Where Dreams Become Reality
Where is Panama?
Panama is the most southern country in Central America. It is snuggled between Costa Rica on its western border, Colombia (South America) on its eastern border, the Caribbean Sea to the north and the Pacific Ocean to the south.
It is also referred as the bridge between South America and Central America due to its bridge-like shape.
Image Source: Country Watch
Introducing Panama
Video Source: Jennifer la Rocca
Is Panama Calling Your Name?
Hear Directly From The Experts. No Sugar-Coating.
What You Will Learn:
Confirm which visa option is the right option for you...
Which area in Panama will support your lifestyle the best...
How do you move my household goods to Panama...
How do you bring your pets to Panama...
Healthcare overview and Health Insurance options...
Overview of the property market in various areas in Panama...
What are your tax implications in Panama...
How to start a business in Panama...
Listen to the good and the bad from expats who have done it before you...
And much, much more...
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Open for Business
Panama is ranked 2nd in the Open for Business sub ranking of the US News and World Report.
Choose Your Lifestyle
City Lifestyle
Enjoy the vibrant city life in Panama City with restaurants, bars, cultural events, shopping and sport events. All amenities you need are close by and accessible.
Island Lifestyle
Enjoy the peace and quiet of an island lifestyle in one of nine inhabited islands in the Bocas del Toro archipelago, any of the 200 islands forming the archipelago of the Pearl Islands or Taboga island in Panama Bay.
Beach Lifestyle
Walk or horse-riding on the beach, surf or wind-surf, snorkeling or any other water sports is what you're after then beach lifestyle at Panama city beaches, Pedasi or Puerto Armuelles can be just what the doctor ordered.
Mountain and Nature Lifestyle
If you prefer the tranquility of the mountains, rain forests, mountains rivers, and hikes then you will be heading to the quaint villages of Boquete, Volcan, Santa Fé or El Valle de Anton.
Top 9 Reasons Why People Are Coming To Panama?
First Class medical facilities. Punta Pacifica Hospital is affiliated with John Hopkins Hospital in the USA. Doctors speak English. Panamá is very popular as a medical tourism destination for major procedures.
Dollar is used a legal tender. Earn investment income in a first world currency without the cost of living of a first world country.
Many exotic destinations at your doorstep to explore. Within 2 to 3 hours you can relax on the beach in the Caribbean or experience a weekend getaway in any of the many exciting destinations in South or North America.
Children enjoy a quality education at one of the many international schools but in a more relaxed environment.
Love the outdoors and nature. Go surfing, kayaking, hiking in a rain forest or go for a stroll on the beach – before breakfast.
The welcoming Panamanian culture / society will make you feel welcome and fit in right away. It is a place where strangers still greet and smile at each other when passing on the street.
More spending money in your pocket to support your lifestyle because no local taxes are payable for foreign based income
Pensionado discounts are by law given to all pensioners who qualify by age. Discounts include 50% off entertainment, 25% off national and international flights, 30% of public transport, 25% off utilities, 25% off restaurants, etc.
Easy to keep in touch with your loved ones or run your business from home utilizing the high connectivity IT infrastructure.
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Vibrant And Robust Economy
Dollar Based Economy
2nd Largest Free Trading Zone in the World
Regional Head Offices for 140+ Multi-National Corporations
Investment Grade Credit Rating from all Three Rating Agencies
Home to 84+ International Banks (9% of GDP)
Economic Indicators
GDP Growth since 2003 (Covid -17%)
Annual Inflation Rate (CPI)
Unemployment Rate
Major Infrastructure Projects
5 New Metro Lines and 3 Tram Lines
Panamá plans to have 5 metro lines and 3 tram lines. The 2nd metro line has opened in April 2019 and connects the Tocumen International Airport. The third line will cross the canal and has already been approved.
4th Bridge Across the Canal
The 4th bridge to cross the canal has been approved. It will have 6 traffic lanes and 2 metro lines for the 3rd metro line.
High-speed Rail Link - Panama City to David
A $4.1bn 391km high-speed rail link between Panamá City and David (50km from the border with Costa Rica) will be build with China's assistance. The link will turn a 7 hour journey into 2.5 hours.
New Copper Mine will Add 3% to GDP
At full production (2023), production will surpass 900,000 tonnes a year, placing it among the world’s top six copper producers. Expected to generate around $2 billion worth of annual exports during its 34-years of life.
Panamá Canal Extension
The Panamá Canal Extension was completed in June 2016. It allows for neo-Panamax ships to pass through canal. The canal accounts for 6% of world trade that passes through the canal.
Tocumen International Airport Expansion
The new terminal at Tocumen International Airport opened in April 2019. It increases the number of boarding gates to 54 – up from current 34 gates and the airport can now handle 25m passengers p.a. - up from 15m passengers currently.
New Cruise Liner Terminal
A new cruise liner terminal, on the Pacific side of the canal at the Fuerte Amador Causeway, was officially opened/inaugurated on May 20, 2019.
New Panama Convention Center
The new Panama International Convention Center has opened it's doors in 2021. The facility sits on 13,8 hectares and includes 61,175 sq.m. of configurable and contiguous spaces. It also includes an outdoor amphitheater, a performing arts center, a grand ballroom, an atrium and a capacity for 25,000 guests.
The Retirement Destination of Choice
The International Living’s Retirement Index ranks Panamá at No.1 in the world as the best place to retire in 2022, according to expats from the United States who have already made the move.
Yahoo Finance has ranked Panamá as the no 1 choice for retirement in 2020. It says ”Panamá has it all: bustling city life; a beautiful, ecologically diverse climate; quality medical care; and the iconic Panamá Canal. Most people speak English as their second language, after Spanish.”
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