 |
WHY PANAMA
Panama has a blessed and very privileged location right in the heart of the Americas, and has become known as “The Crossroads of the World” serving as a hub for international travel, either by air, overland, or ocean, for world trade, personal and business trips. It has also become the country chosen by many as a preferred vacation destination, as well as for investment, retirement or second-home purposes. The many features and benefits that Panama offers include:
- Its very modern and cosmopolitan capital, Panama City, with its state-of-the- art high-rise buildings, shopping malls with top-quality brands, world-class healthcare centers and hospitals with the latest in medical technology, five-star hotels and casinos, fine restaurants with excellent cuisine, modern movie theatres, banks, supermarkets, entertainment, and much more to make your stay enjoyable and pleasant.
- The US Dollar is the legal tender since 1904, thus ensuring stability of the currency, no exchange problems, no devaluation risks, an inflation rate of less than 2.5%, and no restrictions on transferring funds.
- Panama has a much lower cost-of-living than in the US, Central and South America, and enjoys the availability of a very wide range of quality consumer goods and services at very low prices. Retirees residing in Panama also obtain discounts ranging from 10% to 50% on a number of specific goods, services and utilities, as well as import duty exemptions on household or personal goods and automobiles for those relocating to Panama.
- Its democratically elected government is stable as is its rapidly growing economy. Foreigners also have the same rights as nationals. Panama also enjoys a very high rating for safety compared to other countries in the region, an important factor that has also made it the preferred choice for relocating. Renowned magazines such as International Living and Fortune, as well as the American Association of Retired Persons (AARP) have also chosen Panama for investment, tourism or retirement purposes.
- Panama is located out of the path of tornados, hurricanes and major earthquakes which means freedom from worries of loss of homes and properties. Panama has only a rainy season and a dry season, the latter running from December to April.
- Panama has become a paradise for baby boomers, and has experienced an influx of many others who have also chosen the country as their second or retirement home. Many have found Panama to be ideal, being able to purchase luxurious homes in the city with all its conveniences at hand, or equally beautiful homes in the mountains enjoying the tranquility and the much cooler climate of the highlands, or beachfront homes overlooking the Pacific or Atlantic oceans. All of the homes come with the amenities and conveniences they are accustomed to having, but most importantly, at much, much lower prices than in the US or other countries, to the point that many owners are able to have both city and beachfront homes.
- It has an international banking center with over 80 banks serving customers around the world. Panama is also an international communications center offering broadband fiber optics technology, Internet, and call centers for local and international customers. It also has the Colon Free Zone, the second largest international free trade zone in the world moving millions of dollars worth of goods annually, and is often sought by large international companies interested in establishing operations in the area.
- With its boom in real estate, Panama offers great investment opportunities in that field in addition to many other businesses that provide excellent returns on investment.
- Panama is also a paradise for birdwatchers as there are more than 900 species of birds. There are also exciting activities such as river rafting, kayaking, fabulous beach and golf resorts, horseback riding, rainforests, canopy tours, mountain excursions, world-class deep-sea fishing, sailing, scuba diving, snorkeling, surfing and much more.
- It is also the home of the Panama Canal for which it is known internationally, serving hundreds of cargo and cruise ships. Its major water reservoir is the man-made Gatun Lake, and in addition to its prime purpose of supplying the Canal with water, it is also a fisherman’s paradise as it abounds with peacock bass, tarpon and Snook that promise exciting moments for those who love this sport that can be enjoyed at Gatun Rainforest Lake Village.
- Panama is only a less than 3-hour flight from the US, which makes it easy and convenient for traveling back and forth to the US as there are several daily flights to and from Miami, New York, Los Angeles and other cities. And from Panama’s Tocumen International Airport, it’s only a 20-minute drive to the capital, Panama City.
|
So come to Panama and learn more about its history, the beauty of its folklore and handicrafts, architecture, high-rise buildings, mountains, beaches, entertainment, gated residential communities with all amenities and comforts you could ever want, and much more. Panama is waiting to welcome you.
|
|
