Panama, a unique country in the world, has opened its doors to international residents, investors, developers, tourists, retirees, etc.
Its social, political, and economic situation and its new laws and programs encourage foreign investment and make it very attractive for people who wish to visit or live in our country because of all the advantages that Panama offers. Among other benefits are:
• The Government is democratic. It is political stable.The Panamanian economy is one of the most stable in Latin America.
• Panama is safe. Crime is very low.
• Foreigners are treated with respect and hospitality.
• It doesn’t have active volcanoes, nor it is in the zone of hurricanes and tornados.
• English is widely spoken and understood throughout the country.
• Panama City is very cosmopolitan with impressive highways, skyscrapers, medical facilities, shopping Centers and much more.
• Panama is a technologically advanced country: high speed internet, good cell phone coverage, TV with English channels, etc.
• The cost of life in Panama is very affordable compared to other countries able to offer similar quality of life. Residents pay no taxes on foreign-earned income. As a foreign resident, if you buy or build a new house, you will not pay property taxes for 20 years.
• Because Panama has a duty free port, there are electronic appliances, automobiles, clothes, and other imported items available at reasonable prices.
Panama’s currency is the US dollar. You don’t have to calculate conversions or learn a new currency.
• Panama is a world banking center. Foreigners can receive loans and do banking with a lot of respected banking institutions.
• Business men, sailors, traders, and shippers have made Panama their home.
• It has coasts at the Pacific and Caribbean Sea. You can swim in the Pacific and the Caribbean in the same day.
• Panama doesn’t have extreme weathers. It varies from hot, sunny lowlands; to the dry, windy beaches; all the way up to the cooler mountain climates, like Sorá.
• Panamanians are very friendly. They are accustomed to foreigners due to its history background of being a transit site.
• Proximity to major cities in North America. Panama is very centrally located with excellent rates on international flights.
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