- Real Estate
- Emigrate as a pensioner
The culture of Panama is diverse and rich in influences from different ethnicities and historical developments. Here are some characteristics that distinguish the culture of Panama:
The culture of Panama is rich and diverse and has historical, cultural and ethnic roots that make it unique. The people of Panama are known for their hospitality and friendliness towards visitors and love to share their culture and traditions.
The climate in Panama is tropical and is mainly influenced by the proximity to the equator and the two coasts – the Pacific coast in the west and the Caribbean coast in the east. Here are the main characteristics of the climate in Panama:
Panama is a multicultural country and accordingly several languages are spoken. The main languages in Panama are:
For emigrating to Panama with the family, the country’s school system obviously plays a major role:
The school system in Panama is federally organized and is under the supervision of the Ministry of Education (Ministerio de Educación). The education system in Panama includes different levels of education, from elementary school to higher education. Here is a general overview of the school system in Panama:
The health care system in Panama has evolved in recent years and is generally well established. Here are some important features of the health care system in Panama:
For emigrating to Panama, there are certain vaccinations that may be recommended or even required under certain circumstances. Here are some of the common recommendations and requirements:
It is advisable to consult a doctor or travel medicine specialist before immigrating to Panama to ensure that you receive the proper vaccinations and take the recommended health measures. Compliance with immunization requirements and health guidelines can help protect your health and public health in Panama.
The tax system in Panama is an attractive aspect for international businessmen and investors as it offers some tax advantages. Here are some important features of the tax system in Panama:
Panama offers certain legal opportunities to save taxes, especially for foreign investors and companies. These tax incentives are part of the government’s efforts to attract foreign investment and position Panama as an international financial and trading center. Here are some of the ways taxes can be legally minimized in Panama:
For more information on taxes, the economy and the well-known Panama Papers, see our blog post: Paradise for Tax Optimizers.
The economy in Panama has developed dynamically in recent decades and is now one of the strongest in Latin America. Here are some important characteristics and aspects of the Panamanian economy:
Since prices can change constantly even in a strong economy like Panama’s, we refer here to the Cost of Living website. This constantly updates its values and thus keeps you up to date.
As an immigrant in Panama, you have the option to buy or rent real estate. Panama has an open policy for foreign investors and offers various opportunities for the acquisition of real estate. Here is some information about it:
As an immigrant in Panama, you have the opportunity to start a business or invest in an existing business. The Panamanian economic system is open to foreign investors, and there are several business structures you can take advantage of. Here is some important information about it:
Panama offers foreign entrepreneurs a favorable business environment that is attractive due to its geographical location and economic stability. However, before you start a business, you should carefully review all legal and tax requirements and ensure that you obtain all necessary permits and licenses.
Immigrants in Panama can establish different business forms, depending on their business goals, needs and capital resources. Here are some of the common business forms available in Panama:
Various visa options are offered for emigration to Panama, depending on your personal circumstances, professional plans and purposes of stay. Here are some of the common visa options to immigrate to Panama:
Panama is often considered one of the safest countries in Latin America, and it has a lower crime rate compared to some of its neighboring countries. However, security in Panama varies by location and region, and it is important to keep some security aspects in mind:
It is always advisable to read the current travel advice and safety warnings of the German Foreign Office.
We refer here to the German Foreign Office: Safety advice Panama.