was

constructed, will double its capacity when it wraps up in 2016. While many

changes await for Panama, here’s why our Forbes Travel Guide editors think you

should beat the crowds and go now.

Where to Stay

Opened in 1997, InterContinental Miramar Panama is one of the city’s stalwart

hotels. As part of an ongoing renovation, the cream marble lobby recently was

refreshed and the modern, neutral rooms were upgraded with new flooring, beds

and more. For the best views, book accommodations facing the water and gain

access to the fifth-floor Club Lounge (which is slated for a makeover in 2016),

where you can glimpse the city though big-picture windows at sunrise with

breakfast and coffee and at sunset with appetizers and wine. The Bella Vista hotel

sits along Cinta Costera, a 2.5-mile stretch lining Panama Bay where you can

walk, jog or bike along a palm-framed path while taking in skyline panoramas.

Follow the path south and you’ll hit the Mercado de Mariscos, or seafood market,

where you can see fish mongers displaying local catch like corvina and locals

popping by the no-frills outdoor booths for a helping of fresh ceviche.

If you’re looking to explore a less touristy part of the city, try Trump Ocean Club

International Hotel & Tower Panama in Punta Pacifica, a tony residential

neighborhood. The 70-story sailboat-shaped building stands out on the city

skyline. But what’s more impressive are the views from the floor-to-ceiling

windows in the waterfront hotel’s chic guest rooms, the sexy deck where you can

choose among five pools or simply sprawl out on a chaise lounge in front of an

infinity pool that seems to drop off into the ocean, and the casino, whose 66th

high-roller floor affords stunning vistas.

Where to Eat

As Panama modernizes, segments of the capital city remain charmingly stuck in

the past. Casco Viejo (aka Casco Antiguo), the city’s historic district that was

established after 1671, landed on UNESCO’s World Heritage List for this

reason. It recalls Puerto Rico’s Old San Juan with brick streets and colorful

Spanish colonial buildings with upper-floor balconies running the length of the

structures. Even buildings with peeling rosy paint or a chipped-away straw-

colored façade bearing “Me encanta tu piel” (“I love your skin”) in cursive graffiti

look romantic rather than rundown.

Casco is the spot to visit for cuisine. One of the hottest restaurants is Manolo

Caracol, where chef Andrés Morataya leads the charge in using hyper-local

ingredients by any means necessary. About 70 percent of the menu (such as rice

and cacao) comes from the restaurant’s own farm. Lobster and octopus are

sourced from free divers. A team drives through villages scouring for chicken to

buy them piecemeal. Morataya then turns these fresh items to modern dishes

(order the tasting menu for a feast). Of course, the selection varies depending on

what seafood, produce and such he can secure that week. But expect to savor

dishes like a flavorful seafood soup with achiote and coconut, silky bone marrow

covered with caramelized onions, or crispy patacónes (fried plantain slices)

topped with prawns.

Venture outside of Casco to the bawdier El Cangrejo neighborhood for a meal at

Riesen. After winning the annual Panama Gastronomica competition, chef Hernan

Correa Riesen used the prize money to convert part of his family home into a

small restaurant. Don’t let the modest dining room fool you—Riesen’s creative

cuisine deserves your attention anyway. The chef incorporates Panamanian

ingredients and modernist techniques to craft dishes like the addictive housemade

vegetable root crisps topped with dabs of national cheese (soft and creamy, it has

the consistency of ricotta), dried cherry tomatoes and avocado slices. Entrées

include a filling grilled octopus with peach palm and coconut, and a tender 48-

hour braised beef tongue.

While Morataya and Riesen represent a new, younger generation of chefs in the

city, you’ll still find traditional Panamanian favorites. At lunch, follow the locals

to an oversized seafoam-green window on Avenue B that looks nondescript, save

for a blackboard that says “Menu” with a few dishes listed underneath it. The

namesake chef at La Cocina de Rosita serves to-go plates out of that window. For

a mere $3.50, enjoy authentic dishes like guacho, a Panamanian version of risotto,

or almojábanos, fried cornmeal with cheese that’s pure comfort food.

