About Panama

To begin with, Panama is a beautiful country. It has a diversity of flora and fauna that is found in no other place, due to the Isthmus' position as the crossroads of North and South America. Potential residential opportunities range over city, mountain, beach and island communities so that a special place can be found to suit anyone's taste. Once you decide where to settle, you have the security of knowing that, as a foreigner, you can own property easily and are granted exactly the same rights and protections as a Panamanian property owner.

Some of the reasons for foreigners to obtain a second residency in Panama are catalogued in the following excerpt from the website of Panama Offshore Services which we quote with their permission:

Have a second home overseas in a tropical country where they can live or visit.

Have a 'safe haven' to escape to in the event of war or any type of civil unrest that may threaten their family.

Actually live in Panama permanently, perhaps after retirement.

Relocate to a tropical, stable, safe country where it is very economical to live in comparison with most other developed countries such as the US, Canada, Europe, etc.

Relocate to a more tax friendly country where foreign earned income, capital gains, and interest income is not taxed.

Relocate to a country where frivolous lawsuits are not recognized by courts, and assets can be truly protected through a corporate shield, without the risks of 'piercing the corporate veil'.

Relocate to a country where one can begin business operations economically, and without heavy restrictions, regulations, or taxes that hinder the growth of the business.

Relocate to a country where real estate is still affordable for purchasing homes in the city or land at the beaches, mountains, lakes, etc.

Uses US Dollar as its currency.

Has a nearly perfect climate. Has banking conveniences and a strong financial service sector.

First class health and medical services.

Offers direct daily flights from seven major US cities.

One of the fastest growing tourism sectors in all of the Americas.

There is a great variety of attractions all in close proximity.

Pacific and Atlantic oceans only 50 miles apart.

Wide variety of beaches, ecotourism destinations, sport fishing opportunities, and golfing.