Panama's investment and business climate is currently one of the best in Latin America. It is attracting a full range of investors from Fortune 500 companies to entrepreneurs. Why? An investment in Panama allows you to achieve long-term stability and a profitable ROI in a business-friendly country. That is what you are looking for, right?
Once you are “played out”, and (who would have thought it possible) tired of relaxing and living your new, active, 24/7 vacation routine; perhaps you will begin hearing a voice in your head continuously saying, “There are so many business opportunities in this country.” This is not from the numerous bottles of wine you are consuming....there are real and incredible opportunities in Panama.
Panama offers the best tax incentives known to the world. The key phrase here is: 0% Taxes and 100% opportunities. The Colon Free Trade zone is the largest duty free zone in the Western Hemisphere - second only to Hong Kong. All manner of business can be conducted here quickly and with minimal overhead expenses. Panama laws and procedures make it very easy to get started.
Panama has become a choice location for the international business and investment communities, especially in the first decade of this century. In 2007, Panama business generated $2.6 billion in Foreign Direct Investment for sectors such as regional headquarters, banks, call centers, multimodal transport, real estate development, hospitals and more. Below we show you some of the reasons why living and doing business in Panama can be so easy for you.
In Pedasi you will find a precious little place - very famous and appreciated by locals,
Panamanians and tourists alike - the cake shop 'La Dulceria Yely', owned by a lovely lady
named Señora Dalila. She named the shop after her daughter, Yelina.
Panama Offshore Reality: Anyone that has earned any real wealth in the past 20 years knows that it is getting harder and harder to protect and/or keep it. In the not-so-recent past, the British Virgin Islands, the Cacaos Islands, the Isle of Man, Granada and Swiss Bank Accounts were all acceptable offshore options. In truth, they are not anymore.
Everything positive that you read about Panama is True. Excellent tropical weather, natural beauty and diversification, Beaches, Rainforest, breathtaking mountains in Boquete & Volcan, Low cost of Living , 40% - 50% less than U.S. & Europe, no tornadoes, no hurricanes, the US dollar based stable economy (no exchange rates, they use George and Abe as their regular currency), and it is also true that there is a major real estate boom currently underway.
Getting a mortgage in Panama used to be nearly impossible. Unless you had considerable savings or other assets, or could pay around 50% of the property price up front...you were out of luck. Times have changed with the demand. You still have to prove your ability to pay such a large sum, but banks are definitely willing to work with foreigners and help them buy the property of their dreams.
