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PANAMA

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The Republic of Panama is a Central American country between Costa Rica and Colombia, the Caribbean Sea and the Pacific Ocean. Panama enjoys a tropical climate all year round, political stability and a solid economy. These characteristics help make Panama an excellent place to live and an incredible investment opportunity..

With a population of 3.4 million inhabitants, Panama has a real GDP growth rate of 9.7% in 2008, according to official data. Construction, tourism and commerce are its main sources of income given its strategic location.

Panama is where the internationally known Panama Canal is located – this canal allows access and communication between the Atlantic and Pacific Coasts -. It is also home to Zona Libre de Colón (Colombus Free Zone), the largest free trade zone of the western hemisphere and the second largest in the world.

This central American country is currently undergoing a stage of economic growth, with heavy foreign investment, an increase in the services sector, and the handing over of the Canal to national power. The construction sector requires a special mention, as it has become the most profitable source of income in the country . The investors are looking to establish retirement communities and tourist complexes, in order to take advantage of the natural spaces, which stand out due to the lush vegetation, tropical forests and savannahs.

Panama is an emergent paradise with great potential, which offers unique business opportunities in Central America.