Of course we all know that the state of the world economy is in terrible turmoil. To many, the thought of picking up and moving to a new country is scary in the best of times. In the worst of times it may seem inconceivable to pick up and go forth on a new adventure, but for those willing to consider it, Panama has a lot to offer.
1.)The number one reason to consider Panama as a place to live is the incredible diversity in lifestyles. Panama offers something for everyone. Panama City is a cosmopolitan, thriving metropolis of about two million people. You'll find everything here that you would in any other city of this size--and more. Because Panama City is a recognized international banking center (often referred to as the "Hub of the Americas") it has drawn visitors and residents from all over the world. Panama's native population is also culturally diverse; drawing from indigenous tribes, Afro-Caribbean and Chinese immigrants as well as early Spanish and European settlers. Outside the big city, Panama provinces encompass everything from dramatic coastlines to breathtaking mountains and everything in between.
2.) Panama has a sound economy. Panama is largely a 'cash economy' and that applies to even big ticket items such as cars and even homes. Credit cards are still the exception rather than the rule. On a broader scales, Panama has a banking debt to equity ratio that would be the envy of most first world nations. The economy of Panama is also dollar based. There is no currency conversion to worry about.
3.) Panama is investor-friendly. There are a number of programs designed to encourage foreign investors to start businesses here and special programs for those looking to take part in the growing tourism and hospitality industries. The widely touted package of discounts for retirees is another incentive to consider Panama as is the adherence to strict banking privacy and the availability of SA's or anonymous corporations.
4.) Panama is safe. With one of the lowest crime rates in Latin America and a stable, democratic government that leans (with the recent election of new president Ricardo Martinelli) toward the conservative, Panama provides residents with excellent security, both personally and socially.
5.) Panama has a low cost of living but a high standard of living. Whether you are considering a night out on the town or a cart full of groceries, Panama is likely to surprise and delight you. Compared to other countries in the region, Panama also has one of the best infrastructures in Latin America. High speed internet, cable and satellite television, excellent electrical and water services, good and well maintained roads and outstanding, affordable health care all contribute to the country's appeal and comfort.
This is only a small portion of the advantages this little country has to offer the would-be resident. Find out more about Panama and you'll be able to add unique reasons of your own!
http://www.buyingrealestateinpanama.com for information, pictures and listings of properties in Panama.
http://www.lostcoastpanama.com for information and listings of properties in Boca Chica, Panama.
Lisa Leuthesser is the communications manager for Buying Real Estate In Panama, a licensed real estate company specializing in the interior provinces of the Republic of Panama. She is a resident of Chiriqui Province and has covered Panama from east to west and north to south. Her motto is "Every Day's an Adventure in Panama".
Lisa invites you to contact her through her websites and hopes you will explore the provincial descriptions and real estate listings there.
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