Why the Republic of Panama?

Why the Republic of Panama?

WHY PANAMA?

Panama is greater than only a Canal … it’s undoubtedly means far more! The Republic of Panama is a cosmopolitan metropolis with an awesome biodiversity of nature the place you will discover a mixture between tranquility and a nicely developed metropolis.

Actually, Panama is a paradise to take a position, to take pleasure in, to buy, a paradise of service, of pleasant individuals, with seven ethnic Indian teams that also preserve their millenary traditions, with a Canal serving the world in between two oceans, a Canal thought-about to be the eight marvel of the world, with quite a lot of essentially the most well-known worldwide chains of lodges, conference facilities and a sustainable ecology in improvement, Panama is that this and means far more!

Panama is taken into account to be within the third place for "greatest place to retire on the planet"; The Republic of Panama can be thought-about to be the very best place to dwell outdoors the United Estates. That is in response to the famend "Worldwide Residing" journal and specialists that promote the life fashion of US residents retired in overseas international locations. The "American Affiliation of Retired Individuals" {a magazine} for retired individuals, has additionally thought-about Boquete and Chiriquí within the Republic of Panama to be one of many 4 greatest locations to have a house outdoors house. This score was given after ten key indicators that included safety, magnificence, prices, local weather, political stability and others.

All the things is comparatively shut and accessible within the Republic of Panama "Middle of the World and coronary heart of the Universe" counting with direct flights from the United Estates, Europe, Asia and Latin-American, with greater than 150 personal banks, enterprise facilities the place you should buy or promote any kind of product at the very best worldwide costs. Panama is a industrial empire!

The Free Commerce Zone (Colon Metropolis) within the Republic of Panama is the second most necessary commerce middle of the World after Hong Kong. This place is given since Panama has the very best route or shortest from the Pacific to the Atlantic Ocean to maneuver world commerce. For these causes, the Republic of Panama provides an awesome number of Malls (Multiplaza, Multicentro, Los Pueblos and others) and responsibility free purchasing facilities with a wonderful relation between high quality and value the place it is possible for you to to expertise the very best purchasing of your life !

INVESTING IN THE REPUBLIC OF PANAMA:

If you purchase within the Republic of Panama, you’ll discover extra facilities than in different retiring heavens equivalent to Costa Rica, the prices are merely decrease in addition to crime charges. Within the Republic of Panama you’ll discover much less forms and fewer interference with the native authorities when is about investing.

The Republic of Panama is among the most globalize international locations in Latin America. Panama can be a member of the (OMC) which stands for "Organización Mundial de Comercio" or "World's Commerce Group", it’s also a part of the (ALCA) "Space de Libre Comercio de Las Americas" or "Free Commerce Sector of the Americas "through which the Republic had the privilege to be the conference middle for two years in a row (2001 & 2003) and has already began negotiations to be a part of the (MERCOSUR) and (APEC).

You wouldn’t require particular permits or inscriptions earlier to your funding within the Republic of Panama. The Regulation of Stability of Funding (1998) protects all overseas buyers from any change on taxes, the 10 12 months labor legal guidelines and different prices after an funding has been registered.

The Republic of Panama has proportioned varied methods to incentive overseas buyers which embrace;

* A US greenback primarily based financial system.

* Low inflation charges with out threat of foreign money adjustments

* Whole absence of trade controllers

* Similar remedy to foreigners and locals

* One of the versatile international locations on the planet

* No restriction to overseas owned companies

* No restriction to fusions, acquisitions or companies of shared threat

* An present Free Commerce Zone

* A big proportion of bilingual labor pressure

* The Republic of Panama is nominated # 1 within the area for low value of residing and low
operational value from the Tripartite Committee which consists of the Latin American and Caribbean Financial Fee (ECLAC), the American Estates Group (OAS) and the Inter-American Improvement Financial institution (IDB).

The Republic of Panama is completely coated by the OPIC, MIGA, IDB and different multilateral entities.

The Politic Threat Service (PRS) named the Republic of Panama to be one of many three international locations within the hemisphere with greatest {qualifications} for funding.

These are simply a few of the the reason why Panama is the very best place on your companies and funding.

COST OF LIVING IN PANAMA

The Republic of Panama has prices of a 3rd world nation in a primary world nation. Panama Actual Property value could be 1/10 of values ​​in america and the price of residing is about ¼ to all mayor cities within the US. Under is a fast listing of mayor residing value as reference, in lots of circumstances retirees can Promote their current Residing properties, purchase one higher in Panama for ¼ of the fee and dwell a greater Life Fashion for a few years with the ¾ of their sale, with change.

