 About Panama
The Panama Advantage
Panama is the ideal offshore jurisdiction and a great place to live. Panama has excellent asset protection, offshore corporation laws and the largest banking sector south of Miami as well as an American style infrastructure.
Panama offers:
- Reliability and efficiency not found in other Latin American countries;
- A stable economy, with the US dollar as currency;
- Unparalleled retirement ammenities
- Favorable offshore banking laws;
- Prime real estate opportunities
- Government investment incentives that offer advantageous tax rates and fees for entrepreneurs;
- Tropical weather and a diverse geography from mountain ranges to tropical islands, from a booming metropolis to vast jungle;
- Conveniently located at an easy travel distance from North America
 Panama enjoys a stable, democratically elected government.
Panama's economic performance is, year after year, better than nearly every other Latin American country. For 40 years Panama's inflation rate averaged less than 2% per year, unheard of south of the US. In 2006 annual growth is projected to be almost 8% and judging from the number of building cranes dotting the skyline it is not difficult to see why. The Dollar as the Currency: Panama has the US dollar as its currency- a great convenience and the dollar as currency is a major contributing factor to the fact that Panama has the lowest inflation rate and the most stable economy in Latin America.
When compared with its neighbors Panama has more amenities than traditional retirement in Mexico or Costa Rica -- but costs and crime rates are far lower. The Panamanian government encourages retirees to retire here. Retirees receive many benefits and discounts. To qualify for a retiree visa the only requirements are a proven monthly income of $500, a health certificate, and a police report.
Some of the Benefits for Retirees:
- 50% off entertainment including movies, concerts, theater etc.
- 25% off restaurants
- 50% off hotel accommodations Monday- Thursday.
- 30% off bus, boat and train fares.
- 25% off domestic airline tickets.
- 10% off prescription medication.
- 15% off dental and eye exams.
- 50% off closing costs for home loans.
 Panama currently is one of the better places in the world to invest in real estate. Panama has been discovered but there is plenty room for a lot more property appreciation and therefore this is an ideal time to position oneself in the real estate market here. Recognizing that tourism and foreign retirees will create the jobs the country badly needs, the government has implemented plans to make Panama one of the most investor-friendly governments anywhere. Foreigners who purchase property in Panama benefit from the same rights as Panamanians.
Panama’s location and climate offer a spectacular opportunity to experience some of the most beautiful sceneries that nature has to offer, ranging from the complex sounds of the tropical forest to the beauty and tranquility of a desert, and even more relaxing is the crashing of the waves in one of our marvelous beaches, where you can bond not only with nature, but with the people who have been in that area probably for hundreds of years.
In Panama, you will never feel far from home. Located in Central America, Panama is an easy destination, just a 4 hour flight from the States, there are non-stop daily flights to Miami, Atlanta, Houston, Newark, Los Angeles, New York, and Orlando served by Delta, Continental, American and Copa Airlines. From Canada, AirTransat has a weekly Charter flight out of Toronto.
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