Panama has a very favorable climate with two distinct seasons. The dry
season runs from December through April. Many plants, including teak, need a distinct dry season to thrive. With over 100
inches of rainfall per year and the "tierra negra" soil, teak reaches a six inch diameter and over thirty feet in height in
just two years.
The cost of living and wages are very reasonable, yet the health care system,
schools and government services are surprisingly well managed in many areas. Roads are modern and technical ammenities are
widely available.
Tax advantages are numerous, and Law 24, The Panamanian Reforestation Act
provides twenty five years of capital gains tax free income. Laws on income tax and real estate tax are also very
favorable. Retired status is readily available and sizeable discounts apply to everything from airline tickets to dining.
The Panama Canal is a vital asset to the shipping industry. It is a major
port for all points in the world. It brings the world to Panamas doorstep.
Above all, the people of Panama are kind, helpful and respectful. Great
cultural diversity exists and is widely respected. The land is rich in bio-diversity and parks and wildlife areas surpass
any others in Central America.