Estimated Month-to-month Mounted Prices in US {dollars}:

Electrical energy in Panama $ 80.00

Water in Panama (Very Secure to Drink-The Finest in Latin America) $ 20.00

Telephone Payments in Panama (Contains Month-to-month Charge and Estimated Utilization) $ 50.00

Residing Maid in Panama (In case you can afford it its extremely advisable) $ 150.00

Cell Telephone value in Panama $ 50.00

Apartment Upkeep Charge in Panama $ 150.00

Web Service in Panama (Residential) $ 20.00

Cable TV Service in Panama $ 50.00

Gasoline in Panama (2.35 per Gallon – Estimate) $ 50.00

Groceries in Panama (Month-to-month for Household of 4) $ 400.00

Fireplace Insurance coverage in Panama (Constructing) $ 150.00

Well being Insurance coverage in Panama (Fundamental Protection for Household of 4) $ 150.00

Automotive Insurance coverage in Panama (Primarily based on a $ 25,00zero Auto) $ 35.00

Non-public College Charges in Panama (per child) $ 130.00 – $ 500.00

Extra Bills

Non-public College Tuition in Panama $ 300.00

Normal Drugs in Panama $ 35.00

Dentist in Panama consultancy $ 35.00

Gymnasium month-to-month charges in Panama $ 45.00

Dinner at a luxurious restaurant in Panama (2 pax) $ 50.00- $ 80.00

Movie show charges in Panama $ 3.50

Taxi charges in Panama $ 1.50

Tax (ITBM) in Panama 5%

SECURITY IN PANAMA

The Republic of Panama is the most secure nation in Central and South America. It counts the very best {qualifications} on safety for vacationers in response to the Pinkerton Intelligence Company, is a heat, financial, snug and adventurous place to retire, make investments and dwell how you will have all the time dream of.

CLIMATE IN THE REPUBLIC OF PANAMA

The Republic of Panama counts with the best geographical place and atmospheric circumstances. Right here in Panama, you will discover the proper local weather for al tastes, sunny, tropical, heat unique seashores and over 1,200 islands that encompass us. On the similar time you possibly can take pleasure in a recent local weather on the excessive lands of Chiriquí, El Valle, Boquete or Cerro Azul among the many hottest spots at a number of hours from Panama Metropolis.

It is extremely necessary to say that within the Republic of Panama there are not any hurricanes, lively volcanoes or earthquakes due to its privileged geographical place.

The Republic of Panama counts with to climatic levels "Dry" (December-April) and "Inexperienced" (April-December) seasons. The Inexperienced season its know for the drastic adjustments of solar mild and tropical rain that makes the nation "Inexperienced".

The temperature within the Republic of Panama in the course of the 12 months is 27 ° C y 16 ° C-25 ° C within the valleys and mountains. The north winds refresh us throughout "dry" season. The tropical rains are normally in between 5 to 45 minutes whereas the sky partially opens and lets the solar rays penetrate or nation.

GENERAL INFORMATION OF THE REPUBLIC OF PANAMA

"Panama appears to be other than Central America sustained by its canal, banks and a free commerce zone" The Economist.

GEOGRAPHY IN THE REPUBLIC OF PANAMA

The republic of Panama occupies 75,990 km2 with 9 provinces: Bocas del Toro, Chiriqui, Colce, Veraguas, Darien, Colon, Los Santos, San Blas and Herrera. Up north the Panamanian shoreline borders the Caribbean Sea and the North Pacific on the Southern coast of our Isthmus at solely 1hr from one another. On the west facet of the Republic of Panama is Costa Rica and Colombia on the East Facet.

POPULATION IN THE REPUBLIC OF PANAMA

The Republic of Panama has 2,839,177 million habitants (July, 2001). It’s a mixture of ethnicities from completely different origins; Spanish conquerors, blacks and indigenous teams. Panama is a spot the place all cultures collide.

RELIGION IN THE REPUBLIC OF PANAMA

The Republic of Panama has the next spiritual statistics; Catholics: 85%; Christians: 12%; Orthodox: 3% "Hindus, Muslim and Buddhists"
All cultural teams observe their faith freely within the Republic of Panama.

LANGUAGE IN THE REPUBLIC OF PANAMA

Spanish is the official language within the Republic of Panama. Nevertheless, English is used often by Panamanians and companies within the Republic of Panama.

POLITICAL SYSTEM IN THE REPUBLIC OF PANAMA

The Republic of Panama has a secure democratic political system who really promotes the overseas funding. Panama is an unbiased nation that counts with a large authorized body which helps the nationwide safety for Panamanians and foreigners.
Panama's precise president is Mr. Martin Torrijos.

