Live and Invest Overseas
FREE REPORT: LIVE AND INVEST IN PANAMA
We Value Your Privacy! We will not share your email address with anyone else, period.
  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Join our Weekly Newsletter
    Overseas Property Alert

    Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






      We Value Your Privacy! We will not share your email address with anyone else, period.

      Buying Real Estate For Cashflow

      • Discover tips and strategies used by global property investing veterans

      Explore Our Latest Posts

      • Learn how to invest and purchase property abroad…

      Go To The Overseas Property Alert Site

      • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
    • Conferences

      Upcoming Events

      • Explore Our Events Site

      Live and Invest In Spain Conference

      Offshore Wealth Summit

      Greece Workshop

      VALENCIA, SPAIN

      Sep. 17-19, 2025

      PANAMA CITY, PANAMA

      Oct. 15-17, 2025

      VIRTUAL

      Nov. 13, 2025

      LEARN MORE
      DISCOUNT
      LEARN MORE
      PRE-REGISTER
      LEARN MORE
      PRE-REGISTER
      • MORE EVENTS

      Contact Our Events Team

      Toll-Free U.S. and Canada:
      1 (888) 627 8834
      From Outside North America:
      1 (443) 599 1221
      Working Hours
      Monday – Friday 08:00 am – 17:00 pm EST.

      Reach us with your questions by email at: events@liveandinvestoverseas.com

    • Store

      Unlock The World

      • Access Your Library

      Overseas Havens Reports

      • Expats' comprehensive destination guides

      Conference Kits

      • Hours of coverage  from our latests conferences

      Lahardan Books

      • Titles on living and investing around the world
      • Explore Our Store
      Your passport to a life well-lived abroad

      Services

      overseas living letter offers affordable retirement guidance
      The Simon Letter Wealth Protection Insights
      Global Property Advisor Global Investment Opportunities

      Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

    • My Library
    Live and Invest Overseas
    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

        Upcoming Events

        • Explore Our Events Site

        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
        DISCOUNT
        LEARN MORE
        PRE-REGISTER
        LEARN MORE
        PRE-REGISTER
        • MORE EVENTS

        Contact Our Events Team

        Toll-Free U.S. and Canada:
        1 (888) 627 8834
        From Outside North America:
        1 (443) 599 1221
        Working Hours
        Monday – Friday 08:00 am – 17:00 pm EST.

        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

        Unlock The World

        • Access Your Library

        Overseas Havens Reports

        • Expats' comprehensive destination guides

        Conference Kits

        • Hours of coverage  from our latests conferences

        Lahardan Books

        • Titles on living and investing around the world
        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

      • My Library
      Live and Invest Overseas
       Free Panama Guide

      LIVE AND INVEST IN PANAMA

      view of the skyline in Panama City, Panama,

      WORLD’S #1 RETIREMENT HAVEN
      IN THE AMERICAS

      Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter plus our In Focus: Panama newsletter and we’ll immediately email you our editors’ latest research report… absolutely FREE






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Home In Focus: Panama

        Tourism In Panama: The Key To A Golden Age You Can Profit From

        The Third Golden Age Of Panama

        by Con Murphy
        Aug 31, 2022
        in In Focus: Panama, Investing, Panama
        0 0
        Panama City, Panama view from Amador

        Adobe Stock/kike

        Panama has enjoyed two golden eras of economic expansion in the past 500 years. Investors who got in early then were rewarded with wealth beyond imagining. Today, Panama’s third golden age is just beginning. Those who prepare for this new commercial dawn can expect to realize riches comparable to the conquistadors of old. The tourism in Panama is the key to this third golden economic age.

        Panama’s First Economic Golden Age

        The time of the conquistadors was a brutal chapter in the history of Panama. Native populations died from war and disease while the colonists extracted unimaginable riches.

        Over 30 sunken Spanish treasure ships have been identified in the area around Panama’s coastal waters. Many more wrecks undoubtably remain undiscovered. Those that sank in Panama’s waters represent only a small fraction of the total treasure taken from the region.

        To give you an idea of the value of this treasure, just two such wrecks in the region were excavated by Mel Fisher in the 1980s and yielded treasure worth over a billion dollars in today’s terms.

