Panama Offshore Legal Services Blog

How Growth in Tourism Will Bolster Panama’s Overall Economy in 2019

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By global standards, Panama’s near decade of unprecedented growth has been impressive. Even during a global financial slowdown, Panama managed to stay the course and pull through. And while most of this is attributed to banking/financial services, shipping logistics, and Canal-related business, there is one market that has been making huge inroads, as well as an economic impact: tourism. Tourism has brought in millions of new visitors each year, and believe it or not, has encouraged external growth in investment as a byproduct of it. In order to adapt and survive in the modern global economy, Panama (and everyone one else) needs to adapt. Can tourism be that boost that takes them to the next level?
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The Panama Canal: 100 years of progress and incredible engineering

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The word “Panama” typically brings to mind many things for those who live, work, and travel here. But to most of the world unfamiliar with the Central American nation, the first thing that comes to mind is almost always the Panama Canal. Heralded as one of the wonders of the world, and one of the greatest engineering feats in modern history, the Panama Canal has brought fame, fortune, and future prosperity to a country that’s small, yet incredibly powerful. Just a few years ago, the Panama Canal celebrated its 100-year anniversary, an event that marked many different eras, governments, and both economic and social cycles. Now, a few years after the 100th anniversary and inauguration of the new upgrades, we take a look at why the Panama Canal is more important than ever, and what it will bring to Panama in the future. Continue reading »

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Buying or Renting Real Estate in Panama? Here’s what to look for!

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If you’re looking to buy or rent properties in Panama, there are many options to suite 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. Continue reading »

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Immigrating to Panama From Poland: What you need to know ahead of time

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Poland is a country steeped in rich history, with a resilient, proud people who are both forward-thinking, and diverse in cultural tradition. Right now, Poland is going through a transitional period. This is nothing new for Poland, but for many, the opportunities abroad are just too good to pass up. For people in the European Union, including the Polish, immigrating to Panama is something that is right within reach, without a lot of the similar cost and jumping through hoops they may encounter in other parts of the world. If you’re from Poland, and the thought of moving and investing overseas has been on your mind, you owe it to yourself to look into Panama. Here’s why. Continue reading »

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Immigrating to Panama from South Africa: What you need to know

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For many in South Africa, the turmoil and uncertainty of recent years has become just too much, and staying put no longer seems like a good option. Right now, thousands of landowners in South Africa are under danger of either losing their land, or even worse, their lives, with no immediate end in sight, and little aid from the outside world. As chaotic as life is in South Africa, the resilience of its people is inspiring, and people are taking action into their own hands, and making the choice to emigrate. While this choice is never easy, it’s the best bet for those who want to improve their lifestyle, increase their safety, and continue to grow professionally, or as investors.

While there are many great options around the world for South Africans when it comes to emigrating, one place keeps popping up at the top of the list for people of all ages/backgrounds. That place is Panama. Continue reading »

Posted in Banking in Panama, Investing in Panama, Moving to Panama, Panama Real Estate, Relocating to Panama | Leave a comment

Renting vs. Buying in Panama: How to make the best real estate choice

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If you’re planning on relocating to Panama, whether for a short or long period, you’ll need to decide whether you want to rent or buy Panama real estate. Both options have a lot to offer, and both can be financially beneficial depending on your lifestyle and circumstances. If you’re looking to rent or buy in Panama, you’ll need to do some due diligence first. The Real Estate market in Panama is diverse and has an abundance of new properties, both in the cities and the suburbs. From luxury skyscraper apartments, beach houses, estates, family homes, and suburban condos, Panama has it all, to buy or rent. Here are some quick tips on how whether you should rent or buy in Panama. Continue reading »

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Investing in Panama for the Future, With Current Returns

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Investing in Panama is a subject often talked about within the international business community, especially for those in Latin America and the Caribbean. Panama has a versatile, diverse business community with investment options that run the gamut as far as industry, volume, type, and returns. One thing almost all investments in Panama have in common, however, is the future. Panama has had a unique economic situation since the transfer of the Panama Canal back in 2000, and more specifically, an economic surge over the last ten years. When the global economy was sinking (mostly) in 2008/2009, Panama was growing. Why? Well, it’s complicated.
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Panama: A relocation checklist for newcomers

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Planning on relocating to Panama for work or retirement? There’s a lot to consider, and it can be overwhelming to any newcomer. Before you move, it’s important to get all your ducks in a row, so to speak, to better prepare yourself. To help you out and get started, here’s what we recommend.
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Major World Bank Project to Help Panama’s Indigenous

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Panama is a country with a diverse and complicated history when it comes to its indigenous. There are approximately half a million indigenous in Panama, making up around 12% of the total population, split into eight tribes (Embera, Kuna, Ngobe-Bugle, Guayami, Bokota, Talamanca, Teribe, and Wounaan). Despite making up over 10% of the total population, Panama’s indigenous suffer the most poverty per capita of any demographic in the country, and that makes it hard for many of them to live a quality life. For centuries, political and cultural clashes between the indigenous and the government have made progress hard, but things are slowly changing, and are about to get a big leg up from the World Bank.
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A Panama Renaissance in Casco Viejo

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Panama’s historic “old city”, known as Casco Viejo or Casco Antiguo by some, is going through an incredible renaissance these days. It’s the #1 most visited area of the country tourism wise, it’s home to many of Panama’s best restuarants and bars, it has walkable small beaches, plazas, parks, and is where the seat of government resides in the nation. It’s grown, once again, into the cultural and entertainment center of Panama City. But it wasn’t always this way. Casco Viejo has gone through many layers of change over the past few decades. In fact, it’s gone through this time and time again over the past few centuries. Right now, the neighborhood is in full-on boom mode, and more importantly, a cultural renaissance.
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Posted in Investing in Panama, Moving to Panama, Panama Arts/Culture, Panama Real Estate, Panama Tourism | Leave a comment