Why-the-Republic-of

Why the Republic of Panama?

Panama is greater than just a Canal…it is definitely way a lot more! The Republic of Panama is a cosmopolitan metropolis with a superb biodiversity of nature where you can locate a mix between tranquility and a well developed city.

In fact, Panama is a paradise to invest, to enjoy, to shop, a paradise of service, of friendly people, with seven ethnic Indian corporations that nonetheless preserve their millenary traditions, with a Canal serving the world in between two oceans, a Canal considered to be the eight surprise of the world, with a variety of the most well-known international chains of hotels, convention facilities and a sustainable ecology in development, Panama is this and way an awful lot more!

Panama is considered to be in the 3rd position for “best location to retire in the world”; The Republic of Panama is additionally regarded to be the exceptional vicinity to live backyard the United Estates. This is in accordance to the famend “International Living” magazine and specialists that promote the life fashion of US residents retired in foreign countries. The “American Association of Retired Persons” a magazine for retired people, has additionally considered Boquete and Chiriqu¡ in the Republic of Panama to be one of the four quality locations to have a domestic outside home. This rating was once given after ten key symptoms that blanketed security, beauty, costs, climate, political steadiness and others.

Everything is incredibly shut and available in the Republic of Panama “Center of the World and heart of the Universe” counting with direct flights from the United Estates, Europe, Asia and Latin-American, with extra than one hundred fifty personal banks, enterprise facilities where you can purchase or promote any kind of product at the quality global prices. Panama is a business empire!

The Free Trade Zone (Colon City) in the Republic of Panama is the second most necessary alternate middle of the World after Hong Kong. This position is given considering Panama has the excellent route or shortest from the Pacific to the Atlantic Ocean to go world trade. For these reasons, the Republic of Panama provides a remarkable range of Malls (Multiplaza, Multicentro, Los Pueblos and others) and duty free shopping centers with an fantastic relation between satisfactory and charge the place you will be able to trip the pleasant shopping of your life!

INVESTING IN THE REPUBLIC OF PANAMA:

When you buy in the Republic of Panama, you will find more facilities than in other retiring heavens such as Costa Rica, the charges are honestly decrease as nicely as crime rates. In the Republic of Panama you will locate much less forms and much less interference with the nearby authorities when is about investing.

The Republic of Panama is one of the most globalize international locations in Latin America. Panama is also a member of the (OMC) which stands for “Organizaci¢n Mundial de Comercio” or “World’s Commerce Organization”, it is additionally phase of the (ALCA) “Area de Libre Comercio de Las Americas” or “Free Trade Sector of the Americas” in which the Republic had the privilege to be the conference core for 2 years in a row (2001 & 2003) and has already commenced negotiations to be section of the (MERCOSUR) and (APEC).

You would not require special permits or inscriptions previous to your investment in the Republic of Panama. The Law of Stability of Investment (1998) protects all foreign investors from any exchange on taxes, the 10 year labor laws and different fees after an funding has been registered.

The Republic of Panama has proportioned various ways to incentive foreign traders which include;

* A US dollar based totally economy.

* Low inflation rates besides chance of forex changes

* Total absence of alternate controllers

* Same remedy to foreigners and locals

* One of the most flexible nations in the world

* No restriction to overseas owned corporations

* No restrict to fusions, acquisitions or corporations of shared risk

* An present Free Trade Zone

* A giant share of bilingual labor force

* The Republic of Panama is nominated #1 in the area for low value of residing and low
operational cost 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 definitely included through the OPIC, MIGA, IDB and different multilateral entities.

The Politic Risk Service (PRS) named the Republic of Panama to be one of the three countries in the hemisphere with pleasant qualifications for investment.

These are simply some of the reasons why Panama is the best location for your organizations and investment.

COST OF LIVING IN PANAMA

The Republic of Panama has prices of a 1/3 world u . s . in a first world country. Panama Real Estate value can be 1/10 of values in the United States and the fee of living is about ¬ to all mayor cities in the US. Below is a speedy list of mayor residing fee as reference, in many instances retirees can Sell their current Living properties, purchase one higher in Panama for ¬ of the cost and live a higher Life Style for many years with the ? 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 can find the money for it its distinctly recommended) $150.00

Cell Phone price 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 kid) $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 monthly fees in Panama $45.00

Dinner at a luxurious restaurant in Panama (2 pax) $50.00-$80.00

Movie theater charges in Panama $3.50

Taxi costs in Panama $1.50

Tax (ITBM) in Panama 5%

SECURITY IN PANAMA

The Republic of Panama is the safest usa in Central and South America. It counts the highest qualifications on protection for vacationers according to the Pinkerton Intelligence Agency, is a warm, economic, satisfied and adventurous location to retire, make investments and stay how you have usually dream of.

