Why Panama?

Whether you are intending to buy a vacation/second home, retire as an ex-pat, or are simply considering an investment property, look at the benefits that Panama offers:

Panama: Actively attracting foreign investment

To add new life to the country's economic development, the Panamanian government has put in a raft of world-class incentives, specifically designed to attract foreign investment, including investment in real estate.

US-style infrastructure

Panama has US-style infrastructure, and the US dollar as its official currency. Also, the cost of living in Panama is currently between one-third and one-quarter of that in the US. It is a similar saving when looking at the more developed countries within Europe.

The Panama Canal and the USA

America has a long and enduring relationship with Panama dating back 100 years and the building of the Panama Canal. The US and Panama remain strategic partners in the region. The two democratic countries share a common currency in the American dollar - a legacy of the US's significant presence in Panama over the past century.

First-world infrastructure

Today, Panama City is a thriving, modern waterfront capital, among the most advanced in the hemisphere. Panama has a first-world infrastructure including a U.S.-style capital city with high speed Internet, top quality hotels, restaurants and shopping. The highway infrastructure, medical care, telecommunications and business services are excellent comparable to the U.S.

Update: Cable and Wireless recently won the bid for controlling interest of INTEL, the government phone company, with a bid of $625 million. Cable and Wireless subsequently announced that they would invest an additional $572 million over the next five years to expand and modernize the existing system.

Major financial institutions from 35 countries

An international finance center, Panama is the second leading offshore banking and asset protection haven in the world, trailing only Switzerland. Major financial institutions from 35 countries from throughout North America, Europe, Latin America and Asia have a presence in Panama.

No exchange controls

As one of the world's top offshore investment centers, Panama places no exchange controls or restrictions on the movement of money into or out of the country. It is legal and straightforward to form anonymous corporations in Panama.