CURRENCY IN THE REPUBLIC OF PANAMA

Since 1904, the Republic of Panama makes use of the Balboa as its foreign money. The Balboa is equal to the US greenback which circulates within the Republic of Panama as nicely.
The Republic of Panama has maintained the bottom inflation charges within the hemisphere (2%) within the final 40 years.
Traveler checks, bank card or debit playing cards can be utilized to makes funds within the Republic of Panama.

BANKING CENTER

Panama Metropolis counts with over 150 worldwide and native banks providing a contemporary laws on IBC´s (Worldwide Enterprise Firms), Non-public Curiosity Foundations, excessive rates of interest on certificates of deposit and extra! Banks equivalent to Citibank, HSBC, BNP / Paribas and Dresdner are a few of the ones you’ll discover within the Republic of Panama.

TIME IN THE REPUBLIC OF PANAMA

The official time of the Republic of Panama is identical because the East Coast of the United Estates which is (GMT-5).

ELECTRIC POWER IN PANAMA

The electrical energy within the Republic of Panama goes at 110w-60hz and 220w.

TELEPHONE SERVICE IN THE REPUBLIC OF PANAMA

Web, cellphone strains and cell-phone providers are glorious. You may make or obtain worldwide cellphone calls in Panama Metropolis. The nation code for the Republic of Panama is 507.

TRANSPORTATION SERVICES IN THE REPUBLIC OF PANAMA

Due to having a wonderful geographical place and one of the crucial necessary routes on the planet for worldwide commerce, "The Panama Canal", our nation is among the most necessary spots for logistics on transportation and cargo providers on the planet.

The Republic of Panama counts with trendy ports on the Atlantic Coast in addition to the Pacific Coast. Our ports are related with a Panamanian Rail Means. We depend with glorious roads, nationwide and worldwide airports through which all are able to processing cargo.

The Republic of Panama provides one of the crucial necessary maritime methods of business routs on the planet.The general public transportation value in Panama Metropolis is of lower than 25cents of a US greenback; taxis charges in Panama Metropolis begins from $ 1.00 USD per passenger, in case of an additional passenger it is best to add a 25% or 25cents per greenback.

You possibly can attain any province of the Republic of Panama by way of de Albrook bus terminal or by contacting an area tour operator. We propose a non-public tour providers such because the fist personal tour service within the Republic of Panama. (www.panamaprivatetours.com).

An instance of the worth for a bus ticket to David, Chiriquí is of $ 10.60. Nevertheless, this will take lengthy hours and some stops to eat, and many others. So as so that you can journey snug we advise an area tour operator as talked about above.

DRIVERS LICENCE IN THE REPUBLIC OF PANAMA

Any driver's license is legitimate within the Republic of Panama for 90 days. Nevertheless, it is best to all the time carry your passport in case you get stopped by a police officer. The minimal age required to acquire a drivers license within the Republic of Panama is of 18 years of age.

MEDICINE AND MEDICAL SERVICES IN REPUBLIC OF PANAMA

The Republic of Panama provides medical providers which are high rated like within the United Estates and different international locations. Panamanian medical high requirements embrace the private and non-private service as nicely. You will discover a variety of hospitals, pharmacies, laboratories, ambulance providers; insurance coverage firms which are simply part of a whole medical service system and medical specialties which are present in Panama and Central America. In Panama additionally, you will discover a lot of medical professionals; surgeons, medics, paramedics, nurses with huge expertise that can affirm the very best medical help for you and your loved ones.

The Panamanian well being middle "Ministerio de Salud", is the establishment in charged of figuring out and conducting well being politics within the Republic of Panama.

EDUCATIONAL SERVICES IN THE REPUBLIC OF PANAMA

Non-public and public colleges in Panama are supervised below the Panamanian Minister of Schooling. Panamanian faculty methods are organized below main and secondary "highschool" ranges that are six years every. College levels are additionally provided within the Republic of Panama. There are additionally a number of US universities equivalent to Louiville and Florida State College. The Republic of Panama has over 20 completely different universities.

Month-to-month charges for College Trasnportation within the Republic of Panama: US $ 35.00

TOURSISTIC DESTINATIONS IN THE REPUBLIC OF PANAMA

The Republic of Panama is "inexpensive tourism"
For a lot of, Panama is the right this moment's greatest nation for ecotourism. The distinctive geographical place that Panama has "a bridge connecting two continents" provides the chance to take pleasure in fascinating primitive tropical rain forests and a biodiversity that counts with over 944 hen species. That is greater than within the United Estates and Canada collectively!

It’s handy to know, that each one this nature is accessible at just one hour from Panama Metropolis. Panama's Nationwide Parks are huge with virtually 5 million acres in dimension; this makes 25% of Panama's whole dimension. Panama has a lot unexplored virgin forests and for individuals who have, there’s a native saying: whereas in different international locations you see 20 vacationers observing one hen specie, in Panama you discover one vacationer observing 20 species.