A visit to Panama wouldn’t be complete without a raspao, a snow cone made with

condensed milk and fruit. You’ll run into vendors throughout Casco hawking

raspao, but seek out the shiny silver cart of El Viejo Talentoso (typically parked in

the Plaza de Francia). The raspao whiz puts on a show, scraping shards off of a

large ice block. We opted for the coconut, so our refreshing treat came with

coconut milk, condensed milk, a honey drizzle and a sprinkle of shredded coconut.

For something a bit stronger, head to the hip lobby of American Trade Hotel

(Ace’s first foray into the high-end hotel market) for a mojito or seco, the

country’s potent national liquor made of fermented sugar cane. Order seco like a

Panamanian—with milk and on the rocks. American Trade also serves as a jazz

hot spot; Wednesday to Thursday nights, it hosts Danilo’s Jazz Club with

Grammy-winning jazz pianist-composer Danilo Pérez, featuring local and

international musicians.

What to See

To see the city’s origins, head to Panama Viejo, where you can wander through

grassy grounds, exotic trees and the 16th-century ruins of the first European

settlement on the Pacific Coast of the Americas. The cathedral is the best

preserved among the stone remains. Climb up 72 feet in its bell tower for

expansive views of Panama in all directions. It once served as a lookout post for

pirates.

Discover another side to Panama at Gamboa Rainforest Resort, which is a half

hour from Panama City. Skip the resort and go straight for the forest, which is

relatively young due to deforestation from the building of the canal. An aerial tram

will raise you 280 feet above the rainforest floor for prime photo ops of the lush

flora, including trumpet trees, mountain figs and balsa trees, along with

wildlife. With the help of our tram guide, we spotted baby sloths, a chestnut-

mandibled toucan and a flurry of butterflies (Panama has more than 16,000

species) during the 20-minute ride. As you glide through the treetops, you may

hear drumming in the distance—there’s an indigenous Embera village nearby that

performs for visitors.

Upon landing, you’re left to make your way up a 10-story observation tower (it’s

all inclines, no steps, which makes it a breeze to walk to the top) to take in more

rainforest vistas, and then you can catch the open-air tram back in the other

direction.

Gain a deeper understanding of the importance of Panama’s biodiversity at the

Biomuseo, which opened in 2014. The building’s misshapen roof panels in

saturated hues like yellow, blue and red are enough to draw you to the museum,

renowned architect Frank Gehry’s only work in Latin America, as is the lovely

park surrounding it along the water. But step inside to learn how there are more

tree species in 2.5 acres of Panamanian forest than all of North America

combined. And if being in the rainforest wasn’t enough for you, the

“Panamarama” audiovisual exhibit puts you in an immersive space plastered with

10 screens that offer an extreme close-up of the unique local ecosystem. The south

wing hosts traveling exhibitions, but the goal is to fill it with permanent exhibits,

including two aquariums, one representing the Pacific Ocean and the other the

Caribbean Sea. Like the rest of this up-and-coming country, the museum has big

plans for the future.

From Overseas Investments of December 17, 2015:

WORLD'S TOP RETIREMENT HAVENS FOR 2016

#12: City Beaches, Panama

Panama's most convenient and comfortable stretch of Pacific coastline is known as

its "City Beaches" area, thanks to the proximity to capital Panama City.

The most developed, established, and fully appointed beach community along this

stretch is Coronado, about two hours from Panama City. This fast-growing coastal

region offers a high quality beach lifestyle with all amenities and services you

could want.

Coronado is an affordable place to live but not as cheap as other top beach choices

in this country. The trade-off is access. The more affordable choices are also more

distant from Panama City.

Taking a step back, one of the biggest advantages of the City Beaches area is that

it's in Panama. We've been including Panama on lists of the world's best places to

retire overseas for more than 15 years. For several years running, it took top

honors on those lists. We don't rank Panama as the best country in the world for

retirement in 2016. We think that you have better options this New Year.

That said, Panama continues to offer many advantages to the would-be retiree

overseas. The country uses the U.S. dollar for its currency, meaning retirees with

retirement incomes in U.S. dollars have no currency-exchange risk or worry.

