The first time I went to Panama was on a fishing trip in December of 2002. While there, I was approached by the typical real estate person that all Latin America countries have. I had a day to kill so I though “what the heck”. I’d been looking for a piece of retirement property for five years, and knew I was going to buy a parcel somewhere in Central America. The agent and I drove into the mountains, through some of the most beautiful countryside I have ever seen. Little towns like Boquete, Volcan, and Potrerillos were filled with flowers and fresh air. I was so impressed that I found a lot and bought it on the spot.
Some months later, on another trip to Panama, I attended a seminar on investment opportunities in Panama. It was at this seminar that I learned about the Playa Las Lajas as a potential investment property. Since Las Lajas was on my way back to David, I decided to stop and take a look. I turned off the highway and bounced along a potholed road through the pueblo of Las Lajas. The road ended right at the ocean. As I stepped out onto the beach, I knew that the Playa Las Lajas could be the greatest investment opportunity of my life.
Since then I have spent thousands of hours and dollars determining whether investing in Las Lajas would be worthwhile (research is tough in a tropical paradise, but someone had to do it!!!). It is my conclusion that Las Lajas has a fantastic potential for becoming an exclusive beachfront resort and retirement community.
The inception of Las Lajas Panama, Inc.“L.L.P”.
I have drafted this letter to describe to potential investors L.L.P.” plans for an exclusive resort and residential development at Playa Las Lajas and as yet “undiscovered” beach on the Pacific coast of Panama.
Las Lajas Panama Inc. was established in July 2004 to deal in tourism and real estate in Panama. Its primary function is to purchase beachfront property at Playa Las Lajas, and obtain free and clear title to said properties in the corporation’s name. Develop said land into a gated community with access to an 18 hole golf course, a 6,000 ft. paved runway, a 350 room Hotel/Casino, and a protected harbor/marina. Additionally, to implement this mission, a real-estate company, a maintenance company, a utilities company and a security company will be created as subsidiaries of LLP. It is the intent of LLP to take advantage of all profitable financial opportunities that arise out of this project.
Through extensive research, it has been determined that Playa Las Lajas has the potential to be a profitable enterprise. L.L.P. has looked at the market in the United States, Europe, and Panama to see if the project was marketable and sellable. The outcome of all of our research points to an international highly marketable product. A few of these points are as follows: Panamanian law makes it a sellable product because of the incentives given to the retiree and businesses (see attached). The potential profitability of this project is extremely attractive, mainly because of the low cost of the land, tax incentives, and the low labor cost. A major selling point to all investors is that the currency used in Panama is the US dollar, making it very safe and stable economy.
Real Estate laws in Panama are similar to those in the United States; one needs a real estate license and a $10,000.00 bond. An attorney usually handles the bond and the license for a fee. LLP has such services available at this time for transferring titles to land at the Las Lajas project.
Currently L.L.P. is seeking to sell only a limited amount of shares in order to raise capital to proceed with development of purchased land.
The Beauty of Las Lajas, Panama
Fronting two oceans, Panama offers a connoisseur’s choice of beaches, both on the mainland and on islands just offshore. Residents of Las Lajas can wade in the tide of the Pacific Ocean, travel less than half a day across the narrow country, and find themselves splashing in the waters of the Caribbean. In between the two great seas, the mountainous interior holds an entirely different kind of natural beauty.
Located 62km east of David (1 1/2 hour), Playa Las Lajas is the beginning of several beautiful sandy beaches. Although popular during the weekend, many of them are virtually deserted during the week. Current activities to enjoy at Las Lajas include: Canoeing through jungle rivers, Viewing ancient ruins and rock carvings, wildlife viewing, body surfing, surfing, snorkeling, and SCUBA diving.
Our proposed Las Lajas project is located on this palm-lined strip of sand that stretches straight along the Pacific as far as the eye can see. It is truly, like nothing you have seen before~