CLIMATE IN THE REPUBLIC OF PANAMA

The Republic of Panama counts with the best geographical function and atmospheric conditions. Here in Panama, you can find the best local weather for al tastes, sunny, tropical, heat exclusive seashores and over 1,200 islands that encompass us. At the identical time you can enjoy a sparkling climate at the excessive lands of Chiriqu¡, El Valle, Boquete or Cerro Azul amongst the most popular spots at a few hours from Panama City.

It is very necessary to point out that in the Republic of Panama there are no hurricanes, active volcanoes or earthquakes due to the fact of its privileged geographical position.

The Republic of Panama counts with to climatic degrees “Dry” (December-April) and “Green” (April-December) seasons. The Green season its be aware of for the drastic changes of solar mild and tropical rain that makes the u . s . a . “Green”.

The temperature in the Republic of Panama in the course of the year is 27ø C y 16øC-25øC in the valleys and mountains. The north winds refresh us at some point of “dry” season. The tropical rains are commonly in between 5 to 45 minutes whilst the sky partially opens and lets the sun rays penetrate or country.

GENERAL INFORMATION OF THE REPUBLIC OF PANAMA

“Panama seems to be apart from Central America sustained by using its canal, banks and a free alternate zone” The Economist.

GEOGRAPHY IN THE REPUBLIC OF PANAMA

The republic 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 each other. 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 mix of ethnicities from one of a kind origins; Spanish conquerors, blacks and indigenous groups. Panama is a vicinity where all cultures collide.

RELIGION IN THE REPUBLIC OF PANAMA

The Republic of Panama has the following spiritual statistics; Catholics: 85% ; Christians: 12%; Orthodox: 3% “Hindus, Muslim and Buddhists”
All cultural organizations exercise their religion freely in the Republic of Panama.

LANGUAGE IN THE REPUBLIC OF PANAMA

Spanish is the legit language in the Republic of Panama. However, English is used frequently by means of Panamanians and organizations in the Republic of Panama.

POLITICAL SYSTEM IN THE REPUBLIC OF PANAMA

The Republic of Panama has a stable democratic political system who without a doubt promotes the foreign investment. Panama is an impartial state that counts with a broad felony frame which helps the countrywide safety for Panamanians and foreigners.
Panama’s genuine president is Mr. Martin Torrijos.

CURRENCY IN THE REPUBLIC OF PANAMA

Since 1904, the Republic of Panama makes use of the Balboa as its currency. The Balboa is equivalent to the US dollar which circulates in the Republic of Panama as well.
The Republic of Panama has maintained the lowest inflation rates in the hemisphere (2%) in the closing forty years.
Traveler checks, credit score card or debit playing cards can be used to makes payments in the Republic of Panama.

BANKING CENTER

Panama City counts with over a hundred and fifty global and local banks offering a contemporary legislation on IBC?s (International Business Corporations), Private Interest Foundations, excessive activity charges on certificates of savings and more! Banks such as Citibank, HSBC, BNP/Paribas and Dresdner are some of the ones you will discover in the Republic of Panama.

TIME IN THE REPUBLIC OF PANAMA

The reputable time of the Republic of Panama is the same as the East Coast of the United Estates which is (GMT-5).

ELECTRIC POWER IN PANAMA

The electric powered power in the Republic of Panama goes at 110w-60hz and 220w.

TELEPHONE SERVICE IN THE REPUBLIC OF PANAMA

Internet, smartphone traces and cell-phone services are excellent. You can make or get hold of worldwide telephone calls in Panama City. The usa code for the Republic of Panama is 507.

TRANSPORTATION SERVICES IN THE REPUBLIC OF PANAMA

Because of having an exquisite geographical role and one of the most vital routes in the world for worldwide trade, “The Panama Canal”, our united states of america is one of the most vital spots for logistics on transportation and cargo offerings in the world.

The Republic of Panama counts with present day ports on the Atlantic Coast as properly as the Pacific Coast. Our ports are related with a Panamanian Rail Way. We count number with fantastic roads, national and global airports in which all are succesful of processing cargo.

The Republic of Panama provides one of the most vital maritime systems of industrial routs in the world.The public transportation price in Panama City is of much less than 25cents of a US dollar; taxis costs in Panama City starts from $1.00 USD per passenger, in case of an greater passenger you add a 25% or 25cents per dollar.

You can attain any province of the Republic of Panama via de Albrook bus terminal or by contacting a local tour operator. We propose a personal tour offerings such as the fist non-public tour provider in the Republic of Panama. (www.panamaprivatetours.com).

An example of the price for a bus ticket to David, Chiriqu¡ is of $10.60. However, this may also take long hours and a few stops to eat, etc. In order for you to tour at ease we recommend a neighborhood tour operator as mentioned above.

DRIVERS LICENCE IN THE REPUBLIC OF PANAMA

Any driver’s license is valid in the Republic of Panama for ninety days. However, you should constantly carry your passport in case you get stopped through a police officer. The minimal age required to obtain a drivers license in the Republic of Panama is of 18 years of age.

