Why retire / invest in Panama.
Panama is one of the fastes groving investment places,
and Panama City one of the fastes groving city in the world. Estmated return of investment is more the 35% a year.
Retirement advantages offered:
- 50% discount for entertainment
(movies, theatres, concerts, sports)
- 30% off bus, boat and train fees
- 25% off airline tickets
- 50% off hotel accomodations M -
- 30% off hotel accomodations Friday - Sunday
- 25% off restaurants
- 15% off on fast food restaurants
- 15% off hospital bill (if no insurance applies)
- 20% off professional and tech services
- 50% off closing costs for home loans
Panama offers one of the World's Best Jurisdiction for
Offshore Asset Protection and Banking. Which means that if you're looking for privacy and tax advantages, this is
the place to consider for retirement and / or investment opportunities. Panama is just beginning its boom, exactly where Costa
Rica was ten years ago.
Panama's dollarised economy rests primarily on a well-developed services sector that accounts for three-fourths
of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry,
and tourism. A slump in the Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military
forces held back economic growth in 2000-03; growth picked up in 2004-06 led by export-oriented services and a construction
boom stimulated by tax incentives. The government has implemented tax reforms, as well as social security reforms, and backs
regional trade agreements and development of tourism. Unemployment remains high. In October 2006, voters passed a referendum
to expand the Panama Canal to accommodate ships that are now too large to cross the transoceanic crossway. Not a CAFTA signatory,
Panama in December 2006 independently negotiated a free trade agreement with the United States, which, when implemented, will
help promote the country's economic growth.