        So much potential wealth was evident in the area, that Spanish explorer Vasco Nuñez de Balboa was sent to chart the area in 1501. He discovered that the Isthmus of Panama was a narrow land bridge separating the vast Atlantic and Pacific oceans.

        Balboa knew that finding a navigable channel between both oceans would revolutionize global shipping.

        It was then, over 500 years ago, that the first idea for a canal to connect the two oceans was formed.

        In order to tap the unimaginable wealth harvestable from a fast route from the Atlantic to the Pacific, Pope Charles V ordered a canal built. This was a time when the local populations suffered immeasurably, and the colonialists took everything they could.

        Second Economic Golden Age: The Canal And Financial Services

        Despite the orders of Pope Charles V, the canal took over 350 years to be completed.

        In 1881, a French company began an ill-fated plan to build a canal across the Isthmus of Panama. This monumental task failed, and it fell upon later investment companies to finish the canal.

        However, when the canal was finished it opened the economic floodgates for Panama.

        Suddenly, Panama controlled the choke point of global trade. This inevitably brought a second round of colonial occupation, this time from the United States.

        Once again, this new economic opportunity was detrimental to the local populace. During the canal’s construction over 25,000 workers perished.

        While banking and trade financing had long been at home in Panama, the dawn of the era of Panama as an offshore tax haven began over a century ago.

        In 1904, Theodore Roosevelt appointed J.P. Morgan & Co. as the fiscal agent for Panama, in an attempt to get control of the canal. Panama became a tax haven in 1919 when it started registering ships belonging to Standard Oil for lower fees than the United States. With the revenues from the canal, and its own status as a banking and tax haven, Panama made locals and international investors rich through international trade and finance.

        Panama has been a safe and private place to incorporate offshore companies for decades, and its tax system is very sympathetic to foreign businesses.

        While a lot of the wealth created stayed in the hands of foreign investors, a lot of it was invested in Panama and made its way to the Panamanian people. This is especially true since Panama took back control of the canal from the United States in 1999.

        Since then, Panama has enjoyed the economic boom that Kathleen Peddicord and Lief Simon have been writing about for over 20 years.

        While the rules of the offshore financial services world are tightening, and Panama is no longer the absolute tax haven that it once was, Panama continues to create huge wealth from shipping and offshore services.

        Now that these industries have matured, Panama is turning to cleaner, more inclusive new industries to shepherd it through the new millennium.

        With her shipping infrastructure, Caribbean and Pacific beaches, and lush jungles, Panama is creating a new cash cow industry to diversify its economy from the financial services and the canal.

        Get Your Free Panama Report Today!
        Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.
        We Value Your Privacy! We will not share your email address with anyone else, period.

        Panama’s Third Economic Golden Age: Tourism

        Tourism in Panama is an untapped market. Tourism currently only generates 2.9% of Panama’s GDP. However, Panama has just announced a massive investment in its tourism industry.

        This time Panamanians will fully benefit from the economic boom.

        This industry won’t be destructive of the local population or extractive of the resources of the country.

        President Laurentino “Nito” Cortizo is taking tourism seriously. He even upskilled the workforce during the pandemic lockdowns by providing free tourism training courses.

        He appointed Panama’s first full Minister of Tourism and created a tourism marketing entity called PROMTUR to promote and expand the industry. More importantly, Cortizo funded it with a five-year budget of over US$300 million.

        Part of the plan includes a new dual cruise ship pier and new convention center in Panama City. Previously, the only cruise ship port in Panama was two hours away from Panama City in the Colón province.

        This new cruise ship facility will encourage Holland America, Norwegian, Princess, and Carnival Cruise lines to expand their offerings in Panama. The new terminal will allow Panama to become the home port for cruises. This means tourists will fly to Panama to get on their cruises, and will finish their cruises back in Panama.

        This will encourage tourists to spend additional days in Panama before and after their cruises, greatly increasing the economic impact of the cruise industry in the greater Panamanian economy.

