Five Reasons to Buy Your Second Home in Panama

Imagine living in a place with stunning white-sand beaches stretching as far as the eye can see and where you can enjoy warm weather 365 days a year. Panama borders Colombia and Costa Rica, and is only hours from North America. It’s easy to understand why so many Americans choose to relocate here.

1. Diversity

Panama attracts people who look to relocate, live, invest or retire. The city has everything you would want in a city — friendly people, attractive weather, good shopping, exciting nightlife, casinos, theaters, cinemas and tasty food. Panama’s unique cuisine is influenced by Hispanic, African, European, native Indian and Chinese immigrations. It’s not difficult to fall in love with Panama and the beauty of the land.

Santa Clara Beach © Thomas Walker

2. Great Business Opportunities

As the region’s most sophisticated and modern city, Panama attracts investors, bankers and traders. Development companies welcome foreign investors and the possibilities for business are extensive. And with a booming economy, political stability, excellent amenities and low prices, Panama offers a first-class lifestyle to third world prices.

3. Panama’s Preferences Towards Taxes

If you make your income outside Panama and bring it here to spend, you will not be taxed. In Panama, they don’t consider interests generated to bank accounts as taxable incomes. For many people coming here this means they never need to pay tax again.

4. Housing Possibilities

Thanks to the good taste of Panama’s architects, you can choose between gated communities, stylish accommodation in the busy part of the city, or trendy condos near the main beach Playa Blanca. The city has something for everyone.

5. Adventure

Many people who look for a second home abroad don’t want to spend the days on the beach. They prefer to stay active. With snorkeling, scuba diving, hiking in Soberania National Park’s rainforest, and golfing at the Summit Golf Club, there’s no risk that Panama will bore you.