Cost of Living

For an executive, it is similar to that of many large cities such as Miami, United States, San Juan, Puerto Rico and Sao Paulo, Brazil. Among the factors that have contributed to being able to enjoy to good quality of life at accesible costs are currency stability, to low inflation rate traditionally lower than that of the United States (les than 2% in the last 50 years), an attractive tax regimen.

For Commercial Information: Chamber of Commerce, Industry and Agriculture of Panama. Information and legal counsel is provided. Located on 34th Street, on the corner of Cuba Avenue and Ecuador Avenue, Building 33 TO-18; telephone 227-1233; web page: www.panamcamara.com

Work Schedules:

Banks: Panamanian banks open from 8:00 am to 3:00pm, Mondays to Fridays, and on Saturdays from 9:00 am to 12:00 noon; Foreign banks open from 8:00 am to 1:00 pm Mondays to Fridays.

Businesses: open Mondays through Saturdays from 9:00 am to 9:00 pm uniterrrpted, by shifts, including Sundays in many cases.

Public Administration: from 8:00 am to 12:00 noon and from 1:00 pm to 4:00 pm, Monday to Friday.

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