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HAVE YOU CAUGHT THE PANAMA BUG YET?
The reasons why people from all walks of life move to Panama are as diverse as the country itself.
Panama has long provided several important incentives for foreign investors, including: * US dollar-based economy * Low inflation and zero foreign exchange risk * Total absence of exchange controls * Equal treatment of foreign and local citizens * One of the most flexible company laws in the world * No restrictions on 100 per cent foreign-owned companies * No restrictions on mergers, acquisitions or joint ventures * Excellent tax holidays for specific investments in sectors such as tourism, maritime, real estate, mining, Colon Free Zone, exports and others * High percentage of labor force is bilingual
Panama has been ranked first in the region for low cost of living, operational cost and index of labor by the Tripartite Committee, which consists of the Economic Commission for Latin America and the Caribbean (ECLAC), the Organization of American States (OAS) and the Interamerican Development Bank (IDB). Panama has full coverage from OPIC, MIGA, IDB and other multilateral entities. Political Risk Services (PRS) placed Panama in the top three countries of the hemisphere with the best risk-investment qualifications. Moody's and Standard & Poors have both granted high ranking to Panamanian bonds. Below are some additional reasons why Panama should be on your radar screen, whether you are looking to retire in a beautiful country, launch a business in a more desirable jurisdiction, relocate to new new horizons or simply catch a break.
Interests
The country's most famous attraction is, of course, the Panama Canal. There are countless superb tourism activities that can be easily reached from Panama City. There are five golf courses in or near the city and beach areas. Dining is excellent in Panama City, and there are numerous bars, discotheques and cafes. Evening entertainment may include live music, movies (in English with Spanish subtitles) or dancing. And, of course, the number of nature and wildlife attractions is almost limitless.
