Bocas Del Toro, Panama is widely viewed as the country’s top tourist destination. Situated off of Panama’s Caribbean coast, this archipelago has been recognized as one of the most biologically diverse spots on earth, often been referred to as the “Galapagos of the Caribbean.”
It’s home to La Amistad International Park, a UNESCO world site that’s shared with Costa Rica. With over 401,000 hectares of tropical forest, it is the largest nature reserve in Central America. The area is a perfect blend of development and rich, natural beauty. Luxury resorts, funky beachside hotels, eco-lodges and private island locations are perfect places to enjoy the blue waters of the Caribbean, explore tropical rainforests, or just relax and rejuvenate.
The town of Bocas Del Toro is located on Colon Island and is the capital of the province. Originally established by the United Fruit Company as their regional headquarters, Bocas Town, as it is called by the locals, has many old buildings that reflect both the colonial past of the area and the Caribbean style that harkens visitors back to a bygone era. Yet despite its remote location, Bocas Del Toro is easily accessible via its international airport as well as bus and shuttle services.
The town of Bocas Del Toro, as well as the entire archipelago, is ideal for expats looking for an eco-friendly place to live. Retirees may enjoy the island lifestyle while still being able to connect with friends and family back in the states. Investors can find solid bargains, both in terms of new developments or rehabbing older structures in the historical section.
As the Panamanian government continues its aggressive pursuit of foreign investors, both in terms of favorable residency and work laws and using the US dollar as currency for all transactions, the investment outlook across the country is very favorable. Bocas Del Toro is, certainly, a ground floor opportunity that will require continued upgrades to the infrastructure. With increasing tourism, a good return on investment is very likely.