|
- The Panama Canal and the long standing involvement
of the United States, (Panama has the highest
per capita US investment in all of Latin America
is one reason why Panama's infrastructure
is far and away the best in Central America.
Highways, airports and shipping centers are
extensive and well maintained.
- The Panamanian currency is the US dollar,
which is of tremendous importance in attracting
foreign investment. (Panama does mint coins
which are identical in size and weight with
US coins and of the same value.)
- The government is stable and the business
climate is optimistic. British Cable and Wireless
recently won the bid for controlling interest
of INTEL, the government phone company, with
a bid of $625 million. Cable and Wireless
subsequently announced that they would invest
an additional $572 million over the next five
years to expand and modernize the existing
system.
- More than $800 million of foreign investment
has been made in the new Canal Zone Industrial
Center.
- Panama is an international banking and finance
center that has no restrictions on the movement
of money in or out of the country. It is also
legal and very simple to form truly anonymous
corporations.
- The Tourism Master Plan includes incentives
to encourage investment in Panama which include
no income or capital gains taxes for twenty
years and the importation of a wide variety
of goods duty free (when they are related
to a tourist business).
- There is a large indigenous peoples influence
in Panama which contributes greatly to the
charm of the country. (The Kuna Indians of
the San Blas Archipelago for example.)
- There are no real estate taxes for twenty
years on any new construction. This should
help increase the number of homes to be constructed
on the subdivided property.Panama is an Indian
word meaning "place of many fish".
- In Panama, the sun rises over the PacificOcean.
- To travel the canal from Atlantic to Pacific
you travel east.
- Panama's highest mountain is Volcan Baru and
from its summit you can see the Atlantic and
the Pacific Oceans.
- Panama has 500 rivers and 1600 islands.
- Panama has approximately 900 species of birds.
- Panama has the highest per-capita income,
the largest foreign investment and the most
highly developed economic infrastructure in
Central America.
- The U.S. military has intervened in some form
in Panama 18 times since 1850.
- Large portions of the Darien rainforest in
southern Panama remain unexplored.
- Sir Francis Drake was buried at sea in a lead
coffin near Portobelo.
[ Home ] [ Houses ] [ Lots ] [ Islands ] [ Tract / Farms / Restoration Projects ] [ Commercial ]
[ Rentals ] [ Real Estate Laws ] [ Why Panama ] [ Bocas del Toro ] [ Photo Gallery ]
[ Contact Our Office ] [ Internet Links ] [ Bocas Water Sports ]
|
