Why the Republic of Panama?
WHY PANAMA?
Panama is something beyond a Canal…it is unquestionably way considerably more! The Republic of Panama is a cosmopolitan city with an extraordinary biodiversity of nature where you can discover a blend amongst quietness and a very much created city.
Truth be told, Panama is a heaven to contribute, to appreciate, to shop, a heaven of administration, of benevolent individuals, with seven ethnic Indian gatherings that still save their millenary customs, with a Canal serving the world in the middle of two seas, a Canal thought to be the eight ponder of the world, with an assortment of the most popular global chains of inns, tradition focuses and a practical nature being developed, Panama is this and way significantly more!
Panama is thought to be in the third position for “best place to resign on the planet”; The Republic of Panama is likewise thought to be the best place to live outside the United Estates. This is as indicated by the famous “Worldwide Living” magazine and specialists that advance the way of life of US nationals resigned in outside nations. The “American Association of Retired Persons” a magazine for resigned individuals, has additionally considered Boquete and Chiriquí in the Republic of Panama to be one of the four best places to have a home outside home. This rating was given after ten key pointers that included security, excellence, costs, atmosphere, political strength and others.
Everything is moderately close and available in the Republic of Panama “Focal point of the World and heart of the Universe” tallying with non-stop flights from the United Estates, Europe, Asia and Latin-American, with more than 150 private banks, business focuses where you can purchase or offer any sort of item at the best worldwide costs. Panama is a business realm!
The Free Trade Zone (Colon City) in the Republic of Panama is the second most critical exchange focal point of the World after Hong Kong. This position is given since Panama has the best course or briefest from the Pacific to the Atlantic Ocean to move worldwide exchange. Consequently, the Republic of Panama offers an awesome assortment of Malls (Multiplaza, Multicentro, Los Pueblos and others) and obligation free strip malls with an incredible connection amongst quality and cost where you will have the capacity to encounter the best shopping of your life!
Putting resources into THE REPUBLIC OF PANAMA:
When you purchase in the Republic of Panama, you will discover a larger number of civilities than in other resigning sky, for example, Costa Rica, the expenses are basically lower and also wrongdoing rates. In the Republic of Panama you will discover less administration and less obstruction with the nearby specialists when is tied in with contributing.
The Republic of Panama is a standout amongst the most globalize nations in Latin America. Panama is additionally an individual from the (OMC) which remains for “Organización Mundial de Comercio” or “World’s Commerce Organization”, it is likewise part of the (ALCA) “Zone de Libre Comercio de Las Americas” or “Facilitated commerce Sector of the Americas” in which the Republic had the benefit to be the tradition community for a long time consecutively (2001 and 2003) and has just begun arrangements to be a piece of the (MERCOSUR) and (APEC).
You would not require extraordinary licenses or engravings past to your interest in the Republic of Panama. The Law of Stability of Investment (1998) shields every single outside speculator from any change on charges, the 10 year work laws and different expenses after a venture has been enlisted.
The Republic of Panama has proportioned different approaches to motivating force outside financial specialists which incorporate;
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* A US dollar based economy.
* Low swelling rates without danger of cash changes
* Total nonattendance of trade controllers
* Same treatment to nonnatives and local people
* One of the most adaptable nations on the planet
* No confinement to outside claimed enterprises
* No confinement to combinations, acquisitions or partnerships of shared hazard
* A current Free Trade Zone
* A substantial level of bilingual work drive
* The Republic of Panama is named #1 in the area for minimal effort of living and low
operational cost from the Tripartite Committee which comprises 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 completely secured by the OPIC, MIGA, IDB and other multilateral substances.
The Politic Risk Service (PRS) named the Republic of Panama to be one of the three nations in the half of the globe with best capabilities for speculation.
These are quite recently a portion of the reasons why Panama is the best place for your organizations and speculation.
Average cost for basic items IN PANAMA
The Republic of Panama has expenses of an underdeveloped nation in a first world nation. Panama Real Estate cost can be 1/10 of qualities in the United States and the typical cost for basic items is about ¼ to all chairman urban communities in the US. The following is a snappy rundown of chairman living expense as reference, much of the time retirees can Sell their present Living properties, get one better in Panama for ¼ of the cost and carry on with a superior Life Style for a long time with the ¾ of their deal, with change.
