Panama is a virtual paradise. With hundreds of miles of unspoiled beaches, beautiful mountain scenery, temperate climates with exotic rainforests and no hurricanes. The Panamanian people are peaceful, friendly and fun-loving.

The population of Panama is around 3 million, one third of which lives in the cosmopolitan of Panama City. The country has a stable and progressive government that believes you are a great asset to be encouraged and supported. It encourages the foreign investor with tremendous benefits including 20 year tax exemption on new property construction and no taxes on foreign income as well as no withholding taxes. The Panamanian currency is the us dollar.

Panama prides herself in asset protection and protecting the identity of their banking clients, making offshore accounts very feasible.

Panama City, the capital of Panama, is regarded as a world class city and is a world banking center, with everything you would expect in a major city anywhere in the world.

Panama offers giant shopping centers with an abundance of choices at very reasonable prices. The cost of living is very low, as much as half of what is usual in North America. Panama also offers world class health and medical care, high speed internet service, and excellent private schools at exceptional prices.

The Panama Canal is strategic to world trade. Plans to widen the Panama Canal in 2010 are expected to take 15 years to develop at a cost of $5 billion U.S. dollars.

It is expected that 80 million baby boomers will retire in the next 5-10 years. With 5% expected to move to a tropical destination, it is anticipated about one million are likely to call Panama their home. Panama is becoming a popular vacation destination or country to retire, making Panama real estate investments very attractive to tourists, retirees and investors. Panama offers an excellent incentive program for retirees, great climate, lower cost of living, lower crime rate and tax advantages. For foreign investors, Panama provides several important incentives which include a US dollar based economy, Free Trade Zone, and international banking, among others.

Together with quality construction at reasonable prices, excellent rental returns, exceptional room for capital growth on investment property, waterfront investment property in paradise and the property tax exemptions, Panama becomes an extremely desirable place to invest in your future.

 Buying real estate in Panama is very similar to the way it is managed in other countries. Most properties have titles or can be titled, title insurance can be bought, traditional mortgages are available and Panama has foreign investor protection laws that guarantee the standard rights of land ownership.

Additionally, Panama’s real estate market has proven to be solid through the years, which is the reason why several international real estate firms such as Century 21 and Coldwell Banker have established franchises in Panama City. Major banks such as HSBC, Lloyds, and Citibank have established franchises as well in order to provide total financial services.

Furthermore, Panama has a global position, direct flights to major cities and technological resources and financial infrastructure, which are a great advantage for many investors.

Panama City has become a cosmopolitan modern metropolis.