WHY PANAMA?
Panama is greater than only a Canal...it's positively method far more! The Republic of Panama is a cosmopolitan metropolis with an superior biodiversity of nature the place you could find a combination between tranquility and a effectively developed metropolis.
In reality, Panama is a paradise to take a position, to get pleasure from, to buy, a paradise of service, of pleasant folks, with seven ethnic Indian teams that also preserve their millenary traditions, with a Canal serving the world in between two oceans, a Canal thought of to be the eight surprise of the world, with a wide range of in essence the most well-known worldwide chains of accommodations, conference facilities and a property ecology in growth, Panama is that this and method far more!
Panama is taken into account to be inside the third place for "best place to retire in the world"; The Republic of Panama can also be thought of to be one of the best place to dwell outdoors the United Estates. This is supported the famend "International Living" journal and specialists that promote the life fashion of US residents retired in international nations. The "American Association of Retired Persons" {a magazine} for retired folks, has extraly thought of Boquete and Chiriquí inside the Republic of Panama to be one of many 4 finest locations to have a house outdoors residence. This higher-ranking was given after ten key indicators that enclosed safety, magnificence, prices, local weather, political stability and others.
Everything is comparatively shut and accessible inside the Republic of Panama "Center of the World and heart of the Universe" count with direct flights from the United Estates, Europe, Asia and Latin-American, with greater than 150 personal Sir Joseph Banks, enterprise facilities the place you should purchase or promote any kinda product at one of the best worldwide costs. Panama is a industrial empire!
The Free Trade Zone (Colon City) inside the Republic of Panama is the second most necessary commerce middle of the World after Hong Kong. This place is given since Panama has one of the best route or shortest from the Pacific to the Atlantic Ocean to maneuver international commerce. For these causes, the Republic of Panama affords an superior number of Malls (Multiplaza, Multicentro, Los Pueblos and others) and responsibility free procuring facilities with a howling relation between superiority and worth the place it is possible for you to to expertise one of the best procuring of your life!
INVESTING IN THE REPUBLIC OF PANAMA:
When you purchase inside the Republic of Panama, you will see that extra facilities than in different retiring celestial sphere equivalent to Costa Rica, the prices are but decrease additionally to crime charges. In the Republic of Panama you will see that much less paperwork and few interference with the native government when is about investing.
The Republic of Panama is without doubt one of the most globalise nations in Latin America. Panama can also be a member of the (OMC) which stands for "Organización Mundial de Comercio" or "World's Commerce Organization", extraly it is a part of the (ALCA) "Area de Libre Comercio de Las Americas" or "Free Trade Sector of the Americas" wherein the Republic had the privilege to be the conference middle for two years in a row (2001 & 2003) and has already began negotiations to be a part of the (MERCOSUR) and (APEC).
You wouldn't require particular permits or inscriptions earlier to your funding inside the Republic of Panama. The Law of Stability of Investment (1998) protects all international buyers from any change on taxes, the 10 12 months labor legal guidelines and different prices after an funding has been registered.
The Republic of Panama has proportioned many methods to incentive international buyers which embody;
* A US bank bill based mostly business system.
* Low inflation charges with out danger of forex modifications
* Total epilepsia minor epilepsy of change controllers
* Same remedy to foreigners and locals
* One of in essence the most versatile nations on this planet
* No restriction to international closely-held firms
* No restriction to fusions, acquisitions or firms of shared danger
* An current Free Trade Zone
* A big proportion of bilingual labor drive
* The Republic of Panama is appointive #1 inside the area for low value of residing and low
operational value from the Tripartite Committee which consists of the Latin American and Caribbean Economic Commission (ECLAC), the American Estates Organization (OAS) and the Inter-American Development Bank (IDB).
The Republic of Panama is entirely lined by the OPIC, MIGA, IDB and different four-party entities.
The Politic Risk Service (PRS) named the Republic of Panama to be one of many three nations inside the cerebral hemisphere with finest {qualifications} for funding.
These are simply a couple of of the the explanation why Panama is one of the best place to your companies and funding.
COST OF LIVING IN PANAMA
The Republic of Panama has prices of a 3rd world nation in a primary world nation. Panama Real Estate value power be 1/10 of values inside the United States and the price of residing is about ¼ to all city manager cities inside the US. Below is a fast record of city manager residing value as reference, in lots of instances retirees can Sell their current Living properties, purchase one higher in Panama for ¼ of the associated fee and dwell a greater Life Style for a couple of years with the ¾ of their sale, with change.
