Panama is considered an attractive destination for expats, retirees, business people, entrepreneurs, and even digital nomads who call Panama home for part of the year. Some live in Panama City, some at the beach, and some rarely visit Panama. Still, they all share benefits and incentives the Panamanian government has put in place for Panama investors from all over the world. Opportunities exist from high-rise luxury condos to studio-apartments, and construction is taking place everywhere as new condo towers keep rising all over Panama City.
International Living magazine ranked Panama the world’s best retirement haven on its 2019 annual list. In Panama, it’s straightforward to get a Panama retirement visa. Retirees living in Panama enjoy lots of discounts and exclusive perks. The healthcare facilities are excellent, and first-class local health insurance is a bargain.
Panama stands out among the world’s expat destinations because it offers reliable infrastructure and first-class amenities. Panama expat community enjoys a fabulous lifestyle at an affordable price for those looking for a country with an inexpensive Panama cost of living. It is one of the most diverse countries in the world, with a unique wild and untouched nature, deserted tropical islands and beaches, along with the modern cosmopolitan capital city, a skyline of Panama skyscrapers, impressive office buildings, condo complexes, unique Panama City nightlife, 5-star hotels, and international restaurants with incredible views of the Bay.
Panama’s personal and corporate taxation approach makes starting a Panama business much more rewarding than anywhere else. Panama’s economy is growing every year, and infrastructure projects encourage foreign direct investments. As a result, many foreign entrepreneurs incorporate their companies in Panama. This straightforward procedure takes around two weeks, no bureaucratic tape, no necessary to be in the country during the process. One reason to register a business in Panama is its territorial tax system, where the income obtained outside the country is free of income tax.
Panama has one of the fastest-growing economies in the world and the fastest-growing market in Latin America. Panama is a major international commerce and banking hub, home to giant multinational companies and organizations. The country’s crucial geographic position, and the significance of the Panama Canal, place this destination as an essential point on the world map. Panama’s economy is robust, stable, and steadily growing, among others, due to the canal and the massive amounts of wealth that move through it.
After a recent visit to Panama, The International Monetary Fund (IMF) concluded its trip with a formal statement: “Panama remains one of the most dynamic growing countries in Latin America.” GDP growth in Panama has exceeded that of every other country in the Americas over the last three decades. Its stable politics, dollarized economy, strategic location, and Panama business-friendly environment continue to make it a magnet for foreign investment.
Despite the small area of Panama, its ecosystems are reflected in its astonishing terrestrial and marine biodiversity. Tropical Panama territories are home to some of the most exotic plants and endangered and protected animals. Covering almost half the country’s land surface are vast rainforests, amazing green landscapes, breathtaking waterfalls, and mountain cloud forests. It has hundreds of tropical Panama islands, long Pacific and Caribbean coastlines with stunning Panama beaches, white sand, and bright blue water.
For more information