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FOR SALE PROPERTY - ENSENADA DEL REY |
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About the Island:
Isla Del Rey is the largest island in the Pearl Islands in the Gulf of Panama. Its current name is probably more a reference to Christ the King than to a secular king. There are several towns, most notably San Miguel. It is larger than the other Pearl Islands combined, and is the second largest island in Panama, after Coiba all located in the Pacific Ocean. You can reach the Island by boat or plane from Panama City. The airport is located in San Miguel.
About the Property:
This incredible virgin property is nestled on the beautiful eastern coast of Isla del Rey sun drenched by the pacific tropical overlooking Playa Lagarto and the Pacific Ocean. It offers 27 Hectares (66.7 acres) of perfect panorama of the Pacific Ocean. This magnificent property has around 700 MT2 (2 296 feet) of white sand beach ideal for a spectacular project or just all for yourself.
Since it is a virgin land there is not public utility facilities, however the Panamanian government through the newly development policies is improving the facilities, since other projects has started in other part of the island.
One particular aspect of this property is its natural resources such as rivers (fresh water sources), abundant tropical fauna and the most breathtaking vegetation.
About the incentive:
Here is just an abstract of why you should invest now in Panama:
1) HIGHLIGHTS FROM THE GATO REPORT ON SUSTAINABLE TOURISM IN LAS PERLAS ARCHIPELAGO. (Commissioned by the United Nations Development Program, the Government of Panama and Las Perlas landowners)
…General Conclusions:
…The Las Perlas project presents without a doubt a unique opportunity for the development of tourism in Panama. The integrated character of the Sustainable Tourism Master plan with participation by both the public sector (IPAT) and the private sector (land owners) with the support of the United Nations Development Program UNDP is unprecedented for Panama. This approach allows a comprehensive and sound planning to the maximum benefit of all participating parties, avoiding problems and minimizing negative impacts from the very first phase.
… As the assessment and evaluation of the basic conditions in Panama and the Las Perlas have shown clearly, tourism in Panama is still in a very early stage and has not yet reached a great maturity. However, in many fields the first steps have already been initiated and progress has been made…
… It can be concluded that Panama and the Las Perlas Archipelago have great opportunities to develop into destinations rising to the expectations of tomorrow’s tourism industry.
2) Tax Incentives for Projects in Special Tourism Zones
Panama has declared different parts of the country as Special Tourism Zones (Isla Del Rey is one of them) which can receive multiple tax exemptions holidays among other benefits, which include:
- Property taxes exemption including land
- Income tax exemption for a period of 15 years
- 20 years exemption from Import taxes including the Sales tax ( 5%)
- 20 Years Income Tax Exemption originated by the interests charged by creditors in the tourism activity investment
- Exemption from liens due to the use of docks or airports built by the company
For more information please contact me. I will be glad to send you more information about incentives, title status/land usage and property visit arrangement of this property. |
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| PRICE: $675,000.00 |
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| PROPERTY PICTURES |
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