Estimated Monthly Fixed Costs in US {dollars}:
Electricity in Panama $80.00
Water in Panama (Very Safe to Drink-The Best in Latin America) $20.00
Phone Bills in Panama (Includes Monthly Fee and Estimated Usage) $50.00
Living Maid in Panama (If you may afford it its extremely really helpful) $150.00
Cell Phone value in Panama $50.00
Condo Maintenance Fee in Panama $150.00
Internet Service in Panama (Residential) $20.00
Cable TV Service in Panama $50.00
Gasoline in Panama (2.35 per Gallon - Estimate) $50.00
Groceries in Panama (Monthly for Family of 4) $400.00
Fire Insurance in Panama (Building) $150.00
Health Insurance in Panama (Basic Coverage for Family of 4) $150.00
Car Insurance in Panama (Based on a $25,000 Auto) $35.00
Private School Fees in Panama (per child) $130.00 -$500.00
Additional Expenses
Private School Tuition in Panama $300.00
General Medicine in Panama $35.00
Dentist in Panama consultancy $35.00
Gymnasium month-to-month charges in Panama $45.00
Dinner at a luxurious eating house in Panama (2 pax) $50.00-$80.00
Movie theater charges in Panama $3.50
Taxi charges in Panama $1.50
Tax (ITBM) in Panama 5%
SECURITY IN PANAMA
The Republic of Panama is the most secure nation in Central and South America. It counts the best {qualifications} on safety for vacationers supported the Pinkerton Intelligence Agency, is a heat, business, soothing and daring place to retire, make investments and dwell how you've gotten all the time dream of.
CLIMATE IN THE REPUBLIC OF PANAMA
The Republic of Panama counts with the best geographical place and region situations. Here in Panama, you could find the proper local weather for al tastes, sunny, tropical, heat unique seashores and over 1,200 islands that embrace us. At the identical time you may get pleasure from a contemporary local weather on the excessive lands of Chiriquí, El Valle, Boquete or Cerro Azul among the many hottest muscae volitantes at just a couple of hours from Panama City.
It is essential to say that inside the Republic of Panama there aren't any hurricanes, energetic volcanoes or earthquakes attributable its privileged geographical place.
The Republic of Panama counts with to environmental condition levels "Dry" (December-April) and "Green" (April-December) seasons. The Green season its know for the forceful modifications of star gentle and tropical rain that makes the nation "Green".
The temperature inside the Republic of Panama throughout the 12 months is 27° C y 16°C-25°C inside the valleys and mountains. The north winds refresh us throughout "dry" season. The tropical rains are often in between 5 to 45 proceedings whereas the sky part opens and lets the star rays penetrate or nation.
GENERAL INFORMATION OF THE REPUBLIC OF PANAMA
"Panama seems to be apart from Central America sustained by its canal, Sir Joseph Banks and a free trade zone" The Economist.
GEOGRAPHY IN THE REPUBLIC OF PANAMA
The commonwealth of Panama occupies 75,990 km2 with 9 provinces: Bocas del Toro, Chiriqui, Colce, Veraguas, Darien, Colon, Los Santos, San Blas and Herrera. Up north the Panamanian shoreline borders the Caribbean Sea and the North Pacific on the Southern coast of our Isthmus at only 1hr from one another. On the west aspect of the Republic of Panama is Costa Rica and Colombia on the East Side.
POPULATION IN THE REPUBLIC OF PANAMA
The Republic of Panama has 2,839,177 million habitants (July, 2001). It is a mixture of ethnicities from all different origins; Spanish conquerors, blacks and autochthonic teams. Panama is a spot the place all cultures collide.
RELIGION IN THE REPUBLIC OF PANAMA
The Republic of Panama has the next spiritual statistics; Catholics: 85% ; Christians: 12%; Orthodox: 3% "Hindus, Muslim and Buddhists"
All cultural teams follow their faith freely inside the Republic of Panama.
LANGUAGE IN THE REPUBLIC OF PANAMA
Spanish is the official language inside the Republic of Panama. However, English is used endlessly by Panamanians and companies inside the Republic of Panama.
POLITICAL SYSTEM IN THE REPUBLIC OF PANAMA
The Republic of Panama has a secure democratic form of government who truly promotes the international funding. Panama is an impartial nation that counts with a large authorized body which helps the nationwide safety for Panamanians and foreigners.
Panama's precise president is Mr. Martin Torrijos.
CURRENCY IN THE REPUBLIC OF PANAMA
Since 1904, the Republic of Panama makes use of the Balboa as its forex. The Balboa is adequate to the US bank bill which circulates inside the Republic of Panama as effectively.
The Republic of Panama has maintained the bottom inflation charges inside the cerebral hemisphere (2%) inside the final 40 years.
