What Makes Panama The Best Investment Option?
When you look for a foreign investment option, the first thing you search for is the government of the country. You give consideration to other factors as well, including the country’s currency, investment laws, economic status, access to capital, etc. When you look at this criterion, Panama investment seems to be sound business. Let us have a look at some factors that make Panama the best economy to invest in.
Currency: US dollar is the currency of Panama since 1904, probably because they do not have their own central bank that can print their own money. Although this is a shortcoming in itself, it places Panama ahead of the rest of the world with increased usage of US dollar. There are virtually no exchange risks to investors and foreign companies due to this. So, the currency of Panama makes Panama investment extremely easy and comfortable for you, especially if you are situated in Europe or US.
Capital accessibility: Investing in the country is very easy, probably because it has very easy access to capital in all Latin America. Owing to its banking development, economic development, capital market, sovereign risk and international recognition in the last few years, it becomes a feasible investment option for a retiring individual in any part of the world. Panama is considered as an excellent location to invest in, and this gives a feeling of comfort to the investors across the globe.
Economic freedom: Panama is associated with WTO (World Trade Organization), and is benefited by CBI (Caribbean Basin Initiative). The country is negotiating Free Trade Agreement with the US, and formal discussions are going on related to FTAs with several other regional groups and countries too. Its inflation rate is as low as 2% for the last 40 years. All these factors make Panama a highly beneficial option.
Investor friendly investment laws: The country gives equal rights of business practices and investments to citizens as well as foreign investors. That means that if you are a foreign investor in Panama, you will not be required to attain any special permits, registrations or authorizations. Registered investments are given 10-year stability, guaranteeing tax, labor and municipal rules, legal obligations etc. to be in effect. Their government policy is volatile and may risk the investments, but their laws make the country an excellent economy to invest in.
Keeping in mind all the above factors, Panama investment seems to be a great opportunity for retirees and professional alike. Growth potential, economic stability, and economic freedom make this place a tropical paradise to invest in. All in all, investment in Panama is easy, safe and profitable from all sides.
For more information please visit Financial Pacific Panama
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