Medical care in Panama City is international-standard and affordable. And the

country offers a gold-standard retiree residency visa program.

From Overseas Opportunity Letter of December 6, 2015:

MY 5 FAVORITE PROPERTY MARKETS FOR 2016

#5: Panama

I've been including Panama on top 5 lists for more than 15 years. It still deserves

the recognition. Property markets in Panama softened post 2008 but never

collapsed. Panama has two secret weapons—diversified buying pools and the

Panama Canal. Unlike other markets in this part of the world, Panama's property

markets are not at the mercy of what goes on in North America. This country

attracts buyers and investors from the United States and Canada but also from

across Central and South America, Europe, China, and beyond.

In addition, Panama has its own cash machine in the form of the Panama Canal.

This is a country of about 3.5 million people. The Panama Canal returns more than

US$500 million to the national treasury every year. After the Panama Canal

expansion, that figure will increase to more than US$1 billion per year. In a

country this size, that's a lot of money.

From a lifestyle perspective, one of Panama's big advantages, again, is diversity.

From cosmopolitan Panama City to a Pacific coast, a Caribbean coast, many

offshore islands, mountain towns, and rural escapes, Panama offers most any

setting you could imagine.

Right now, U.S. dollar-holders have a big advantage in much of the world, from

euro-land to Colombia and beyond. However, if you're a dollar-holder who doesn't

want to have to worry about exchange rates, which move both ways, of course,

Panama takes that risk off the table.

From The Panama Perspective of December 14, 2015:

PANAMA: RO-RO TERMINAL IN COROZAL

The Panama Canal Authority expects to start in February the construction of a

specialized Roll On-Roll Off cargo terminal in the Pacific, next to the planned

container port in Corozal.

The purpose of a specialized rolling cargo terminal is to turn the area where it will

be built into a center for redistribution of vehicles, machinery and heavy

equipment to serve the local market and other Latin American countries.

The administrator of the Panama Canal Authority, Jorge Luis Quijano, told

Capital.com.pa that “… The ro-ro terminal to carry vehicles would take a year to

build and is expected to start in February 2016. Quijano said the ro-ro terminal

will be located next to the port of Corozal and have between 40 and 50 hectares,

where cars and heavy equipment for subsequent redistribution to Latin America

and the local market will be stationed.”

The manager added that “… in the ro-ro port it will be possible to make

modifications to the heavy equipment, adding value, and then re-export them in a

different format from which they were recieved, which means technical manpower

will be needed.” Quijano said that modifications to the heavy equipment will also

provide the opportunity for the ACP logistics park to re-build parts or pieces of

heavy equipment.

From The World Bank of December 14, 2015:

REMARKABLE IMPROVEMENTS IN MATERNAL AND CHILD

HEALTH CARE IN PANAMA’S RURAL AREAS

Since 2008, Panama has delivered basic health services to nearly 180,000

beneficiaries per year from rural non-indigenous areas through mobile health

teams. Despite the difficulties, results are remarkable: pregnant women receiving

prenatal controls rose from 20% to 86%, children below 1 year with complete

vaccination scheme rose from 26% to 96%, and professionally assisted delivery

increased from 6% to 92%.

Challenge

Although Panama achieved important health outcomes (under 5 mortality declined

from 34 to 20 deaths per 1,000 births between 1990 and 2004) and devoted a

substantial amount of its GDP to health expenditures (7.7 percent in 2004), well

above the regional average of 6.5 percent, inequality in the health sector persisted.

Due to geographical, financial and cultural barriers to access key preventive

services for mothers and children, poor rural households experienced lower health

outcomes. For instance, immunization rates increased for the non-poor but

decreased between 4 and 5 percentage points in poor households (except for the

anti-tuberculosis vaccine BCG).

Solution

In 2008, the Minister of Health (MOH), with IBRD’s Project support, decided to

introduce the Health Protection for Vulnerable Populations program (PSPV, for its

Spanish acronym) to deliver a package of basic health services to poor non-

indigenous populations in rural areas. In order to deliver the package of health

services, the MOH signed performance agreements with local MOH teams and

private sector organizations. These agreements were based on capitated payments

and a results-based financing approach, innovative methodologies introduced by

the Bank.

