POLS Panama Relocation & Immigration Blog

New Panama Property Tax Withholding Law Goes into effect January, 2019

Panama Tax Withholding
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Panama’s Ministry of Finance issued a decree requiring real property lenders to withhold funds on mortgages to pay for the property tax. The new decree takes effect on January 1, 2019.  In addition, another decree around the same time provides benefits to primary residences’ property tax. Continue reading »

Posted in Banking in Panama, Investing in Panama | Leave a comment

During WYD in Panama, Pope To Visit Sick and Jailed Youth : Weekly News Roundup, November 28th, 2018

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Welcome to the Panama Weekly News Roundup! Here’s the latest. Continue reading »

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Driving in Panama: The basics!

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If you’re planning on relocating or retiring in Panama, chances are, you’ve considered whether or not to drive a car there. Driving in Panama, like anywhere, has its ups and downs, and buying or using a car in Panama depends on many factors. Before you make the decision to drive in Panama, we highly recommend you do some due diligence first. Panama has one of the largest amounts of cars on the road, per population, of any country in the hemisphere. There are also numerous laws, licenses, and regulations involved in driving in Panama, so weighing out whether is worth it is critical to your plan to relocate here. In order to keep you informed, here are the basics on what you should know.
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The Real Estate market in Panama’s interior is growing. Here’s why.

Panama Interior Real Estate
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For a long time, Panama’s real estate market focus has been largely concentrated on the capital, Panama City. Years of positive economic growth, access to the Panama Canal, banking, and travel logistics have made Panama City a hot spot for international investment and real estate. In fact, the real estate boom in Panama City has been so big, that many people, both in Panama and internationally, have overlooked one of the biggest sectors of real estate growth in the entire country: the interior provinces.
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Pope Francis’ complete schedule to Panama in January 2019 : Weekly News Roundup, November 21st, 2018

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Welcome to the Panama Weekly News Roundup! Here’s the latest. Continue reading »

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Managing Your Panama Lifestyle on a Fixed Income? No problem!

Fixed Income in Panama
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For most people who move to Panama, the cost of living, and being able to enjoy more on a limited budget is a big part of the draw. Living on a fixed income in Panama is not only possible, it’s a reality for many expats, and one that still allows them to enjoy life to the fullest. In Panama, living on a budget is all about choices, and knowing how to navigate the lifestyle you want, in the setting provided for you here. Whether you choose to live in the city, on the beach, or up in the mountains, you will find what you need, and at the budget you choose. Here are some tips how.
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Posted in Moving to Panama, Relocating to Panama, Retiring in Panama | Leave a comment

4 Ways to Manage “Fiestas Patrias” in Panama in November

Fiestas Patrias November Panama
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November is here, and that means it’s party time for Panama. Well, to be honest, it means much more than that, but the mood is certainly festive on the isthmus, and it’s a great time to celebrate national pride with the Panamanians. Panama celebrates five national holidays, spread out during the month of November, collectively known as the “Fiestas Patrias”, or “Patriotic Parties (holidays).” The fiestas patrias are November 3rd, 4th, 5th, 10th, and 28th.

Each holiday represents a different battle or independence from colonialism, and each are celebrated with lots of national pride and fanfare. Now, this doesn’t mean that the whole month is one big holiday, however with so many falling in such little time, many Panamanians like to take the majority of their vacations during this month. There’s lots to do all over the country, and a lot to absorb, especially if you’re a tourist or a newer expat. To help you navigate all these celebrations, here are four things we think you should know, while celebrating here in Panama.
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Fourth set of locks depends on water supply : Weekly News Roundup, November 14th, 2018

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Welcome to the Panama Weekly News Roundup! Here’s the latest. Continue reading »

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Top Five Expat-Friendly Areas of Panama City

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If you’re planning on moving to Panama, chances are you’ve done some research on where to live. There are many expats all over Panama, and a variety of great expat communities in nearly every part of the country. When it comes to population density, however, the greatest numbers of expats live in the capital, Panama City. Panama City is a bustling metropolis with many things to offer, whether you’re an expat or a local.

The city is growing at a breakneck pace, and each neighborhood offers something a little different. If you’re looking at moving to Panama City, and want to know where you should live, we recommend you visit first. That being said, here’s some solid info to get you started so you know what to look for once you’re here. Here are Panama City’s top 5 neighborhoods for expats:
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Looking to purchase property or rent in Panama? Here’s what you need to know!

Buying/Renting Real Estate in Panama
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If you’re looking to buy or rent properties in Panama, there are many options to suit any taste or any budget. There are great deals to be had, fantastic areas to live in, and many diverse choices that can fit your need specifically. Just like anywhere else, you need to do a good amount of research and personal introspection before you make your decision when it comes to Real Estate. After all, you’re buying or renting in a foreign country, and you should know the rules before you start.
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