A stable government, an impressive GDP growth rate, a thriving entrepreneurial environment and good proximity to the US are the main reasons investors are looking at Panama. Its large expat community includes Europeans and Americans, many of whom have chosen to retire there.
It appeals both for lifestyle and investment. Panama is an easy place to live. It has a delightful tropical climate but is outside of the hurricane belt. The cost of living is low, its currency is pegged to the US dollar and while Spanish is the official language English is widely spoken.
Meanwhile the economy, dominated by the recently enlarged and improved Panama Canal, is buoyant and the government has introduced several forward-looking and helpful initiatives to encourage tourism and investment aimed at both large and small investors. The tax-free zone of Colón is one example.
From the buzz of a modern apartment in Panama City to the palm trees of the coast there are many opportunities to invest. Favoured beach communities include Santa Catalina and Bocas Del Toro while mountain high spots include the province of Chiriquí, home to Boquete and Volcan. Boquete, a town close to the border with Costa Rica is hugely popular with international buyers and offers apartments and houses in gated communities.