Panama, Spanish: Panamá, officially the Republic of Panama (Spanish: República de Panamá), is a transcontinental country in Central America and South America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.
Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties led to the transfer of the Canal from the United States to Panama on December 31, 1999.
Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors. It is regarded as a high-income country. In 2018 Panama ranked 66th in the world in terms of the Human Development Index. In 2018, Panama was ranked seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO, and NAM.
Business Investment: Invest in a commercial call center, export related. No minimum investment. PAB 1,050 (US$ 1,050) Fees.
Agricultural Investment: Qualified forestry plantation/reforestation investment of minimum 5 hectares, minimum PAB 80,000 (US$ 80,000) + PAB 1,050 (US$ 1,050) Fees.
Business Investment: Company Formation. Minimum paid-up capital: PAB 160,000 (US$ 160,000) + PAB 1,050 (US$ 1,050) Fees.
Real Estate Investment
Real Estate Investment: Minimum PAB 300,000 (US$ 300,000).
Real Estate Investment + Person of Means
Real Estate Investment + Person of Means: Invest a minimum of PAB 300,000 (US$ 300,000) in real estate and/or a fixed deposit, or a combination of both.
Person of Means
Person of Means: Deposit PAB 300,000 (US$ 300,000) into a personal Panamanian Bank + PAB 1,050 (US$ 1,050) Fees.
Capital: Panama City
Currency: Panamanian Balboa
Continent: North America
Free Trade Agreements: Panama-USA
Visa Free Travel:
Residency: 6-24 Months
Citizenship: 36 Months
Visa Free Travel
Cost of Living
Copyright © 2014 - 2020 | All rights reserved