Results

According to audited data for the Project, nearly 180,000 beneficiaries per year

living in non-indigenous rural areas received regular access to a basic package of

health services through the mobile health teams financed by IBRD. The following

results were achieved:

- Percentage of pregnant women with at least 3 prenatal controls increased from

20% (2010) to 86% (2014).

- Percentage of children below 1 year with a complete vaccination scheme for

their age increased from 26% (2010) to 96% (2014);

- Percentage of women delivering children with the assistance of trained personnel

from MOH increased from 6% to 92%.

In addition:

- 54% and 78% of individuals diagnosed with diabetes and hypertension,

respectively, received prescribed drugs according to MOH’s protocols:

- 100% of Panama’s health regions completed the survey and mapping of human

resources, equipment and infrastructure:

- 100% of Panama’s health regions are using an automated monitoring and

information system for assessing achievement of results of primary health care

providers.

Bank Group Contribution

IBRD total investment: US$40.00 M.

Government of Panama total investment: US$ 16.30 M.

Partners

The Project was implemented with a strong partnership among IBRD, the

Financial and Administrative Health Management Unit –UGSAF – from the

MOH, MOH Regional Offices, and private sector providers.

Moving Forward

The Inter-American Development Bank stepped up its support to Panama’s effort

to reach the remote rural areas following the conclusion of IBRD’s Project in

2014.

There is a new IBRD Project under preparation to continue supporting Panama to

address its inequality challenge in the health sector. The new project focuses on

the inclusion of indigenous people from the “comarcas”, in line with the World

Bank and Panama Country Partnership Framework.

From The Senior website of December 15, 2015:

PANAMA FOR FOOD LOVERS: TASTE THE DELIGHTS OF PANAMA

COLLETTE is offering a range of world tours that will enable travellers to sample

exotic cuisines and culinary delights from the four corners of the globe.

For a tropical adventure, aroma-rich Panama boasts lush rainforests, brilliantly

hued birds and spectacular coastlines. Collette's Discover Panama tour is an

opportunity for travellers to savour local specialities in an idyllic setting.

In Gamboa, you can take an excursion to an Embera indigenous village and enjoy

a traditionally cooked meal and folklore dance show.

Cruising through the stunning Panama Canal, the tour will stop to visit the

Mercado de Mariscos seafood market and try fresh ceviche.

In Anton Valley, there's the opportunity to bask in the luxuriant natural surrounds

of an orange grove while enjoying a picnic lunch, or learn old-style cooking at a

clay oven bakery.

Those with a sweet tooth will be in heaven sampling the sweet sugarcane juice

guarapa in Chitre's sugarcane mill.

At one of Panama's well-known distilleries, travellers will learn about the

production of rum and seco before delighting in a tasting session.

From The Travel Pulse of December 7, 2015:

HOW ECOTOURISM IS CHANGING PANAMA (FOR THE BETTER)

Panama, the bridge of land that unites North and South America is committing to

sustainably developing its protected areas. The country’s most recognizable

landmark is the Panama Canal, which is currently its biggest tourism draw. The

country also attracts birders, who flock to the destination each year to see its more

than 933 species.

However, what many visitors don’t know is that the Panama also has one of the

Western Hemisphere’s largest rainforests and a number of protected lands that

remain largely undeveloped when it comes to tourism. Panama is looking to

change both of these facts.

Since its formal commitment to ecotourism, in an agreement signed on Earth Day,

April 22, 2015, global NGO Sustainable Travel International has been working

closely with Panama’s Ministry of the Environment, its tourism authority, and

private sector organizations within the country to conduct a diagnostic analysis of

opportunities and challenges for developing tourism in Panama’s protected areas.

“Responsibly developed tourism offers unparalleled opportunities to stimulate the

local economy, benefit indigenous communities and conserve rich biodiversity,”

said Louise Twining-Ward, CEO of Sustainable Travel International. “Panama is

well on its way to the development of a world–class ecotourism offering. They are

doing all the right things to maintain the authenticity of the experience, preserve

ecosystems and keep visitors safe.”

