Panama facts
The Panama Canal and the long standing involvement of the United States, (Panama has the highest per capita US investment in all of Latin America is one reason why Panama's infrastructure is far and away the best in Central America. Highways, airports and shipping centers are extensive and well maintained.
The Panamanian currency is the US dollar, which is of tremendous importance in attracting foreign investment. (Panama does mint coins which are identical in size and weight with US coins and of the same value.)
More than $800 million of foreign investment has been made in the new Canal Zone Industrial Center.
Panama is an international banking and finance center that has no restrictions on the movement of money in or out of the country. It is also legal and very simple to form truly anonymous corporations.
The Tourism Master Plan includes incentives to encourage investment in Panama which include no income or capital gains taxes for twenty years and the importation of a wide variety of goods duty free (when they are related to a tourist business).
There is a large indigenous peoples influence in Panama which contributes greatly to the charm of the country. (The Kuna Indians of the San Blas Archipelago for example.)
There are no real estate taxes for twenty years on any new construction. This should help increase the number of homes to be constructed on the subdivided property.Panama is an Indian word meaning "place of many fish".
Panama's highest mountain is Volcan Baru and from its summit you can see the Atlantic and the Pacific Oceans.
Panama has 500 rivers and 1600 islands.
Panama has approximately 900 species of birds.
Panama has the highest per-capita income, the largest foreign investment and the most highly developed economic infrastructure in Central America.
The Province of Chiriqui is positioned just below Bocas del Toro, runs adjacent to the Costa Rica border to it's west and along the Pacific Ocean to it's south. The largest community in this province is David, which is a short distance from the Pacific coast. To the north of David lies the "Cordillera Central" mountain range, where one can find the popular tourist areas of Boquete, Volcan and the Baru Volcano.The mountain portion of Chiriqui has the country's coolest temperatures, and climatic patterns that differ from anywhere else in Panama. There exist communities settled at 6,000 feet above sea level, where the evenings in particular are very cool and damp; temperatures often reach 0 degrees Celsius (32 degrees Fahrenheit), or cooler. It is in this region that coffee is grown, milk and cheese are processed, and ornamental plants are grown for export.
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