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Panama
Canal de Panama
 
 
A luxuriant setting of flora and fauna, a land bridge between the two Americas and a maritime link between two oceans, Panama is the “in” destination not to be missed!

The prestigious magazine International Living has rated Panama the best place to live outside the United States. We might add that Panama’s economic and political stability make it a very safe, secure country. First and foremost, Panama stands out from all the other countries of Central and South America because of its capital city. Indeed, Panama City is a cosmopolitan metropolis bustling with culture and commerce, fine restaurants and banking services offered by most of the major international banks. Last but not least, music and celebration are a way of life in Panama.

Facts and Figures
Area: 75,517 km2

Population: 3,284,000

Capital: Panama City

Highest point: Baru Volcano (extinct, summit at 3,475 m)

Language: Spanish

Main religion: Catholic (93%)

Currency: the balboa, although the U.S. dollar is commonly used

Political system: A republic of nine provinces and self-governing territories called comarcas


Climate
Panama’s tropical maritime climate has a fairly constant temperature ranging between 27 and 35°C year-round. Thanks to an enviable geographic location, it lies outside the zone of earthquakes and hurricanes that trouble most of the southern United States.

The Canal
Considered one of the eight wonders of the world, the Panama Canal is among the largest civil engineering feats ever achieved. It measures 80 kilometres long, has three sets of locks and is the world’s second busiest commercial shipping lane. The canal is the main source of national revenue. The capacity of the Canal will double in 2014 once a third set of locks has been completed.Panama’s national development plan includes other large-scale projects. A vigorous growing economy, with $3 billion invested in 379 projects over the next five years and a country offering world-class services, Panama is well on its way to being recognized as a first-class destination.

Moving to Panama
Panama has an array of investment incentives for everyone, whether your interest is in investing, starting a business or living in Panama, the paperwork has been streamlined to attract large numbers of foreign investors, such as the ‘’Pensionado Visa’’ for foreign retirees or the ‘’self-economic solvency visa’’ for international investors. Additionally, there are firms of top-calibre lawyers to serve national and international business enterprises.Retirees who move to Panama enjoy substantial cost reductions when it comes to transportation, insurance, medical care, property taxes and more.Canadians, Americans and Europeans are relocating to Panama because of its low cost of living, political and economic stability and booming housing market.

What to do in Panama?
Ecotourism is a way of life in Panama, which has the largest diversity of mammals in the world. There are many outdoor activities to choose from: hiking in the national parks, swimming, river rafting, horseback riding, golf, bird watching, deep-sea fishing, snorkelling, cycling, surfing, climbing, sailing and much more.The arts are a part of Panama’s culture as well. Literature, dance, music, painting, sculpture and crafts, along with numerous museums, all await your discovery. As part of the urban scene, will find tourist attractions typical of large North American cities: casinos, restaurants, and so on.

Useful Links
www.pa
Official website of the Republic of Panama, the most complete information about the country

www.visitpanama.com
Panamanian Tourism Institute website

www.municipio.gob.pa
Official Panama City website

www.pancanal.com
Official website of Panama Canal Authority

www.thepanamanews.com
Website of a small English-language weekly about entertainment, tourism and fine dining
 
 
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