Panamanian Nationwide Parks that we suggest you to go to:

1. Altos de Campana Pure Park

2. La Amistad Nacional Park

3. Marino Isla Bastimentos Nacional Park

4. Cerro Hoya Nacional Park

5. Isla Coiba Nacional Park

6. Chagres Nationwide Park

7. Darién Nationwide Park

8. El Copé Nationwide Park

9. Camino De Cruces Nationwide Park

10. Metropolitano Nationwide Park

11. Portobelo Nationwide Park

12. Sarigua Nationwide Park

13. Soberanía Nationwide Park

14. Volcán Barú Nationwide Park

We can’t go away our stunning seashores behind! Panama has over 1,200 islands and a pair of,400km of coast together with the Pacific and Atlantic coast collectively. There’s a variety of seashores to select from ranging from all inclusive resorts to fascinating getaways. Each coasts within the Republic of Panama are separated by solely 55 miles, which means that you may snorkel on the Atlantic coast within the morning and bathe within the Pacific after.

Many worldwide specialists are impressed by the world class journey that river navigation provides within the Republic of Panama. This consists of kayaks, tubes, rafts and motorized river boats. Panama has river websites the place you may discover 20 rapids in a single afternoon. Canoe excursions, excursions, rappelling and browsing provides comparable experiences to anybody in search of excessive adventures.

The Republic of Panama is characterised by its fishing. Even from Pre-Hispanic instances, the rumors have been that Panama had abundance of fish in its coasts and that "Panama" meant abundance of fish in native Indian dialect.

There are various choices for fishing within the Republic of Panama. Essentially the most fascinating side is that you may fish at a brief distance the next types; fly fishing, trout or large recreation fishing at Piñas Bay.
We suggest http://www.panamaprivatetours.com as essentially the most snug and personal choice to journey within the Republic of Panama.

HOW TO GET INTO THE REPUBLIC OF PANAMA

The next lists of nations don’t require a visa to get into the Republic of Panama:

Germany, Hungary, Argentina, Israel, Austria, Italy, Chile, Nicaragua, Costa Rica, Pollony, El Salvador, Portugal, Spain, United Kingdom, Finland, Greece, France, Singapore, Guatemala, Switzerland, Honduras, Uruguay, Holland, Luxemburg , Belgica, Bolivia.

International locations that require a visa to entry the Republic of Panama:
Chad, Chipre, Egypt, ilipines, Peru, Dominican Republic, Thailand, Ecuador.

International locations that may get into the Republic of Panama utilizing a vacationer card:
Antigua / Barbuda, Aruba, Australia, Bahamas, Barbados, Belize, Bermuda, Brazil, Canada, Colombia, South Korea, Curacao, United Estates, Vatican, Granada, Greece, Guyana, Isladia, Jamaica, Japan, Malta, Mexico, Monaco, Norway, New Zealand, Paraguay, Samoa, San Cristobal / Nevis, San Marino, Saint Vincent, Santa Lucia, Sao Tome, Sweden, Suriname, Taiwan, Trinidad / Tobago and Venezuela.

The remaining nationalities require authorization and visas to entry the Republic of Panama.

Estamped Visa: You will get a stamped visa at Panamanian Consulates in your nation.

Licensed Visa: The approved visa could be obtained at Panamanian consulates in your county with direct authorization from Migration within the Republic of Panama in addition to an authorization from the Panamanian Safety Council.

Vacationer Card: This card could be bought for $ 5.00 USD and is offered at journey companies or airways. Each vacationer should have a sound passport besides US residents that may solely have to current a sound ID.

HOW TO SEND YOUR PET INTO THE REPUBLIC OF PANAMA

The next listing of requierements are for the pet lovers who want to convey thei personal home animals into the Republic of Panama.

– Step one to convey a pet into the Republic of Panama is to come up with a well being and rabies certificates given by a veterinary. Each paperwork should get stamped by the Panamanian Consulate.

– Three (3) days earlier than the animal's arrival, you could current an utility to the Division of prevention and management of Zoonosis. The doc should embrace the final info of the animal; age, intercourse, colour, identify, and many others. The flight quantity, airline, proprietor's info should be given as nicely. This utility should specify the length of the animal; everlasting or momentary.

– You have to pay the quantity of $ 130.00 USD in idea of quarantine to the Nationwide Financial institution of Panama. This department is situated within the Worldwide Airport.

– Alter presenting the Nationwide Financial institution's receipt to the division of quarantine, you can be free to take pleasure in your pet's firm within the Republic of Panama.

As a matter of truth, the Republic of Panama is among the 5 international locations with out rabies!

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