WHY INVEST IN THE PANAMANIAN TOURISM SECTOR?

Panama is the most attractive destination in the region in terms of investment and as a meeting point for local and international businesses. In the last decade, Panama has enjoyed rapid economic growth in the Latin American region and has been one of the fastest growing countries globally, according to the World Bank.

Known as the “Hub of the Americas” for its aerial, digital and multicultural interconnectivity, the city is a destination full of business opportunities, but also to discover the richness of biodiversity in a neotropical environment. For those interested in looking for a destination to invest in, Panama has great advantages over similar sites, but also to contribute to a diverse local culture, conservation and research, innovation and entrepreneurship on a full scale.

Panama has a highly regulated and competitive banking sector and financial services system, and there are more than 100 active financial institutions throughout the country. With competitive legislation to promote tourism investment in the interior of the country, Panama has great advantages compared to its neighboring countries; a dollarized economy has allowed great stability and security, convenience is monetized in terms of logistics and trade in general. This is not to mention the high quality of life enjoyed by Panamanians or foreigners, who reside or visit the beautiful country.

Panama's strategic location and its interoceanic presence make the country a powerful destination for cruise ship and mega-yacht tourism. The national government has recently approved an executive decree to offer incentives to cruise lines that invest in their Base Port Operation, from a Cruise Port in the Republic of Panama.

Benefits of Investing in Panama:

- Diversity of Natural, Cultural and Human Heritage

- Investment Facilities - Incentive Laws for Tourism Investment

- Strategic location - Connectivity, Technology, Infrastructure

- Stability and Sustainability - Economic and Social

Through the update of the Sustainable Tourism Master Plan 2020-2025, the Panama Tourism Authority (ATP) has focused on investment in Tourism - Conservation - Research (TCI). Investors aware of the environment, the local society and the natural and human heritage that gives an immeasurable value to this small country, but so great in its wealth and potential for sustainable growth.

Source:

https://www.atp.gob.pa/acerca-de-atp/invertir-en-turismo/