Panama
Panama with its strategic location and the existence of the canal make Panama a great proposition for investors. The weakened US economy bodes well for Panama, with the national currency the balboa on par with the dollar. This ensures economic stability and is also cited as one of the reasons for the exceptionally low inflation rate in Panama.
Panama is fast becoming recognised as a very strong place to invest your money offering a wide range of investor opportunities from the City to mountain retreats.
Panama boasts national parks declared biosphere reserves and world heritage sites as well as forests with the richest variety of flora and fauna in the world, where you can find more than 10.000 varieties of plants and 1000 species of birds.
Panama offers both a vivid and colourful submarine world in the Caribbean waters and the vast and mysterious Pacific Ocean full of great marine species. Panama is also an anglers paradise, where you can enjoy all types of fishing, from fly-fishing to the great Marlin. Shopping is a must with the tax free zone and all international and national prestigious brands available.
A great deal of Panamas economic success is due to its advantageous geographic location, as well as its International Banking Center, The Panama Canal, a free trade zone and its potential for tourism development. The Panama tourism institute forecasts that for the next four years over 6 million tourists will have visited Panama.
Why invest in Panama?
- International Monetary Fund (IMF) rates it as the fastest-growing economy in Latin America
- Tocumen International Airport, now under expansion to cater for 38% increased operation and yearly passenger growth of 15%
- Potential capital appreciation of up to 20% per annum
- Rental yields of approx. 8%
- The Colon Free Trade Zone (CFZ) is the second largest in the world
- New homes are exempt from tax for 20 years
- Favourable tax regime and numerous government incentives for investors
- Billions of dollars into this country
- Low cost of living and high quality of life
- Solid and growing economy
Developments in Panama
Panama Country Guide