Only a short flight from Miami, come see why Panama is one of the fastest growing economies in Latin America. Foreign investments in Panama amount to nearly 9% of the county’s GDP, which is the largest share in the Americas and speaks to the country’s investor friendliness. Foreign direct investment into Panama is up 61% since 2013 and accounted for 11.3% of the country’s GDP in 2014. With Panama boasting the second largest Free Trade Zone in the world, it’s easy to see why a thriving expat community (3,000 foreigners from 30 different countries) has stimulated the growth of new businesses owned by foreigners and locals alike. Investing in Panama is straightforward as the currency is the USD, there are no restrictions on foreign ownership, nor any exchange controls. The US-Panama Trade Promotion Agreement from October 2012 granted US exporters immediate duty free treatment accounting for more than half of current trade. The country’s tropical climate is favorable to agricultural practices as the humid climate can permit up to two growing cycles per year with the proper farming techniques. Couple that with cool, mountain climate retreats and Panama emerges as an ideal agricultural investment location with the added benefit of being a sought after retirement destination.
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