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In 2007 Panama benefited from roughly 1.7 billion dollars in direct foreign investment. This was about 9 percent of Panama’s gross national product. Compared to Venezuela which is busy nationalizing private assets Panama attracts foreign investment. In fact, Panama is also attracting expatriate talent from elsewhere in Latin America as well as North America. Panama attracts business and talent and Panama is prospering.

Panama

Panama is the narrowest point in the Americas where the Panama Canal connects Atlantic and Pacific. This tropical country has untouched rain forest and pristine beaches on both the Pacific and Caribbean coasts. Panama also has a first world infrastructure with the best roads, airports, ports, and telecommunications in Latin America. Panama is currently enjoying an economic boom and a flood of North American retirees attracted by easy residency laws.

The Panama Investment Climate Attracts Expatriate Talent

Panama’s business friendly laws attract foreign investment and foreign talent to this tropical paradise with a first world infrastructure.

Manufacturing and processing businesses in Panama which export their entire production receive substantial tax breaks and are able to import equipment duty free. This tax advantage is expected to become more and more valuable over time. Panama is taking advantage of the previously undeveloped parts of the Panama Canal Zone to promote assembly and export facilities and to upgrade its ports and container shipping infrastructure.

Not only are foreigners investing in business in Panama. Foreigners are moving here. Walk down Via España and notice the occasional “Yo soy Venezolano” tee shirt. This guy is likely not a tourist but a business man or professional who left Hugo Chavez’s nationalizations to pursue a new life in Panama.

Young North Americans have moved to Panama looking for business success. Taking advantage of Panama’s business investment visa these expatriates employ Panamanians and bring their business and professional talent to this thriving tropical country.

Foreign Investment in Panama Real Estate

Panama has become a retirement haven with its easy residency requirements. Many North Americans have purchased Panama real estate at low prices and are reaping the rewards of a steadily appreciating Panama real estate market.

However, it is has been the investment by expatriates as well as international companies in Panama real estate and Panama businesses that has helped fuel Panama’s impressive economic boom.

An example of large company foreign investment in Panama is Caterpillar’s training facility. Examples of expatriate businesses in Panama can be found in US News’ recent article on expatriates. Expatriates in Panama are not just investing in real estate with their dollars but are investing their talent and their lives in Panama. We suspect that over time the latter Panama investment may prove the more important.

If you are interested in investing in Panama or purchasing real estate come to see us at ABPanama. We have over 23 years experience managing real estate portfolios and would be pleased to help you develop a successful investment in Panama business and real estate.