Below are 10 reasons why Panama
is one of the fasting growing investment
and retirement destinations in the world!!!
Two Coasts: You have
the opportunity to live on either coast
and can actually swim in one ocean one
and day and another the same day. Both
coasts are beautiful and whatever you
want there is always some piece of paradise
waiting for you.
Great Weather: There
is a variety of climates within Panama
and there will always being something
for everyone. Like cooler climates then
try the Boquete area, if you like crystal
clear Ocean try the Pear islands of
the Caribbean Islands, whatever you
want Panama has it all.
Safety: Low crime
rates throughout the country and high
literacy rates makes Panama an educated
country. The Police are trained well
and can be seen throughout the country,
you will always feel safe.
Affordable: There
are no taxes for residents on foreign
earned income!! There is no property
tax for retirees until a home is sold,
and a 20-year exoneration from taxes
on new homes. Panama also hosts one
of the busiest canals in the world and
therefore goods are cheap and numerous.
Beautiful: The countryside
offers great views and the mountains
are very picturesque, whereas the city
is metropolitan and has great culture
and architecture.
Feels not too far from home:
There are a number of foreigners in
Panama and you will never be too far
from your English speaking neighbor.
There are over 15,000 Americans and
over 10,000 Europeans. Many Panamanians
speak English and the infrastructure
with regards to roads and hospitals,
etc is just like home!!!!
The US Dollar: Because
the currency is the US Dollar (sometimes
called the Balboa) there is no inflation
or currency exchanges to worry about.
Banking: Panama is
one of the busiest banking centers in
the world and such banks as CitiBank,
HSBC, BAC and many many others are in
Panama City. These banks welcome foreigners
looking to bank with them and loan from
them.
Diversity: Due to
the Canal labourers and all the ships
visiting Panama it truly is a melting
pot. Latino, Japanese, Chinese, American,
Canadian, European, Jewish and Arabic
last names are common in the Panama
telephone book.
High Tech: Compared
to the rest of CEntral America Panama
due to its business importance is highly
advanced when it comes to Internet,
Phones and TV and everything else you
can think of. There is no waiting weeks
for installs, there is no manana attitudes.
Hope this has given you even more of
a reason to want to come to Panama!!