Spotlight on Panama
More than Just a Place to LiveWritten accounts of Panama being a favorite crossroads date back to the Spanish Empire and the California Gold Rush. Situated at the gateway of world trade and acting as a nexus between two continents and two oceans, the country has long since played host to thousands of foreigners that come to live, retire and/or invest.
Fast Facts
Population: 3.2 million
Time Zone: GMT-5/Eastern Standard Time (EST)
Currency: US Dollar-Based Economy
Religion: 85% Roman Catholic
Climate: Tropical Maritime - Temperatures Vary from Low 80s to Mid 90s
Language: Official Language is Spanish, but English is Widely Spoken
Viva Panama! Top 5 Reasons
1. Political, social, and economic stability
2. Low cost of living
3. Financial and fiscal incentives
4. Quality of life
5. First-class infrastructure and telecommunications
Attractive Place of Residence
Panama is undoubtedly one of the most attractive countries in the world to live in. An ideal combination of mild tropical weather, strategic geographic location, a modern capital city, exceptional health services, a safe environment, and the possibility of acquiring residence status and enjoying its many benefits, either as a financially independent person, retiree/pensioner or as an investor, makes it the residence of choice for many citizens of the world.
Favorable Investment Climate
With its long-standing role in global trade and international banking and its important status as one of the world's freest economies, Panama stays true to its country motto: Pro Mundi Beneficio (For the Benefit of the World). Its leading role as a major commercial hub for maritime cargo, telecommunications, and the import-export trading industry, accounts for the quality and quantity of its international business climate and bustling services center. In addition, the privileged tax status and real property exemptions enjoyed by its foreign residents and the generous tax breaks afforded to relocating businesses make Panama even more attractive!
Many Lifestyle Options
Increasingly, individuals are choosing a location to buy property to relocate, retire, or invest in where they can enjoy a variety of lifestyle options. Panama provides a wealth of natural, recreational, and cultural pleasures that range from renowned engineering and historical wonders to thrilling outdoor activities and unique shopping and dining venues. Add to these the many investment and living incentives and you will find Panama is a great place to call home.
If you are looking for more than just a place to live, come to Panama…it's a way of life! Contact us to find out more about the possibilities of residence and business opportunities in Panama.