        On my February 2022 scouting trip to Panama City, Lief Simon took me on a tour of the area that included the Amador Causeway. Lief has lived in Panama City for well over a decade and has studied its development closely. One of the most interesting projects he showed me was the giant convention center that is situated on the Causeway.

        This new center is set to make Panama the convention capital of Central America, offering 190,000 square feet of convention space, with an additional almost 7,000 square feet of smaller rooms and banqueting halls. This facility will allow for 20,000 people per day to attend conferences, and will offer stunning views of the ocean from high-class restaurants serving lobster freshly caught in the Bocas del Toro area of Panama.

        The Azuero Peninsula on the southern coast of Panama offers some of the best fishing in the world. It’s a bit of a secret at the moment, but with Panama’s international tourism marketing plan, soon everyone will know about it.

        If you want the best surfing in the region, go to the Bocas Del Toro archipelago. You might be able to scoop some lobsters off the ocean floor while you are at it.

        Volcano hiking and jungle tours are also exciting tourism opportunities inland in Panama. Plus, you get the opportunity to view more bird species in one small location than in all of North America.

        Another reason Panama continues to show bumper growth in a time when other Central American countries are stagnating is that the government continues to pump money into major high-impact infrastructure projects.

        The canal doubled in capacity when its major expansion was opened in 2016.

        The government has financed the construction of a fourth bridge across the Panama Canal at a cost of US$1.5 billion, which will relieve traffic congestion and provide easier accessibility to the interior of the country. This will further enhance the additional access offered by their new US$2.5 billion investment in a metro line running under the canal.

        Just as a rising tide raises all ships, anyone who makes an investment in Panamanian tourism now will benefit from these huge government investments, too.

        How To Invest In The New Panamanian Tourism Boom

        Panama has 68 direct flights from 31 countries, offering easy access for tourists from almost anywhere on the globe.

        -Invest in short-term rentals around Panama City for convention center clients and medical tourists

        While short-term tourism rentals aren’t allowed in most of Panama City to avoid tourism displacing local renters, certain developments are allowed to rent to tourists in the short term. (In Panama, a short-term rental means less than 45 days.)

        By investing in a property with a short-term rental license, you can expect rental returns from the 6% to 10% mark after all expenses.

        If you want to discuss your short-term rental investment options around Panama City, contact our most-trusted Panamanian property agent here.

        -Invest in short-term rentals outside Panama City

        With their huge investment in advertising Panama as a premium tourism destination, tourism in all areas is expected to flourish. As this happens, all short- and long-term rental opportunities will improve for all property owners.

        A savvy investment now in a rental property in a popular or up-and-coming tourist area will increase cash flow and appreciation rates in-step with these major government investments.

        -Invest in tourism properties

        Right now, deals can still be found on guesthouses, bed-and-breakfasts, small hotels, and tourism service businesses.

        -Invest in agricultural investments

        With this impending tourism boom across Panama, a corresponding increase in the production of high-value food to supply resorts and restaurants needs to happen.

        Given these major investments in the economy and infrastructure, it’s predicted that by 2030 Panama will have lost its designation as a developing country and will have joined the ranks of First World nations.

        Con Murphy
        Editor, Overseas Property Alert

        Tags: 'invest in panama''Investing In Panama'panama investmentreal estate in Panama
        Share98Tweet52
        Con Murphy

        Con Murphy

        Con was born in Limerick, Ireland in 1981. After Studying Business and Legal Studies at the University College Dublin he worked as a real estate researcher in the U.K and South Africa. In 2006 Con decided to make the move to Belize. During his time in Belize, Con has worked as an owner’s representative in the redevelopment of an award winning Boutique Resort and Spa in the Cayo district, a founding member of a Real Estate Development Company and a founding Director of a Start-up Oil and Gas Exploration company.

        Get Your Free Panama Report Today!
        Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.

        We Value Your Privacy! We will not share your email address with anyone else, period.
        Our Expertise Unlocks The World

        quick links

        • Best Places To Live
        • Best Places To Retire
        • Finding A Job Overseas
        • Real Estate

        LIOS Resources

        • New To LIOS
        • Ask An Expert
        • Media Center
        • Contact Us
        • FAQs
        the 10 best places to retire in 2025
        Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE REPORT: The 10 Best Places To Retire Overseas In 2025






          We Value Your Privacy! We will not share your email address with anyone else, period.

