For many years Panama’s inflation rate has been much lower than the rest of the world, and even in these changing times, Panama still remains affordable today. Panama’s GDP in 2007 was a very impressive 11.2%, and it is estimated to be close to 10% for 2008. Panama’s government has taken great strides to create investment laws to encourage foreign investments. One of the most important establishes that foreigners investing in Panama are equally protected as are nationals, and those laws, on the whole, have enabled Panama to exceed its foreign investments by over one billion dollars compared to its northern neighbor, Costa Rica.

The advantages offered by Panama include a stable economy and government, a sophisticated international banking center, and the use of the US dollar as its legal currency. Panama also features state-of-the-art fiber optics communications systems that allow instant contact worldwide as well as high-speed Internet, and has become a major call center for a growing number of renowned international firms.

One of the most recent positive changes for investors in real estate pertains to the property tax exemption law for new properties during the first 20 years that has been reinstated by the government. This is a major incentive that will benefit many who will be able to save substantial amounts during those years. This is one of several investment opportunities that you can take advantage of by purchasing your chosen residence directly through The Group where you will be attended to during the entire property selection, purchase and delivery process rather than going through a broker and incurring unnecessary expenses.

A growing number of businessmen, retirees and investors are relocating to this paradise at the Crossroads of the World. Businessmen, in particular, are finding that with the many benefits and incentives that the Panamanian Government has made available to investors, Panama is the ideal location for establishing their companies because of its facilities for warehousing, importing and exporting their goods, as well as providing after-sales support. Additionally, Panama is a hub for air transportation with excellent connections to countries around the world. And, of course, the Panama Canal serves the world for ocean shipments and traveling. Its $5.25 billion expansion program is already underway, which is yet another enormous investment in the country’s future. Therefore, companies such as Procter and Gamble, Hewlett Packard and many others are establishing their offices in Panama to participate in the great opportunities available here.

We invite you to know more about the many features and benefits that Panama has to offer. Contact us and we will be sure to give you all the information you need in order to be knowledgeable about the advantages to be found in this marvelous country.