Panama’s government is launching an ambitious plan to attract international visitors to its island destinations through duty-free shopping zones and expanded nautical tourism opportunities. This strategic move aims to position Panama’s islands as premium destinations for international travelers and investors alike.
Government Unveils New Tourism Strategy
During his participation at Expocomer 2025, President José Raúl Mulino announced that his administration is developing a comprehensive plan to establish duty-free zones across Panama’s islands, which already draw significant numbers of domestic and international visitors.
The proposal, scheduled for review on Tuesday, March 25, 2025, is expected to be approved before the Cabinet Council meeting, allowing for swift implementation.
“Our vision is to bring commerce to our islands, following successful models from other island destinations around the world,” President Mulino explained. “This will allow tourists to purchase tax-free products, similar to what’s available in duty-free shops elsewhere.”
The president emphasized that this initiative isn’t designed to create unfair competition but rather to provide additional opportunities for international tourists visiting Panama.
Marina Development and Nautical Tourism
In addition to the duty-free shopping plan, the government is exploring the construction of new marinas to attract yacht tourism and generate local employment opportunities.
“Each yacht that anchors in our waters creates multiple jobs for Panamanians—from maintenance and mechanics to cleaning services and logistics support,” Mulino highlighted.
The administration is also considering approving specialized nautical tourism programs similar to those in Costa Rica, which would allow international yachts to participate in fishing tournaments throughout Panama.
“These initiatives aim to attract yachts to Panama so they can enjoy our excellent fishing grounds, as we have many areas that are highly competitive in this regard,” the president noted.
Potential Impact on Property Markets
This new tourism strategy could significantly impact property values in coastal and island communities like Bocas Del Toro and some properties in Boca Chica, Chiriqui. Increased tourism activity typically drives demand for vacation rentals and second homes, creating opportunities for investors.
Property owners in these regions may see appreciation in their real estate holdings as infrastructure improvements and increased visitor numbers boost the local economy. For potential investors, this government initiative signals a favorable outlook for Panama’s coastal and island real estate markets in the coming years.
The development of new marinas particularly stands to benefit surrounding communities, as yacht tourism brings high-spending visitors who often seek luxury accommodations and services—a trend that has positively impacted real estate values in similar markets worldwide.
Ready to Explore Panama’s Island Investment Opportunities?
At Casa Solution, we specialize in helping clients find exceptional properties throughout Panama’s most desirable locations. Whether you’re interested in investment opportunities in emerging tourism hotspots or seeking your own piece of paradise, our team can guide you through every step of the process.
Contact Casa Solution today to learn more about how these exciting developments might affect property values and investment potential in Panama’s island communities.
