Panama
has ranked #1 in International Living’s Annual Global Retirement Index…
for five consecutive years! Panama has it all. A cosmopolitan capital,
Panama City offers style, modern infrastructure, safety and the second
largest free zone in the world. Virgin rainforest, lush mountains and
miles of beautiful beaches are all found in Panama. To top it off the
U.S. dollar is the currency. Read more on Panama's Statistics...
There
are many reasons to invest in Panama. In fact, even Mr. Trump has a
$260M real estate project in Panama. As well, Mick Jagger, Mel Gibson,
Madonna and Bruce Willis are all rumoured to have bought property in
the Azuero Peninsula, Panama. There are excellent opportunities to
retire in Panama and to invest in Panama. Read more on What the Press is Saying about Panama. There are so many reasons to invest in Panama!
We
have compiled a short list below from A to Z as to why we think Panama
is a great place to invest in real estate and why we have chosen to
make the Azuero Peninsula, Panama our home.
Affordable and exotic destination. Panama
is just starting to promote itself as a tourist destination so its
prices are some of the best on the market. The cost of living – rent,
homes, utilities, transportations, food and services are well below
North American and European prices. Click Herefor Statistics on Panama.
Beaches! Panama has a wide selection of beaches and island venues. With two coasts, the Caribbean and Pacific, and more than 1000 islands, There is alot of beachfront in Panama to choose from. The Azuero Peninsula, Panama boasts some of the best beaches - literally stretching for miles.
Climate
- With temperatures ranging between 75-85 degrees year round (25-30C)
and it cooling down nicely in the evening, you will be comfortable in
Panama. The dry season runs from December thru mid-May and the green
season is the remainder of the year. Despite more rainfall in these
months the sun usually shines every day in Panama.
Driving in Panama is like no other Latin American country. With one of the best infrastructures in Latin America,
the Panamanian highway is excellent as are the main highways to a
variety of popular destinations, including Pedasi, Azuero Peninsula.
Eco-Tourism is hot! Panama is the best place for Eco-Tourism with the most accessible pristine rainforests in the world. Panama boasts over 10.000 plant species, 1,000 types of tress and 1,500 butterflies. Panama’s
biodiversity is outstanding. National parks in Panama cover 5,000,000
acres and have over a 1,000 recorded bird species – more than Canada and the U.S. combined. Panama has one of the most wonderful eco-systems in the world with national parks that cover ¼ of the entire country.
Financial Sector is Strong! ATM machines give access to US account with many locations in Panama City and throughout the country. Panama has a sophisticated banking sector comprised of 90 different banks. In fact, Panama is home to the second largest international banking centre in the world next to Switzerland. Panama has the most modern and successful international banking centre in Latin America. It also is the second largest home to offshore Corporations in the world, with only Hong Kong having more. Panama has over 400,000 corporations and foundations registered and offers favorable and flexible incorporation laws.
Geographical position of Panama is unique. Panama has no hurricanes or major earthquakes and is the only country in Central America that is hurricane free. Your investment is safe in Panama.
Health - Your health is in good hands in Panama.
It is one of the best places for world class medical treatments at
affordable prices. You can get medical treatment utilizing the same
techniques, facilities and medications as in the U.S.
and many doctors and dentists speak English. Health insurance policies
are very reasonably priced. Johns Hopkins International Medical Centre
only location in Latin America is in Panama. In fact, the only other country in the world outside the U.S. to house a Johns Hopkins is in Singapore. You can even drink the tap water in Panama, which is a rarity in Latin America.
Infrastructure
of a First class nation! Panama City is a cosmopolitan city with high
speed internet and a sophisticated banking sector. Panama
has first rate hotels and excellent restaurants offering a wide variety
of cuisines. The highways, infrastructure, medical care and business
services are all excellent. Panama
has the highest level of communications and infrastructure for phone,
fax, internet and cellular communications in all of Central and South America and the Caribbean.
Jackets, Shoes, Skirts! Panama
is a Shoppers Paradise! Whether you are looking for fashion,
electronics or automobiles, panama has it all! Not only will you find a
great selection but usually with better prices than you will often find
at home. Panama has 4 Costco’s (Price Mart) and large “El Rey” grocery stores where you can find most everything.
Kids? If you are looking for a school for your kids, Panama has many excellent private schools to choose from. Panama also has 3 American accredited schools; InternationalSchool, Oxford International and Balboa Academy Language.
Language
- Spanish is the official language in Panama however English is widely
spoken throughout the country, especially in Panama City.
Mountains, exotic rainforests, beaches, Indian cultures, historic sites, golf, rafting and more. Panama has many attractions in close proximity. A visit to Isla Iguana and Isla Canas in the AzueroPeninsula is a must!
Near North America. Panama is only 4-5 hours from the U.S with daily flights from LA, NY, Newark, Miami, Houston and Orlando. Canada has weekly flights from Toronto and Montreal to Panama City and more flights continue to be added, making it easy to travel to Panama.
Ownership of a home in Panama is at unbeatable prices! Foreigners can buy and sell Panamanian property legally
and easily and are protected by exactly the same rights as Panamanian
citizens. Real estate in Panama City and throughout Panama is available
at reasonable prices.
Panamanians are amongst the friendliest people you will ever meet! Peaceful and fun loving is the Azuero Peninsula at its core, Panama is home to immigrants from all over the world and English is widely spoken.
Quality
construction in Panama. Homes are well built and tastefully designed
with many new condo's in Panama City. Panamanian architects attend U.S. construction and industry conventions to keep current and up-to-date with the latest construction styles.
Retiree incentive program is one of the best in the world. Benefits of retiring in Panama include
discount air travel, eye exams, movies, restaurants, hotels and MORE!
Retirees can even bring down all household goods to Panama tax free! In recent years
Safe – Panama has a very low crime rate in general and has the highest rating for tourist safety from the prestigious Pinkerton Intelligence Agency.
Taxes. There are NO property taxes on new construction in Panama and in some areas such as Casco Viejo in Panama City building are exonerated from taxes for life.
U.S$
is the national currency. This is a great convenience as there is no
need to change dollars in Panama. Officially the currency is the Balboa
however it exists only in coinage and is identical in size to the U.S. coinage. Panama does not print Balboa bills but instead uses American paper currency. The currency also helps explain why Panama has such a low inflation rate and is the most stable economy in Latin America. Panama experienced less than 2% inflation increase over the past 40 years; some of the lowest known.
Variety – Panama City
offers plenty of it! A cosmopolitan city with a combination of historic
and ultra modern it is known for its lively nightlife with a wide
variety of discos, pubs, nightclubs and casinos.
World class Sport fishing – PinasBay alone holds 250 world fishing records and there is excellent sport fishing in the AzueroPeninsula where you will find the "tuna coast".
Xtreme Diving - Panama boasts excellent diving, with 7 fantastic diving spots including CoibaNational Park, PearlIslands, Isla Iguana, Bocas del Toro Archipelago and the Panama Canal.
Yachting destination – Panama is ideal!
Zone – Panama has the second largest free trade zone in the world. The Colon Free Zone is a gigantic entity at the Atlantic gateway to the Panama Canal. It is dedicated to re-export a huge variety of merchandise. You can find everything in Panama!
