PANAMA FACTS
- Panama's government is a Constitutional Democracy, (Republic of Panama)
- Panama has a total area of 78,200 sq. kilometers. It's slightly smaller than South Carolina
- Panama's population is just over 3 million
- Panama has the Pacific Ocean to the south and the Caribbean Sea to the north
- Panama is bordered by Costa Rica to the west and Colombia to the east
- Highest point is Volcan Baru at 3,475 meters (11,411 ft)
- Panama has over 1,500 islands
- Panama is divided into 9 provinces, Bocas del Toro, Chiriqui, Cocle Colon, Darien, Herrera, Los Santos, Panama, Veraguas and one territory, San Blas: Kuna Yala
- Panama's currency is the Balboa and has been equally exchanged with the US dollar since 1904
- The President and Chief of State in Panama is Martin Torrijos Espina
- President Torrijos received two degrees from Texas A&M University, Economics and Political Science
- Panama has no military
- Panama's average coastal temperature is between 77 and 87 degrees Fahrenheit year around. Highland areas are cooler.
Panama is only 2.5 hours from Miami
- Entry requirements are a valid passport and a Panamanian tourist card
- Panama in located in Eastern Standard Time
- Panama strongly encourages foreign investment and development
- Panama ranked among the top four places in the world for an inexpensive retirement by International Living Magazine
- Full time live-in maid costs about $200 per month
- Colon Free Zone is located in Colon and is the largest free trade zone in the Western Hemisphere
- Panama has the second largest number of offshore-registered companies in the world
- Over 40 banking laws exist in Panama to protect the business nature of foreigners, such as banking privacy laws as well as foreign/local investor equality laws
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