Panama typically ranks amongst the top favorite destinations for expats – and one of the best places to retire. With a tropical climate, an advantageous tax system, a vibrant capital and an eccentric culinary scene, it is seen by many as a land of opportunities. Here are many reasons why you should move to Panama:

US dollars is the official currency.

PANAMA taxation: Panama has several tax regimes that can benefit your business. If you work online or have your own business with international clients, your tax rates will be close to zero and you can save a lot of cash with the right company setup.

Income generated outside of panama is not taxed: Residents and non-residents are taxed only on their Panama-sourced income. Regardless of nationality or residency status, you are not required to report worldwide income for Panama taxation

Property taxes are 0% up to 120,000 and as low as 0.5 – 0.7% in higher cost properties. PLUS There are no wealth, gift or inheritance taxes.

PANAMA VISAS available when acquiring a property of at least $300,000 Opportunity to obtain legal permanent residency status in Panama leading to citizenship and a local passport.

NATURE’S PARADISE: World class bird watching, ranked in the top 3 deep sea fishing destinations in the world, home of the best and most expensive coffee in the world (that you can locally drink for a fraction of the cost).

POLITICAL AND ECONOMICAL STABILITY: Having the Panama Canal gives the country special stability since the world’s interests are all involved in the peace and stability of the country. The world is connected by the panama canal.