Why Panama for Offshore Banking & Asset Protection

Panama is the ideal offshore jurisdiction and a great place to live.

1. Panama enjoys a stable, democratically elected government. Panamanians love to vote and turn out is usually very high.
   
   
2. Panama's economic performance is, year after year, better than nearly every other Latin American country. For 40 years Panama's inflation rate averaged less than 2% per year, unheard of south of the US.  In 2006 annual growth is projected to be almost 8% and judging from the number of bulding cranes dotting the skyline it is not difficult to see why.
   
   
3. Comparing its neighbours, Panama has more amenities than traditional retirement in Mexico or Costa Rica -- but costs and crime rates are far lower.
   
   
4. There is far less red tape and less interference from local authorities.  Panama has one of the freest economies in the world and the freest in all of Latin America.
   
   
5. The government of Panama and its laws actually encourage foreigners to invest and live there.
   
   
6. Panama right now is one of the best places in the world to invest in real estate. Think of Costa Rica 15 or 20 years ago when it was just starting to be discovered. This is where we are at this moment.  Panama has been discovered but there is plenty room for a lot more property appreciation and therefore this is an ideal time to position oneself in the real estate market here.

If you're looking for a country of residency: Panama boasts one of the most attractive programs for foreigners on offer anywhere in the world. As a Panama "pensionado," you are eligible for discounts on just about everything you buy. If you buy or build a house you pay no property taxes for 20 years. As a resident you pay no taxes on foreign earned income. Panama has excellent asset protection, offshore corporation laws and the largest banking sector south of Miami.

Panama offers:

1. tropical weather;
   
2. a low cost of living;
   
3. reliability and efficiency absent in other Latin American countries;
   
4. favourable offshore banking laws;
   
5. a stable economy, with the US dollar as currency;
   
6. government investment incentives that slash tax rates and fees for entrepreneurs and;
   
7. a diverse geography from mountain ranges to tropical islands, from a booming metropolis to vast jungles.

Discover why we live and work in Panama and why it is the best overall offshore jurisdiction for most people.

View Panama's Secrecy Laws.