          As seen in

          US Media Logos

          © 2008 – Live and Invest Overseas™ – All Rights Reserved.

          About Us / Contact Us / Privacy Policy / Terms / Unsubscribe
          Facebook-f X-twitter Youtube Linkedin-in Instagram

          Welcome Back!

          Login to your account below

          Forgotten Password?

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In
          HOME

          Top Countries

          • Spain
          • Portugal
          • Panama
          • Belize
          • Colombia
          • Cyprus
          • Mexico
          • France
          • Montenegro

          Best For:

          • Health Care Abroad
          • Retirement Living
          • Cost Of Living
          • Investing in Real Estate
          • Establishing Residency
          • Gun Ownership
          • English Speakers
          • Safety
          BROWSE ALL COUNTRIES

          Budgets

          How Much Will It Cost
          To Live Overseas?

          Super Cheap

          • Chitré, Panama
          • Santa Marta, Colombia
          • Phuket, Thailand
          • Dumaguete, The Philippines

          Cheap

          • Medellin, Colombia
          • Boquete, Panama
          • Kyrenia, Cyprus
          • Hua Hin, Thailand
          • The Algarve, Portugal

          Affordable

          • Valencia, Spain
          • Cascais, Portugal
          • Las Terrenas, The DR
          • Pisa, Italy
          • La Rochelle, France
          • Mazatlán, Mexico

          Luxury

          • Ambergris Caye, Belize
          • Kotor, Montenegro
          • The Panama City Beaches
          • Paris, France

          Resources

          Global Living

          • Living & Retiring Overseas
          • Raising A Family Abroad
          • Foreign Residency & Citizenship
          • Offshore & Diversification

          Making Money

          • International Real Estate
          • Banking
          • Employment
          • Investing
          Meet Our Experts

          Real Estate

          Overseas Property Alert 

           

          How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

          VISIT SITE

          Buying Real Estate For Cashflow

           

          Discover tips and strategies used by global property investing veterans

          READ MORE

          Explore Our Latest Posts

           

          Learn how to invest and purchase property abroad…

          EXPLORE

          Conferences

          Live and Invest In Spain Conference

          VALENCIA, SPAIN Sep. 17-19, 2025
          LEARN MORE
          DISCOUNT

          Offshore Wealth Summit

          PANAMA CITY, PANAMA Oct. 15-17, 2025
          LEARN MORE
          PRE-REGISTER

          GREECE WORKSHOP

          VIRTUAL Nov. 13, 2025
          LEARN MORE
          PRE-REGISTER
          MORE EVENTS

          Contact Our Events Team:

          Toll-Free U.S. and Canada:
          1 (888) 627 8834

          From Outside North America:
          1 (443) 599 1221

          Working Hours
          Monday – Friday 08:00 am – 17:00 pm EST.

          Reach us with your questions by email at: events@liveandinvestoverseas.com

          Store

          Overseas Havens Reports

          • Expats' comprehensive destination guides

          Conference Kits

          • Hours of coverage  from our latests conferences

          Lahardan Books

          • Titles on living and investing around the world

          Services

          • Overseas Living Letter: Affordable Retirement Guidance
          • The Simon Letter: Wealth Protection Insights
          • Global Property Advisor: Global Investment Opportunitites
          VISIT OUR STORE

          Free Report

          THE 10 BEST PLACES TO RETIRE IN 2025

          FREE REPORT: The 10 Best Places To retire in 2025

          Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…






            We Value Your Privacy! We will not share your email address with anyone else, period.

            LIBRARY

            Follow Us:

            © 2008 - Live and Invest Overseas - All Rights Reserved.

            RETIRE OVERSEAS AND LIVE LIKE ROYALTY

            Sign up for FREE to learn how. Plus, check out our FREE report on THE 10 BEST PLACES TO RETIRE


            We Value Your Privacy! We will not share your email address with anyone else, period.

            RETIRE OVERSEAS AND LIVE LIKE ROYALTY

            Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

            We Value Your Privacy! We will not share your email address with anyone else, period.