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.