MEDICINE AND MEDICAL SERVICES IN REPUBLIC OF PANAMA

The Republic of Panama provides clinical services that are top rated like in the United Estates and other countries. Panamanian medical top requirements include the public and private provider as well. You can find a extensive range of hospitals, pharmacies, laboratories, ambulance services; insurance plan organizations that are just a section of a complete clinical carrier system and medical specialties that are observed in Panama and Central America. In Panama you will additionally find a large wide variety of medical professionals; surgeons, medics, paramedics, nurses with tremendous journey that will confirm the excellent clinical help for you and your family.

The Panamanian health middle “Ministerio de Salud”, is the organization in charged of determining and conducting fitness politics in the Republic of Panama.

EDUCATIONAL SERVICES IN THE REPUBLIC OF PANAMA

Private and public faculties in Panama are supervised below the Panamanian Minister of Education. Panamanian faculty structures are organized below principal and secondary “high school” tiers which are six years each. University tiers are also offered in the Republic of Panama. There are additionally a few US universities such as Louiville and Florida State University. The Republic of Panama has over 20 unique universities.

Monthly prices for School Trasnportation in 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 modern fine country for ecotourism. The special geographical role that Panama has “a bridge connecting two continents” gives the opportunity to revel in charming primitive tropical rain forests and a biodiversity that counts with over 944 fowl species. This is greater than in the United Estates and Canada together!

It is handy to know, that all this nature is reachable at only 1 hour from Panama City. Panama’s National Parks are large with nearly 5 million acres in size; this makes 25% of Panama’s whole size. Panama has lots unexplored virgin forests and for those who have, there is a local saying: while in other countries you see 20 tourists gazing one fowl specie, in Panama you locate one vacationer staring at 20 species.

Panamanian National Parks that we advocate you to visit:

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. Dari‚n National Park

8. El Cop‚ National Park

9. Camino De Cruces National Park

10. Metropolitano National Park

11. Portobelo National Park

12. Sarigua National Park

13. Soberan¡a National Park

14. Volc n Bar£ National Park

We can’t go away our beautiful beaches behind! Panama has over 1,200 islands and 2,400km of coast which include the Pacific and Atlantic coast together. There is a wide range of seashores to choose from beginning from all inclusive inns to fascinating getaways. Both coasts in the Republic of Panama are separated through solely 55 miles, this capacity that you ought to snorkel on the Atlantic coast in the morning and bathe in the Pacific after.

Many international professionals are impressed by means of the world type journey that river navigation presents in the Republic of Panama. This includes kayaks, tubes, rafts and motorized river boats. Panama has river sites the place you could discover 20 rapids in one afternoon. Canoe excursions, excursions, rappelling and surfing offers comparable experiences to every person looking for severe adventures.

The Republic of Panama is characterized with the aid of its fishing. Even from Pre-Hispanic times, the rumors were that Panama had abundance of fish in its coasts and that “Panama” intended abundance of fish in nearby Indian dialect.

There are many picks for fishing in the Republic of Panama. The most charming factor is that you ought to fish at a brief distance the following styles; fly fishing, trout or large game fishing at Pi¤as Bay.
We advocate http://www.panamaprivatetours.com as the most at ease and non-public choice to journey in the Republic of Panama.

HOW TO GET INTO THE REPUBLIC OF PANAMA

The following lists of international locations do no longer 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 get right of entry to the Republic of Panama:
Chad, Chipre, Egypt, ilipines, Peru, Dominican Republic, Thailand, Ecuador.

Countries that can get into the Republic of Panama the use of a traveler 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 closing nationalities require authorization and visas to get entry to the Republic of Panama.

Estamped Visa: You can get a stamped visa at Panamanian Consulates in your country.

Authorized Visa: The approved visa can be bought at Panamanian consulates in your county with direct authorization from Migration in the Republic of Panama as well as an authorization from the Panamanian Security Council.

Tourist Card: This card can be bought for $5.00 USD and is offered at tour businesses or airlines. Every vacationer ought to have a legitimate passport besides US residents that would only need to present a valid ID.

HOW TO SEND YOUR PET INTO THE REPUBLIC OF PANAMA

The following listing of requierements are for the pet fanatics who wish to bring thei own domestic animals into the Republic of Panama.

– The first step to bring a pet into the Republic of Panama is to get a preserve of a health and rabies certificates given with the aid of a veterinary. Both files should get stamped by way of the Panamanian Consulate.

– Three (3) days earlier than the animal’s arrival, you have to existing an software to the Department of prevention and manipulate of Zoonosis. The record ought to include the usual data of the animal; age, sex, color, name, etc. The flight number, airline, owner’s facts ought to be given as well. This software must specify the duration of the animal; permanent or temporary.

– You must pay the amount of $130.00 USD in concept of quarantine to the National Bank of Panama. This branch is placed in the International Airport.

– Alter providing the National Bank’s receipt to the branch of quarantine, you will be free to experience your pet’s company in the Republic of Panama.

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