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Why Panama
PANAMA.
One country, two oceans and million of possibilities. Panama is the place you want to be. Come and discover all that Panama and we have to offer.
Panama is more than just a canal… much more. And what you find in Panama really depends on what you are looking for. For many the discovery could be sunny beaches of the Atlantic or the Pacific Ocean, vivid and colorful submarine world, the tropical jungle, the fishing, sea kayaking and surfing, the best golf courses, mountains, casinos, or even… the Panama Canal. Many will discover the advantages of investing in Panama. Panama is fast becoming one of the world’s top ranked real estate investment destinations. The country is currently experiencing an unprecedented Real Estate boom.
NOW IS YOUR OPPORTUNITY TO BE PART OF THE “BOOM”. MAKE YOUR FINANCIAL DREAMS A REALITY. INVEST TODAY AND SECURE YOUR FUTURE.
Why Invest in Panama
Panama is the ideal offshore jurisdiction and great place to live. Panama offers:
Political stability. Panama has stable, democratically elected government. The government of Panama and its law actually encourage foreigners to invest and live in Panama. Foreigner can buy and own property in Panama with the same rights and protections as Panamanian citizens.
Financial stability. Panama has stable economy that has been based upon the US dollar since 1904. Panama has achieved the lowest inflation rate in all of America.
Panama has over 130 International and local Banks. Panama has some of the best banking privacy laws in the world.
Panama is one of the best offshore havens in the world. Panama has the largest duty-free zone in the northern hemisphere and the second largest in the world, the so-called Zona Libre de Colon, located at the Atlantic entrance to the Canal and where it is possible to acquire all kinds of products tax free.
Panama is “tax friendly” country where foreign earned income, capital gains, and interest income is not taxed.
The cost of living is low.
Panama currently has one of the Best “Pensionado” (Retiree) programs and has put together the most appealing programs with special benefits for foreign residents and retirees you will find anywhere in the world today. By applying for the Pensioned Visa you will be granted permanent residence in Panama and this program includes several perks and benefits.
Panama is popular location for medical tourism and has a number of US standard health care facilities and services with many US trained English speaking doctors available.
Panama has first class International Schools.
Spanish is the main language but English is spoken widely by most Panamanians.
The temperature is 25-30C degrees (80-90F) all year round.
No hurricanes, no earthquakes.
Panama is safe and secure. Panama has the highest rating for tourist safety from the prestigious Pinkerton Intelligence Agency.
1. GENERAL INFORMATION.
The Republic of Panama is located at the southern end of Central America, bordering with Costa Rica to the west and Colombia to the east, and the Atlantic Ocean to the north and the Pacific Ocean to the south.
2. QUICK FACTS.
Official name: Republic of Panama
Capital: Panama City
Area: 75,990 square km.
Population: 3,191,319 (July 2006 estimate).
Density: 81 persons per square meter.
Age structure: 0-14 years (30.3%), 15-64 years (63.4%), 65 years and over (6.3%).
Median Age: male (25.8 years), female (26.5 years).
Population growth rate: 1.6% (2006 estimate)
Government: Constitutional Democracy, Centralized Republic
Legal System: is based on the civilian legal system, judicial revision of legislative acts in the Supreme Court.
Languages: Spanish (official), English 14% (however, many Panamanians are fully bilingual)
Ethnic groups: mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (west Indian) 15%, white 10%, Amerindian 6%.
Religions: Roman Catholic 85%, Protestant 15%. There is an absolute freedom of religion in Panama; moreover, you can find all kinds of temples of worship throughout the country.
Climate: Panama has a tropical climate with temperatures around 80 to 90 degrees F. (25 – 30 Celsius) and the humidity is usually high. The dry seasons ranges from December to April and the rainy season from May to the end of the year.
Currency: our monetary unit is the Balboa which has the same and exact value as one US Dollar. Traveler’s checks and all mayor credit cards are widely accepted.
Time zone: the time in Panama all year long is the same as the EST (GMT – 5). We do not observe daylight savings time.
