Why live or invest in Panama?
Why live or invest in Panama?
1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.
2 - Strategic geographic location, privileged and free from natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.
3 - International banking and finance center: strong banking system - in the last 20 years, mergers, transformations and incorporations of new banks have regulated and redimensioned the sector. Panama is today one of the most important financial centers in Latin America and the world.
4 - Territorial tax system that exempts any revenue obtained outside the country from tax, constitutes the main attraction for companies and private individuals from all over the world to find a tax solution in the country.
5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners with respect to property, investment and trade.
6 - Excellent quality of life and safety. It is among the world's cities with the highest quality of life, in addition to being one of the five best places to retire in the world.
7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.
8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.
9 - The Panama Canal allows more than 5% of world trade to pass through it, with 160 client countries and 144 maritime routes, obtaining great profitability and attracting investors from all over the world, particularly in the real estate sector. GDP is expected to grow by almost 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, fueling the growing demand for real estate.
10 - Tocumen International Airport: the largest and busiest airport in Central America, with flights to 89 destinations.
11 - Stable real estate business - Investing in real estate quoted in dollars remains a safe investment bet. The real estate industry offers a wide range of projects with a price/quality ratio well above the average and with great growth prospects.
12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners residing or investing in the country, among which the Friends Countries Visa stands out, with privileged conditions for access to Panamanian residence and citizenship: Africa do South, Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Cyprus, South Korea, Costa Rica, Croatia, Denmark, Slovakia, Spain, United States of America, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Norway, New Zealand, Netherlands, Paraguay, Poland, Portugal, United Kingdom, Czech Republic, Serbia and Montenegro, Singapore, Sweden, Switzerland, Taiwan, Uruguay.