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Boca Chica is a beach town found in southwestern Panama’s Chiriquí Province. Lapped by the life-rich waters of the Pacific Ocean, it’s famous for having some of the best beaches in Panama. Directly in front of Boca Chica is Boca Brava Island, a protected area that’s ideal for stand-up paddle boarding, kayaking, or anchoring your boat.
The real draw to this town are the two (free) municipal boat ramps that serve as the gateway to the surrounding islands and coral reefs which make up the Gulf of Chiriquí National Marine Park. Wildlife you might encounter here includes howler monkeys, tiger herons, green iguanas, hawksbill and leatherback turtles, hammerhead sharks, white-tipped reef sharks, manta rays, and dolphins. Humpback whales calve here from August to November.
This is an incredible place for boating, fishing, wildlife viewing, snorkeling, and scuba diving. Discover Boca Chica and Boca Brava in this Panama Special Report.
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With this monthly membership service, Panama Letter, we bring you the real Panama, warts and all. This is your chance to discover what it is really like to live in this country, without the sugar coating. This is the good, the bad, and the ugly, brought to you by a team of insiders, with, among them, decades of firsthand experience living, investing, and doing business in Panama. Understand, with their help the opportunities that are right for you in the world’s top retirement, lifestyle, investment, doing-business, and embarking-on-a-new-adventure haven.
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Panama is Central America’s preeminent banking destination. Its thriving banking sector has fueled the growth of the country’s economy and attracted dozens of international banks from around the globe. Of the 75 banks currently operating in the country, 2 are state-owned, 47 have general licenses, and 26 have international licenses.
Why Panama, you ask?
For starters, the country boasts strong regulatory oversight that maintains the stability of the banking system, and banks tend to stay afloat during periods of economic turmoil. Favorable tax incentives and high certificate of deposit (CD) rates draw in a constant flow of cash from foreign individuals and entities. On top of that, there are several laws in place that help ensure the privacy of clients. Together these factors contribute to Panama’s appeal as an offshore banking haven.
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