LOCATION
Panama is located between Central and South America. It covers 29,208 square miles (75,517 square km) and is somewhat smaller than the state of South Carolina. Panama is between 50 and 120 miles wide (89 km and 192 km) and is bordered by 805 miles (1,287.7 km) of Caribbean coastline and 1,062.8 miles (1,700.6 km) of Pacific coastline.
 
CLIMATE
Panama has a tropical climate. Temperatures are around 80-90 degrees Fahrenheit (approximately 25-30 degrees Celsius).
 
TIME ZONE
Panama is in the Eastern Standard Time Zone (EST) five hours behind GMT.
 
SEASONS
There are two seasons, the "dry season" from December to April and the "rainy season" from May to November.
 
HIGHEST POINT
Volcan Barú 11,400.92 feet (3.475m)
 
CURRENCY
The currency is the "Balboa" which has the same value as the dollar. The dollar is legal tender in Panama, which doesn't print bank notes but only mints its own coins. Coinage is either Panamanian or the U.S. equivalent in 50¢, 25¢, 10¢, 5¢ and 1¢.
 
ELECTRICITY
120 volt, 60 cycles in all parts of the Republic.

See what ABC NIGHTLINE has to say about Panama



"Panama is the most beautiful retreat in the world and almost undiscovered."
Harper's Bazaar

And according to a recent article written by the American Association of Retired Persons (AARP), Panama ranks 4th among the top 15 world locations for a home away from home citing first-world infrastructure of roads, business services, exceptional medical care and telecommunications.

Panama is an incredible nation that is soon going to boom and according to "International Living Magazine", Panama will be "the world's next great retirement haven". Panama is currently passing through an economic crisis, so the opportunities for investors, retirees, or those just looking for a retreat are excellent. Panama is already beginning to become a sought-after retirement haven, so prices will increase, just like they have in other areas American's and Europeans have been attracted to - for example Mexico, Ireland and Costa Rica.

Panama has a sophisticated capital city, incredible rain forests, some of the finest ecotourism, bird-watching, thousands of exotic beaches and islands, world-class adventure, snorkeling, diving, sport fishing, white water rafting, exploring, rock climbing, fine restaurants, and incredible historical sites, not to mention the "8th wonder of the world", the Panama Canal


As a resident of Panama you will enjoy a lifestyle you have only previously dreamed of. You will live among a beautiful people, smiling, and cooperative. While many speak English, you will want to immerse yourself into the culture and the language of Panama. Spanish is the native language and there are many schools and private tutors available at nominal costs to get you started on your command of Español.

As a US citizen and a resident of Panama, you are entitled to earn as much as $80,000.00 annually without paying taxes to the American government. ( A check with your accountant will be in order to verify this and determine how this law will effect you.) Because of internet capabilities, your office in any country is as close as your computer. Many Panamanian residents are foreign born, working in Panama with little or no taxes paid to either their home government or Panama. A number of solutions to this are available in Panamanian and home country laws. We will point you in the right direction for advice on these issues in Panama. Your own accountant would be helpful to you in this regard at your current home base.

The lists of restaurants in Panama is endless. The night life is exquisite, shopping for anything in Panama city is a treat, the prices are inexpensive to ridiculously cheap.

"Known mostly for its Canal, Panama is in fact, an undiscovered paradise."
Boston Globe

  • English widely spoken
  • Exceptionally high quality of life
  • U.S. Dollar is currency of trade
  • Domestic services at very low cost. Example: live in maid for $130 month
  • Incredibly low overall cost of living
  • Permanent resident visa available with little "red tape". Assistance can be provided
  • 100 International banks
  • Second largest Free Trade Zone in the world
  • There are direct flights daily from Panama City to seven major U.S. cities: Los Angeles, Newark, Miami, Houston, Dallas, Atlanta, and Orlando, including a variety of European destinations.
  • Excellent hospitals and medical care
  • Numerous private bi-lingual schools
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