According to Sustainable Tourism International, the objective of the work being

conducted is, by January 2016, to have a comprehensive and stakeholder-driven

vision for the development of national parks and protected areas and their buffer

zones that benefits local communities.

In a series of meetings with minister of tourism, Gustavo Him, Him reaffirmed

Panama’s commitment to pursuing tourism development in a way that improves

livelihoods and conserves Panama’s natural attractions and ecosystems. Until

recently, the country has not actively promoted tourism in its parks and protected

areas. Most of its 2.3 million annual visitors still don’t venture very far beyond

Panama City, and many visitors come only for shopping and business related to

the canal.

However, Panama is a land rich with biodiversity. Thirty-nine percent of

Panama’s land area is under protection but is not developed for tourism. For

example, the UNESCO Natural World Heritage site Coiba Island in the southwest

of the country is part of the Pacific Marine Biological Corridor and is known as a

world-class destination for diving and whale watching. The island also has pristine

beaches, mangrove forests, scarlet macaws, mantled howler monkeys and four

species of sea turtles. But the area has little tourism development and is hard to

reach.

In Boquete, which boasts a high volume of expats but not as many tourists, Volcan

Baru is a key destination for hikers and is the one place in the world with views of

both the Caribbean Sea and the Pacific Ocean. The legendary routes of Camino

Real and Camino de Cruces, where the Spaniards originally crossed from the

Pacific to the Caribbean by land (a predecessor to the Panama Canal) have the

potential to be developed as ecotourism routes cross highly diverse landscapes.

Sustainable Travel International suggests linking the tropical rainforest and

mountain ecosystems, as well as providing visitors with access to rural and

indigenous communities.

As the two groups work to develop Panama’s ecotourism infrastructure, the next

step in the project is for Sustainable Travel International to develop a strategic

vision and action plan that will provide a framework for a coordinated approach to

tourism in parks and protected areas.

It may take a while for these new efforts to get off the ground, but ecotourism

enthusiasts are sure to be ready when the development takes hold – if they are not

there already.

From the L.A. Times of December 15, 2015:

ECO-CONSCIOUS BUYER SOUGHT FOR UNDEVELOPED ISLANDS

OFF PANAMA -- ASKING PRICE: $100 MILLION

Three islands off Panama encompassing about 1,800 acres are listed for sale as a

group

Lauren Beale, Reporter

What do actors Johnny Depp, Leonardo DiCaprio and Mel Gibson have in

common besides box-office successes? They’ve all succumbed at one time or

another to a sort of island fever and ended up owning their own.

Now three tropical islands off Panama are for sale at $100 million. The

undeveloped Cayonetas Islands, available for the first time in more than 35 years,

include about 50 beaches, 19 miles of coastline and 1,800 acres.

Three islands off Panama encompassing about 1,800 acres are listed for sale at

$100 million.

The trio -- Bayoneta, Cañas and La Caida islands -- are home to endangered

turtles and 12 emerging sub-species of birds not found on the mainland. Up to

30% of the land is eligible for eco-conscious development. The rest is designated

to remain a nature preserve.

The islands are set in Panama’s Las Perlas archipelago, about a 20- to 30-minute

helicopter ride from Panama City.

**************************

Until next time, thank you for reading “Asset Protection Newsletter”.

For your Asset Protection needs contact:

Panama Offshore Legal Services

www.panama-offshore-services.com

Email: info@pols.com.pa

Tel (Panama): ++ (507) 227 - 6645

Fax (Panama): ++ (507) 227 - 7485

Note: If calling to Panama from the US or Canada,

you must dial "011" prior to the country code (507).

Toll Free Voicemail / Fax (USA): 1- 800 - 716 - 3452

To unsubscribe/change preferences:

click here

To subscribe:

click here

Our address:

IPASA Building, 3rd Floor

41 Street Off Balboa Avenue

Panama, Panama 0819-04215

Panama