Traveler checks, bank card or debit playacting card game can be used to makes finances inside the Republic of Panama.
BANKING CENTER
Panama City counts with over 150 worldwide and native Sir Joseph Banks providing a contemporary laws on IBC´s (International Business Corporations), Private Interest Foundations, excessive rates of interest on certificates of deposit and extra! Banks equivalent to Citibank, HSBC, BNP/Paribas and Dresdner are a couple of of the ones you will see that inside the Republic of Panama.
TIME IN THE REPUBLIC OF PANAMA
The official time of the Republic of Panama is identical because the East Coast of the United Estates which is (GMT-5).
ELECTRIC POWER IN PANAMA
The electricity inside the Republic of Panama goes at 110w-60hz and 220w.
TELEPHONE SERVICE IN THE REPUBLIC OF PANAMA
Internet, telephone traces and cell-phone companies are howling. You could make or obtain worldwide telephone calls in Panama City. The nation code for the Republic of Panama is 507.
TRANSPORTATION SERVICES IN THE REPUBLIC OF PANAMA
Because of acquiring a howling geographical place and one of the necessary routes on this planet for worldwide commerce, "The Panama Canal", our nation is without doubt one of the most necessary muscae volitantes for logistics on transportation and loading companies on this planet.
The Republic of Panama counts with fashionable ports on the Atlantic Coast additionally to the Pacific Coast. Our ports are related with a Panamanian Rail Way. We rely with howling roads, nationwide and worldwide airports wherein all are able to processing loading.
The Republic of Panama affords one of the necessary maritime techniques of economic routs on this planet.The public transportation value in Panama City is of lower than 25cents of a US bank bill; taxis charges in Panama City begins from $1.00 USD per passenger, in case of an extra passenger you must add a 25% or 25cents per bank bill.
You can attain any province of the Republic of Panama by way of de Albrook bus station or by contacting a neighborhood tour operator. We counsel a personal tour companies such because the fist personal tour service inside the Republic of Panama. (www.panamaprivatetours.com).
An instance of the value for a bus ticket to David, Chiriquí is of $10.60. However, this will likely take drawn-out hours some Chicago to eat, so on. In order so that you can journey soothing we recommend a neighborhood tour operator as talked about above.
DRIVERS LICENCE IN THE REPUBLIC OF PANAMA
Any driver's license is legitimate inside the Republic of Panama for 90 days. However, you must all the time carry your passport in case you get stopped-up by a police officer. The marginal age required to acquire a drivers license inside the Republic of Panama is of 18 years of age.
MEDICINE AND MEDICAL SERVICES IN REPUBLIC OF PANAMA
The Republic of Panama affords medical companies which power be high rated like inside the United Estates and different nations. Panamanian medical high requirements embody the private and non-private service as effectively. You can discover a variety of hospitals, pharmacies, laboratories, ambulance companies; coverage firms which power be simply part of an entire medical service system and medical specialties which power be present in Panama and Central America. In Panama extraly, you will discover much of medical professionals; surgeons, medics, paramedics, nurses with huge expertise that can affirm one of the best medical help for you and your idolised ones.
The Panamanian well being middle "Ministerio de Salud", is the establishment in charged of computation out and conducting well being politics inside the Republic of Panama.
EDUCATIONAL SERVICES IN THE REPUBLIC OF PANAMA
Private and public colleges in Panama are supervised at a lower place the Panamanian Minister of Education. Panamanian faculty techniques are organized at a lower place major and secondary "high school" ranges that are six years every. University levels are extraly provided inside the Republic of Panama. There are extraly just a couple of US universities equivalent to Louiville and Florida State University. The Republic of Panama has over 20 all different universities.
Monthly charges for School Trasnportation inside the Republic of Panama: US$ 35.00
TOURSISTIC DESTINATIONS IN THE REPUBLIC OF PANAMA
The Republic of Panama is "affordable tourism"
For many, Panama is the in the present day's finest nation for ecotourism. The distinctive geographical place that Panama has "a bridge conjunctive two continents" offers the chance to get pleasure from fascinating primitive tropical rain forests and a biodiversity that counts with over 944 hen species. This is greater than inside the United Estates and Canada collectively!
It is handy to know, that every one this nature is accessible at only one hour from Panama City. Panama's National Parks are huge with nearly 5 million land in dimension; this makes 25% of Panama's complete dimension. Panama has lots unknown virgin forests and for individuals who have, there's a native saying: whereas in different nations you see 20 vacationers observant one hen specie, in Panama you discover one vacationer observant 20 species.
