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For most people Panama has always been the country in Central America with the Panama Canal. In the last few years Panama has become the world's premier retirement destination. What many do not know is that Panama as well as much of Central America is in the middle of an economic boom and that Panama is a banking center with unique laws guarding the privacy of financial assets. Panama along with Costa Rica in Central America is a leading site for those seeking excellent medical care at a reduced cost.

Panama, the Central American Country with the Panama Canal

Located on the isthmus that connects Central and South America Panama is only fifty miles across at its narrowest point. Despite looking at other Central American locations Panama was chosen by the U.S. builders for the site of the Panama Canal. The construction of the Panama Canal was completed in 1914. It is still considered one of the world's great engineering achievements.

Retirement to Panama in Central America

Panama has become the premier retirement destination in the world. Panama has passed other Central American countries such as Costa Rica to become a retirement haven, especially for Americans. With reasonably priced real estate, a Central American low cost of living, and attractive residency laws Panama has attracted a steady stream of retirees buying real estate for the last ten or more years.

Panama Leads much of Central America in a Steady Economic Boom

Panama has the highest rate of U.S. investment of any country in Latin America. Along with the rest of Central America, Panama is investing in infrastructure improvements. Plan Puebla Panama includes Mexico, Colombia, and all of Central America including Panama. This project intends to invest billions of dollars in the improvement and linking of telecommunications, roads, port and airport facilities, and phone systems. The economies of much of Central America are going to get a boost when the Panama Canal expansion is completed increasing shipping to the East coast of Central America as well as Panama.

Banking and Financial Matters in Panama, Central America

Panama's banking district is second only to Switzerland in its concentration of banks. Panama has no banking treaties with any other nation. Its banking laws studiously guard client confidentiality making Panama the most private banking location among Central American countries.

Panama, this U.S. state-sized country in Central America, has two useful financial vehicles for those interested in keeping their financial affairs private. These are the bearer share corporation and the Panama Foundation. A combination of these two financial vehicles virtually guarantees privacy of your assets in Panama in Central America.

Panama and Costa Rica lead Central America and most of the World in Medical Tourism

Medical tourism is the practice of leaving one's home country to seek health care. Usually this is done to save on cost or to find treatments not available at home. In Central America both Panama and Costa Rica rank high in medical tourism. Panama has a large number of well trained physicians and surgeons, often Board Certified in the U.S. or Canada. Come to Panama for surgical procedures by excellent physicians at half the U.S. cost.