Undoubtedly there are a lot more, but here we aim to simplify your life. Panamá offers multiple benefits to foreigners which positions it as one of the countries with the best quality of life for its international residents. 

1.- Visas

Panama has multiple bilateral agreements, as well as categories that facilitate the process of temporary or permanent residency for foreigners in the country. 

Even though the process has to be conducted by a local attorney, it is not extensive nor bureaucratic and it allows the foreigner to develop almost all economic activities. 

It is because of this that when comparing Panamanian migratory requisites to others in the region of Central and South America, the Panamanian visa is probably one of the best of the region.  

2.- Taxes

For years, Panama has been fulfilling all the required regulations established by international organisms regarding taxation. Even so, local legislation does not have the obligation of producing tax reports for income generated beyond the country’s borders, which allows its residents to minimize their income without breaking the law. 

Furthermore, the State does not require a minimum annual stay allowing for even better possibilities. 

3.- Connectivity

The so called “Hub of the Americas” is today in age one of the airports in the region with the greatest connectivity. The majority of main commercial airlines fly into Tocumen from America and Europe, which makes it tremendously efficient in terms of movement.  

If we add to this the famous “Panama Canal”, the maritime connection between the Atlantic and Pacific Ocean, the country presents competitive advantage against all the countries in the region and offers unique commercial opportunities.

4.- Stable Economy

It is not without reason that global economic organizations have praised that “quantum leap” of Panama. With sustained growth over the last 15 years and with positive projections for the next lustrum. The country will lead the GDP per capita in the region surpassing Chile.

With the Canal expansion, the country is exploiting its benefits to the maximum, beyond the public investment, the country is aiming towards the development in other industries such as logistics, telecommunications, finance, services and mining. 

Unbeatable projections are transforming Panama into the stellar student of the region. 

5.- Lifestyle

Panamá has it all. That is the best summary that could be made about lifestyle in the country.  One of the most developed capitals in the continent, with nightlife 365 days per year and international and local gastronomy that is creating a name for itself worldwide, placing in the main rankings. Luxurious sport facilities for all interests and commercial malls where the main worldwide brands can be found.   

But if the city life is not for you, Panama offers unique places where you can engage in one of a kind experiences. You only need to make the choice of exploring it deeply and fall in love with every corner in the country as well as its people. 

This information was developed by Panama Living, a digital platform committed to collecting, researching, and disseminating all the necessary information to turn your interest in Panama into a pleasant and enriching experience.