JA
LAW GROUP
Why Panama?
Panama, strategic place for business
The opening of the Panama Canal, in 1914, has been an important commercial pole and a strategic business crossroads for Panama. Financial services and numerous manufacturing companies have come to complement the canal's industrial and commercial activity, becoming the main engines of national economic growth.
With the expansion of the Panama Canal, a third set of locks increases the service capacity of large ships and doubles the installed capacity of this maritime strait, generating new jobs.
Safety in Panama
Panama is one of the safest countries in Central America, with an annual homicide rate estimated at 18% (18 homicides per hundred thousand inhabitants), according to figures from the National Criminal Statistics System of that nation and endorsed by the World Bank.
Although it is not a society exempt from crime and criminal acts, an air of security and tranquility is breathed in its cities. Numerous Latin Americans have found in the Panamanian capital the happy home, devoid of chronic violence, that they sought for the safety of their family.
Adaptation in Panama
People who move to Panama favorably adapt to Panamanian culture and idiosyncrasies. In addition to the fact that Panama has geographical proximity to many of these people, Panama is, on average, between three and five hours away from almost the entire American continent. It is also worth noting that they manage to establish a large networking group with other foreigners, which facilitate access to the job market, commercial and investment activities.
Investment plans in Panama
Panama has become an ideal destination for investment plans, since it has great economic development, legal and personal security.
The country is perceived as a business center,in which the government develops public policies that encourage the arrival of foreign capital.
A good number of Panamanian businessmen have been educated in the United States and do business prioritizing practicality and adherence to the law. So same, owners and managers are open to cultural diversity and know how to work with foreigners.
Ideal destination for retirees and pensioners
Panamanian legislation establishes visas that favor the permanent residence of foreigners who earn a life pension. Many people think of Panama as the "tropical paradise" where they can spend long periods of time as residents.
The laws of the country grant preferential treatment to the elderly, which includes care and special prices for various services. Retirees enjoy the peace of mind of living in safe country, with an extraordinary climate, beautiful beaches and, above all, a society that respects the foreign residents.
USD in Panama
Panama's economy is based on the US dollar (USD), which is the country's official currency. The balboa (PAB), Panama's own currency, is equivalent in size and value to the US dollar.
This means an enormous economic advantage for many immigrants, who must send international funds (remittances) to help support their relatives in their respective places of origin.