Archive for February 10th, 2010

Panama – A Perfect Sanctuary for Retirement, Business, and Second Homes

If you want to have a perfect sanctuary for your retirement, business, and second home, Panama is surely an ideal place. Panama is small country that is extremely filled with many varieties. Among these varieties include the world-class capitol, intact indigenous cultures, highlands with mild climate, fertile farmland, pristine beaches, diverse ecosystem, and rain forests.

When it comes to attracting businesses and residents, Panama works hard for it. The country offers varieties of advantageous tax programs for the investors. Its pensionada visa only has minimal requirements for processing as long as the applicant does not have criminal record, has good health, and income of US$1,000 every month. The visa program also offers applicants to bring their household goods without paying any duties or taxes. Under this program, a new car can be imported for personal use every two years. Applicants may also enjoy the discount of 15%-50% for public transportation, movies, restaurants, hotels, and other services. With all of these benefits, Panama probably offers the best package of financial benefits for everyone.

Unlike in some areas of Central America, you can eat fresh vegetables and drink water in most areas in Panama. Older roads in the city are repaired regularly and new highways are built for purposes. English is the universal language in Panama and the country’s medical care and trained doctors are exceptionally good. There are modern facilities for health care and hospital.

The people of Panama are a mixture of Indian, Chinese, American, Arab, European, and African but the majority ones are the mestizos. There are seven Indian tribes living in Panama and their traditional cultures are respected highly.

Panama is not only a great place to live in but also an interesting place for business and investment. Tourism investment in the country has a 20-year exemption from real estate, import duties and income, and other taxes. Business men need not to worry when it comes to financial institutions as there more than 150 bank offices in the country.

Whatever your lifestyle is, Panama can offer you everything. The country has different climates though it is tempered by sea breezes. At sea level, the country is typically tropical, which means it can be humid and hot. At higher elevations a year-round springtime is experienced whereas homes do not need air conditioning or heat. The Caribbean side of the country has more humidity and rainfall than its Pacific side. From January to Mid-April, the country experiences dry season, and from Mid-April to December, wet season is in. Panama is located outside the hurricane belt, thus it had escaped many severe earthquakes.

Panama is one of the most modern cities in America. Its overall infrastructure is first class because of its excellent telecommunications and modern freeways. The restaurants in the country serve all types of excellent seafood and ethnic foods. Shopping activities are barely comparable than any other cities in America. The music scene is a general part of the country’s entertainment. It includes rock, meringue, reggae, jazz, salsa, and traditional Panamanian music. There are also movie theaters, neighborhood hangouts, casinos, cantinas, and nightclubs for entertainment.

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Panama- Paradise on Earth

Panama was first explored by Columbus in the year 1502. This country was the south and Central American shipping point. This country is a perfect holiday destination. It has all the hues of nature one can ever imagine. It is amongst the few places in the world whose natural beauty has not yet been tampered. The geographical location of the country is a burning example of how god himself chose to shower his choicest blessings on this country. 

No wonder that Panama is a world famous tourist destination and many of the visitors who come to visit this country just fall in love with this place and want to settle here forever. That’s the reason the real estate of this country is really booming with growing interests of foreigners from across the world. Well why wouldn’t it? The cost of living in Panama has not yet caught up with the rest of the world and is still within the reach of common people; that drive more and more people to seriously think about investing in real estate in Panama.   

The so called 9th wonder, the Panama Canal, the perfect feat of human engineering is found in this country. It’s just a very small drive from the capital city of Panama. This canal finds a proud mention in the world atlas and is one thing you just cannot miss when you are visiting Panama. Panama City has hosts of things to offer. The Casco Viejo, the Panama La Vieja, Parque Antural Metropolitano, the Calle Uruguay neighbourhood are some of the must not miss places in Panama City. 

Panama is a great place for all you adventure lovers. Those of you who just love water sports and can do anything to try out that scuba diving, snorkeling and surfing; you must never miss a visit to Panama. The Tiger Rock, Hospital Point, Archipelago of San Blas are some of the most renowned spots to try out water adventures when you are visiting Panama. The Coiba Islands, Azeuro Peninsula, Gatun Lake, Isla Grande, Pearl Islands and Marlin are also included in the famous water adventure spots of Panama, each having their own unique experience to offer. If you want to get the best out of your diving experiences in Panama, visit these places during the month of November and December, or April and May. These are also the times when you can view the sea life with all its beauty and glory. 

Apart from these and the hosts of natural diversity in terms of its diversified flora and fauna, Panama is known for its amazing cuisine also. Those of you, who just love to try out international food, do not miss out the Panamian cuisine.  Try out the traditional food of Panama that is the Turkey. It is known as pavo in local language. Other local food items include the relleno, arroz dulce, tamales etc. Sea food also dominates a major part of the Panamian Cuisine. They are all delicious and are a delight to your taste buds.

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