Evaluated Monthly Fixed Costs in US dollars:
Power in Panama $80.00
Water in Panama (Very Safe to Drink-The Best in Latin America) $20.00
Telephone Bills in Panama (Includes Monthly Fee and Estimated Usage) $50.00
Living Maid in Panama (If you can manage the cost of it its profoundly suggested) $150.00
PDA cost in Panama $50.00
Condominium Maintenance Fee in Panama $150.00
Network access in Panama (Residential) $20.00
Digital TV Service in Panama $50.00
Fuel in Panama (2.35 for every Gallon — Estimate) $50.00
Basic supplies in Panama (Monthly for Family of 4) $400.00
Fire Insurance in Panama (Building) $150.00
Medical coverage in Panama (Basic Coverage for Family of 4) $150.00
Auto Insurance in Panama (Based on a $25,000 Auto) $35.00
Non-public school Fees in Panama (per kid) $130.00 — $500.00
Extra Expenses
Non-public school Tuition in Panama $300.00
General Medicine in Panama $35.00
Dental practitioner in Panama consultancy $35.00
Exercise room month to month expenses in Panama $45.00
Supper at an extravagance eatery in Panama (2 pax) $50.00-$80.00
Motion picture theater expenses in Panama $3.50
Taxi charges in Panama $1.50
Assessment (ITBM) in Panama 5%
SECURITY IN PANAMA
The Republic of Panama is the most secure nation in Central and South America. It checks the most astounding capabilities on security for vacationers as indicated by the Pinkerton Intelligence Agency, is a warm, financial, agreeable and bold place to resign, contribute and live how you have dependably dream of.
Atmosphere IN THE REPUBLIC OF PANAMA
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The Republic of Panama checks with the perfect geological position and barometrical conditions. Here in Panama, you can locate the ideal atmosphere for al tastes, radiant, tropical, warm colorful shorelines and more than 1,200 islands that encompass us. In the meantime you can appreciate a new atmosphere at the high terrains of Chiriquí, El Valle, Boquete or Cerro Azul among the most prominent spots at a couple of hours from Panama City.
It is vital to specify that in the Republic of Panama there are no tropical storms, dynamic volcanoes or tremors on account of its favored topographical position.
The Republic of Panama tallies with to climatic stages “Dry” (December-April) and “Green” (April-December) seasons. The Green season its know for the radical changes of daylight and tropical rain that influences the nation “To green”.
The temperature in the Republic of Panama amid it is 27° C y 16°C-25°C in the valleys and mountains. The north breezes revive us amid “dry” season. The tropical downpours are more often than not in the middle of 5 to 45 minutes while the sky halfway opens and lets the sun beams enter or nation.
GENERAL INFORMATION OF THE REPUBLIC OF PANAMA
“Panama is by all accounts separated from Central America supported by its waterway, banks and an organized commerce zone” The Economist.
Topography IN THE REPUBLIC OF PANAMA
The republic of Panama involves 75,990 km2 with 9 regions: Bocas del Toro, Chiriqui, Colce, Veraguas, Darien, Colon, Los Santos, San Blas and Herrera. Up north the Panamanian coastline fringes the Caribbean Sea and the North Pacific on the Southern shore of our Isthmus at just 1hr from each other. On the west side of the Republic of Panama is Costa Rica and Colombia on the East Side.
Populace IN THE REPUBLIC OF PANAMA
The Republic of Panama has 2,839,177 million habitants (July, 2001). It is a blend of ethnicities from various starting points; Spanish champions, blacks and indigenous gatherings. Panama is a place where all societies impact.
RELIGION IN THE REPUBLIC OF PANAMA
The Republic of Panama has the accompanying religious insights; Catholics: 85% ; Christians: 12%; Orthodox: 3% “Hindus, Muslim and Buddhists”
Every single social gathering practice their religion uninhibitedly in the Republic of Panama.
Dialect IN THE REPUBLIC OF PANAMA
Spanish is the official dialect in the Republic of Panama. In any case, English is utilized as often as possible by Panamanians and organizations in the Republic of Panama.
POLITICAL SYSTEM IN THE REPUBLIC OF PANAMA
The Republic of Panama has a stable fair political framework who really advances the remote speculation. Panama is a free country that checks with a wide lawful casing which underpins the national security for Panamanians and outsiders.
Panama’s real president is Mr. Martin Torrijos.
Money IN THE REPUBLIC OF PANAMA
Since 1904, the Republic of Panama utilizes the Balboa as its money. The Balboa is identical to the US dollar which courses in the Republic of Panama too.
The Republic of Panama has kept up the most minimal swelling rates in the half of the globe (2%) over the most recent 40 years.
Voyager checks, Visa or charge cards can be utilized to makes installments in the Republic of Panama.
Managing an account CENTER
Panama City tallies with more than 150 global and nearby banks offering a current enactment on IBC’s (International Business Corpo
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