Why Panama

" Known mostly for its canal, Panama is, in fact, an undiscovered tourist paradise "
Boston Globe.
"Panama stood apart (from Central America) sustained by its canal, banks and free-trade zone" The Economist.
"Panama ranked 4th best retirement destination in the world*"
Modern Maturity (largest consumer magazine in the world). May/June 2001.
* after Costa del Sol/Spain, Cinque Terre/Italy, Provence/France.
"Safest place in Central/South America" Pinkerton Global Intelligence Agency.

LA Times, NY Times, National Geographic, CNN, E! have also praised Panama for warm, inexpensive and adventurous place to retire and live.
Here's why:

1 - Ideal geographical and weather conditions:
Average T: air 30c - 86F, water 27c - 81F
No hurricanes, active volcanoes, earthquakes
Beautiful mountain, beachfront and island property
Over 1,200 islands
Great fishing (fresh water or deepsea)
2 - Privacy advantages
3 - Tax incentives:
Retiree, tourism and reforestation programs.
4 - Stable democratic political system (no military)
that promotes foreign investment
5 - Stable economic country:
US dollar legal tender since 1904
Virtually no inflation
6 - World class banking:
Over 80 banks including Citibank, HSBC, Lloyds, BNP/Paribas, Dresdner.
7 - World class shopping/entertainment:
8 - malls, countless luxury shops, restaurants, entertainment and the rain forest within ½ hr drive from capital city (including Gamboa resort).
8 - Free trade zone:
Large shipping and import/export facilities on Atlantic (Colon) and Pacific (Panama City) side.
9 - Excellent telecommunications system:
Provided by Bellsouth (USA) and Cable & Wireless (UK)
10 - Presence of Major US corporations:
FedEx, ExxonMobil, Continental Airlines, Marriott, PriceSmart, Dell Computer.
11 - Availability of reasonably priced labor and materials.

PLUS: In Panama, there is little red tape involved in taking up residence, buying real estate or starting a business.

How to get there

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