Living and investing in Panama

Living and Investing in Panama
By Christopher Howard
ISBN 1-881233-12-X
Printed version: http://stores.lulu.com/store.php?fAcctID=711086

More than 15,000 Americans currently live in Panama. This figure is not surprising since the Panama Canal Zone was under U.S. control until the year 2000. As a result Panamanians learned to provide many services which are up to U.S.standards. Even neighboring Costa Rica, with all of its advances, cannot compare to Panama because of the deeply embedded U.S. influence. Although Panama’s official language is Spanish; English is widely spoken in the Panama City area. Another reason for living in Panama is country’s nearperfect climate. Cooler year-round spring-like temperatures maybe found in mountain areas like Boquete. Modern Maturity Magazine (AARP) considered Boquete the fourth most desirable place in the world for retirement living partially due to its great climate. Panama City is one of the most vibrant modern and prosperous cities in Latin America with over one million people. The city’s array of tall skyscrapers are reminiscent of Miami. It boasts incredible shopping, where almost any product from the U/S. may be easily found. At the same time you never feel crowded. Panama has the highest rating for tourist safety from the Pinkerton Intelligence Agency. Anyone seeking an alternative way of life, will find Panama the ideal place to live. You will find Panama a place where you can maintain your current lifestyle for less money. Panama offers the world’s best incentive program for retires. Residents pay NO local taxes on their foreign earned income. Many Americans living below the poverty line in the United States can live in moderate luxury on a modest retirement or investment income in Panama.You will not have to worry about an unfavorable exchange rate since the U.S. dollar is the official currency. The cost of food, utilities and entertainment are all substantially lower than in the United States. Panama’s affordable medical care is among the best anywhere....