Making Money in Panama: Easier Than You Think

April 2008
Panama City, Panama

Colon, Colon. The town of Colon was once known as la tazita de oro
(little cup of gold)…if you know where to look, you can still
find golden opportunities to make money.

Dear Panama Insider Reader:

Ah dirty sexy money, unfortunately we can't live without it. I know from your e-mails that many of you Insiders plan to retire early and continue working once you relocate to Panama. But what to do? Start a new business? Look for a job? Expand your current business overseas?

There are plenty of options for those who need to make a living here. In the Feb. 08 issue of Panama Insider, we told you about one industry that is desperately in need of investors…so much so that newbies are practically guaranteed success. This month, we discuss finding employment in our "E-mail of the Month," and in our feature articles, we take you to the Province of Colon, where two exciting business opportunities await.

The Colon Free Zone is a veritable goldmine…but waiting lists for showroom and office space are unbelievable. Space here is so much in demand that you might never get in…but there is a way to do business through the Free Zone without having to deal with all the waiting-list rigmarole. We tell you exactly how to do it—without any overhead or capital investment costs—in this issue.

But the Colon Free Zone isn't the only opportunity here. A new mega-project is in the works and, once completed, it's expected to attract seven million potential buyers every year. If you've got a product to pitch, this'll be the ultimate venue. And there are other opportunities available here—ones that you can get in on for as little as $62,500. Need financing? You may be able to get a loan with interest as low as 2-3%...we explain how, so read on.

Finally, for those of you living in the U.S., income tax day has come and gone. But for those of you living in Panama (or planning to move here), little known extensions can save you from paying pesky IRS late penalties. A former IRS employee tells us exactly what to do in this issue.

Click the “current issue” button on the left to download your issue of Panama Insider.

Thanks for reading Panas,

Jessica Ramesch
Editor, Panama Insider
Panama@InternationalLiving.com

P.S. Meet me in Panama this July. Many of you have already put your names down to be the first to receive information on the July 31-Aug. 2, 2008 Live & Invest in Panama Seminar. With this much interest in our one and only Panama event of the year, spots are sure to fill up fast…so if you haven't registered yet, don't wait too long. I look forward to seeing you here, along with all our expat speakers and experts in every field, from finance and insurance to legal matters and real estate. Find out more now about Live & Invest in Panama right here.

P.P.S. Tell us about your experience in Panama. If you've always wanted to write and you're an expat living, investing, or doing business in Panama, try your hand at writing for Panama Insider! Please send a writing sample to Panama@InternationalLiving.com. We are always looking for new writers with a different perspective on making a life or doing business in Panama.