The Miami of Central America

Like Miami, Panama is a magnet for Latin Americans and Europeans, who in the past five years have come to the country to invest and work.

Thursday, April 30, 2009

An article in Mipunto.com analyzed how the protection of the advantages that Panama offers so that capital and people will come and settle in the country brings tens of thousands of foreigners and hundreds of companies who then decide to stay, attracted by the climate, business environment, agility in starting a business, air transport facilities, and the effervescence caused by the economic expansion of the Canal and the development of the location as a logistics hub.

In the last year, government revenues from issued permits duplicated the previous amount.

More on this topic

Increase in Spanish Migration to Panama

July 2013

In 2012, 648 new residency permits were granted to Spanish citizens, approximately double that of 2007, when the number was 350.

Driven by the growing economic crisis in the Iberian Peninsula, more and more Spanish people are coming to try their luck in Panama, attracted by the opportunities offered by the economic growth the country is experiencing.

Relocating to Panama

February 2011

More and more foreigners settle in Panama, requiring a wide range of different services.

According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities.

Panama is magnet for middle-class immigrants

May 2008

Panama's economic boom and political stability is proving a magnet for middle-class immigrants.

The trend can be seen in the large number of foreigners who hold senior positions in companies and of retirees flooding in from overseas, said Raul Moreira, president-elect of Panama's College of Economists.

Panama and Costa Rica will need to import 300,000 workers: IOM

April 2008

Costa Rica and Panama will have to import about 300,000 workers over the next few years to ensure the harvest of their agricultural products and the modernization of the Panama Canal, an official from the International Organization for Migration (IOM) says.

The IOM director for Mexico and Central America, José Pirés, said these countries will have to import workers from Bolivia, Ecuador, Colombia, Cuba or Brazil to meet the demand for workers.

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