Investing In Panama

Historically known as the "crossroads of the world" Panama's government and many of its people are encouraging the international community to visit and live within its democratic borders.

With incentives in the areas of real estate, reforestation investments, eco-tourism developments, and foreign residency, Panama is paving the way for a trend of sustainable growth and prosperity.

Prospective investors looking for serious financial, tax-free privacy should look at the Republic of Panama which is quite possibly the ideal destination.  Its strategic location, close to the growing Latin American market, makes it a natural base for world business operations.  Despite it's turbulent past, Panama is not under the direct control of neither the United Kindgom or the United States of America.

Panama has grown significantly as a retirement destination, a land of adventure and an investment haven.  The country is ripe with investment opportunities for the prospective investor.

The government of Panama has introduced quite a few enticing programs and special zones in order to capture the attention foreign investors to its shores. These programs will give the prospective investors an extraordinary head start in the world of business.

Panama's attractive tourism investment laws are not just for large scale businesses. Anybody willing to invest a minimum of $50,000 in a tourism project are able to take advantage of the terrific tax benefits and financial incentives that the country offers.

Panama has opened its doors to the international resident, investor, traveler, artist and business person.

The nation's infrastructure is relatively well developed with generally good roads in the urban areas.  Panama has 11,258 kilometers (6,996 miles) of roads, of which 3,783 kilometers (2,350 miles) are well paved. Plans are underway for the construction of 2 major superhighways that will be funded through tolls. In addition, there are 355 kilometers (220 miles) of railways.  Of the 105 airports in the country, Panama boasts 41 with paved runways.

In addition to the 80-kilometer (50-mile) Panama Canal, the country has 800 kilometers (497 miles) of navigable waterways, although most of these can only be used by shallow-draft vessels. The international shipping terminal in Manzanillo is the largest container port in Latin America.

INTEL, the nation's telecommunications company, is in the midst of a multi-million-dollar upgrade and expansion of the country's phone system. INTEL employs about 3,400 people, and the government retains 49 percent of the company's stock. Panama's telephone density is close to 200 phone lines per 1,000 people.  Both Bell South, a U.S. firm, and the national telephone company are offering cellular phone service.  Also, there are 3 internet providers in Panama.

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