Panama Pacifico overall presentation about the new global business hub and mixed-use community being developed on the prior U.S: Air Force Base in the Republic of Panama, adjacent to the Panama Canal and Panama City.
THE VISION<br /><ul><li>A world-class commercial and business hub, capitalizing on its strategic location.
A new economic center, attracting multinational companies and creating jobs for Panamanians.
A sustainable community with housing available for a wide economic group.
High-quality shopping, offices and entertainment in a new downtown area – The Town Center.
A distinguished tourism and leisure attraction with resorts, a championship golf course, and country club.</li></ul> …All set within the ecologically inspired landscape of hills, forest, mangrove and wetlands.<br />CLEAN<br />GREEN<br />NEW<br />
A FORMER AIR FORCE BASE<br />Operated as Howard U.S. Air Force Base until 1999<br />Returned to Panama as part of the Carter-Torrijos Treaty at the end of 1999<br />Law 41 of 2004 formed the Special Economic Zone<br />Government hired the World Bank to perform a 2 ½ year search for a Master Developer<br />LRP was awarded the bid in April 2007<br />Master plan was submitted in Sept. 2007; Approved in Dec. 2007<br />Project team began work in January 2008<br />
MASTER DEVELOPER<br /><ul><li>London & Regional Panama is a joint-venture between Jaime Gilinski and UK-based London & Regional Properties.
Leading Latin American-based entrepreneur and investor Jaime Gilinski has interests from banking and insurance to real estate and other fields.
London & Regional Properties is among the most active European private investors with over $20 billion in assets located across three continents.
$100 million under construction</li></li></ul><li>DEVELOPMENT OBJECTIVES<br />• 1,400 total hectares;<br /> ~850 developable hectares<br />• ~1.0 million square meters of new commercial floor space<br />• ~20,000 new homes and apartments<br />• ~40,000 new jobs<br />• Extensive parks, open space and community amenities<br />• Retail centers<br />• Luxury and business hotels<br />
11 Government offices are represented in this Agency – saving your company time and money!</li></li></ul><li>SPECIAL LABOR INCENTIVES<br /><ul><li>Fixed overtime rates (25%) and work on employees’ day off (50%)
New justified cause for termination for market losses and/or fluctuations
Ministry of Labor onsite at Panama Pacifico</li></li></ul><li>SIMPLIFIED IMMIGRATION BENEFITS<br />Onsite government handles all Visa and work permit procedures<br />Special investor and worker Visas are available <br />Visa benefits extend to worker’s immediate relatives<br />Tax-free, one-time importation of any personal and domestic belongings (up to US $100,000)<br />
LEGAL INCENTIVES<br /><ul><li>AllLaw 41 incentives are permanentforonsitecompanies
Law 41 issupplementedbyPanama’s Investment StabilityLaw
Transfer/Withholding</li></li></ul><li>FOLLOWING ACTIVITIES ARE TAX-FREE<br />Transfer of Services to the<br />Aviation Industry<br />Back Office Operations<br />Multimodal and Logistics Services<br />Stock Transfer Between<br />Area Companies<br />Call Centers<br />Transfer of Goods and Services<br /> - Between area companies<br /> - To the agency<br /> - To Master Developer<br /> - To other petroleum free zones<br /> - To the Panamian ports<br /> - To ships and their passengers<br />High Tech Product Manufacturing<br />Offshore Services<br />Data Transmission<br />MROs for Aviation<br />
A PROJECT HAPPENING NOW<br /><ul><li>Ourinvestment in 2009
Term sheets signed: 18</li></li></ul><li>THE SITE DIFFERS FROM THE CITY<br />View of the existing site lookingnortheast<br />Green…..<br />View of the existing site looking west<br />MountainViews…<br />
With the Sierra Miñon Mountains as a backdrop,<br />Panama Pacifico isgreen, beautiful place tolive and work<br />
PHASE 1 CONSTRUCTION<br /><ul><li>International Business Park
Public and private transportation</li></li></ul><li>MAKE THE RIGHT MOVE FOR YOUR BUSINESS<br />London & Regional Panama<br /><ul><li>+(507) 316-3500</li></ul> firstname.lastname@example.org <br />www.PanamaPacifico.com<br />Building 723 <br />AndrewsBlvd. & Stauffer Ave.<br />Former Howard Air Force Base<br />
COPYRIGHT<br />This presentation and the information included within it is the exclusive property of London & Regional (Panama), S.A. and is a protected work under copyright laws. Any act of reproduction, modification, distribution and/or public communication, without the prior written consent of London & Regional (Panama), S.A., is subject to the civil, criminal and administrative actions contemplated by Law.<br />