Panama is a country located on the isthmus that unites Central America and South America. Famous for its canal, which is a milestone of human engineering, it crosses its center and units the Atlantic and Pacific oceans to create an essential maritime route.
A country for those who seek the unexpected, that challenges you to see more. Its unique location will offer you a wonderful experience. In Panama you will find rainforests, a desert, and spectacular beaches on both the Caribbean and Pacific coasts, all just a short drive from a cosmopolitan city.
In general it has a tropical climate, very hot throughout the year on the coasts and lowlands, changing inland as altitude is gained, with temperatures being pleasantly cool towards 1000 meters above sea level and cold above 2000 meters above sea level.
It is the southernmost country in the region, and also one of the most biodiverse. Due to its proximity to South America, Panama has greater biodiversity than other countries in the region, and is home to several South American species.
In Panama there are seven indigenous cultures that practice ancestral customs. There are also museums, archaeological sites, and three historic colonial cities with fortresses, churches, and convents dating from the 16th to 19th centuries.
Folklore varies in each region and is represented by the typical costume, the skirt, traditional food and dishes, as well as music and dance.
Politically, its territory is made up of ten provinces and six indigenous regions and thanks to its geographical position, it currently offers the world a wide platform of maritime, commercial, real estate, and financial services, including the Colon Free Zone, the largest free zone on the continent, and the second largest in the world.
Panama's economy is one of the most stable in America. Among the main activities are financial, tourism, and logistics services, which represent 75% of GDP. In 2020, GDP contracted 17.7 percent, the most significant in the region due to the service-oriented structure of its economy, but the economic rebound was strong at 15.8 and 10.8 percent, respectively, in 2021 and 2022.
Panama has become a place for commercial, financial, and real estate investments thanks to its growth in the economy, population growth, and its economic stability.
Why invest in Panama?
- Privileged geographical position.
- International banking and financial center.
- The dollar as legal tender.
- Style and quality of life at an affordable cost.
- Benefits for establishing new multinational companies.
- Highly developed infrastructure and advanced technology.
- Option to apply for residency through friendly country programs or as a qualified investor.