Panamanian National Parks that we suggest you to go to:
1. Altos de Campana Natural Park
2. La Amistad Nacional Park
3. Marino Isla Bastimentos Nacional Park
4. Cerro Hoya Nacional Park
5. Isla Coiba Nacional Park
6. Chagres National Park
7. Darién National Park
8. El Copé National Park
9. Camino De Cruces National Park
10. Metropolitano National Park
11. Portobelo National Park
12. Sarigua National Park
13. Soberanía National Park
14. Volcán Barú National Park
We can not go away our lovely seashores behind! Panama has over 1,200 islands and a couple of,400km of coast together with the Pacific and Atlantic coast collectively. There is a variety of seashores to select from ranging from all comprehensive resorts to fascinating getaways. Both coasts inside the Republic of Panama are separated by only 55 miles, which means that you possibly can schnorkel on the Atlantic coast inside the morning and bath inside the Pacific after.
Many worldwide specialists are affected by the world class journey that river navigation affords inside the Republic of Panama. This consists of kayaks, tubes, wads and motorized river boats. Panama has river websites the place you possibly can discover 20 rapids in a single afternoon. Canoe excursions, excursions, rappelling and browsing affords comparable experiences to anybody in search of excessive adventures.
The Republic of Panama is characterised by its fishing. Even from Pre-Hispanic instances, the rumors had been that Panama had abundance of fish in its coasts and that "Panama" meant abundance of fish in native Indian dialect.
There are many choices for fishing inside the Republic of Panama. The most fascinating side is that you possibly can fish at a brief distance the next kinds; fly fishing, trout or huge recreation fishing at Piñas Bay.
We suggest http://www.panamaprivatetours.com as in essence the most soothing and personal choice to journey inside the Republic of Panama.
HOW TO GET INTO THE REPUBLIC OF PANAMA
The following lists of nations don't require a visa to get into the Republic of Panama:
Germany, Hungary, Argentina, Israel, Austria, Italy, Chile, Nicaragua, Costa Rica, Pollony, El Salvador, Portugal, Spain, United Kingdom, Finland, Greece, France, Singapore, Guatemala, Switzerland, Honduras, Uruguay, Holland, Luxemburg, Belgica, Bolivia.
Countries that require a visa to entry the Republic of Panama:
Chad, Chipre, Egypt, ilipines, Peru, Dominican Republic, Thailand, Ecuador.
Countries that may get into the Republic of Panama utilizing a vacationer card:
Antigua / Barbuda, Aruba, Australia, Bahamas, Barbados, Belize, Bermuda, Brazil, Canada, Colombia, South Korea, Curacao, United Estates, Vatican, Granada, Greece, Guyana, Isladia, Jamaica, Japan, Malta, Mexico, Monaco, Norway, New Zealand, Paraguay, Samoa, San Cristobal / Nevis, San Marino, Saint Vincent, Santa Lucia, Sao Tome, Sweden, Suriname, Taiwan, Trinidad / Tobago and Venezuela.
The leftover nationalities require authorization and visas to entry the Republic of Panama.
Esealed Visa: You can get a sealed visa at Panamanian Consulates in your nation.
Authorized Visa: The sanctioned visa power be obtained at Panamanian consulates in your county with direct authorization from Migration inside the Republic of Panama additionally to an authorization from the Panamanian Security Council.
Tourist Card: This card power be bought for $5.00 USD and is bought at journey companies or airways. Every vacationer should have a sound passport besides US residents that power only must current a sound ID.
HOW TO SEND YOUR PET INTO THE REPUBLIC OF PANAMA
The following record of requierements are for the pet lovers who want to convey thei personal home animals into the Republic of Panama.
- The opening to convey a pet into the Republic of Panama is to come up with a well being and hydrophobia certificates given by a veterinary. Both paperwork should get sealed by the Panamanian Consulate.
- Three (3) days earlier than the animal's arrival, you need to current an utility to the Department of bar and direction of Zoonosis. The doc should embody the final data of the animal; age, intercourse, shade, title, so on. The flight amount, airline, proprietor's data should incline as effectively. This utility should specify the length of the animal; everlasting or momentary.
- You should pay the amount of $130.00 USD in idea of quarantine to the National Bank of Panama. This department is placed inside the International Airport.
- Alter presenting the National Bank's receipt to the division of quarantine, you may be free to get pleasure from your pet's firm inside the Republic of Panama.
As a matter of reality, the Republic of Panama is without doubt one of the 5 nations with out hydrophobia!
For extra data delight log-in http://www.panamahotrealestate.com or contact us at data@panamahotrealestate.com
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