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 2012, 648 new residency permits were granted to Spanish citizens, approximately double that of 2007, when the number was 350.
Panama's economic boom and political stability is proving a magnet for middle-class immigrants.
More and more foreigners settle in Panama, requiring a wide range of different services.
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.
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