Panama is more than just a Canal…it is definitely way much more! The Republic of Panama is a cosmopolitan metropolis with a great biodiversity of nature where you can find a mix between tranquility and a well developed city.
In fact, Panama is a paradise to invest, to enjoy, to shop, a paradise of service, of friendly people, with seven ethnic Indian groups that still conserve their millenary traditions, with a Canal serving the world in between two oceans, a Canal considered to be the eight wonder of the world, with a variety of the most famous international chains of hotels, convention centers and a sustainable ecology in development, Panama is this and way much more!
Panama is considered to be in the 3rd position for “best place to retire in the world”; The Republic of Panama is also considered to be the best place to live outside the United Estates. This is according to the renowned “International Living” magazine and experts that promote the life style of US citizens retired in foreign countries. The “American Association of Retired Persons” a magazine for retired people, has also considered Boquete and Chiriquí in the Republic of Panama to be one of the four best places to have a home outside home. This rating was given after ten key indicators that included security, beauty, costs, climate, political stability and others.
Everything is relatively close and accessible in the Republic of Panama “Center of the World and heart of the Universe” counting with direct flights from the United Estates, Europe, Asia and Latin-American, with more than 150 private banks, business centers where you can buy or sell any type of product at the best international prices. Panama is a commercial empire!
The Free Trade Zone (Colon City) in the Republic of Panama is the second most important trade center of the World after Hong Kong. This position is given since Panama has the best route or shortest from the Pacific to the Atlantic Ocean to move global trade. For these reasons, the Republic of Panama offers a great variety of Malls (Multiplaza, Multicentro, Los Pueblos and others) and duty free shopping centers with an excellent relation between quality and price where you will be able to experience the best shopping of your life!
INVESTING IN THE REPUBLIC OF PANAMA:
When you buy in the Republic of Panama, you will find more amenities than in other retiring heavens such as Costa Rica, the costs are simply lower as well as crime rates. In the Republic of Panama you will find less bureaucracy and less interference with the local authorities when is about investing.
The Republic of Panama is one of the most globalize countries in Latin America. Panama is also a member of the (OMC) which stands for “Organización Mundial de Comercio” or “World’s Commerce Organization”, it is also part of the (ALCA) “Area de Libre Comercio de Las Americas” or “Free Trade Sector of the Americas” in which the Republic had the privilege to be the convention center for 2 years in a row (2001 & 2003) and has already started negotiations to be part of the (MERCOSUR) and (APEC).
You would not require special permits or inscriptions previous to your investment in the Republic of Panama. The Law of Stability of Investment (1998) protects all foreign investors from any change on taxes, the 10 year labor laws and other costs after an investment has been registered.
The Republic of Panama has proportioned various ways to incentive foreign investors which include;
* A US dollar based economy.
* Low inflation rates without risk of currency changes
* Total absence of exchange controllers
* Same treatment to foreigners and locals
* One of the most flexible countries in the world
* No restriction to foreign owned corporations
* No restriction to fusions, acquisitions or corporations of shared risk
* An existing Free Trade Zone
* A large percentage of bilingual labor force
* The Republic of Panama is nominated #1 in the region for low cost of living and low
operational cost from the Tripartite Committee which consists of the Latin American and Caribbean Economic Commission (ECLAC), the American Estates Organization (OAS) and the Inter-American Development Bank (IDB).
The Republic of Panama is totally covered by the OPIC, MIGA, IDB and other multilateral entities.
The Politic Risk Service (PRS) named the Republic of Panama to be one of the three countries in the hemisphere with best qualifications for investment. Check the website to get more information: https://panamatours.info/