About Panama
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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.
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 deep sea)
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 75 banks including Citibank, HSBC, Scotia Bank, BBVA, Bank of China, Banesco, Banco General, Creditcorp Bank, Capital Bank, Global Bank, Multi credit Bank, Stanford Bank, St Georges Bank, BAC, GNB sudameris Bank…
7 - World class shopping/entertainment
8 - 4 malls, countless luxury shops, restaurants, entertainment and the rain forest within ½ hr drive from capital city (including Gamboa resort).
9 - Free trade zone Large shipping and import/export facilities on Atlantic (Colon) and Pacific (Panama City) side.
10 - Excellent telecommunications system Provided by Telefonica (Spain), Cable & Wireless (UK), Claro (Mexico), Digicel (Jamaica)
11 - Presence of Major International corporations FedEx, ExxonMobil, Texaco, Caterpillar, Kraft food, General Mills, 3M, Continental Airlines/Copa Airlines, Marriott's, Riu, PriceSmart, Dell Computer, Merck, Nestle, Pfizer, Maersk Line Ltd, Alstom, Zurich group…
12 - 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 ?
