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Why live or retire in Panama?

 

Panama is a relatively undiscovered paradise. It is a great place to live and enjoy life. There is a lot of opportunity here.

Panama's climate is tropical.. It never gets cold There are no hurricanes nor destructive earthquakes in Panama.

Panama 's currency is the US dollar . There are no exchange control concerns

The cost of living in Panama is much lower than in the United States and Europe--your dollar or Euro goes further.

It is easy to establish residency in Panama.

Retirees in Panama have special benefits and receive discounts on everything --doctors, transportation, airfare, utility bills, even hotels and fast food.

Panama has warm, friendly people and a stable democracy. The populace is more than 80% literate.A large percentage is bilingual in English and Spanish.

Panama has excellent medical and health care. Most Panamanian doctors have been trained in the United States and. Europe. Many are bilingual. Many private hospitals and physicians are affiliated with major hospitals in the US.

Buying real estate in Panama is safe . Panamanian law guarantees that property titles in Panama, including those owned by foreigners, are protected by law .It is an ideal place to purchase your second or retirement home.

Panama is a short plane ride away from the USA . There are direct flights to and from Panama from 7 USA cities- Newark , Miami , Los Angeles , Dallas , Houston , Atlanta and Orlando . It is easy to travel to the states or have your friends and family visit you in Panama.

Panama City is the least expensive first-world city in the hemisphere. You will find world-class restaurants, every imaginable luxury, -all at about half the price you pay in the US.

Panama is a shoppers paradise You can buy everything in Panama.-electronics, cars, clothes. There are modern malls and funky boutiques. There are Price Smart stores in Panama City and David.

Private education is excellent in Panama.. There are three accredited international schools and dozens of fine bilingual schools. At the university level are a dozen universities, including three United States universities with branches in Panama City.

Panama law supports foreign investment and is pro-business. There are incentives for foreign investors. Panama does not restrict foreigners from owning companies or businesses. Company start up laws in Panama are flexible and inexpensive.

Panama is a excellent tax haven. Bank and corporate secrecy laws are designed to protect the investor. Nonresident Panamanian corporations and foundations do not pay taxes on their income. They have no reporting requirements to the Panamanian government.

Panama 's international banking center offers top quality banking services. There are more than 120 banks from 35 countries, including Citibank, HSBC, Dresdner, Bank of Tokyo, Bank of Boston, and International Commercial Bank of China.

Panama ranks as one of the world's freest economies. Panama is a member of the World Trade Organization (WTO) and the Caribbean Basin Initiative (CBI).

Panama is negotiating the Free Trade Agreement of the Americas (FTAA).

Panama is a country of incredible beauty .. The rain forests of Panama offer a diversity of flora and fauna found in no other place in the world. There are all types of animals and vegetation .

Panama has more than 940 species of birds--more than in all of North America.

Panama offers a variety of environments and varied topography. It is a small country and everything is close. You can swim in the Pacific and the Caribbean Sea in the same day.

Panama offers world-class recreational opportunities-deep sea fishing, scuba diving, and surfing. Pinas Bay in Panama’s Pacific holds 170 world fishing records. There is fabulous diving in both the Pacific and Caribbean seas..

World class white water rafting is available in the Chiriqui area.

Punta Catalina in the Azuero Peninsula is regarded as one of the top surfing spots in the world.

Panama has world class golf courses from ocean to ocean.

 

 

 

 

 

 

 

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