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PANAMA

The Republic of Panama is located in Central America and joins the North American continent to the South American continent.

The country is surrounded by the Caribbean ocean on one side and the Pacific one the other.

Panama is increasingly becoming the place to live in terms of worldwide Tax Havens both for retirees and entrepreneurs. The main reasons for its popularity are that it boasts the best health care in latin America, real estate and infra structure are as good if not better than the US and of course the favorable tax regime. In addition to this many world class restaurant and boutique shopping malls have appeared over the last 10 years making it the Monte Carlo of latin America.

Panama is one of the best places in the world to retire to due to its low cost of living, low crime rates, great weather and of course one of the world's best retiree discount programs (pensionado program). The Panamanian pensionado program boasts discounts such as up to 50% off movies, public transport, medical care, electricity bills, phone bills, water bills, restaurants, mortgage rates and airfares.

Panama has a particularly good tax regime with 0% personal Income Tax on income from outside of Panama, 0% personal Capital Gains Tax on gains from outside of Panama, 0% Inheritance Tax and 0% Corporation Tax.

Panama's infrastructure is superior to anything else in the Caribbean. The country has a lower cost of living and offers much better value for money in terms of real estate quality. Moreover, the country doesn't suffer from Hurricanes. Please see the table below for an overview.