Republic of Panama
Republic of Panama: Connecting North and South America, Panama is a global center for international banking and the hub of the Americas. The Panama Canal, connecting the Atlantic and Pacific oceans, and the new Tocumen airport puts Panama in the position of one of the most important logistic hubs in the world — offering investors a prime opportunity to tap into not just the American commercial goods markets from the USA to East Asia, to Europe, and to Oceania.
For people looking for a great place to enjoy their retirement, Panama is offering great services for a fair price combine with a good health coverage if needed.
- Population: 3.9 million
- 10 Provinces
- Language: Spanish
- Economy: Well-developed, service-based
- Currency: US Dollar
Geographical and Historical Significance
Originally colonized by Spain in the 16th century, Panama gained independence in 1821 and stands as a foundational member of the United Nations. This isthmus nation bridges continents and oceans, offering a gateway between North and South America.
Diverse Natural Landscape
Panama’s natural beauty spans diverse ecosystems, boasting rainforests, a desert, and picturesque beaches along both coastlines. Notably, the Baru Volcano in Chiriqui province stands tall at 3.4 meters, offering panoramic views of the Atlantic and Pacific Oceans—an exclusive sight globally. Rich volcanic soil in Chiriqui nurtures the famed geisha coffee, renowned among coffee connoisseurs.
Bocas Del Toro province houses a chain of islands in the Caribbean Sea, preserving a tropical rainforest and a thriving coral species population. This province serves as a natural haven for evolutionary research, climate study, and marine ecosystem preservation, housing Panama’s inaugural Mission Blue Hope Spot.
Cultural Richness
Seven indigenous communities thrive in Panama, harmonizing African heritage and Spanish influence seen in its cities, cuisine, and lifestyle. Panama City, a bustling metropolis, juxtaposes modern architecture with traditional charm. Its historic district, Casco Antiguo, designated a UNESCO World Heritage Site, reverberates with vibrant music, creative crafts, historic churches, and renowned museums.
Investment and Trade Potential
Panama’s economic prowess is showcased by its robust growth pre-pandemic, outperforming Latin America and the Caribbean. The country’s membership in global organizations like the UN General Assembly, the Organization of American States, and the Latin American Economic System underscores its global integration.
The engineering marvel, the Panama Canal, spanning 65 kilometers, stands as a pivotal global trade route, connecting oceans and continents. This vital waterway significantly expedites international trade, enhancing connectivity from the Americas to East Asia, Europe, and Oceania.
Panama, deemed a high-income nation, burgeons as a commercial and financial hub, attracting global investors keen on its burgeoning banking, commerce, and tourism industries.
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- Clear ideas about Panama’s visa and residency choices
- A custom plan for your move and investment goals
- Confidence in making smart decisions for your second home in Panama
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