Jovanka Burke
League City, TX (USA)
Role(s):
Founder/Owner/Principal
Fowlcon Global, LLC
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Startup
Location:
Boquete
Industry:
Consulting
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
We are looking at the possibility to create a 57 acre developemnt in Panama. It is a beautiful property with two rivers, excellent areas for new construction in a location very popular for tourism and potential home/condo buyers. There are many Americans, Canadians and Europeans moving to this area of Panama. The property is very inexpensive but easily accessible fronting a newly constructed highway. There is a shortage of hotels and restaraunts in Boquete at this time. This property can easily be developed for multiple uses. Construction costs are very low in comparison to the US and Europe. Skilled labor costs are also very low. The greatest advantage are the tremendous tax breaks being offered by the Panamanian government at this time. I have been in the construction industry for 34 years. I will actually be relocating to Panama permanently in July, 2011 and setting up shop. Currently, home and property buyers are exempt from paying property taxes for 20 years. Any new business related in any way to tourism is also exempt from paying import duties. I can handle all of the legwork in Panama. I have some interest from a few investors and developers already in place. I have found several architectural firms and major building contractors showing alot of interest as well. This is a great opportunity and the timing could not be better. A previous study has shown that the two rivers can actually be used to produce $1,000,000.00 worth of electricity alone. Pictures and information pertaining to this property are readily available.