Hundreds of miles of beaches, mountain scenery, and temperate climates are what you can discover in Panama.
Local currency is U.S, dollars offering excellent exchange rates and stable currency
One of the lowest crime rates worldwide it has the highest rating for tourist safety
One of the fastest growing destinations in the world
English is the second language
Average climate is 27 degrees all year round
Exceptional tax benefits for investors and foreigners
Good access from Canada, U.S. and Europe by plane
Panama City is the capital and largest city. It is a world banking center, with countless shopping areas, restaurants of all kinds, and everything you would expect in a major city anywhere in the world.
Panama makes retirement relatively easy for foreigners.
Some of the best retirements benefits in the world. Proof of retirement income of $1000 a month, with $250 more for each dependent, will allow you to apply for residency.
Panama is one of todayâ€™s fastest-growing retirement areas in the Western Hemisphere; it is one of the most globalized countries in the world; Panama is part of Latin America, which is the Retirement Home of Baby Boomers. residential tourism business has made its construction industry grow by more than US $800 million during recent months; and the gross domestic product statistics are impressive.
Panama is a low tax jurisdiction, where the use of asset protection, tax planning and wealth and estate planning is a very common agenda for professional attorneys, accountants, private banks and investment advisers.
Offshore accounts very feasible as Panama prides herself in protecting the identity of their banking clients
American style infrastructure.
Cost of Living very low. About half of what we are used to.
No natural disasters, no hurricanes no earthquakes
Panama city is a world class city
Over 80 offshore banks
Trade free zones
First class health and medical care
Large shopping centers with an abundance of choices and very reasonably priced
High speed internet service
Excellent private schools at exceptional prices
Panama Canal is strategic to world trade
Panamanian people are peaceful, friendly and fun-loving
Plans to widen the Panama Canal in 2010, expected to take 15 years to develop at a cost of $5 billion US dollars
Expected that 80 million baby boomers to retire in the next five to ten years. 5% are expected to look to retire in a tropical destination. That relates to about 4 million people. At least one million are expected to call Panama their home in a country where there presently resides a population of about 3 million people.
Booming construction in the housing industry
Residential tourism business has made its construction industry grow by more than US $800 million during recent months; and the gross domestic product statistics are impressive.
In Panama, it is perfectly acceptable to transfer properties and funds to Panamanian corporations. These corporations can be placed under the umbrella of a private foundation, which is a tailor made, asset protection, living will with legal personality.
In Panama, there are no withholding taxes on savings bank accounts, securities investment earnings or stock exchange capital gains. Profits received in Panama from money invested outside of Panama, is tax-free.
Low income tax
Panama is only 37 miles at its narrowest point to 110 miles in width. You can watch the sun rise and set over the Pacific coasts or over the Caribbean coasts. Or why not watch the sun rise over one ocean, cross the isthmus, and watch the sun set over the other?