Place to Invest

Panama’s currency is the U.S. dollar which makes investing in the country easy. The country offers some of the very best banking and communication services in Latin America.

Panama has a wealth of business opportunities awaiting creative hard-working entrepreneurs. You can run a global business by using Internet access, fax machines and cell phones.

A business may be started for far less than in the United States. Wages are very low when compared to U.S. standards. Furthermore, tax incentives and a government which encourages investment contribute to a propitious business climate. As more and more foreigners move to Panama and tourism grows there will be an increasing need for travel related business and American products.

With the new millennium upon us, a shrinking world due to better communication, a burgeoning global economy—possibilities are unlimited for doing business in Central and South America. Trade pacts between Central America, U.S., Mexico and South America will be a reality by 2005. They promise to link all of the nations in the hemisphere in to one trading block. Panama is sure to be an excellent base of operations.

Most of Panama’s 130 banks offer a high degree of secrecy. Panama is a time-proven business and tax haven. Passive investors will find CD's in Panamanian banks. There is NO tax on interest earned from bank accounts for locals or foreigners. Furthermore, there are NO corporate of personal taxes on offshore activity.

Word is getting out about Panama as an investment and banking haven. And that’s why now is such a good time to invest. The Adventure of Starting Over 

Some move to Panama to start over and seek adventure in an exotic land. They are tired of dead-end jobs or the rat race and want new challenges, a chance to pursue their dreams and achieve greater personal growth. As an expat, you have the challenge of immersing yourself in a new culture and, if you choose, the rewards of learning a foreign language.

Newcomers will make friends easily because foreigners gravitate towards one another. One Florida transplant told us he had lived in Florida for 20 years and hardly ever had contact with his neighbors. He claims not to be the most sociable person in the world, nevertheless he has made over a hundred friends while residing in Central America. He proudly says, “Everywhere I go I bump into people I know.” Adjusting and Keeping Busy 

Adjustment to a new way of life can take many months. However, an open mind, a positive attitude and a willingness to seek out new experiences can make the transition relatively painless.

Central America, especially Panama and Costa Rica, has come a long way in the last decade. Satellite and Direct TV, private mail service and the Internet make it easier to stay in touch with family and friends in the United States and keep up with what is going on all over the world. If you don't own a computer, you can go to an Internet café.

Panama’s modern technology has made life easy for foreign residents. In most areas of the country you can get cash at a local ATM, manage your investments online and read almost any major newspaper in the world the day it comes out.

You will never be bored here unless you choose to be. Panama has something for everyone. This little know country offers a real paradise for the nature lover with its uncrowned beaches and mountains, the fishing enthusiast and water sports fanatic as well as the retiree. You can find hundreds of interesting activities: movies in English, support groups, computer and bridge clubs. You name it, and Panama has it.

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