OCEAN REEF - CITY VILLAS - HOUSES - SALE

PERMANENT RESIDENCE AND CITIZENSHIP IN PANAMA THROUGH REAL ESTATE INVESTMENT

Did you know that permanent residency in Panama through real estate investment is possible?

Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident by making a qualified investment in Panama, including the following options:

- Real estate: Invest US$300,000 (until October 2024), or US$500,000 later, free of liens.
- Real estate projects in presale: sign a contract of sale for the sum of US $ 500,000 or more, free of encumbrances.

ITHLUX and our team of professionals offer you several real estate projects that qualify for the program, in addition to providing you with the complete package to support you and your family in this process (legal, immigration, tax / accounting, insurance, among others). Contact us! Take this opportunity and book your visit now or ask for additional information!

OCEAN REEF

Panama - bridge of the world and heart of the Universe. It transports you to incredible destinations: Archipélago Las Perlas, San Blas, Isla Coiba, Piña's Bay.

Emerging from the sea: Ocean Reef Marina & Yacht Club. In the center of the Americas, the most recent milestone in Latin America is born. An exclusive international destination for luxury yachts.

That place you imagine exists, facing the sea inside the city. An exclusive style for you!

Ocean Reef Islands are the first residential islands built by man in Latin America. An exclusive community of 137 residential lots developed in Panama City, in front of Punta Pacifica.

THE PROJECT:

- Consists of two (2) islands
- Low density lots facing the sea, for use of up to 6 families per lot and up to 6 levels (ground floor + five high) and a semi-basement.
- Elaborate design guides, in conjunction with EDSA, govern all the properties of the islands that guarantee the language and eminence of the residences.

CITY VILLAS:

Your home on the exclusive Ocean Reef Island!

The condo has three unique residence styles to ensure your family's living experience, with spacious spaces and outdoor terraces.

Enjoy your home in downtown Panama City steps from Punta Pacifica, restaurants, banking center, shopping centers and hospitals.

A prime location where residents can enjoy a beautiful ocean view, a morning yoga session, read a book or have a glass of wine while enjoying the colors of the sunset and the sea breeze.

Live your best life, the best of both worlds, a private beach enclave in the city center with a dynamic and vibrant lifestyle just steps from your own retreat.

OCEAN REEF AMENITIES:

- Gardens and parks
- Pools
- Tennis court, multi-purpose court, paddle tennis court, volleyball, squash court
- Water sports
- 24-hour restricted access, supervised by a security team that guarantees security and privacy
- Heliport
- Yacht Club and Marina – Around 200 moorings for yachts up to over 200 feet
-Restaurant
- Bar – Lounge
- Roof Top Terrace
- Decks with ocean view
- Meditation and yoga area
- Cabanas
- Recreational areas for children
- Recreational activities for adults
- External kitchen and BBQ area
- Beach area
- Gym
- SPA and Massaje
- Sauna
- Fishing

PRICE:

USD$ 1,450,000.00

Take advantage of this opportunity and book your visit now or request additional information!

Why live or invest in Panama?

1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the Global Competitiveness Index of the World Economic Forum.

2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.

3 - International banking and financial center: strong banking system - In the last 20 years, mergers, transformations and additions of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.

4 - The territorial tax system that exempts from taxes the income obtained outside the country, constitutes the main attraction for companies and individuals from all over the world to find a tax solution in the country.

5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.

6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.

7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.

8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.

9 - The Panama Canal transits more than 5% of world trade, with 160 client countries and 144 maritime routes, obtaining great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving the growing demand for real estate.

10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.

11 - Stable Real Estate Business - Investing in real estate quoted in dollars remains a safe investment bet. The real estate industry offers a wide range of projects with a price / quality ratio well above the average and with great growth prospects.

12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners residing or investing in the country, among which the Friendly Countries Visa stands out, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, Serbia and Montenegro, Singapore, Slovakia, Spain, Sweden, Switzerland, Taiwan, United Kingdom, United States of America, Uruguay.