PANAMA A STRONG STABLE ECONOMY
$147B IN ASSETS
Panama is an International banking center, with 57 banks many internationally owned.
IN 2024 EXPECTED 4% GROWTH RATE
Since 2020 Panama has had a steady recovery even with the closure of the mine, Panama is set to hit 4% growth.
EXCLUDING HYPERINFLATION EPISODES IN COUNTRIES SUCH AS ARGENTINA, VENEZUELA, BRASIL BOLIVIA AND PERU
“UNSUBSIDIZED MORTGAGE RATE FOR HOUSEHOLDS WITH PRICE $160K
SOURCE: INDESA
PANAMA A STRONG STABLE ECONOMY
$147B IN ASSETS
Panama is an International banking center, with 57 banks many internationally owned.
IN 2024 EXPECTED 4% GROWTH RATE
Since 2020 Panama has had a steady recovery even with the closure of the mine, Panama is set to hit 4% growth.
EXCLUDING HYPERINFLATION EPISODES IN COUNTRIES SUCH AS ARGENTINA, VENEZUELA, BRASIL BOLIVIA AND PERU
“UNSUBSIDIZED MORTGAGE RATE FOR HOUSEHOLDS WITH PRICE $160K
SOURCE: INDESA
RECORD NUMBER OF INTERNATIONAL VISITORS 2023 1.9MILLION
Huge investment into infrastructure across the country with new roads, metros and air routes being created.
- Ranked best destination for doing business in Latin America
- Ranks top 5 for retirement destinations worldwide
- Best air connectivity in Latin America (87 cities)
- Safest country in Central America
- Panama uses the US dollar, having a dollarized economy gives Panama a strong economy
- Low-cost healthcare system compared to the United States.
PANAMA HAS AN EVER GROWING COMMITMENT TO CONSERVATION CURRENTLY WITH
33%
PROTECTED FORESTS AND
TERRESTRIAL AREAS
54%
PROTECTED MARINE
AREAS.
COSTA RICA VS PANAMA
Costa Rica
- Renowned for its eco-tourism offerings, Costa Rice attracted 2.4 million international tourists in 2022
- With earnings exceeding $1.7 billion annually from eco-tourism, the country's commitment to eco-friendly activities is evident.
- 80% of visitors engaging in eco-tourism-related endeavours.
Panama
- While welcoming 2 million tourists in 2023,
- Only 10% of its visitors partaking in eco-related tourism.
- Panama demonstrates immense potential to gain a foothold in the eco-tourism market.
- With tourism revenues reaching approximately $3.61 billion in 2021, Panama's burgeoning tourism industry presents a lucrative opportunity for eco-conscious investors and travellers alike.
A PARADISE FOR SUSTAINABLE LUXURY AND ECO-INVESTMENT OPPORTUNITIES.
- Panama has injected $700 m in infrastructure investments in destinations through their Sustainable Tourism Master Plan 2020-2025.
- Panama has injected $700 m in infrastructure investments in destinations through their Sustainable Tourism Master Plan 2020-2025.
PANAMA
…Make it an emerging player in the eco-tourism arena. With its diverse landscapes, rich biodiversity, and strategic location bridging the Americas
15 1 OF THE 3 CARBON-NEGATIVE NATIONS
GLOBALLY.
Aligning with Panama's Sustainable Tourism Master Plan
- New airline & airport in Bocas del Toro.
- Twice as many direcr international flights ainto Panama City.
- Major tax credit incentives for foreign tourism investors.
- Massive infrastructure investments into roads & signs.
- Better access to telecommunications, internet, & electricity.
- Better waste management & recycling systems.
- $20M fund to promote Panama internationally.
- Dedicated taskforce to attract foreign tourism investors.
- Emphasis on sustainability & eco-tourism.
- New contracts with cruise lines.
The central government has allocated $60,000,000 for a sweeping restoration of Bocas Town, Isha Colon
- Complete upgrade of all major roadways on Isla Colon.
- Major renovation of Simon Bolivar Park.
- Urban renewal of Bocas Town true to Caribbean Roots.
- 20 kilometers of bike trails being developed.
Tax Incentives for Hospitality Projects
TAX FREE OPERATION FOR 15 YEARS
- Fifteen year income tax excemption
- Exoneration of real estate tax for fifteen years
- Capital gains tax excemption for five years
- Duty free imports of any materials and eqParagraphuipment necessary for the business for a period of 5 years
Law 431 has introduced new incentives and regulations related to the hospitality industry located outside of the City of Panama District, which means the rest of the Republic of Panama will noe benefit from the above incentices.
Timing is everything: Government supporting Dramatic Expansion in Tourism
How to get to here
From San Jose, Costa Rica or Panama City take a 40-50
minute flight to the Bocas Del Toro airport.