The Republic of Panama is located in the center of the Western Hemisphere. On the North, it borders the Caribbean Ocean, on the East with the Republic of Colombia, on the South with the Pacific Ocean and on the West with the Republic of Costa Rica.  It is a link between Central and South America forming  an isthmus 80 km. wide at its narrowest  section.
The official language is Spanish. However, many Panamanians speak English. The weather is tropical and uniform throughout the year. The average temperature is 29 degrees Cº.  There is an absolute freedom of Religion in Panama. Most Panamanians are Roman Catholic. However, due to the diversity in the country you can find all kinds of  worship temples throughout the country.

 Other benefits

A variable geography makes Panama one of the most attractive countries in the world  (mountains and tropical  islands, a thriving metropolis, beautiful beaches both in the Pacific and the Caribbean)

- The Low Cost of Living
-  Low Priced Real Estate
-  Low Taxation
 - Inexpensive Medical Care
 - Attractive Offshore Banking Laws. 

Panama hosts the most modern and successful international banking center in  Latin America and the  second largest in the world, after Switzerland, with  more than 120 banks from 35 countries, including  HSBC,Citibank, Bank of Tokyo, Bank of Boston, Scotiabank and others.
Stable economy (with the U.S. dollar as the currency) Panama has the best retirement plans for foreigners from all over the world.  Law number 6 of 1987, Article 1 establishes that  Panamanian or foreign residents older than 55 years old if they are  women  and 60 if they are men, are entitled to a 15% to 50% discount in drugstores, restaurants,  movie  theatres , etc. (provided that you ask in advance)



                               
                                         For more information:           http://www.ipat.gob.pa